Betting On Thoroughbred Horse Racing

If you are interested in horseracing, you have almost certainly thought of placing some bets yourself on your favorite horses. Horserace betting has been around for a very long time now and it’s something which everyone can get in on. However, before you risk your own money on the outcome of a race, you should learn a little more about the different kinds of horseracing bets - this will help you to make bets which are more consistently winners.

The idea behind betting on horses is simple enough - the winner takes it all. However, there are different types of horseracing bets, which fall into two broad categories: straight and exotic bets. To learn more about how these bets work and placing well considered wagers, read on!

WIN BETTING - You bet on a single horse and if this horse comes in first, your bet will pay off.

PLACE BETTING - You will place a bet on a horse coming in place position (second). If your horse finishes the race in either the first or second position, then you can collect on your bet. You won’t make as much as you would from a win bet, but your odds of placing a winning bet are increased.

SHOW BETTING - here you place a bet on your horse to finish in the third (show) position. To be able to cash in your ticket, your horse has to finish first, second or third. The payoff would be less than place betting or win betting payoffs, however, it does offer you the feature of added security.

WIN PLACE BETTING - In a win place bet, you bet on a horse taking the first or second position. If the horse you have bet on comes in at first place, you will get the win payoff as well as the place payoff. If your horse is in place position, then you get the payoffs for place and show. While you’ll of course want to see your horse come in as a winner, you will make some money whether they place first or second.

ACROSS THE BOARD BETTING - With across the board betting, your horse will have to come in first, second or third in order for you to collect on your bet. If the horse you have placed your bet on comes in first, you’ll be able to collect on win, place and show payoffs. If they come in second, you can collect the place and show payoffs. If your pick is third, then you will still get the show payoff. This way, you will at least recoup some of your bet even if your horse comes in third place.

Exotic bets come in two varieties: intra-race bets and multi-race bets. In an intra-race bet, you wager on multiple horses in one race. With a multi-race bet, you bet on horses which are competing in consecutive races that are on the same ticket.

When you know how the different kinds of bets work, you’ll be prepared to try your hand at horserace betting. It’s a game of chance, of course, so you can win or lose - never bet more than you are comfortable with losing. If you know how things work and have solid information though, you’ll do better at placing some winning bets. There’s no time like the present to get started, so get to the track and make your wagers today!