Horse betting

Horse betting

Published on April 12, 2019
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It is believed that bookmakers and sports betting, in general, originated at the hippodrome. It may seem to inexperienced players that everything is simple in horse racing: you just need to choose a horse, place a bet, and if it comes first, you will receive a win. However, betting on horse racing, like any other sport, has its difficulties and peculiarities. In this article, we will tell you more about this sport and the nuances of betting on this sport.

Horse racing: is one of the most popular sports in many countries of the world: in the USA, Australia, Britain, the United Arab Emirates, and some others.

Competitions are held at different distances. In addition, the surfaces on which competitions are held are also different – grass, sand, and others. That is why before betting on sports, you need to understand in detail and take into account several indicators.

Types of Horse Betting

Most often, betting companies, regardless of their location, accept bets on equestrian sports, mainly on those horse races that take place in European countries. The most common betting options are listed below:

Winner bet (Win)

This is the most common type of betting on the winner of a race. You need to choose a horse, and if it comes to the finish line first, the player will receive a win.

It is also possible to choose a horse and make the opposite bet – that is, the player will receive a win if the horse does not come to the finish line first.

Betting on winners

Guessing the winner of the race is most often difficult, therefore, to increase the likelihood of winning, bookmakers offer players to bet on the top three winners. That is, the selected horse must be in the top 3 at the end of the race. This type of betting in bookmakers can also be called Show, or “Show”.

In addition, the number of prizes in different races may vary. If this number is more than three and the horse is in prizes, then such a bet in this sport is called Place, or “Prize”.

Bets on winners in the correct order

Also in horse racing, there is such a type of bet as “Forecast”. In this type of betting, the player must guess the horses that will come first and second in the race. The variation of the bet can change – therefore, the player has the opportunity to bet not on certain places that the horses will take, but randomly.

Some bookmakers also offer an additional Tricast bet option to the Forecast. This bet is identical to the one described above, with only one caveat: here you need to choose three horses.

Who is higher

In this bet, the player of two horses chooses who will finish higher. That is, throughout the race, the player watches the duel between two horses.

Straight Bet on Horse Racing

Straight bets are bets on one specific horse that will finish first, second or third in its race.

When it comes to sports betting, it is important to note that there are two main types of betting on horse racing – straight bets and exotic bets. Exotic bets are hard to win because they have complex rules and many nuances. However, the payouts in this type of bet are usually higher than in regular ones – which is why many risky players choose this type of bet. In contrast, direct bets are easy to understand: the player needs to select a horse and place a bet on which horse will finish first, second or third in the race.

Exotic Bets allow you to place multiple bets on multiple horses within a single bet and require a high level of skill and knowledge in horse selection and are more expensive. And direct bets are much easier to make – so they are more suitable for inexperienced players and those who do not like to risk large sums.

In general, straight betting is very simple and easy to understand – if you want to bet on the horse that comes first, you are betting on winning. If you plan to bet that the horse will run second, then you are betting on a specific place, and if you want to bet that the horse will run third, you will bet that it will perform.

The most popular are the following rates:

  • Winning bet (a bet that the horse will win the race). This bet has the highest straight bet odds.
  • Simple bet (bet on the horse that will run first or second). The odds in this type of bet are lower than in bets to win.
  • Show bet – in this case, the horse you bet on can come first, second or third. This type of bet usually has the lowest odds.
  • Universal bet (three different bets in one). In this case, the player can wager a certain amount across the board on a specific horse or on multiple horses to win a race, seat, or show.

Place Bets

Place Bets is a type of bet on any prize place. The bet wins if the horse takes any prize place. The number of prizes depends on the number of horses participating in the race. Most often it happens like this: if 8 horses participate in the race, then the number of prizes is 2, if from 8 to 14 horses, then the number of prizes is 3, and if more than 14 horses, then there will be 4 prizes.

Some betting companies do not follow the general rules regarding the number of prizes, so before placing bets, you need to study the rules of the bookmaker just in case.

Win Bets

A win bet is a bet where a player bets that the horse will win. This type of bet has an option: an insurance bet. In this case, if the horse does not win, but comes second or third, you will be refunded the amount of the bet.

