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You can clear a selection added to the bet slip by selecting the cross. Click on the information icon to view the race name, date and start time. Total Stake for the betslip will be computed and reflected at the end of the page. Bets may be declined due to event closure or selection errors. Reason for decline will be indicated in the respective betline. Have more questions? Check out how to play Horse Racing.
Check out FAQs about betting online. Toggle navigation. Placing Horse Racing bets online Place horse racing bets right up to the start of the race. Make your Bet Selection s. You may select multiple horses in a single betline under the same bet type. If you have never done it before, you may not know where to place a bet.
Bets can be placed at a number of different outlets such as on the racecourse, in a betting shop or, even easier, directly through the Racing Post App or Website. The growing trend of internet gambling is possibly the simplest and easiest way to make a bet as the websites are designed to make it easy to understand racing and gambling terminology. Through the Racing Post App and Website betting online is easy. Scrolling through the various menus of the racecards section you can find the different meetings taking place on the day — simply click on the meeting and the list of runners in the first race at that meeting will appear.
The odds of the horse will normally appear on the right-hand side, if you click on that button a pop-up will allow you to place your bet. One of the traditional ways of betting is at the racecourse. It is recommended to take cash to the races as the transactions tend to run quicker, but some on-course bookmakers do take cards. Simply tell an on-course bookmaker the number of the horse, the stake of your bet and whether or not you want an each-way bet.
In the shop is another traditional way to have a bet. Simply take a blank betting slip, then write the name or number of the horse, whether it is a win bet or an each-way bet, and the time and venue of the race.
Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as or tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet.
Odds are displayed in one of two formats. Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5. To get your potential return, multiply the odd by your bet. If the odd is displayed at 5. These are published in either the program, racing form, or online at your sportsbook. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.
Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed. This fluctuation is called pari-mutuel wagering, or pool betting.
With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse.
Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables. Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount. For easy math, we used round numbers.
But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets.
At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races. Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.
Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.
One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs. Have fun at the race track, take a chance and hedge your bets! We hope this guide better explains horse racing odds and turns you into a confident bettor.
If you want to try and beat the horse racing odds, join our online betting platform and view live video of races! Want a better shot at walking away a winner? Then trust us and keep scrolling. Glad you asked! Changing Odds: Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.
In a race with 8 or more runners, the horse needs only to finish in the first to 3 to collect a dividend. When betting on horses for the place, the odds are considerably smaller, often less than a quarter of the win dividend. There is also plenty of opportunity to make serious money. The same calculation was made for the place component of each-way betting. With Fixed Odds, the odds that you get when placing the bet are your odds until the race is over.
The tote betting system combines all the bets for the place into a place pool that is separate from the win bets. Divide the total investment minus the rake for that bet type by the amount of money invested on the selection after rounding down. In fixed odds, the bookmaker calculates the odds for each horse at any given moment, based on the probabilities of it winning. Remember, your selections in place betting can also be used to bet the trifecta.
You can make them standout selections or roving bankers. Trifecta betting is a way to take place betting to the next level. For example, the online betting company Unibet often has the following betting bonus. This is a great way to mimic place betting because you get a return on investment even if the horse runs a place.
We should aim to make consistent profits over the long term instead of focusing on large windfalls. If you can see the potential for real profits over the long term, then dip your toes in the water and invest. Tags: betting , betting advice , betting systems , mathematics , online betting. Category : Punting Advice.
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