Betting Odds: How Does It Work And How Can You Win

| September 4, 2020
Betting the odds
How does betting the odds work and how can you win?

Nothing beats the rush of seeing ponies and jockeys running along the tracks with such energy. Horse racing has been a favourite pastime of many people for years, and betting on the players has already come hand-in-hand with the game. 

So, how does horse race betting work, exactly? Horse race betting is an unpredictable game, and it’s why placing your best bets is no easy feat. From picking your horses to choosing which races to wager on, up to putting your race bets, this game is surely a complex task. Luckily, you’ve come to the right place because this article will tell you everything you need to know about horse race betting to kickstart a winning strategy on your first game. 

Whether you’re a beginner who wants to get into action or a seasoned better who wants to improve your track success, this horse race betting guide will put you on the right path of the game.

The Betting Basics

It’s important to know the basics of betting before you place your bet on the game. There are two types of bettor: the one who believes in lucky numbers, and the one who strategizes and evaluates everything about the race before betting. The odds are mostly in favor of the latter because it takes a lot of research to know about the game. 

In these modern times, the horse race betting rules and systems now vary depending on the country. Luckily, there are a lot of sites that help you choose a good betting strategy. Try checking the current Kentucky Derby 2020 jockey odds for a chance to find a worthy wager in the jockey market. These sites provide you with betting tips, tactics, and predictions based on numbers and game stats for a solid betting system on your future games.

For starters, you may place small bets for greater payout chances. Unlike other sports betting, horse racing follows a pari-mutuel betting, wherein the odds are not final before the race starts. Take this as a good opportunity for you to grow and personally observe your horse race betting journey without spending a lot. 

Types Of Horse Races

There are two forms of horse racing, and these are done with or without obstacles. For the former, the distance may take around 1,200, 1,600, or 2,400 meters, depending on the course. On the other hand, races with obstacles have lower speeds and longer distances ridden, and usually take between 2,800 and 4,500 meters. Jockeys and their horses are usually found on the starting gates, and the race officially commences when these gates open.

The Betting System

Betting options
Choose the right betting option to make a healthy profit

The profit bet is the simplest horse racing bet considered. You just place your bet, and you can even select as many horses as you like for more chances of winning. However, you must also consider the horses’ profiles, such as their strength and shape level, to give you an idea of their previous race performances. 

You can choose between the current rating or starting price (SP) when betting. The quotations are predetermined for your betted horse for the SP. Bets are made on a specific horse by: 

  • Place (first or second finish)
  • Podium (first, second or third finish)
  • All three with an overall bet. 

Go for exacta bets wherein the first two horses are chosen specifically or in random order with a box bet combination. You can also choose the each-way bet, which goes for a win and a place on a single ticket.

On the other hand, you may opt for superfecta bets, which let you choose the first four winning horses. Try exotic bets with Pick 3 and Pick 6, but this requires choosing the winning horses in multiple races. However, Picks 3 and 6 are the most unpredictable, so it’s better to leave this type of bet to expert horse race bettors.

So, How Do You Bet On The Odds To Win?

Now that you’ve learned the basics of horse race betting, it’s important to prepare yourself ahead of the game by doing your research. Get a good grip on the race background by checking the details found on your racing form. This includes the time, location, course distance, as well as the requirements for you to enter the competition.

If you want to level up your horse race betting skills, you should also consider setting different bets and strategically applying them to the game. The more times you place a wager, the more chances you have of winning

Summary

At this moment, you’re now ready to set foot on the tracks and make your best bet. If all goes well, joining a betting competition is now easier for you. It becomes more exciting if you’re well-equipped with the right practices and knowledge about the game. Horse race betting may be a bit overwhelming at first, but as you go along, it’s thrilling to bet on the odds that wouldn’t cost you a lot.

Category: Betting

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