Show Bets

Show Bets is a top three betting option. It was invented because it is sometimes very difficult to guess the winner of the race, therefore, to increase the probability of winning, you can bet on the top three winners. Thus, the selected horse should be in the top 3 at the end of the race.

Exotic Wagers

There are several types of exotic horse racing betting. Each of them has its level of difficulty and potential income.

Types of exotic betting options:

  • Exacta: By making this bet, the player must predict how the first two horses will finish the race. To win, you need to correctly choose the exact finishing order of the 1st and 2nd place runners.
  • Trifecta: This type of bet is based on the fact that the player must predict how the first three horses will finish the race. To win, it is important to choose the correct order of finishing for the 1st, 2nd, and 3rd place horses.
  • Superfecta: Superfecta-type bets often bring big wins to players. In this type of bet, you need to predict how the first four horses will finish the race. To win, you need to correctly choose the exact order of finishing of the horses that took 1st, 2nd, 3rd, and 4th places.
  • Daily Double Bet: In this type of bet, you choose which two horses will win two races in a row.

As you can see from the above, exotic bets differ from straight bets, first of all, in that they are riskier. However, at the same time, they can bring much more profit if the player wins. That is why this type of bet is not recommended for beginners and those who are poorly versed in this sport. It is important to analyze all the factors in advance so as not to lose your money. More information about horse race betting, horse racing wagers, multiple races, price money, and betting sites for horse racing may be found online.

Boxing Exotic Bets

By boxing exotic bets, each player can increase their chances of winning. A box bet means that the player can choose more horses than what is listed in the bet, or can play all combinations of the options he has chosen.

For example, Trifecta Box means that the horses the player have chosen still have to finish 1st, 2nd, and 3rd, but this can be in any order. Boxing also allows the player to add a horse to the Exacta bet by making three selections instead of two, resulting in six possible combinations to win. When boxing your bet, the price of the bet will be multiplied.

Horizontal Exotic Bets

Horizontal exotic betting is a type of betting in which a player places bets on several horses at once in one particular race. There are several types of horizontal bets, but in the simplest horizontal bet, the player must choose the horses that will finish first and second in exact order. The selection of the first three winners in exact order is called trifecta, while superfecta refers to the specific order in which the top four horses finished.

Vertical Exotic Bets

Vertical exotic bets are a type of bet in which the player predicts the results for several races at once. The most popular vertical exotic bets are the Pick 3, Pick 5 or Pick 6 bets. The Pick 3 bet requires the player to pick three races of the day on a specific course and correctly identify the winning horses of each of those races.

How to Bet on Horse Racing Betting Site

Whether you are a beginner or an experienced player, there are several tips to help you successfully bet on horse racing.

  1. Do not bet on every race in a row – this way you can lose and take a lot of money. It is important to carefully choose each horse race you bet on. After all, many external factors, such as field coverage or weather, can affect the outcome of the race.
  2. Don’t try to win back. Many players often try to win back by constantly raising the bet in the hope that they will win in the end. This is completely the wrong approach. By constantly raising the rate, you can lose a very large amount, which can lead you into debt.
  3. Never bet more than you can afford to lose. It is important to determine the amount you can bet on horse racing before you start betting. It is important to be able to stop in time when this amount is over. Otherwise, you may end up in debt.
  4. Never bet on a horse just because you’ve already bet on it and it lost. The results of the races are influenced by many factors that cannot be predicted. So don’t try to guess.
  5. Always look for a good ratio. Bookmakers may be more focused on the volume of bets when calculating prices than on the physical condition of the horse before the race.
  6. Always remember: the best predictor is the race card. It has all the information you need to make the right choice.

Listen to the Professionals

Professionals in horse racing are advised to study the information in detail before placing bets. Some of the factors that influence your success are listed below.

Odds. Odds are mainly divided into two types – early prices and starting prices. Bookmakers set early prices about a day before the start of the race, sometimes in the morning on the day of arrival.

As the start approaches, prices begin to change depending on who is betting how much. At the start, the coefficient stops at a certain level. This indicator is called the starting price. It is calculated centrally and is the same for all bookmakers.

The starting price can be either higher or lower than the early price – it all depends on the specific start and many external factors that affect the price. Therefore, professionals often advise choosing bookmakers that adhere to the “Best Odds Guaranteed” policy. They automatically payout according to the higher coefficient.

