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Horse Race Betting Strategy - Sports Betting on Horse Races for Beginners - A Tutorial
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A select few European outlets still use decimal odds, but you will rarely come across these as a US bettor. There are two main types of horse racing wagers: straight bets and exotic bets. These cover everything but futures bets and specials, which are limited to overseas books and are typically only available for the biggest races on the calendar. Horse Betting Straight Wagers There are four kinds of straight wagers in the horse racing betting world.
If the horse wins, you win, and if the horse loses, you lose. If that pony wins outright, you receive all of the Win, Place, and Show amounts. If the horse finishes in 2nd, you get the Place and Show amounts. If the horse finishes in third, you get the Show amount.
The more chances a given wager gives you to win, the more expensive that ticket is. Where this really comes into play is with exotic bets. Horse Racing Exotic Wagers Exotics are akin to parlay bets in sports wagering. Essentially, you are wagering on multiple horses and multiple outcomes, all on the same ticket. If you want to make big money with your horse racing bets, exotic wagers are what you need to stick to.
Vertical exotics refer to wagers that cover multiple races on any single day at a given track. Horizontal Exotics The main horizontal exotics are the exacta aka perfecta, in some markets , trifecta, and superfecta. You can also box an exotic wager with more horses, but again, this increases your chances to win and therefore costs more to place the bet. As there are six possible winning outcomes, you will pay six times what a single exacta ticket would cost. The more horses you box, the larger the price of the overall wager.
Trifecta — A trifecta is exactly like the exacta above, except that you are picking three horses to finish in 1st, 2nd, and 3rd, in the exact winning order. Additionally, the betting public is the deciding factor regarding the odds and not the oddsmaker. The bettor has to pick one horse that would win the race. If the horse wins the race, he wins the bet and vice versa.
There are no grey areas to the Win bet. Place Bets Place bets require the bettor to predict the horse that would finish either first or second place. If the prediction is correct, the bettor gets the Place dividend. Show A show bet is quite similar to a place bet. Also, due to the difficulty surrounding a Win bet, the Show bet has the greatest chance of winning. Here, the bettor's horse has to take either first, second, or third place to win the bet. Each Way Bet Each way bet is secure to back a horse in major competitions.
Here, the bettor has the opportunity to pick a horse that would either be first or finish between 2nd and 5th place. Technically, the bet is placed on two conditions, and so is a combination of the "Win" and "Place" bets. Exotic Wagers Now, let's proceed to the Exotic wagers. These are easier to miss or harder to hit than the win, place, show, and each-way stakes.
Here, bettors can make, on multiple ponies, multiple bets in one. Ideally, these wagers require a high level of expertise and knowledge. Exotic bets are divided into Single-race exotic and Multi-race exotic. Exacta For an Exacta wager, the bettor would predict two horses to finish first and second in the race.
The horses must finish in the exact order that he predicts to win the wager. This bet type is more difficult but has a better payout than Win, Place, and Show. However, players have the option of a "box" wager. A boxed bet wins regardless of what order the horses finish. Quinella Quinella is less common among bettors but is very much available. The bettor selects the top two horses to finish first and second in any order.
Trifecta With Trifecta, you would find another layer of complexity. This particular wager requires the bettor to select the top three runners in the exact order. The complexities and difficulties are responsible for its higher payout. With that, regardless of what order, between 1st to 3rd your horses take, you'll win the bet. But this also increases the cost of the wager.
Superfecta The Superfecta is one step further from the Trifecta wager. Here horse bettors have to accurately predict the top four runners. Essentially, this combination is challenging to hit, so it comes with a low wager amount. Horseplayers can also box this wager type at an additional cost. Super Hi-Five Can you attempt to predict the top five finishers? If yes, you should try the Super Hi-Five wager.
Super Hi-Five requires that players select the first five-horse runners. If the prediction is accurate, you'll win the bet. Double The Double wager is also referred to as the Daily Double wager. It is a simple wager that spans multiple horse races. The requirement is the horseplayer has to predict the winner for back-to-back horse races. In essence, he picks the runner to win two races.
Pick 3 This is a straightforward wager like the name implies and quite similar to the Daily Double wager. Bettors pick three winners of three straight races. Pick 4 Pick 4 is a very popular Exotic wager. It is a prediction for four consecutive races back to back. Pick 5 The Pick 5 wager is a back-to-back prediction for 5 consecutive races.
