Basics of horse racing betting are the rules and intricacies of betting at the racetrack. A thorough understanding of these basics will help you be more successful at wagering. Occasionally it can be quite confusing especially if you’re a brand new bettor. To bet wisely one has to understand how to place a bet and even the lingo used to do it!
Simple guidelines regarding horse racing include how to place the bet. You need to state the type of bet, the amount of the bet and the numbers of the horses you have selected/want to gamble on. This program or racing form is generally 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 finish in the first position for a “win”, in the first or second position for “place” and in the first, second or third position for “show”.
A “Daily Double” bet means that you have to select both those who win 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 farm pets can finish in the first and second place in 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 select all the winners of the first three, four and six consecutive races, respectively.
Horse racing betting rules; 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 cash! Added to this, is to enjoy the thrill and excitement of wagering 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 on the internet. Gambling can also be done over the phone. Sportsbooks only accepts the bets but the oddsmaker is the one that sets the odds. Winning when the odds are high indicates that you will make a good profit. A skilled handicapper will look for the “longshot” or and “outsider” ï¿½ a horse with very high odds that is not tipped to win!
Gambling online is very convenient and one has the advantage of saving time and energy as you can do so from the comfort of your home. Other betting systems include pari-mutuel gambling 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 gambling 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.