Horses. It is also important to pay attention to the condition of the horse and jockey. The number in brackets below the jockey’s uniform indicates the number of days since the last run of a particular horse. “D” (distance) means that the horse has already won races for this distance. “C” (course) indicates that the participant has already won at this hippodrome.

In betting on horse racing, as in other sports, it is important to conduct deep preliminary analysis. It is he who will help you most accurately determine the possible winner. Players must read the race card well and be able to determine the potential winner in it – because the amount of your winnings directly depends on this. It is also worth relying on additional factors: the dimensions of the horse, the statistics of the jockey, weather conditions, and many others.

Placing Bet on Horses Online

To bet on horse racing online, you need to register on the bookmaker’s website. Before choosing a bookmaker, it is important to evaluate the ratings of different bookmakers, find out the history of the company, and check the reliability. The main indicator of reliability, as a rule, is the availability of a license and the good reputation of the bookmaker. If the licenses are in the public domain on the official website of the company, then you can find out about the reputation on the Internet – just read the reviews of the bookmaker’s customers.

After you have chosen a bookmaker and registered on the site, you need to replenish your deposit. After that, you can start placing bets.

What should I look out for when betting on horse racing?

Before you start betting on horse racing online, it is important to evaluate the following factors:

  • Horse age. In the short run, usually, the younger horse is the clear favorite. However, in long-distance races, a different rule applies – the experience of the horse and its previous successes decide a lot here.
  • Rest between runs. Before placing bets, the player must know how far the horse will cover and how much time it will have to recover. For sprinting, the optimal length of rest for a horse is in a month, but for long distances, too long a break is rather a negative factor.
  • Jockey weight. On average, a jockey weighs no more than 60 kilograms. However, there are exceptions – these are beginners. Therefore, if the player knows the weight of the jockey, then he can indirectly judge how experienced he is.
  • Since the racetracks where the races take place are always open, any changes in the weather can seriously affect the final result. This is often used by outsiders, and the leaders at the same time may be below the line of winners.

Thus, before placing bets, it is important not only to choose the right betting company but also to evaluate all the related factors that may affect the outcome of the race.

Horse Racing Odds

For betting on horse racing, bookmakers traditionally offer fairly high odds. However, it is important to keep in mind that they change dynamically, so experienced players try to choose the right moment to place the most profitable horse racing bet. At the hippodromes, there are several options for betting on horse racing:

  • AR – for long-term provisional rates;
  • EP – early coefficients, set after the approval of the list of participants (1-2 days before the start of the competition), are valid until the horses are taken to the courtyard of the hippodrome;
  • EP – board coefficients, are valid from the moment the horses are taken out to the courtyard and until the start of the race;
  • SP – starting, offered at the start of the race.

Some large betting companies offer favorable conditions for players: if bets on horse racing were made at an early or board odds, and the starting odds turned out to be higher, in case of a win, it is guaranteed to be paid out at the starting odds (guaranteed for better odds).

Kentucky Derby Betting

The Kentucky Derby is one of the major races in the United States. Today the Kentucky Derby is a real holiday for all of America.

The races are held at the Churchill Downs Racecourse in two stages: in May and November.

Equestrian competitions start a week before the Derby and continue until early July. The Kentucky Derby is traditionally held on the first Saturday in May. The season closes on a weekend at the end of November. The prize fund for the races is $2,000,000. It is considered not the most expensive, but one of the most prestigious. The running distance is 2000m.

Churchill Downs Racecourse is located on Central Avenue in south Louisville, Kentucky. This racetrack was founded by General William Clark’s grandson, M. Lewis Clark. He decided to revive horse breeding in America after a trip to England and France. The hippodrome was officially opened in 1875, at the same time the first races of the Kentucky Derby took place. Then about 10,000 spectators gathered to watch the races.

In addition to the Kentucky Derby, the racetrack also hosts the Kentucky Oaks, a mare competition.

Women jockeys were active participants in the races, and there were also many horse owners among women.

In 1908, an auto-tote was installed and the gambling part of the hippodrome business became more profitable. African-American jockeys played a big role in the victories. On June 5, 1907, a record was set when African-American jockey James Lee won all six races.

In 1986 Churchill Downs was declared a National Historic Landmark. Today, crowds of horse racing fans come every year to watch these famous competitions.