Of course, it becomes more difficult with the number increasing, but it does come with an incredible or greater payout. In addition, special bonuses like a jackpot are given to players who can come up with such predictions. Pick 6 This bet type is similar to the Pick 5 but for 6 consecutive races. This is the biggest wager you can make on a horse race. If you win, you'll be smiling to the bank.
Also, there are lots of Pick 6 wagers that come with a jackpot bonus award. Virtual Horse Racing Betting Virtual horse racing is a simulated horse betting game that involves bettors placing wagers on one, two, or more horses on a racetrack. The game usually comprises 6 - 8 horses and jockeys. The biggest peck to virtual horse racing betting is its availability to punters every day.
Wagering on virtual horse racing is quite different from betting on the usual horse racing. Virtual horse racing does not have any real-world presence. Virtual horses do not look like real horses. So you won't find Justify or American Pharaoh in the stables, fair enough. To understand it better, you can see it like a horse-themed lottery that permits players to carry out traditional horse bets and horse racing picks.
The bet types include winner, forecast, tricast, place, show, reverse forecast, and more. How Virtual Horse Racing Betting Works The mechanics behind virtual horse racing are not different from roulette, slots, or poker. It is entirely random in every aspect. Betting styles are linked to Random Number Generators that generate unpredictable virtual horse racing outcomes. The house decides how much cash its virtual horse racing games return to users; still, the results are without pre-arrangements.
As mentioned earlier, it is best described as a lottery. The RNG picks a lucky ticket to win the race. Although the choice is not regular, the system would easily choose a favorite instead of a long shot. Ideally, the favorite has lots of tickets located in the drawing. The virtual race bets are conducted in a fixed odd style. Not the usual pari-mutuel format. In essence, the betting odds are set by the operator, not the market forces. Players can't get an edge in virtual horse racing betting.
It is pure gambling where you could either win or lose. Betting sites that allow virtual horse racing includes: BetMGM Casino Beyond virtual horse racing, you can enjoy greyhound racing. Inspired Entertainment developed the games. Newbies get to enjoy exciting bonuses to explore the BetMGM.
Caesars Casino Caesars casino partners with Inspired Entertainment games to provide the latest generation games for users. Another perk to its gaming is the generous bonus offers, especially for new players. DraftKings Inspired Entertainment is responsible for its games collection. Bettors get to explore greyhound racing betting, virtual horse racing, and a couple of interesting virtual sports. In addition, selecting DraftKings gives you access to an exciting deposit bonus as a first-time user.
Golden Nugget Casino Golden Nugget Casino offers virtual horse racing betting in addition to greyhound racing betting. Inspired Entertainment provides the games. Newbies are welcome with a generous bonus, and existing members are also eligible for promos and rewards. This means it is not classified as horse racing betting or sports betting. It stands alone. This distinction is important in knowing where to play virtual horse racing betting.
Virtual horse racing betting is only permitted in US states where online gambling has been licensed or permitted. Examples are New York , Pennsylvania , and more. If online gambling is not permitted in your state, you will not access this online gambling product.
However, it is possible that you can access horse racing betting. Kentucky Derby Since , the Kentucky Derby event has taken place in May and is easily voted as the US's most prestigious and famous horse race event.
Many Americans attend each event, making it the most attended horse racing event in North America, essentially the US. Furthermore, it is nicknamed "the run for the roses" or "the fastest two minutes in sports. Preakness Stakes Preakness Stakes is an exciting thoroughbred horse race event loved by horse racing enthusiasts.
The first run of Preakness Stakes was in Attendance is awesome and ranks second in North America, only surpassed by the Kentucky Derby. Belmont Stakes This is an American Grade I stakes horse racing event for three-year-old thoroughbreds. Fans refer to the event as "the test of the champion" and "the run for the carnations.
This event is included in the American thoroughbred racing list as having top attendance. In , the event will commence on Saturday, June Breeder's Cup Limited operated this annual thoroughbred horse racing event in There are 14 championship races associated with the dynamic event. To know the distance, you would need to see individual races. The attendance has been known to depend on the host track. It is also referred to as the "midsummer derby'.
The thoroughbred event was first conducted in , and so is the oldest significant stakes race event in the US. New York is where the event takes place.
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