Horse racing is an exciting endeavor, especially if you get to watch it live. The US is known for many beautiful and exciting horse racing tracks, and your experience can become even better if you manage to place a winning wager during your time there.
At first, horse racing betting terms can be intimidating for those who are new to sports betting. However, it doesn’t take much to understand the numbers that betting websites publish. But before you learn more about the ten terms often used in horse racing, it’s best to know how oddsmakers determine each horse’s chances.
Essential Factors in Horse Racing Handicapping
Handicappers use four elements to determine a racehorse’s betting odds. “Speed” refers to how the horse ran the same race in the past or races with comparable distances. They also look at the “pace” or how they fare in certain portions of the race.
Oddsmakers also examine the horse’s “form” or performance throughout its most recent races. They give it a higher mark if it’s been doing well lately. Finally, “class” pertains to the level of competitors it had throughout its last few races. Considering these details leads to more accurate handicapping, enticing enthusiasts to place more bets.
Ten Important Horse Racing Betting Terms
Win – When you place this type of bet, you will get a payout if your chosen horse wins the race. Simply placing a wager on a horse to win is by far the most popular venture for newcomers to online sports betting sites, mainly because it’s the easiest to understand.
Place – You get more chances of winning here because you get paid if your chosen horse places first or second.
Show – The bookmaker pays you if your horse places first, second, or third. This bet is ideal if you would like to get your feet wet in horse racing betting.
Across the board – This betting option increases your winning odds. It’s placing equal wagers on Win, Place, or Show. You win all bets if your horse finishes first. You get paid for Place and Show bets if your horse finishes second. Finally, you get a payout from the Show bet if the horse is placed third.
Exacta – You must choose two horses for this bet. You win if they finish first and second in the same order you chose them. This bet is a great way to increase your winnings immediately.
Quinella – You still have to choose two horses for the quinella. You win if they both finish either first or second.
Trifecta – This time, you must select three horses. You win if they place first, second, or third in exact order. Imagine the winnings you can get by pulling off this bet, given how difficult it is to predict the podium finishers.
Superfecta – It’s the most challenging bet to pull off because you must select four horses. You can win if they placed first to fourth in the same order you had them finishing.
Daily Double – This bet entails you choosing one horse per race out of two races. You win if they both place first. However, you must place your bet before the earlier race starts.
Pick 3, 4, 5, 6 – The principles of these bets are the same. So, it’s best to put them under one category. For Pick 3, you select the winner for three races. Pick 4 means you choose four first-placers, and so on. If no one hits the Pick 6 bet, those who hit five winners will share 30 percent of the Pick Six pool. The remaining amount will be carried over to the next racing day.
How to Pick The Best Online Horse Racing Betting Platform
While limitless options are available, choose the horse racing betting platform that protects your personal information through SSL encryption. They should also support your preferred mode of deposit and payment. It should not be difficult to contact them when problems arise with your account.
It also helps if they have a mobile platform, making it easier to place horse racing bets at any time. Finally, select the platform that offers generous bonuses for deposits. If it’s still difficult to select the right bookmaker, reading online reviews may help narrow down your selection.