This video that walks you through how to chose a horse using past performances and then read on for an explanation of the various betting options as well as some key betting terms to know. Across the board — A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways place, show ; and if third, one way, losing the win and place bets.
Exotic bet — Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4. Daily Double or Double — Type of bet calling for the selection of winners of two consecutive races. Exacta — A wager in which the first two finishers in a race, in exact order of finish, must be picked. Box — A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses.
Exacta box — A wager in which all possible combinations using a given number of horses are selected. For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order , , , etc. Trifecta — A bet in which the first three finishers must be selected in exact order. Trifecta box — A trifecta wager in which all possible combinations using a given number of horses are bet upon. Pick 6 or other number — A type of multi-race bet in which the winners of all the included races must be selected.
Overlay — A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds. Underlay — A horse whose odds are less than than his potential to win.
Betting horses whose odds are worse than fair value is a poor strategy. Class 7 — Handicap rating of Before placing your horse racing bets, you need to familiarise yourself with odds. We'll explain the basics below but for a comprehensive explanation you can read our ultimate guide to understanding how betting odds work.
Once you have an understanding of horse racing, the next natural step is to learn is how to read racing form cards. Racingpost cards, for instance, are a good place to start. A horse racing form card, or race card, has a deliberate structure and gives you information about each race. Being able to read a horse racing form card is, understandably, very important if you want to be successful.
Below we explain the different aspects of the card along with other factors you should consider before placing your bets. You can use the image below of a fairly standard online UK racecard as reference. These numbers are always displayed on a racecard in order of the amount of weight the horse is carrying.
The smaller number to the right of the horses number represents the draw that the horse has got in the stalls. The lower the number, the closer the horse will be to the rails which can be an advantage on certain tracks and distances. Below the horses NO. Form runs from left to right, with the oldest races on the left and the most recent on the right.
The second column displays the name of the horse along with the shirt known as silks that the jockey will wear. You will also see a number which shows how many days it was since the horse last ran and some abbreviations. This is the amount of weight the horse will carry including the jockey and the saddle as decreed by the conditions of the race. You may also see some more abbreviations depending on whether the horse is wearing or using any equipment.
This shows both the name of the jockey and the trainer of the horse. If a jockey has a number in brackets to the side of his name then it means he is an apprentice jockey and is claiming a weight allowance. The table below features basic going descriptions along with their abbreviations that you may come across. If you have never placed a bet on horse racing before, especially if you have never placed a bet online before, then the process may seem intimidating.
With that in mind, below is pretty much all you need to know about placing a bet online though do check out our full guide to this for more comprehensive information and tips. Set up an account — This usually requires you to fill in a registration form including details like your name, e-mail, and date of birth.
You will also be asked to choose a password for you to log in safely. Login to your account — Use that username and password to log in to your account. The specifics of how this is done depends on your chosen payment option, but it generally all boils down to providing a few details and how much money you want. If you have ever bought anything online, you should know what to expect here.
Select the event you want to bet on — Horse racing events should be easy to find on the sportsbook. There is usually a tab of current live events as well as a list of available sports. Go there, find the event you want, and select it. Select your market — Same process here but now you are choosing the actual market and horse or horses you want to back. Select them and they should be added to your bet slip. Finish the transaction — On your bet slip you just need to enter your stake , confirm your bet and you are good to go.
Hopefully, you have now got a sense of what horse racing is about, and you are ready to approach these markets with confidence thanks to our horse racing guide. But to do so, you will need to know what you can bet on. Here, we are going to break down the two main categorisations of horse racing bets alongside the actual markets.
These are thus called because they are the most straightforward option here. That makes them perfect for those of you who are just learning the ropes. Here are some examples of horse racing straight bets. To Win Bet — Exactly what it sounds like, back your preferred horse to win the race. They win, you win. Place Bet — Increase your chance of winning with a place bet. Here you win if your selected horse finishes in first or second place.
