Those who make an each-way bet will receive a payout if their horse comes first or second/third depending on the placement criteria for the race. An each-way bet splits your bet in two, with half of it staked on the horse to win, and half of it staked on the horse to place. Outside of the US, a common type of horse racing bet on a single race is the each-way bet, although again the meaning can vary a little depending on the location. For example, in the UK, in a race with seven or fewer horses, only the first two finishers are considered by most bookmakers, so “to show” often doesn’t exist. Outside of the US, this works a little differently because the number of payout places often varies depending on how many horses are in the race.
In the US and Canada, if you bet on a horse to “ to place”, you’re betting that your horse will come first or second, and if you bet on the horse “ to show”, you’re betting for it to finish in first top three. With a straight win bet, you’re wagering that your chosen horse will come first, so that’s straightforward enough. These are horse racing bets on a single race, for a horse to “ win”, “ place” or “ show”.
In many places, the most common horse racing bets are referred to as “ single” or “ straight” bets. With betting on horse racing now hugely popular in so many places around the world, from the US to Hong Kong, the types of horse racing bets available, and what they’re called can vary. Always check your ticket before you leave the counter to make sure the details are what you intended – or check carefully online before placing your bet if you’re betting online. To make a bet, you’ll usually need to know the name of the racetrack, the number of the race you want to bet on, which horse you want to bet on, the type of horse racing bet you want to make, and of course how much you want to bet. Make sure you keep hold of it so you can either dramatically tear it up if your horse doesn’t win, or, if you’re luckier, triumphantly take it back to the counter to claim your winnings. If you bet in person at a race track or bookmakers, you’ll be given a betting slip. Where you place your bet will depend on where you are, since in some jurisdictions horse racing bets can only be placed at racecourses themselves, while in others they can be placed via bookmakers on the high street or online.
#Back in focus horse how to#
How to bet on horse racingīetting on horse racing is usually very simple. Whichever form of horse racing betting exists where you are, let’s look at how to bet on horse racing. With pari-mutuel betting, you don’t know how much the payout will be at the time you make the bet because it depends on how many other players bet, but with fixed-odds betting, the payout is established when you place your bet, so you know from the outset how much you stand to win if your horse comes in. In the UK, pari-mutuel horse racing betting exists, operated by the UK Tote, but fixed-odds betting is much more widespread. In some countries, this is called a totalisator, or tote for a shot. In many jurisdictions, betting on horse racing is a form of pari-mutuel betting, which means that all the bets of a particular type are pooled, the house take is deducted, and then the remaining pot is then shared among winning bets. The form that horse racing betting takes varies depending on where you are. To find out how to bet on horse racing yourself, read on for our complete horse racing betting guide. Many of the classics of the British racing calendar, such as the Epsom Derby and 2,000 and 1,000 Guineas Stakes were established in the late 1700s and the early 1800s.īy the early 1900s, having a flutter on the sport of kings had become common entertainment, and it remains so today. Of course, it was a pass time for nobility at first, but over time betting on horse racing became a major tradition in the UK, and then elsewhere. In fact, it’s believed to have started soon after horse racing was established as a sport in Britain during the reign of King James I way back in the early 1600s. We’ll also offer some tips on making the smartest bet on horse racing.īetting on horse racing is an age-old tradition. Our horse racing betting guide will walk you through the basics, including how to place a bet, how to understand the different types of horse racing bets and how to read horse racing odds. Learn how to bet on horse racing, understand odds and more in our horse racing betting guide.Īlways wanted to learn how to bet on horse racing? Then you’re in the right place.
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