Horse betting odds spread
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Finding the best horse betting odds means that when you win, your bet will pay out more than if you had placed a wager at the first sportsbook you found. Online vs. In this case, that choice is a key to bigger wins.
Comparing horse racing betting odds means you can get the best deal possible. Visiting multiple websites or using this odds comparison tool online will help you quickly identify the best odds. You can use a tool to find the best odds, instead of accepting the only offer in front of you.
The first organized races were run at Newmarket in the UK in the s. The king himself, King James I, owned several racehorses. Owning and betting on horses was a popular pastime for the upper levels of society. Other racecourses opened around the country, and the popularity of the sport spread to the masses. That meant spectators now took part in betting, and bookmakers stepped in and facilitated the placing of wagers on different horses. In this form of betting, the horse racing odds are set by the bookies.
By the time horse racing betting spread to the U. That means that odds are set by the betting public and not by the bookmakers. Perhaps that is why horse racing betting remains legal in many U. Horse racing odds can be displayed in three different formats.
Most online betting sites will have a default way of displaying their odds but will give customers the option to change how the odds are shown. At a British sportsbook, you will most likely see fractional odds. As the name suggests, these odds are presented as a fraction.
That is a bet that pays double the original stake if you guess the outcome correctly. Decimal odds are used in most of Europe and are becoming more common. Odds will be displayed using a decimal point. For example, odds 9. A decimal evens bet is shown as 2. A track oddsmaker sets the morning line odds for every race to reflect how he believes the public will bet. After the morning line odds go live, racing fans can view the upcoming race and start to get an idea of which horses will likely emerge as the betting favorites and which will be the longshots.
The morning line odds are usually reflective of the relative strengths of each horse, but the oddsmaker is not handicapping the race. My goal as the morning line maker is to predict how the public will wager on a particular race. A good oddsmaker can glance at past performances and determine on which horses the majority of racing fans will wager the most or least amount of money.
Usually, horses with recent high speed indexes and consistent in-the-money finishes will receive much wagering attention. Local horses are usually better supported than horses coming in from other tracks. Decimal Horse Racing Odds In some parts of the world, horse racing wagers are displayed in the decimal odds format. Decimal horse racing betting odds are even easier to read than fractional odds. The decimal format displays exactly how much money you stand to win in relation to your wager.
Multiply your intended stake by the decimal and the result will tell you the total payout including the return of your original wager. Even money odds in the decimal format are displayed as 2.
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