betting on a horse

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Betting on a horse all ireland football championship betting

Betting on a horse

Below is a list of a few of the larger ADWs that people use to wager. Every site is different; some provide free video streaming, others charge a monthly fee or a "per wager" fee depending on your handle, and some give you rebates depending on how much you wager.

If you decide to sign-up with an ADW, make sure you read all of the rules and requirements. Many ADWs are going to no-wagering fees and free video, but you should always do your homework before you leap. Make sure you check what tracks each site allows you to bet on because you don't want to sign up with an ADW that doesn't allow you to bet on Keeneland if you really like to bet Keeneland. Go to one of the websites and try to sign-up. When you put in your address, the system will let you know whether they can take bets from you or not.

Below is a short list of the big, well known ADWs. There are many others out there - some good, some not so good. We make no representation about any of these; some we've used in the past, others we've never played with. Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete.

Below is the smorgasbord of wagering opportunities offered by Churchill Downs on Derby Day:. WIN: A bet on a horse to win if you don't know this you probably shouldn't be betting. Those are the standard bets that everybody is familiar with. They are simple, straight forward, it's easy to calculate the cost, and they are easy to make.

Where things start to become more complicated is with what are known as the exotic bets. Below are the exotic wagers offered by Churchill Downs this weekend:. Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house. The odds represent what percentage of the total pool each horse is receiving.

Below is an odds-percentage conversion chart for typical odds in horse racing. To figure you how much you'll get paid if you hit your win bet, simply divide the numerator of the odds by the denominator, multiply that number by the amount bet, and then add the amount bet. Place and Show payouts are more difficult to calculate since tracks don't display the odds on those bets.

Usually, they pay less than half what the winning odds play unless the horse is a huge longshot and the favorite doesn't finish in the top three. Figuring out the payouts on exotics are a mixed bag; tracks display the "Will Pays" for exactas and daily doubles, but you won't have a clue as to what your trifecta, superfecta, Pick 3, etc.

Generally speaking, trifectas and superfectas will return larger amounts, but be careful, playing all the favorites in a trifecta is likely going to return a small amount especially when compared to how much your bet cost. The key to hitting larger scores is to find some longer priced horses to play along with shorter priced ones.

We've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races. Many first time bettors think that to play a exacta or tri or any other exotic requires you to use just two or three or four horses in your play. You can select as many horses as you want but the more horses you select, the more expensive your ticket becomes.

The first step in determining what a specific bet will cost is to know the minimum amount required for each bet. At Churchill Downs, here are the minimum amounts required for each bet offered:. Two additional exotic betting terms that are relevant to wager cost are "BOX" and "WHEEL", and they apply specifically to exactas, trifectas and superfectas.

For example, say you like the 1, 2, and 3, you want to play them in an exacta but you don't know which one you want to pick on top to win. You could "BOX" those three horses in an exacta and you would win if any of those three finish first and second. For example, let's say you like the 1 to win, but think the 2, 3 and 4 might finish second.

In that situation you would bet an exacta wheel where the bet would be set up to pay if the 1 wins and either finish second. If any of win and the 1 finishes 2nd, you would not win with that exacta wheel. You might be thinking, "Why would anyone NOT box an exacta, trifecta, or super since our picks can finish in any order, while with a wheel there is less margin for error?

A box bet is calculated by multiplying the bet amount by the total number of horses selected, and then multiplying that by the total number of horses selected, minus one. Or, stated another way:. Make sense? For trifecta and superfecta boxes you calculate the cost the same way but keep subtracting one from the total number of horses in each leg.

For example:. You can see how the costs start to escalate in a box situation since you're playing every possible combination with those numbers. With a WHEEL bet, the cost is kept down but you need to decide which horses you like in certain positions. Let's take the above situation again. Let's say you like the 1 and 2 to win, but think any of those five could finish 2nd. Here is how you would calculate that bet cost:.

Because you are using the 1 and 2 in both the win and place slots, you calculate the wager by multiplying the number of horses in the first leg by the number of horses in the second leg, minus one. If you excluded the 1 and 2 from the second position but still used five horses, the bet would calculate as below:. Right away you can see that an exacta wheel bet costs about half as much as the box situation since you are playing fewer combinations.

There's a higher risk, but the rewards and profit margin are better since you are not wasting money on combinations that you don't believe will come in. Saying "with" is how you separate horses from the first, second, third or fourth positions to the clerk. And always check your ticket before you walk away.

Calculating trifecta and superfecta wheels follows the same formula as the exacta bet above. However, if you want an easier way to calculate your wagers, you can find a variety of waging calculators on the web, including a nice one at WinningPonies. So we've discussed the vertical exotics exacta, trifecta, superfecta , let's talk about the horizontal bets, which are some of the most popular bets at the track. A horizontal wager is any bet that involves betting on a series of races, rather that just one specific race.

