For centuries, horse racing has been one of the most popular forms of entertainment and sport. Horse races are highly anticipated events in many parts of the world. It is a very simple concept. However, there is so much more to it. There are, of course, lots of people who love the competitive nature of the sport. Most other people love it because of its reputation as a leading source of income. That is, through betting.
For the longest time in the sport’s history, it has been synonymous with betting. Many of these horse races were organized entirely because of the wagering activity that accompanied them. This is still the case even today. Things have changed quite a bit though especially with the advent of the internet and modern technology. Now there are more people with access to horse races and horse race betting than ever before.
How to Bet on Horse Races
The first step as with any kind of betting is to know where to place your wager. Thankfully, there are a couple of options for this. The first option is the horse racing tracks themselves. If you are close to or can access a race track, they are arguably the best places to dive into the horse racing and betting experience. Like brick-and-mortar casinos, they offer a ton of action especially with regards to a lively environment. Some even have simulcast areas where fans can watch and wager on other tracks’ races.
The next option is the off-track betting facilities. There are not as many of these as there used to be. Still, for those who prefer those kinds of settings, off-track betting spaces can be great.
The reason why off-track betting facilities are not as popular anymore is the internet. This brings us to the third option for horse racing and betting lovers – online racebooks. Today, finding, fans can access dozens or even hundreds of amazing horse racing betting sites. They not only strive to deliver the best of what tracks and off-track sites have to offer but also throw in some impressive extras. These include bonuses and promotions, more betting markets, loyalty programs, and lots of bet types.
Picking where to place your horse race bets comes down to personal preference. With that out of the way, the next step is to place your bets. This is straightforward and there are always people to help you out regardless of where you are. All you need to do is provide certain information. Here is a step-by-step breakdown of that process:
Step 1 – Choose or state the name of the racetrack
Step 2 – Choose the number of the race you are betting on
Step 3 – State the currency unit of the bet you are placing
Step 4 – Pick the type of wager/bet you want to place
Step 5 – Place the wager and wait for the outcome
These should apply across the board. In most, if not all cases, it won’t matter if it is a flat race, a jump race, or a harness race.
Types of Horse Race Bets
One of the things that many bettors live about horse race betting is the options available to them when it comes to the kinds of bets they can place. This means they can mix it all up to optimize their chances of winning. It could also increase the amounts of money they end up with if they win. There are two main categories of horse race bets: straight bets and exotic bets.
There are three kinds of straights wagers namely win, place and show bets. A win bet is where you select a horse you think will win the race. If it wins, you win. A place bet wins if the horse you select finished the race in the first or second positions. A show bet is where the bettor wins when the horse wagered on finishes in the first, second, or third positions.
If you are looking for an even more exciting experience, exotic bets are what you need. They are designed to be very risky lottery-style wagers. However, the returns are very enticing. Bettors can turn a relatively small amount of money into a huge win. Popular options include quinella bets where the bettors wager on two horses in the same race to hit the first or second place. Exacta, another exotic bet, requires the bettors to choose the horses that will get first and second place.
There is also the trifecta which extends to the first four finishers in the horse race. A superfecta takes it even further to the first four finishers. Other options are the Daily Double where you pick the winner of two consecutive horse races. Pick 3 and Beyond is where the bettor picks the winner of three consecutive races or more.
Making the Most Out of Horse Race Betting
Horse race betting is not exactly a complex wagering game. Despite that, bettors can still incorporate a strategy to make the experience better. It could also increase their chances of winning. The best strategy will involve standard practices such as proper bankroll management and research. It is important to stay informed and make sound decisions.
Researching helps you shop for the best odds across different platforms. Some online racebooks offer amazing odds. You do not want to miss out on those. Experimenting could also come in handy if you are open to it. Yes, being informed is great but sometimes the best experience comes with trying new things. You can try out different types of bets. Sometimes even allow you to combine several kinds of wagers.
Most importantly do not forget to have fun. That is the main goal after all.