Basics of horse racing betting

Basics of horse racing betting are the rules and intricacies of betting at the racetrack. A comprehensive understanding of these fundamentals will help you to be more successful at wagering. Sometimes it may be quite confusing particularly if you’re a new bettor. To bet wisely one has to know how to place a bet and even the lingo used to do it!

Simple rules regarding horse racing include how to place the bet. You should state the type of bet, the quantity of the bet and the numbers of the horses you have selected/want to gamble on. The program or racing form is usually available at the racetrack. These betting guides provides you with all the information and data on the horses, and the particular race!

The equine must complete in the first position for a “win”, in the very first or second position for “place” and in the first, second or third position for “show”.

A “Daily Double” bet indicates that you have to select both winners of races that are run one after the other.

“Exacta” means that horses should complete in the first and second place in the exact order you have bet on them, whereas “Quinella” means the horses can finish in the first and second devote any order.

The “Trifacta” bet means that you have to select the first, second and third horse in exact order.

The “Superfecta” means the first, second, third and fourth horse in the exact order has to be selected. “Pick 3, Pick 4 and Pick 6” bets would mean that you have to choose all the winners of the first three, four and six consecutive races, respectively.

Horse racing betting guidelines; help the bettor to be savvy enough to place a smart bet. The main aim of betting at the racetrack is to ensure you beat the “oddsmaker” and win a pile of money! Added to this, is to enjoy the thrill and excitement of betting on a horse and seeing it win!

Most betting is done through bookmakers and Sportsbooks that accept your bets. This betting is done either by yourself at the racetrack or online. Betting can also be done over the phone. Sportsbooks only accepts the bets however the oddsmaker is the one that sets the odds. Winning when the odds are high indicates that you’ll make a good profit. A skilled handicapper will look for the “longshot” or and “outsider” � a horse with very high odds that is not tipped to win!

Betting online is very convenient and one offers the benefit of saving time and energy as you can do so from the comfort of your home. Other gambling systems include pari-mutuel betting in which the racetrack deducts a fixed percentage of all the bets that are placed, which is called the “track take”. The money that is left is divided among the rest of the bettors.

Fundamentals of horse racing betting will tell you that a free horse racing calculator can be downloaded from the internet to work out essential data like the returns on the horse in a particular race. Nowadays, racetracks are using gambling slot machines to generate money that will help towards paying the winners.