Show Bet — Same as a place but here your pick can finish up to third place. Each Way Bet — A slight variation on the place bet here you are essentially putting on two bets , one to win and the other to place, meaning there are different pay-outs for each result. Also known as exotic bets, system bets are a great deal more complicated than their straight bet equivalents.
They are, as the name suggests, a systemic, strategic approach requiring a wide number of different bets. Because they are so convoluted and because the number of bets involved often means they require high stakes , they can seem intimidating. However, when you break them down, they are quite easy to understand once you get used to the concept. With that in mind, check out some of the most popular system bets out there. There are a range of different wagers you can place when it comes to horse racing.
Below we'll explain each in detail. The UK is one of the best places in the world to bet on horse racing. Check out our detailed sports events calendar to find out when each race takes place. The Champion Hurdle is a Grade 1 National Hunt hurdle race, open to horses aged four years or older, that runs on the first day of the Cheltenham Festival. The race is open to horses aged five years or older. It is run over a distance of about 2 miles during which there are thirteen fences to be jumped.
The race goes off over around 3 miles and includes eighteen hurdles to jump. The Guineas Stakes is a Group 1 flat horse race in the UK that is open to three-year-old thoroughbred colts and fillies. It is one of Britain's five Classic races and the first to run each year.
The race goes off on the Rowley Mile at Newmarket over a distance of 1 mile and it is scheduled to take place each year in late April or early May. The race is run on the Rowley Mile at Newmarket over a distance of 1 mile and is open to three-year-old fillies. It is run at Epsom Downs over a distance of 1 mile, 4 furlongs and it is scheduled to take place each year in late May or early June.
It is the second oldest of the five Classic races and the third of Britain's five Classic races to be held during the season. Often called Blue Riband of the turf, the Derby Stakes is a Group 1 flat horse race in England open to three-year-old colts and fillies. It is run at Epsom Downs Racecourse over a distance of one mile, four furlongs and 6 yards on the first Saturday of June each year.
It is Britain's richest horse race, and the most prestigious of the five Classics. Established in , the St Leger Stakes is a Group 1 flat horse race that is run at Doncaster and open to three-year-old thoroughbred colts and fillies. It is run over a distance of 1 mile; 6 furlongs and yards takes place each year in September. The St Leger is the oldest of Britain's five Classics and the last of the five to be run each year. Horse racing is hugely popular the world over and UK bookies will offer prices for you to make a bet on some of the world famous races going off around the globe.
These include, but are in no way limited to, the following :. It is a metre race for three-year-olds and over and is held each year at the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival. The race normally runs on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. The race is an American Grade I stakes for three-year-old thoroughbreds and goes off over a distance of one and a quarter miles at Churchill Downs.
It is run at Longchamp in Paris over a distance of 2, metres and takes place each year on the first Sunday in October. After the Epsom Derby, the race is generally considered to be Europe's second most prestigious horse race. There are a lot of different things that can affect the result of a horse race. Here are five examples to help get horse racing betting explained more thoroughly and to get your critical thinking going.
The kind of race you are watching has a massive impact on all the horses involved. Usually, horse trainers will stick to a certain kind of race but the lengths involved in particular will impact the results of the race. To put it simply, some horses are better suited to some races more than others. Some horses are specialists in certain conditions, while it can spell disaster for others.
Perhaps the most important thing to know in terms of getting horse racing betting explained, and before making a bet, is the recent form of the horse in question. In other words, how did their last races go compared to the others? Knowing this and correlating it with conditions and race types is a really strong foundation of knowledge for smarter betting.
Always remember that the horse is not out there alone. There is also the jockey to consider. They are a vital part of the result. On many occasions, a bad jockey has led to a terrible result for a favourite, so it is something to be considered deeply. You should view the form of the jockey just as you view the form of the horse. This one is simple. If all other things are equal, more horses mean your pick has less a chance of winning. More horses also mean more caution, at least to a wise bettor.
