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horse betting explained simple past

Exotic Bets or Combination Wagers Across the board — Three equal Win, Place and Show bets. Exacta — Pick two horses in one race. If they finish 1st and 2nd. Horse racing betting odds express the relationship between risk and reward. To put it simply, the odds tell you how much you stand to win with any wager. Across the board – A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways (place, show);. PLACEPOT ON SKY BET APP

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Horse betting explained simple past betting on both teams to score strategy


If you are confident that a certain horse will win a race, it is usually advisable to bet it to win and forego place and show bets to ensure that you adequately rewarded for your handicapping acumen. One exception would be if your horse is going off at long odds, in which case backup place and show bets can be considered.

Win betting on horse racing takes discipline. You should not make a win bet, or any bet, in every race, for instance. Because payouts are diminished, some players use paylays — multiple race bets determined by the player — to increase their profit. If that horse also wins, the entire amount could be wagered on a third horse in a third race, etc. Most horseplayers include such bets in their repertoire because they can return significant rewards for a relatively small investment.

The object in all these bets is to pick the winners of successive races, two in the Daily Double, four in the Pick 4 or six in the Pick 6, for example. To improve their odds of hitting multirace bets, most horseplayers use more than one horses in one or more of the races. In the second race, the player figures that the solid favorite will carry the day, but race three looks like a real grab bag so five horses go on the ticket.

In other words, you have 15 possible winning combinations on this ticket. The combination concept is important, as that allows you to calculate the cost of a ticket. When that happens, the payout can be expected to skyrocket.

The object with these wagers is to pick horses in the correct order of finish: exactas top two finishers in order ; trifectas top three finishers in order ; superfectas top 4 finishers in order or Hi 5 top five finishers in order. As with multirace bets, many players include multiple horses in these bets to improve their odds of collecting. But if you select the 1 horse, the 4 horse and the 7 horse, they must finish in that exact order or your ticket is a loser.

By boxing the trio, you are ensuring that you will win if they finish in the top three, no matter what the order. Keying horses, on the other hand, means narrowing the field in some placings in order to be able to spread out in others. For example, a player might decide to play a 10 cent superfecta in a race where two contenders appear to be head and shoulders the best in the field. By using those two horses in the top two placings, the player can use the remainder of the horses in the third and fourth slots, potentially triggering a solid payoff if the top two finish one-two and long shots come in.

Multihorse wagers usually work well when you have a horse you have faith in to win and can build tickets around that runner. Exchange horse wagering strategy Exchange wagering, also known as spread betting, is a relatively new wagering system that has more in common with stock futures trading than with the traditional parimutuel and fixed-odds systems used in horse racing.

Providers of exchange betting essentially remove the racetracks or bookmakers from the equation and match players who take opposing views of the expected outcome of a race or races. Once the two sides agree on a wager and an amount, the provider holds the money until the bet is decided, then pays the winner minus its commission.

As Investopedia. You can actually close the bet at any time and take home the profits or limit the losses. Or you could part with some of the investment to hedge against an unfavorable outcome in the second leg. For example, consider odds of Horse Racing Morning Line Odds The morning line odds in horse racing serve as the starting point for betting on every race.

A track oddsmaker sets the morning line odds for every race to reflect how he believes the public will bet. After the morning line odds go live, racing fans can view the upcoming race and start to get an idea of which horses will likely emerge as the betting favorites and which will be the longshots. The morning line odds are usually reflective of the relative strengths of each horse, but the oddsmaker is not handicapping the race.

My goal as the morning line maker is to predict how the public will wager on a particular race. A good oddsmaker can glance at past performances and determine on which horses the majority of racing fans will wager the most or least amount of money. Usually, horses with recent high speed indexes and consistent in-the-money finishes will receive much wagering attention. Local horses are usually better supported than horses coming in from other tracks.

Decimal Horse Racing Odds In some parts of the world, horse racing wagers are displayed in the decimal odds format. Decimal horse racing betting odds are even easier to read than fractional odds. The decimal format displays exactly how much money you stand to win in relation to your wager.

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