Horse race betting can be a complex process if you wish to increase your bankroll. The horses, competition tracks, jockeys and many other factors influence the winning bet for the day. It takes careful studying and analysis to be able to reach to a successful conclusion and be able to individual the contenders from the pretenders. For the novice this article will give you and description of horse race betting and some simple concepts to follow to win at the races.
Horse racing can be like mathematicsï¿½calculative. You have to take calculated risks before you go for the big kill. It is crucial to get your fundamentals right if you want to make some serious money.
There are several kinds of betting options popularly known as bets on the competition track. They can be described as below:
Win: In this basic bet the chosen horse needs to finish first for you personally every single child collect
Place: For this your horse needs to finish either on the first or second place
Show: Here the horse needs to complete either first, second or third for you to win
Exacta: In this wager you play two horses and both the horses should come in first or second place in the exact order as you’ve chosen. It is only then that you could collect your winnings
Exacta Box: In this betting choice, you select two horses just as as Exacta. However, they if come in either first or second order for you personally to be able to collect.
Trifecta: Again, similar to the Exacta program, here you play three horses instead of two and they need to come first, second and third in the exact order as you have chosen
TrifectaKey: Similar to the Exacta box betting, here you choose three horses. The difference lies that the horse you have chosen to win, called the key horse, needs to come first. The other two horses can come in either order, first or second.
Trifecta Box: You get to play three horses in this wager plus they can come either fist, second or third and you can win
Superfecta, Superfecta Box and Superfecta Key work on the same lines as the Trifecta series the only difference being that you choose four horses instead of three.
The minimum wager on tracks across America is USD$2. However in the case of multiple wagers you can bet as low as 10 cents on a few tracks.
When you place a bet at the tracks, all the cash goes into a common wagering pool. It is from this pool that the house takes their own cut for having to pay taxes and other expenses. After these expenses have been taken the rest of the money is handed out to the those who win.
After getting an explanation of horse race betting and understanding it, it is important that you make a betting plan. Now your agenda should be to understand the several betting techniques and get a hang of horse race handicapping.