What is horse racing betting?
People were involved in horse races before the casinos and lotteries. It is more profitable and fun to bet on the result of proper horse races. If you can tackle the odds and are aware of what you are doing, you can earn well from horse racing bets. If you are a newbie and wish to learn how it works, learn about the things that you want to give attention to, the procedure of placing the bets, tools for tracking, and your chances of winning, you are on the right page.
Horse racing bets are not a challenging procedure. In many situations, you would place the bet, get the ticket and tear the ticket when the bet does not give you profit. If you are skilled or lucky, you can take the ticket to the window to obtain the winnings. You are allowed to bet on a group of horses or a single horse.
Here is the step by step guide to starting on the betting procedure:
1. Mention the track’s name
2. Mention the race number you are betting
3. Mention the dollar unit
4. Mention the kind of wager
5. Mention the horse number you are using
6. Check the ticket before leaving the window
What are the tools you require to track the horse races?
It is important to carry your umbrella and sunscreen as you will be sitting on the horse track for long hours to track the game. Apart from this, there are certain items you should carry. Ensure to include binoculars to see how your horses reach the finish line. Other useful tools include:
Racetrack program: It contains information about the players. It looks like the baseball game program. The players are owners, trainers, jockeys, and horses.
DRF or Daily Racing Form: It offers complete information about the past shows of each horse that is active on the present day’s program. It also consists of instructive horse racing contents that were written by DRF staff.
Handicapping tip sheets: The handicappers who are participating at the racetrack publish these daily selections.
Public handicapper selections: It is necessary to fee a handicapper to perform daily horse selections if the off-track betting or racetrack is mentioned in the local newspaper.
Horse racing bets and categories
There are two types of wagers to select from when you are betting on the horses. They are exotic wagers and straight wagers. If you are a beginner, it is recommended to begin with straight wagers. It is the best option as it is cheap and simple. In this method, you need to select a horse that you expect to come in any of the first three positions. The cost of the minimum bet is $2 for the straight wager.
In exotic bets, you are permitted to do multiple bets on several horses within a single wager. It is challenging to win and more difficult than the straight wager. You need to have an advanced level of knowledge and skill in horse choosing. It is also very expensive. But the returns you obtain on exotic wager are much higher than the straight ones.
Let us discuss placing the bets in brief:
Straight wager: If you are a straight wager, then you should start betting on only one horse. Some of the things to keep in mind while betting are as follows:
Win: You begin betting a horse that you presume to win the race. If the horse completes the race first, you can collect the price rewards.
Show: You will be betting that the horse comes in any of the first three positions. As you are hedging the bets, there are high probabilities of winning. However, the payout or rewards for the show bet is less than the place or win the wager.
Place: If you are betting in terms of place, it means you are betting that the horse will come either first or second. You can collect the rewards when the horse comes first or second. The rewards for the place bet will be less than the winning wager. However, you have the chance to take some cash home when the horse reaches the first or second position.
Across the board: If you are betting across the board, it means you are betting for the horse to show, place, and win. Across the board is referred to as combo straight wager as it is three different bets but in one. As it is three in one, it is more expensive than the simple place, show and win wager. If the horse reaches the first position, you get the money for place, show, and win. In the same, if the horse reaches the second position, you would get the show money and place money. But in the third place, you would get only the show money.