Basics of horse racing betting are the guidelines and intricacies of betting at the racetrack. A thorough knowledge of these types of fundamentals will help you to be more successful at wagering. Occasionally it may be quite confusing particularly if you are 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 rules concerning horse racing include how to place the bet. You should state the type of bet, the quantity of the bet and also the numbers of the horses you have selected/want to gamble on. The program or racing form is usually available at the racetrack. These betting guides provides you with all the information and data on the horses, and the particular race!
The horse must finish in the first position for a “win”, in the very first or second position for “place” and in the first, second or third position for “show”.
A “Daily Double” bet indicates that you have to select both those who win of races which are run one after the other.
“Exacta” means that horses should finish in the first and second place in the exact order you have bet on them, whereas “Quinella” means the horses can finish in the first and second place in any order.
The “Trifacta” bet indicates 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 choose all the those who win 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 primary aim of betting at the racetrack is to make sure 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 wagering is done through bookmakers and Sportsbooks that accept your bets. This wagering is done either by yourself at the racetrack or online. Betting 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 means that you’ll make a good profit. An experienced 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 benefit of saving time and effort as you can do so from the comfort of your home. Other gambling techniques 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 split among the rest of the bettors.
Basics of horse racing betting will tell you that a free horse racing calculator can be downloaded from the internet to work out important data like the returns on the horse in a particular race. Nowadays, racetracks are using gambling slot machines to generate money that can help towards paying the winners.