Tutorial on horse race betting basics

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You must place your bet before the start of the race. Horse race betting odds change rapidly in the run-up to the race. Your online betting site should allow you to take the price when you place the bet, so you know exactly how much you could win, or choose to take the starting price, which is whatever the odds are when betting closes at the start of the race. Horses are placed in the order they cross the winning post and the number of places depends on the number of horses taking part in the race.

Reading the form can seem a little daunting at first but it is quite easy to learn. The form is shown as a horizontal line of numbers for each horse. Each number represents a race, with the most recent to the right. The numbers represent where the horse was placed in each race. Another strategy for horse race betting is choosing the right type of bet. If you place a straight bet to win, you get nothing if the horse comes second or third.

An each-way bet is actually two bets, one bet to win and one for a place. An accumulator a double, treble etc. It is possible to make a big return on a small stake with an accumulator, but unless all your horses win you get nothing.

A better strategy is to use one of the many multi-bet options which cover all outcomes. These multiple bets break down in a large number of bets which allow you to bet on up to six races in one go. Because these bets cover all outcomes, you still win something even if not all your horses do.

The odds give a reasonable indication of which horses stand a chance of winning. Use a multi-bet option to maximise your chances of winning with relatively low stakes and the possibility of a big win. Remember that long odds mean the horse is unlikely to win. An each-way bet on a horse with mid-range odds is probably better than a punt on an outsider. Horse race betting odds can be compared at odds checker websites which compare the odds on each race from multiple online and high street betting platforms.

Enthusiasts will note not only the number of wins or places but also the particular racecourses and conditions a horse seems to favour. The object with these wagers is to pick horses in the correct order of finish: exactas top two finishers in order ; trifectas top three finishers in order ; superfectas top 4 finishers in order or Hi 5 top five finishers in order. As with multirace bets, many players include multiple horses in these bets to improve their odds of collecting.

But if you select the 1 horse, the 4 horse and the 7 horse, they must finish in that exact order or your ticket is a loser. By boxing the trio, you are ensuring that you will win if they finish in the top three, no matter what the order. Keying horses, on the other hand, means narrowing the field in some placings in order to be able to spread out in others.

For example, a player might decide to play a 10 cent superfecta in a race where two contenders appear to be head and shoulders the best in the field. By using those two horses in the top two placings, the player can use the remainder of the horses in the third and fourth slots, potentially triggering a solid payoff if the top two finish one-two and long shots come in.

Multihorse wagers usually work well when you have a horse you have faith in to win and can build tickets around that runner. Exchange horse wagering strategy Exchange wagering, also known as spread betting, is a relatively new wagering system that has more in common with stock futures trading than with the traditional parimutuel and fixed-odds systems used in horse racing. Providers of exchange betting essentially remove the racetracks or bookmakers from the equation and match players who take opposing views of the expected outcome of a race or races.

Once the two sides agree on a wager and an amount, the provider holds the money until the bet is decided, then pays the winner minus its commission. As Investopedia. You can actually close the bet at any time and take home the profits or limit the losses.

Or you could part with some of the investment to hedge against an unfavorable outcome in the second leg. Either way, you have either guaranteed a profit or at least limited a potential loss. If you are new to exchange wagering, many experts also recommend that begin by laying money against heavily bet favorites that you think are vulnerable, as you should be able to collect in the neighborhood of if the horse does not win.

Betting on jockeys Blindly betting on top riders is a quick route to the poorhouse, as even the best usually win about a quarter of the time and post negative returns on investment ROI over the long run. Studying the relationships between trainers and jockeys and the proclivities of riders can uncover profitable betting situations on a regular basis. A query like that may show that backing a rider in that situation returns a long-term positive ROI — not guarantee that he or she will win today, but information that other fans may not have at their fingertips.

Others may be overly timid or patient and almost always assume a position near the back of the pack in hopes of mowing the front-runners down late — a strategy that is more likely to bear fruit in turf racing than it is on dirt.

This is an area where I like to keep my own notes for comparison to the statistics obtained through one of the tools described above or the many other services that produce similar data. My last recommendation is to pay close attention to the top riders on a given circuit, as they typically have the best understandings of how a racetrack is playing on a given day as well as long-term trends that favor a given running-style at a particular distance.

That may give you an advantage when horses that were stuck on the inside on that day return on a fairer racetrack. As for longer-term trends, a top jockey might have realized that a high percentage of horses with speed that are drawn inside are winning most of the one-mile dirt races at a given track.

These riders will make getting to the rail in front in the early stages of a race a priority, sending a signal to attentive horse handicappers in the process. Another interesting scenario that can be productive from a betting standpoint occurs when a top rider lands on a long shot. These jocks often have their pick of several mounts in a race, so the fact that he or she is riding an outsider today is often worth additional study.