The main object of bet on horses is to beat the ‘Odds makers’ or the ‘Odds Compilers’ and win some money. Additionally, you placing a betting on favorite event makes the race exciting and more enjoyable.
Betting is done through Sports books or sportsbooks (US) and Bookmakers (UK) entities that accept bets. You can bet on the outcome of horse races and several sporting events.
To place a betting, you go to a sportsbook, physical or online. You could also betting over the smartphone with many sportsbooks. Note that a sportsbook isn’t the same as an odds maker. The sportsbook simply accepts sports bets. An odds maker is a person who sets the bet odds.
You need to state what you are bet on by making a selection, the bet type and the amount you are wagering. Your selection will obviously depend on the odds offered, so you’ll want to examine the range of odds available before you make a decision.
There are many types of betting you can place. Some sportsbooks may offer more bet varieties and combinations than others. Below is a list of the more common types of bets used in horse racing and sport events.
- Straight bet, Single, or Win bet. This is actually the simplest and most typical bet. You bet on a champion at given odds. You collect as long as your selected horse is that the first over the finish line.
- A wager for place means you collect in case your selected horse finishes either first or second.
- The 3rd horse over the finish line. A wager showing means you collect in case your selected horse finishes either first, second or third.
- Combination Bet. Combinations cover from two to four horses to succeed in chosen order.
- Pick 3. This wager requires the player to select the winners of three consecutive races. Some race tracks possess a rolling pick 3, and that is once the player must pick three races inside a row, and it also continues for the following three races.
- Pick 6. This wager requires the player to select the winning of six consecutive races just before the very first race from the pick six. Some tracks put the pick six like the first six races, the center six races, as well as last six races. Many tracks have carry over pools to the pick six which will grow too up to millions of dollars.
- Quiniela or Reverse Forecast (UK ). A bet published two horses to complete first and second in either order.
- Perfecta or Exacta or Straight Forecast (UK ). A bet published two horses however they must cross the finish line in exact chosen order.
- Trifecta or Tricast or Treble Forecast (UK ). A bet published three horses to cross the finish line in exact chosen order.
- A bet published four horses to cross the finish line in exact chosen order.
- Daily Double. Much like an accumulator you select the winners of the very first and second races regarding that day. You need to place your bet until the start of the very first race.
- Pick six winners in six races to talk about inside a Jackpot prize. The rules and prizes will be different from race track to race track.
- Parlay or Accumulator. A multiple bet. A type of let-it-ride bet. Making simultaneous selections on two or even more races using the intent of pressing the winnings of the very first win upon the bet from the following race selected, etc. All of the selections made must win that you can win the parlay. In case a race is really a tie, postponed or cancelled, your parlay is automatically reduced by one selection ; a double parlay becomes an aligned bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
- A bet on the future event. In the beginning of each and every season, the sports books give out odds for horses to succeed a particular event. The odds change like the race date approaches and in many cases get shorter, but in case you win you will get paid at the initial odds which you took. This really is possibly probably the most profitable bets when you have considerable understanding of the race that you will be betting on including the jockeys, and a very good sense of judgment.
- Exotic Bets. Betting on unusual events. Some sports books post odds and take bets on the wide selection of other sports related events and activities. A couple of others will require bets on nearly anything you can spend time with.
- Proposition Bet or Prop Bet. An offer of bets at odds and conditions chosen from the sports book, usually on Exotic bets.
Some practical examples of betting and variations
The Daily Double: You win if you pick the winner of the first and second race. To betting you say $2 daily double on 3 (your pick to win in the first race) and 5 (your pick to win in the second race). Your betting must be placed before the start of the first race.
Quiniela: You win if you pick 2 horses that finish first and second, in either order, in any single race. To betting you say $2 quiniela, numbers 5 and 6. If the results of the first two horses are either 5-6 or 6-5, you win.
Quiniela Box: Pick 3 or more horses. You win if any 2 of your selections finish first and second. To bets you say $2 quiniela box on 4,5 and 6. You are making three separate betting so your minimum bet is $6. If they finish 4-5, 4-6, 6-4, 6-5, 5-4 or 5-6, you win. You can box as few as three or as many as the field.
Perfecta: The Perfecta is similar to the Quiniela, except the two horses must finish in the exact order. To bets you say $3 Perfecta, 5-6. Only if the horses finish 5-6 you win.
Straight Trifecta: Pick the first 3 horses to cross the finish line in exact order. To betting you say $2 trifecta numbers 7,4 and 5. Only if they finish 7-4-5 you win tangkasnet.
$1Trifecta Box: Pick 3 horses to finish first, second and third, in any order. To betting you say $1 trifecta box 2,3 and 5. You are actually making six $1 bets, so your total bet is $6. If they finish 2-3-5, 2-5-3, 3-2-5, 3-5-2, 5-2-3 or 5-3-2, you win.
$1Trifecta Key: Pick your favorite horse to win, then 2 or more others to place and show in any order. To bet you say $1 trifecta key on 1 with 2 and 3. You are actually making two $1 bets so your total bet is $2. To win your Key horse must win and the other two must finish either 1-2-3 or 1-3-2. Bolatangkas