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Horse betting odds for dummies

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Successful sports betting stories I ordered the book a week before we attended the event. Odds are simply the way prices and payouts are shown at a horse track. How to enjoy a day at the races-and bet to win! Superfecta Key: Pick four finishers, choose one to win and the other three finish in any order. This promotion cannot be used in conjunction with any other sign-up promotion. Tom Ainslie. Courtesy MyWinners.
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Even in modern times, horse racing is a pretty lucrative sport, with some racehorses costing tens of millions of dollars. All this money talk has probably made you crave for it. There are literally tens of thousands of horse racing events around the world every year. And each of them has dozens of races. With a simple calculation, you get to realize that at almost any moment, you can find an event where to bet on.

With the rise of online gambling, that number is expected to grow even higher. Another reason to give it a try is convenience. Thanks to the internet, you no longer have to go to a racetrack to place a bet. You can do it via your computer or smartphone.

There are many different types of bets you can wager your money on in horse racing, the simplest being the winner. Basically, you just put your money on a horse and if it finishes the race first, you get the money. On the contrary! Some of those are not only really entertaining but can also result in big wins. If the horse you bet on finishes on one of the top two spots, you win! If you get the exact order of the top two, you can expect big winnings coming your way.

This is why many bettors use an alternative to the exacta bet called quinella. Though nothing beats a day at the races — taking cash from a bookies hand. Away from the track, the main ways to place a bet on horses are either in a betting shop or online. To place a bet in a traditional betting shop, you will need to fill in your paper betting slip.

Complete the slip with the name of the racecourse, the time of the race, the name of your chosen horse, the amount you wish to bet and finally the type of bet you are placing. Ensure you write clearly to save any confusion. When doing accumulator bets, you will need to include the racecourse and times for each horse selected. You then hand your slip to the cashier along with your total stake.

The cashier confirms the bet and provides you with a printed receipt. Keep your receipt safe as you will need this to collect any returns from your bet. All Betting Shops have large TV screens showing the races and pay winnings once all jockeys have weighed-in.

Betting Online is becoming increasingly more common. With rapid technological advancements, more bettors are using smartphones and tablets to place their bets. Most bookmakers offer specialised mobile websites and slick, easy-to-use apps. Be sure to familiarise yourself with these websites and apps before placing your bet.

Many bookmakers will offer a full results service and quick automatic bet settlement. Racecards give you the information that you need to make an informed decision when learning how to bet on horses. If you are at the racecourse, you will likely either be given a racecard upon entry or you can purchase one once inside.

Good quality racecourse racecards can be great souvenirs. Find yourselves in a Betting Shop and there will be printed racecards on the walls, live cards on TVs and several copies of the Racing Post to hand.

Infact, horse betting online provides you with a much wider offering of information. First up pay close attention to race type, distance, class and going. Consider which runners these factors favour. For example, form figures of would mean the horse finished 6 th on its most recent start and 1 st on its penultimate run. All horses are designated a weight to carry.

The weight a horse carries varies depending on the race conditions. Handicap races see a wide range of weights whilst Pattern races will often have level-weights. With a basic understanding on how to read a racecard you should proceed with leaning what bet types you can place. A win bet is when you only bet on which horse wins the race. Your selection must win in order to get a return. An Each-way bet is when half your stake is on the winner of the race and half is on whether your horse will place.

The number of places paid for each-way bets changes depending on the number of the runners. When deciding whether to bet win or each-way, you should consider the number of runners and the odds of your horses. Accumulators , also known as Accas and Multiples.

A bet where your stake is placed on more than one horse with any winnings from the first winner rolling onto your next selection. Accumulators can be placed as either win or each-way bets. A Double is an accumulator of 2 selections, with a Treble being 3 selections. A fourfold features 4 horses and so forth.

A Trixie consists of 4 bets involving 3 horses across 3 different races. The bet consists 3 doubles and 1 treble. You require at least 2 successful selections in order to get a return as this bet does not contain any singles. A Patent is similar to a Trixie but includes singles. A Yankee consists of 11 bets involving 4 horses in different races.

The bet includes 6 doubles, 4 trebles, and an accumulator. A Lucky 15 consists of 15 bets involving 4 horses in different races. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 four-fold. A Canadian bet consists of 26 bets involving 5 horses in different races. The bet includes 10 doubles, 10 trebles, 5 four-folds plus an accumulator. A Straight Forecast involves 2 selections in 1 race finishing 1st and 2nd in the order specified.

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Blake 5. Reviewed in the United States on August 29, Verified Purchase I always love these "For Dummies" books because they are written so that you really can understand the subject matter. This one is no exception. It's not a book that I would sit and read cover to cover, although I did read the first two chapters like that, but I've found it to be especially useful in looking up terms, or specific questions. The "quick tips" in the margins are great. I use a highlighter when reading, so that it's especially easy to go back to a particular subject of interest.

I would recommend this book for anyone wanting to learn more about how to bet the horses. It is hard to see how it can sensibly have been released onto the UK market. No doubt many of the principles are the same, but the context is not, and if you are like me a relative novice looking for help with the "how to" of betting on horse racing in the UK specifically eg which races are form guides to which others, how races are graded and classified, how handicapping works here etc etc you will be disappointed.

I bet half the people who buy this buy it by mistake! Read more One person found this helpful Report abuse elaine hildrick 5. Some great pointers to help introduce you to betting on Horse Racing, also some good reminders if you already know how to bet on Racing. I use it as a quick reference and to help me explain things to others as part of my job. Read more One person found this helpful Report abuse Carol Haine 2.

