Horse racing is among the oldest and the most preferred sports one can think of. This sport has managed to acquire great popularity in a wide array of countries all over the globe due to the fact that it has a high entertainment value. In fact, annually, thousands of horse races take place. This sport continues attracting the attention not only of horse racing lovers but also of people who prefer wagering on it.
Even though horse racing has a long history, it has definitely not lost its luster as it is preferred by a mind-blowing number of enthusiasts who travel to some of the most popular racetracks in order to enjoy their favourite sport.
The technological advancement over the past few years enabled punters who prefer wagering on horse racings to place their bets over the Internet. Thanks to the numerous betting websites, punters can now wager on a wide variety of such events that take place all over the globe. In fact, wagering on sports as a whole has never been easier as technologies give you the chance to place your bets from the most convenient place and time for you.
Presently, punters can stumble upon numerous websites that give them the opportunity to wager on some of the major horse racing events that are taking place all over the globe. These sports betting websites give bettors the chance to place the same kind of bets that can be placed at every racetrack.
Just like land-based bookies, web-based sportsbooks also provide their customers with statistics so that they could make informed decisions. Still, one of the best things about horse racing websites is that they offer an abundance of bonuses and promotional incentives in order to retain their customers.
More Articles From This Guide
Understanding the Horse Racing
Horse racing is one of the most well-liked sports that enjoy an overwhelming popularity in some parts of the United Kingdom, in the United States, and in Australia. Of course, these are only some of the countries in which such sporting events take place and are frequented by thousands of people.
When it comes to wagering on horse racings, punters need to bear in mind that there are certain differences between the sport in the various countries in which it can be found. Still, what brings the greatest excitement is the betting element that greatly contributes to the ultimate experience.
For beginners, horse racing is a sport in which there are horses that are ridden by jockeys in an attempt to finish first. As you can see the objective of this sport is quite simple. Still, horse racing involves not only skills but also physical strength. The results from the race depend greatly on the jockeys as they need to be well aware of the strength of their horse. One more important thing is that they also need to know when is the most appropriate time to strike home.
In order to win the race, the jockey is required to set the course of the horse. In other words, the jockey needs to “tell” the horse to jump the hurdles or to run faster in order to reach the finish line first. In fact, the Thoroughbred, the Quarter horses as well as the Arabian horses are the most preferred breeds for horse racing.
In some cases, two or more horses can cross the finish line at the same time. Then, a photo finish is used in order to determine the winner.
In order to wager on horse racings, punters need to acquaint themselves with the odds and the way they are expressed. This is extremely important due to the fact that they will not be able to wager if they do not fully understand the way odds are represented.
One more important thing is that there are several types of horse racings that we will pay more attention to later. It would be better if punters read more about them or at least about the preferred type. Bettors who prefer engaging in horse racings are also advised to read more about the various breeds that are used in horse racings due to the fact that such knowledge can also help them while wagering.
How to Bet on Horse Racing
As previously noted, wagering on horse racing is not that difficult as long as you acquaint yourself with the basics of the sport as well as with some of the more complex things about it. One of the most important things punters need to learn are the various ways they are enabled to wager on horse racing. Please note that we are talking about the different ways of betting on this particular sport not the different types of bets that can be placed on it.
Horse racing enthusiasts are presented with several options while wagering. One of the options they have is the fixed odds betting. In fact, this is the most popular way of betting on horse racings. Fixed odds betting involves wagering at particular odds. This means that the bookie you are betting with will provide you with different odds depending on the horse you have chosen. The payoffs are determined both by the odds and the stake. If your bet is not successful, however, this will mean that you will lose your stake. With this betting, punters know how much their potential profit will be from the beginning.
Bettors need to know that there are three ways of expressing the odds. There are fractional, decimal, and moneyline odds. Fractional odds show the potential profit after placing a successful bet. Decimal odds represent the potential win for each of the units you have wagered. American odds or moneyline, on the other hand, are represented by positive and negative numbers. The positive numbers show your profit for every $100 you have wagered. The negative numbers will show you how much you need to stake in order to get $100.
Parimutuel betting differs from fixed odds betting due to the fact that there are no odds involved. In other words, your bet will be added to the pool for the particular race. When the race comes to an end, the pool will be distributed to the punters who have placed successful bets. Their profit will depend on their stake, on the size of the pool as well as on the number of the winning bets.
Exchange betting enables punter to lay and to back a horse in a race. When you have decided to lay a horse, this means that you are wagering that the horse will not win. If you have placed a successful bet, you will get the payout as well as your initial stake. If your stake is not successful, however, this means that you will lose your initial bet.