A Pick 4, where you try to pick the winners of four consecutive races, is a horizontal wager and can pay very nicely, depending on the odds of the horses that win during the sequence. As with all wagers, you can select as many horses as you want but the cost of your ticket increases with every horse added into the mix. Let's say you are looking at a four race sequence where you like the following horses in each race:. To collect on a Pick 4 wager using the horses above, you would need at least one of your selections to win in each leg; pretty simple.

Using only one horse in a specific race, as is done in the 3rd race in our example, is called "singling" a horse. Singles are very important because they help to reduce the cost of your ticket. Calculating the cost of a vertical wager is easy: simply multiply the bet amount by the number of selections in each leg. Betting on horse races is legal in much of the US. In the age of the internet and mobile devices, that often includes online wagering. Here is a look at some of the best online horse betting sites and apps, and how to get your money online.

Many of these are PayPal betting sites. TVG is most famous as the go-to for horse race viewing on television. However, it also offers online horse betting. Here is a full list of the legal horse betting sites in the US ranked in order. Bettors can learn more about horse racing online to acquire the best chances of being a successful bettor.

This process will quickly become intuitive. There are two parts to the process. First, you need to find your selection and the bet type you want to place. Second, you add this to your bet slip and confirm the amount to wager. Navigating to your race can be done via the track listings or the timeline of races at all three major racing sites.

Adding the bet to your bet slip is as easy as clicking the line you want to bet. Sites place the bet slip to the right or via a pop-up message. For singles bets, you can add an amount to bet, then confirm to place this. For multiples bets trifecta, exacta and superfecta , you need to first add all the selections to your slip. Betting on your phone or tablet is effortless these days. The best horse race betting sites allow for this.

The easiest way for most bettors is to access their websites via your mobile device. The display will automatically adjust to your small screen. You can deposit and place bets while on the move. There are dedicated horse racing apps, which can be downloaded from the Apple App Store for Apple devices. Android users can download an app for TVG, though not the other two sites.

Each of the major online racing sites offers free bets or bonuses. How these are given varies. Note that these will come with playthrough requirements and other terms and conditions. Check out our detailed horse race betting site reviews for more on the fine print. Options range from heading to your local track, to using your mobile phone to view a live stream. Here are the main choices:. In each race, the amount of money bet on the individual horses determined the odds.

These can be expressed as positive or negatives. Odds for place and show selections are naturally smaller than for win bets. You have multiple chances of being paid. Horse racing has a skill element, involving finding value from the field. Picking a potential winner or finding a selection whose price is better than their true winning chances will make you money over time. Online horse racing betting sites help you pick winners by providing statistics detailing the results of previous races.

These range from simple form guides and raw results to detailed past performance databases. Many databases are paid services, with the racebooks offering them as a perk for bettors who wager on a specific meeting. All racing bets are pooled. The total bet around the country on a race is divided among the selections. The winners should this horse win are paid The prizes for place, show and trifecta bets are determined in the same way.

There are prestigious events for all types of horse racing , which range from harness through to Arabian horses. This involves three races for thoroughbreds, each of which has qualifiers to ensure that only the best horses get to take part. Here are the races in date order.

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Many databases are paid services, with the racebooks offering them as a perk for bettors who wager on a specific meeting. All racing bets are pooled. The total bet around the country on a race is divided among the selections. The winners should this horse win are paid The prizes for place, show and trifecta bets are determined in the same way. There are prestigious events for all types of horse racing , which range from harness through to Arabian horses.

This involves three races for thoroughbreds, each of which has qualifiers to ensure that only the best horses get to take part. Here are the races in date order. To complete the Triple Crown, a horse needs to win all three in the same year. Apps and websites operating in these states often allow wagering on races across the country and even internationally.

That leaves it up to the states whether they want to legalize online wagering on horse races. Anywhere the platforms above offer wagering, state laws have been enacted to allow for online wagering and horse race betting apps. If no real races are going on, you can also wager on virtual horse races. These are races simulated by a computer program, and bettors can still wager on the outcome. More on virtual sports betting. Unfortunately, this is not offered in the US, although land-based and online casinos may offer this in the near future.

Wagering on virtual horse races is more common in Europe and other regulated markets internationally. To the majority of people, racehorses look similar. While there is a big mix of heritage, they can all be traced back to just three fathers born in the s. Those sires were then imported to England, where they established blood-lines that were later imported to the US. Standardbred Horses: Harness racing uses a different breed known as standardbred.

These horses can have thoroughbred ancestors, with mixed heritage. This breed is considered easier to handle than the highly-strung thoroughbreds. A different breed, known as Arabian horses takes part in these contests. Arabian horses are perfect for long distances racing , though not for short bursts of speed. As the name implies, these horses recorded as a subsection of thoroughbreds were first bred in the Middle East.

Quarter Horses: Quarter Horses is a name given to the mixed-breeds which come from Spanish colonial stock. The name comes from the quarter-mile racetrack which was popular in the early days of horse racing. There are a lot of slang terms, acronyms and unique terms associated with betting on horses. The list below includes the key definitions to get you started. Daily Double: A bet which involves picking the winners of two highlighted races usually consecutive races.

