Horse racing wagering is interesting and profiting if you understand how it is done. For beginners, there are tools that can assist them on the way. There is also information about mechanisms of placing the bet, the types of betting and the odds of winning.
Horse racing betting
- Placing your bet
To place a bet, you pick a ticket and rip it up if the bet does not pay back. But is luck is on your side or you are knowledgeable, you can take the ticket back the window and take your wins. The wagering steps are:
- Provide the racetrack name.
- Provide the number race you are wagering on.
- Provide the dollar unit of the bet.
- Provide the wager type. (You may bet on one horse to win, show or place or on a team of horses).
- Indicate the horse’s number you are using.
- Analyze your ticket before leaving the window.
2. Wagering tools required at an horse race
Besides an umbrella or sunscreen, there are other items necessary at the sport. You might require binoculars to view the horse getting to the finish line; however the tools below are more important when it comes to horse betting tips.
Racetrack schedule: This is a program which contains information about every player. And if the players are the owners, trainers, horses or jockeys, the cost is 3 dollars.
The everyday racing form: This form shows the previous performances of every horse that participates each day. It also includes detailed horse racing content and handicapping by the Daily Racing Form. It costs four dollars.
Public handicapper selections: Incase the racetrack is covered by a newspaper; the handicapper may be paid to make horse choices each day. The cost is fifty cents.
Handicapping tip sheets: These are the everyday selections published at the racetrack. The cost is 2 dollars.
3. Examples of wagers in horse racing and the winning chances
Before placing a bet, it is crucial to determine the right type of bet to place. The bets to make can range from simple bets on a single horse in a single race to selecting the horses that win for 6 continuous races. Some of the bet types include:
Show: The chance of winning here is very good and the horse has to finish first, second or third. Its payoff is modest and the suggested plays based on 100 dollars bankroll is 6 dollars per horse.
Place: The chance of winning is good and the horse has to finish 1st or 2nd. Its payoff is better than that of Show and the suggested plays based on 100 dollars bankroll is 5 dollars per horse.
Other bet types include win, quinella, exacta, trifecta, superfecta, daily double, pick 3, pick 4 and pick 6.
Conclusion
If you are a beginner, those are the tips which will enable you to improve your odds. Paying great attention to all tips will enable you win big.