Types of Horse Racings
As previously noted, horse racing is one of the oldest sports and as such it has definitely changed throughout its existence. This sport is popular in numerous countries around the globe which explains why there are so many different types of horse racings.
Flat Racing is undoubtedly the most widespread type of thoroughbred racing that is popular in Great Britain, in the United States as well as in Australia. In fact, flat racing is also well-liked in many Asian countries. As its name hints, flat racing involves running on a flat surface. A flat surface does not feature any hurdles or any kinds of obstacles. Punters will come across racetracks in which the surface is turf or dirt. There are also racetracks that have a synthetic surface. Occasionally, the length of such races is between 1 and 3 miles. The aim of flat racing is to put at a test both the speed and the stamina of the horse.
It should be noted that there are two types of flat racing. The first type is conditions racing which is determined by various elements from the race such as the age of the horse or some other of its distinctive features.
When it comes to handicap races, things such as the speed, the pace, the jockey, and so on are taken into consideration due to the fact they can influence the outcome of the race.
In Jump Racing or National Hunt, as it is also known, the horse needs to overcome the positioned obstacles. There can be fences, ditches as well as hurdles which explains why jump racing is considered more dangerous. Jump Racing is also divided into two categories. There are Hurdles and Steeplechases. As you can probably guess, in hurdle races the horse needs to jump over obstacles that are called hurdles. In Steeplechases, however, the horse needs to jump over various obstacles such as ditches and fences.
As its name suggests Endurance Racing tests the strength of the horse over longer racetracks. In Endurance racing, the speed of the horse is not that important. What matters is whether the horse can endure in longer courses. In fact, this type of horse racing is not that popular simply because the length of the races can reach more than one hundred kilometers which is definitely a long distance for both the jockey and the horse.
Here, the horse needs to pull a sulky and run at a specific pace. The horse should continue running without breaking stride. There are such races in Australia, in the United States as well as in Europe.
Bets that Can Be Placed on Horse Racing
Even if you have never wagered on horse racing before, you probably know that you can bet on the winner of the race. In fact, some punters may not know that they are enabled to choose from several types of bets. That is why we can advise you to acquaint yourself with all the options you have. If you have decided to make money from wagering on horse races, this is definitely a must for you due to the fact that if you have decided to wager solely on the winner, you will have smaller chances of winning. If you use several different bets, your chances of getting a profit will dramatically increase over the long term.
A Win Bet
As the name suggests, punters need to wager on the horse they think will win the race. If you have made a right prediction and the chosen horse wins the race, you will get a payoff that is determined by your stake and the odds.
A Place Bet
A place bet involves wagering on the horse you think will finish first or second. If the horse comes first or second, this will mean that you have placed a winning bet. Still, bettors need to bear in mind that this bet type comes with a payout that is lower than the payout for a win bet.
A Show Bet
This time you wager that the horse you have chosen will become first, second or third. Bettors need to know that since they are hedging their bets, they should expect lower payoffs.
Across the Board Bet
Across the Board Betting means that you are combining all the above-mentioned bets into a single bet. In other words, this bet gathers a Win bet, a Place bet, and a Show bet into a single bet. That is why Across the Board Bets are also known as “Combo Wager”. Typically, such bets are more expensive in comparison with other types of bets simply because you place three different types of bets simultaneously.
If the horse you have chosen becomes first, you will be paid for all three bets. If the horse becomes second, you will be paid only for the place and the show bets. And if the horse becomes third, you will be paid solely for the show-money bet. Such bets are not that preferred by punters as they are expensive and come with a smaller winning potential.
There are also numerous exotic bets that enable punters to wager on more than one horse in a single bet, thus increasing their chances of getting a profit. Still, such bets are more expensive and it is harder to win them as they require more skills and knowledge.
Let us start with the Exacta. This bet involves wagering on two horses that you think will become first and second. Here, the exact order of the horses is of major importance. If, for example, you have staked $5 on horses 1 and 4, you will get a payout as long as horse number one becomes first and horse number four becomes second. Such best are extremely popular among more experienced punters as they come with some really impressive payoffs.
Bettors are also enabled to “box” such bets which means that the order in which the horses will finish is not important. The horses you have wagered on simply need to finish in the first and in the second position in order to get a payoff. Nevertheless, such bets are twice more expensive than the Exacta.
The Quinella bet is one more exotic bet which involves wagering on two horses you think will become first and second. Here, the order in which they will finish is not important and you will win as long as they take the first two positions.
