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Your guide to Online Horse Betting
Horse racing is a very popular sport for millions of people around the World. It is a tradition in countries such as the USA, where its popularity grew over the centuries leading the passion for horse racing betting as one of the most popular ways to bet offline and online.
As the technology went forward, betting has become more accessible to wider range of people, especially the ones always on the move.
With growth of the online world in fact, greater number of people has started enjoying horse betting. If you are interested in learning more about it, we are going to mention what types of bets you can make in the horse betting world.
Horse Racing in the USA – The betting terminology
Like in all the other types of sports, there are various types of bets that you can make. It might sound a bit complicated at first but after having placed a couple of bets yourself, you will easily know what types of bets you like the most.
Now let’s go over the different betting types that you are going to have fun with.
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Horse Racing Bets: Win, Place and Show
These are the most common types of bets in horse racing betting. We will briefly explain each of them and then move onto next types of bets.
Win bet stands for betting on one horse to finish first. As guessing this has low chances, potential winning sum is quite high.
Place bet means that the horse you have picked can finish either first or second. In both cases, your bet is a winning one. However, the amount of money that you win becomes reduced.
Show bet is for those who like taking the risk least. This bet will win if the picked horse is in first, second, or third place. As the chance of winning the bet is highest of these three options, the winning reward is lowest.
Now that you know basic bets that you can make, it is time to move on to Exotic bets, which are also known as combination wagers.
Horse Racing Exotic Bets
There are plenty of different exotic bets. These combination wagers allow you to have more fun with horse racing betting. Additionally, these types of bets can be much more rewarding, as the odds start stacking up. Let’s take a look at the most popular exotic bets that you can make.
1. Across the Board
This bet encompasses all the three above mentioned bets into one. This significantly increases your chances of making a winning bet. In case that the horse finishes 1st, you win all of the three bets. In case the horse you’ve bet on is 2nd, you win two out of three bets. Logically, if the horse is 3rd, you win one bet.
This is a type of bet that many people like taking. It is a prediction of which two horses are going to take the 1st and the 2nd place in the race. If you guess this correctly, you win the bet.
All you have to do with this one is pick 2 horses. As long as both of them end up in 1st or 2nd place, you are going to win. Unlike with exacta, you don’t have to guess which horse is going to take which place.
With this bet, you get to pick three horses and guess which is going to be 1st, 2nd, and 3rd, in the correct order. If you make the correct combination, you win the bet.
Like with trifecta, you goal is to correctly guess which 4 horses are going to take 1st, 2n, 3rd, and 4th place.
6. Daily Double
This is an interesting bet that many people like making. Basically, all you have to do is pick horses that are going to win in two separate races. If your prediction is correct, you get to win the bet.
7. Pick 3
Same like with daily double, but instead of picking two winner, you get to pick 3 for this bet.
8. Pick 4
Principles of pick 4 are that of daily double, but with 4 races, instead of 2 only.
9. Pick 6
This is the biggest bet available in horse betting. If you manage to guess the winners of the 6 consecutive games, you win the bet. Those who manage to achieve this win quite a big sum of money.
When is a horse racing bet settled?
Knowing when to celebrate is very important. Just because your horse has won does not mean that the race was illegal. Therefore, always wait for the results to become official, and the game is declared official.
We hope that you are now more familiar with horse racing betting. Explore our site, as there are plenty of different horse racing brands where you can register.
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