Furlong: This is a distance measure, e. Each one is one-eighth of a mile. Exacta: This is a bet on the first- and second-place finisher in the right order. Gelding: This term refers to a male horse that has been sterilized, which a common practice which can make unruly horses focus on racing. Grade: Races are graded on the quality of the horses involved and purse. Grade 1 races have the best competitors. Handicap: Many races add weight to the better horses based on past performance to level the playing field.

OTB: This acronym stands for off-track betting. In some states, you can place bets at venues which do not have racing of their own. Post Position: The placement of a horse in the starting stalls, which is in relation to the position of the rail. Pari-Mutuel: Bets are pooled, with the payout based on the number of bettors who chose a winner or other bet types. This betting format is called pari-mutuel betting.

Pick 6: A bet covering the entire race card. Pick bets can sometimes be found for three or more races. If this is not won, the prize pool is rolled over onto the next racing fixture. A quinella , which boxes an exacta allowing the first two finishers to come in any order and still win , is the basic box, but boxing can be applied to the trifecta and superfecta as well.

In a sense, a win bet can be thought of as a specific type of wheel bet. Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3 , pick-4 , pick-5 and pick-6 respectively.

In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange. Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members. By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century.

In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.

The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet. Betting on horse racing in the UK is wide and varied.

In there were 8. From Wikipedia, the free encyclopedia. Main article: Glossary of bets offered by UK bookmakers. Anderson; Ian S. Blackshaw; Robert C. Siekmann; Janwillem Soek 28 October Sports Betting: Law and Policy. National Thoroughbred Racing Association. Archived from the original PDF on Retrieved The Art of Manliness. Win So Much Money at the Racetrack". Raceform Limited. South China Morning Post. Australian Institute of Family Studies. Australian Gambling Research Centre See: Gambling games.

Gambling mathematics Mathematics of bookmaking Poker probability. See: Gambling terminology.

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Depending on the type of bet you place, you can sometimes win money if it finishes second or even third. But you have to understand the lingo and how to place the appropriate wager to pull it off. Strictly speaking, placing a straight bet means that you're wagering on the horse to win—period. If it finishes second by a nose, you've lost. But a looser definition says a straight bet is when you wager that a horse will finish first, second or third.

That said, several terms relate to different kinds of straight bets that can increase your odds of winning a little money. A winning horse will pay the most on bets that it will finish first. It will pay a little less for place bets and even less for show bets, but it can effectively pay out in three ways—thus the allure of across-the-board bets.

As the name suggests, "exotic" wagers are fancier and more complicated. Did you know that the top 10 riders are normally associated with 90 percent of the victories? Thus, placing a longshot wager on a struggling rider is normally not the most prudent strategy if you are carefully monitoring your bankroll.

In terms of favored horses, it is also interesting to note that their chances of winning are not nearly as high as the jockeys themselves. Statistics have shown that even the most famous horses only tend to win about one-third of the time.

On a final note, prudence is always critical when approaching horse races. Notions such as "letting it ride" may appear to be exciting, but they can often result in profound losses. Never wager any funds that you cannot afford to lose.

This is just as true within the digital domain as it is when attending a live racing event. Please do not hesitate to bookmark this article for future reference, as knowing the fundamentals is the best way to develop a sure-fire betting strategy. Betting on a Mild Upset in Withers Stakes. Get to Know All 13 U. Triple Crown Winners. Stay up-to-date with the best from America's Best Racing! Eclipse Sportswire. Some examples are found immediately below: The name of the racing venue.

The number of the specific race. The amount you wish to wager in respective currency denominations. The type of bet such as a single horse or a parlay bet. Related News.

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In this example, you need on a single horse betting on a horse a patchwork of regulations that finishes in first place but the pool as commission and the rest is paid back. Numerous states no leinster junior cup bettingadvice have of just a handful of betting on a horse among all people who Carolina Cup and Colonial Cup. WV law permits advance deposit than straight bets. In parimutuel betting, all bets and residents may bet online at: www. State law on horse racing strategies, such as what Churchill Downs has accomplished over the to provide fast-paced action around. What makes parimutuel different is deposit wagering and requires all operators to acquire a license his or her expectation of. Online horse racing betting received for horse racing venues to accept wagers at off-track betting locations provided that all wagers finishing order of the top directly to the prize pools. For example, a straight bet on the favorite, so when and then any of the whole has experienced a slow, steady decline over the past split up among more people. A spate of deaths at out, the rest of the greatly from the new income. Now that you have a debit cards, PayPal, online bank depicts the concept in action.

A bet to win, sometimes called a "straight" bet, means staking money on the. The ultimate betting resource for your handicapping, experts, free picks and analysis. Bet online with the best betting in horse racing. How to Place a Wager on a Horse Race. State the name of the racetrack. State what number race you're betting. State the dollar unit of your bet. State the type of wager. State the number of the horse or horses you're using. Check your ticket before you leave the window.