150,000 spectators sit on the racetrack and millions of fans watch the races on TV. In 2009, the North American Racecourse Regulars Association introduced a scoring system for 65 Thoroughbred Racecourses in North America. Churchill Downes was rated number 5 on this list.

On June 19, 2009, for the first time in the history of the hippodrome, night races were held, and in July 2010, the first HullabaLOU Music Festival was held.

Virtual Betting on Horses

Virtual horse racing is one of the most popular types of virtual sports. According to statistics, virtual horse racing bets make up about 25% of all horse racing bets. This is why betting sites strive to offer bettors high-quality virtual bets that recreate all the fun and excitement of betting on the racetrack in real-time.

Until a few years ago, the visual quality of games was not very good. However, today, thanks to the development of modern technology, players have the opportunity to watch high-quality graphics that make the image very realistic.

Many betting sites offer players amazing virtual racing games, which at first glance are even difficult to distinguish from real sports.

Due to restrictions associated with strict licensing agreements, bookmakers cannot simulate virtual races on real racetracks. However, many companies have developed virtual tracks that perfectly recreate the atmosphere of a real racetrack. The horse races perfectly mimic the camera angles used by journalists during live horse races. In addition, virtual races even allow you to track the position of the horses during the race so that players can follow the progress of their choice.

Online Horse Racing Betting Picks

Horse Betting Apps

Today, many betting companies that offer horse races for sports create their horse racing betting sites and separate applications for this sport. Most often, applications are created for two systems – Android and iOS. Help. With these applications, players can not only place bets but also track statistics for each horse, as well as view information about previous races and upcoming races.

Among the most popular European Horse Racing Betting Apps in 2022 are the following:

TVG – This app is one of the best horse race betting apps in America. It specializes in a horse races. In some states, greyhound racing bets are also available to players using this app. The app is quite easy to use and offers a good number of different tracks and consecutive races.

The application also allows you to watch live broadcasts and track race statistics. All new players receive a welcome bonus of 50% on their first deposit up to $250.

Twinspires – This application offers players a large selection of races from over a hundred different tracks around the world. Players can follow live broadcasts online. In addition, all new users receive a $200 welcome bonus after the user spends $800 on the app.

Xpressbet – It is one of the best horse race betting apps because it offers players the to bet on over 300 race tracks around the world. Most of the races on these tracks are available on the app’s streaming service. Upon registration, each new user receives a $125 bonus. The peculiarity of receiving a bonus is that it is credited at $25 for every $100 spent on the application.

BetAmerica – BetAmerica is considered by many users to be the most thoughtful application of all operators. This application is exclusively dedicated to horse racing. Users can also sign up on the company’s website to receive a $50 free bet welcome bonus. The bonus for new customers will be available after the player wagers $50 on the site or app.

Nyra Bets – The application offers players quality streams and various betting tools. In addition, there are a large number of tracks and races, as well as a welcome deposit bonus of up to $ 200 for new players after that. The bonus will be available after making the first deposit.

FAQ

How does horse betting work?

Horse racing betting can be done in two different ways - either in person or online. Regardless of where you place your bet, there are plenty of straight and exotic bets that can be placed on any horse race. To bet on horse racing, you need to study well not only the horse and the jockey but also the track and weather conditions - as any changes in the weather, as well as the surface of the track, can affect the final result of the race.

How do horse betting odds work?

Usually, the odds of a horse taking a spot are ¼ of the price the bookmaker is offering for winning the race. However, in some cases, depending on the specific bookmaker and the size of the field, this value can vary from ½ to 1/5 of the bet.

What does place mean in horse betting?

In racing, a horse must finish in the top two, three, or four in a particular race. If the selection you bet on is among these places, you will win. As a general rule, in major races, a horse must finish in the top three, but in some smaller races, it may be necessary to finish in second or even first place.

What is a key box in horse betting?

In betting on horse racing, as in other sports, it is important to conduct deep preliminary analysis. It is he who will help you most accurately determine the possible winner. Players must read the race card well and be able to determine the potential winner in it - because the amount of your winnings directly depends on this. It is also worth relying on additional factors: the dimensions of the horse, the statistics of the jockey, weather conditions, and many others.

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