A POCKET GUIDE TO ONLINE HORSE RACING BETTING
Whether you’re an experienced gambler and follow the latest Preakness Stakes bets or you’re just starting out, betting on horse racing can be a great way to have fun and potentially make money. And thanks to the Internet, it’s now easier than ever to get involved.
However, as with any form of gambling, betting on horse racing involves some risk. That’s why before you start betting, it’s important to do your research and understand the ins and outs of online horse racing betting.
Luckily, we’ve put together this handy guide that covers everything you need to know. From the different types of bets to the potential risks, we’ve got you covered. Here we go.
DIFFERENT TYPES OF HORSE RACING BETTING
There are many different types of horse racing bets, each with its own odds and payouts. The most popular bet is the win bet, which is simply a bet on which horse will come in first place. The odds of winning are usually around 1 to 2, meaning that if you bet $2 on a horse with odds of 1 to 2, you will win $1 if that horse comes in first place.
The second most popular type of bet is the Place bet, which is a bet on whether a horse will come in first or second place. Place odds are usually around 1 to 4, which means that if you bet $2 on a horse with odds of 1 to 4, you will win $1 if that horse takes first or second place.
The third most popular type of bet is the Show bet, where you bet on which horse will take first, second or third place. The odds for a Show bet are usually around 1 to 8, so if you bet $2 on a horse with odds of 1 to 8, you will win $1 if the horse takes first, second or third place.
There are many other types of bets, such as Exacta (a bet on which horses will take first and second place), Trifecta (a bet on which horses will take first, second and third place) and Superfecta (a bet on which horses will take first, second, third and fourth place).
These bets tend to have much higher payouts than the more popular bets, but they also have much higher odds.
WHAT ARE THE TIPS FOR SUCCESSFUL ONLINE HORSE RACING BETTING?
If you want to be successful in online horse racing betting, follow these tips.
1) Make sure you have done your research and know the horses, trainers and jockeys.
- Be aware of the different types of bets you can place and what the odds mean.
- Set a budget and stick to it. Never bet more than you can afford to lose.
- Spread out your bets so you don’t put all your eggs in one basket.
- Don’t get too emotionally attached to any horse – remember that anything can happen on race day.
COMMON MISTAKES TO AVOID WHEN BETTING ON HORSE RACING ONLINE
The most common mistake made by most horse race bettors is a lack of research. It’s important to learn as much as possible about the horses, trainers and jockeys before placing a bet.
Another mistake is not looking for the best odds. Odds can vary widely at different bookmakers, so it pays to check them.
Another common mistake is getting caught up in the hype surrounding a particular horse or race. Just because everyone is talking about a particular horse doesn’t mean it’s a sure thing.
Do your own research and make sure you are comfortable with the bet before you place it.