Now, you probably ask yourself whether there is a difference between the Quinella and the boxed Exacta. In fact, the major difference between these two bets is their cost. The Quinella bet will cost you less than a boxed Exacta. Still, the boxed Exacta comes with higher payouts than the Quinella which explains why it is preferred by punters.
As you can probably guess, a Trifecta bet involves wagering on the three horse you think will finish on the first, second, and the third position. Here, the exact order in which the horses will finish is important. If you have wagered $5 on horses 2, 4, and 6, your bet will be a winning one as long as horse number two finishes first, horse number four finishes second, and horse number six finishes third.
Bettors can also box the Trifecta which will mean that their bet will be a winning one if horses 2, 4, and 6 finish in the first three positions irrespective of the order. If you decide to box the Trifecta, you need to bear in mind that the cost of the bet will increase significantly.
This time you wager that the four chosen horses will finish in the first, second, third, and fourth positions. Punters should not forget that their bet will be a winning one if the horses finish in an exact order. They are also allowed to box a Superfecta bet which will mean that the order in which the horses will finish is not important. Still, bettors should bear in mind that a boxed Superfecta will cost them more than simply a Superfecta.
What to Look for in Horse Racing Websites
Bettors have probably noticed that over the past few years the number of the web-based gambling destinations has dramatically grown. That is why those of you who prefer engaging in horse racing may sometimes find it difficult to decide which is the best site to place real-money bets. Therefore, we can advise punters to pay more attention to certain aspects of these websites while they are singling them out.
In the first place, bettors should look for horse racing sites that provide them with the desired levels of security. Naturally, punters are concerned about their security due to the fact that they make real-money bets and need to reveal some personal information while wagering. That is why they should look for gambling sites that guarantee them that their sensitive information is protected and that no third parties are given access to it.
One more important thing you should also pay attention to is whether payments are made timely and fairly. There are gambling websites in which punters need to put a lot of efforts in order to get their money. That is why we can advise you to look for sites in which payments are made quickly and easily.
We can also advise punters to look for horse racing sites that offer fair prices. Even if you are an inexperienced bettor at the moment, you will gradually become more comfortable with wagering and you will start paying more attention to the odds as they determine your overall profit. It should be noted that the odds for the races differ from one horse racing website to another. That is why you need to learn to compare competitions prior to deciding where to place your bets because in this way you will get the best possible value for your bets.
Good horse racing sites also give their customers access to many racetracks. As a matter of fact, wagering on horse races over the Internet has numerous undeniable advantages. Wagering over the Internet saves punters both money and time due to the fact that they do not need to travel to land-based bookies in order to place their bets. Betting on horse races over the Internet also gives punters access to a greater number of races. This, on the other hand, gives gamblers the chance to enjoy some of the most widespread types of horse racings.
Bonuses and promotions are also important as they contribute greatly to the ultimate gambling experience. Most of the dependable horse racing websites offer their customers numerous regular bonuses as well as signup bonuses.
Deposits and Withdrawals
Once you have found the most suitable horse racing site for you, you are ready to create an account and to fund it. Nowadays, punters are presented with a wide array of options for both deposits and withdrawals. They are enabled to use credit cards of some of the most popular brands. In fact, it turns out that this is one of the most preferred payment solutions by a large number of the bettors. In addition to this, they can also take advantage of the services of numerous e-wallets such as Skrill, Neteller, and so on. Some horse racing sites also accept deposits via cryptocurrencies such as Bitcoin and Ethereum.
When you are ready to cash out your winnings, you will have roughly the same options. Still, you need to acquaint yourself with the terms and the conditions of the particular gambling operator prior to making any transactions as there are certain specific things you need to take into consideration such as limits, timeframes in which they are processed as well as fees that can be associated with some of the payment solutions on offer.
Horse Racing Tips
When it comes to wagering on horse races, inexperienced punters should know that they will not start winning lots of money right away. In the beginning, they will probably make certain mistakes, they will not be able to make accurate decisions, and to place the right bets. Still, punters should not get desperate as things will definitely change if they take their time to study and to improve their skills.
That is why we can advise you to start by making smaller stakes. It would be better if you stick to smaller bets until you get more familiar and comfortable with the sport.
We can also advise punters to draw a budget in order to control how much they are spending. You can draw up a weekly or a monthly budget to which you should adhere. By setting certain limits you will be less likely to spend too much money and to end up with an exhausted bankroll simply because you have lost control.
Punters should also avoid betting on every possible horse race. There are numerous races that take place almost every day. Even seasoned punters do not bet on every race as they are well aware of the fact that they need to be more than well-informed while wagering on several races. That is why bettors should be selective, meaning that they should wager on the races they are most comfortable with.