It may be worth changing a win bet to a place bet, for instance, should the circumstances suggest that is the wisest course of action. When it comes to getting horse racing betting explained, it is worth pointing out that while you can understand much of how horse racing works simply by watching a few races, a deeper knowledge of how horse racing works can only serve to make you a better bettor.
Plus, we have some interesting facts to enhance your appreciation of the sport of kings. Do note that the rules stated here are typical examples but could vary with the bookmaker. That said, here are ten of the most important rules for you to learn about our favourite equestrian pastime. Bets from the UK and Ireland are generally settled on a first past the post basis alongside the official result. Each way bets have increasing place terms with the number of horses in the race Typical place terms would include four places for 16 or more runners, three places for less, and two places for a small number of runners around 5.
Customers are generally allowed to place bets right until the race begins, even if it is late to start. Best Odds Guaranteed does not generally apply to live betting. If a horse refuses to come out of stalls or start once the race has begun it will be considered to have lost the race, rather than as a non-runner. In one form or another, horse racing has existed for as long as humans and horses have been in contact with early records showing that horse racing took place in Ancient Rome and Ancient Greece.
UK horse racing is believed to date back to the 17th century during the reign of King James I. The newly formed organisation, which is still in existence today and runs 14 British racecourses, set the rules of the sport, prevented dishonesty and set about creating a level playing field for those involved. Thirty years later in the Epsom Derby was run for the first time, four years after the first running of the St Leger Stakes in Through the centuries, horse racing became more and more popular and thanks to TV and the internet, it is now one of the most watched and bet on sports in the UK.
Fixed odds simply mean that the odds you have accepted, or possibly requested, are locked down for you no matter which way the market moves. SP simply means starting price, as in the odds when the race went off. If you need help calculating your predicted final payout, check out our free betting calculators that will help give you a sum total of your estimated final winnings for a variety of different betting systems.
Each way betting in horse racing is the same as it is in all other sports. It just means your bet includes two stakes, one for the win and another for a place. You can bet live on many races, the only caveat is that Best Odds Guaranteed promotions may not apply. The most popular types of horse racing are flat and national hunt races.
The latter is best known for the obstacles such as fences which horses must overcome.
Sure, placing a bet is easy enough but that is why most race goers walk out with less money than they came in with. Are you one of them? Are you just placing bets blind and hoping for the best? We made this guide just for you! Here we will explain and simplify horse racing odds to make betting easier.
One of the surest ways people lose money on horse racing is not knowing how to bet or understanding the odds. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting. Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as or tell you what you pay and how much you get back if the horse you bet on wins.
The first number tells you how much you could win, the second number is the amount you bet. Odds are displayed in one of two formats. Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5.
To get your potential return, multiply the odd by your bet. If the odd is displayed at 5. These are published in either the program, racing form, or online at your sportsbook. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time. Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages.
Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed.
This fluctuation is called pari-mutuel wagering, or pool betting. With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse.
Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables. Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently.
Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount. For easy math, we used round numbers. But in the real world, this does not always happen.
Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets.
At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races. Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.
Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.
One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs. This video that walks you through how to chose a horse using past performances and then read on for an explanation of the various betting options as well as some key betting terms to know.
Across the board — A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways place, show ; and if third, one way, losing the win and place bets. Exotic bet — Any bet other than win, place, or show that requires multiple combinations.
Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4. Daily Double or Double — Type of bet calling for the selection of winners of two consecutive races. Exacta — A wager in which the first two finishers in a race, in exact order of finish, must be picked. Box — A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses. Exacta box — A wager in which all possible combinations using a given number of horses are selected.
For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order , , , etc. Trifecta — A bet in which the first three finishers must be selected in exact order. Trifecta box — A trifecta wager in which all possible combinations using a given number of horses are bet upon. Pick 6 or other number — A type of multi-race bet in which the winners of all the included races must be selected.
Overlay — A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds. Underlay — A horse whose odds are less than than his potential to win.
Betting horses whose odds are worse than fair value is a poor strategy.
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