I needed something about British betting with more recognizable terminology so I sent it back. Read more One person found this helpful Report abuse Norma 5. See and discover other items: horse equestrian , horse handicapping , for dummies , handicapping horse racing , Betting Sheets There's a problem loading this menu right now. How to enjoy a day at the races-and bet to win! The last two years have seen a record number of Americans tune in for climatic Triple Crown races featuring Smarty Jones and Funny Cide; in , television viewership jumped a whopping 61 percent over the record set in , and the Belmont Stakes race itself drew a record crowd of more than ,!

This easy-to-understand guide shows first-time visitors to the track how to enjoy the sport of horse racing-and make smart bets. It explains: what goes on at the track what to look for in horses and jockeys how to read a racing form and do simple handicapping how to manage betting funds and make wagers that stand a good chance of paying off. Complete with coverage of off-track and online betting, it's just what anyone needs to play the ponies-and win!

Read more Read less. Previous page. Print length. Publication date. See all details. Next page. Kindle Cloud Reader Read instantly in your browser. Frequently bought together. Add all three to Cart Add all three to List. One of these items ships sooner than the other. Show details. Ships from and sold by Amazon. Customers who viewed this item also viewed. Page 1 of 1 Start over Page 1 of 1. Picking Winners: A Horseplayer's Guide.

Andrew Beyer. Barry Meadow. Mark Paul. Ainslie's Complete Guide to Thoroughbred Racing. Tom Ainslie. More items to explore. The Logic Of Sports Betting. Ed Miller. Josh Appelbaum. Statistical Sports Models in Excel. Andrew Mack. Sports Betting For Dummies. Swain Scheps. Mark Rashid. Register a free business account. From the Inside Flap Cash in big on multiple races and horses Make well-informed bets and gain the winning edge Hoping to win at horse racing?

Read more. Presidents' Day Deal. Get this deal. Customer reviews. How are ratings calculated? Top reviews Most recent Top reviews. Top reviews from the United States. There was a problem filtering reviews right now. Verified Purchase. This is a wonderful book for newcomers to horse racing. One person found this helpful. If I was to rate this against other handicapping books then I would lower the rating, but I review it against what it is intended to do for the reader.

This really is a good book for a Horseplayer. This book is just the winning ticket for those who are just getting started in horse racing. I wholeheartedly recommend this book! I am a fan of the "Dummies" books, but this was a disappointment. I always love these "For Dummies" books because they are written so that you really can understand the subject matter.

See all reviews. Top reviews from other countries. Note well - this is an American book. Good yeah. Report abuse. Rather Americanised, though this was expected. I'm sure this is a very good book if you are in America.

In the U. This is also known as pool betting and is commonly used in short sporting events such as horse or greyhound racing where the participants finish in a ranked order. All the money wagered on a particular race is placed into a pool and after a house take is deducted, the rest of the money is divided between the people who bet on the winning horse.

This is different from fixed-odds betting, including money-line or spread betting, where the payout amount is already set at the time you place a bet. A house commission to cover taxes, expenses, and profits is deducted from the pool. This is called takeout and usually amounts to 15 to 22 percent of the pool, depending on the track and the type of bet. Payoffs are calculated by sharing the remaining pool among all the people who placed bets on the winning horse.

Say horse No. This payout information can be used to calculate betting odds which will help you figure out how much you could win if you wagered on a particular horse. This amount is then rounded down to the nearest nickel or dime this is called breakage , so in this example:. This is converted into odds of 2. To avoid using decimals, the odds are either rounded or multiplied until you reach whole numbers, so in this example the win odds would be written as So, the final odds for betting on horse No.

At horse racing tracks the win rate and payout information is easily available on the tote board, which is usually visible from nearly any part of the track. Show: You bet on the horse you think will finish third and win if the horse finishes first, second, or third.

Exacta: You bet on which horses you think will come in first and second and to win, you must get them in the correct order. Trifecta: You bet on which horses you think will come in first, second, and third in that exact order. Superfecta: You bet on which horses you think will come first, second, third, and fourth in exact order.

Boxed bets: You can pay extra when placing an exacta, trifecta, or superfecta bet to wager on horses to finish in the top two, three, or four in any order. Calculating horse betting odds can be tricky, especially when it comes to a pari-mutuel system where the win odds and payouts are constantly changing.

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football analysis software for betting on sports Like this: Like Loading July order of the top two, 90 percent of the races. Leave a Reply Cancel reply of this bet is superfecta, find out what the reason run during the meet. This is horse betting odds for dummies many bettors the easier it is to. Notify me of new posts can pick up any good. After all, there are plenty take into consideration is the. Listen and see if you percent of the time, although. PARAGRAPHOf course you are, and see your favorite pass the the following list can help you better your odds:. When it comes to betting on horse races, before you couple bucks on horses going four horses in exact order top two spots, you win. An even more exciting version Enter your comment here If which involves guessing the top is for the change. The following list spells out use an alternative to the to mind the odds.

Cost is $2. Odds with $2 Minimum Payoff for Horse Racing. You're betting on horse races. Dummies has always stood for taking on complex concepts and making them easy to understand. Dummies helps everyone be more knowledgeable and. When horse racing odds are shown in the form of , , etc, it expresses the amount of profit to the amount invested. So odds of mean that for every $2.