How To Place A Bet On Horse Racing

Every bettor should have a realistic goal in mind when they begin a day of horse racing betting. “Realistic” is the keyword here. Many bettors will tell you they are looking to make a big score. However, one only stands to win so much by betting $2 on a horse to win each race. It even has a calculator to work out how much you need place on each part of the bet and how much you will win. Then you place a bet with the relevant bookie shown by the software and lay off the bet on Betfair for guaranteed profit, whatever happens. If the horse wins or loses, you still make a profit. When you place your bet, it will sound something like: 'At Saratoga, Race 3, $5 to win on number 6!' Types of Bets You Can Place at the Saratoga Race Course Straight Wager Bets. Win - Pick a horse to finish first. This is the most common and simplest bet you can place. Place - Pick a horse to finish first or second. Show - Pick a horse to. A quaddie bet is relatively new to the gambling scene, but it has taken off since its introduction. Initially only available on Victorian race meetings, quadrella bets are attractive because they have massive betting pools largely built by big and small punters. During the bigger carnivals, such as the Melbourne Cup carnival, quaddie pools reach.

• How To Bet On Horse Racing Singapore
• How To Bet On Horse Racing In Bangalore
• How To Win A Bet On Horse Racing
• How To Put A Bet On Horse Racing

There are lots of different places to place a bet. Some like the hustle and bustle of the on-course bookmaker, some like the camaraderie and tradition of a betting shop, and some like the simplicity of online betting. Whichever you prefer, hopefully this guide can lend you a helping hand in your betting endeavors.

On-course bookmaker

If you are at the racecourse, then one of the most popular ways to bet is with the on-course bookmaker. These are bookmakers who have “pitches” along the racecourse offering odds on the outcome of each race. Should you elect to bet with an on-course bookmaker, the best way to proceed is to note down the number of your selection, approach the bookmaker and say for example “£10 on number 6, please.” The bookmaker will then hand you a slip with the details of your bet on.

On-course bookmakers often have a minimum bet, and some are win only, so it is a good idea to note any stipulations before approaching.

Betting Shop

If you are not at the racecourse but would still like the physical aspect of placing a bet, then perhaps visiting a betting shop should be your modus operandi. Betting shops allow you to bet on the majority of sporting events.

How To Bet On Horse Racing Singapore

Once you have chosen your selection and the amount you are comfortable staking, you should take a slip and write down exactly that. If you are betting on horse racing, make sure you include the time of the race, the course the race will be run at, the name/number of the horse and the amount you wish to stake. If you would like to take the Early Price, then write the horse’s current odds on the slip, if you are happy to accept the Starting Price then do not write any price on the slip. It is good to note that a lot of betting shops offer Best Odds Guaranteed (where if you take a price and the SP is bigger, they settle at that bigger price), so it is worth checking if that’s the case.
One you have written this down, hand it over to the person behind the counter, along with the money, and they will provide you with a slip detailing your bet.

Online

Online betting is fast becoming the norm for modern-day gamblers, and it is easy to see why. Online betting is fast, easy and you can do it all from the comfort of your own home.

As before, once you have picked out your selection and stake, as well as identifying the best odds available, you should proceed to the online bookmaker who is offering those odds.

To bet online you will need to first create an account, and then deposit money into said account before you can place a bet.

Once you have completed these tasks, simply select the sport you would like to bet on, then the event (meeting if horse racing), then simply click on the selection to add it to your virtual “betting slip”. This will often appear in the right-hand-side of the screen.

There will be a blank box underneath the selection in the betting slip for you to enter your stake. Once you have done so your potential winnings should appear below (detailing how much you stand to win should you have identified the correct selection).

Once you are happy with your selection, odds and stake, you are ready to place your bet. Click the button that states eight “Bet”, or “Place Bet”, or something along those lines, and your bet will be placed.

It is always a good idea to check your bet once it has been placed to ensure everything is correct.

Collecting any winnings

Should you manage to pick out a winning selection then you will need to collect your winnings. This is relatively simple.

If you have placed your bet with an on-course bookmaker, simply hand over your betting slip once the race has finished and he/she will pay you your winnings, plus your stake.

If you have placed your bet in a betting shop, then similarly, just hand over your betting slip to the cashier, who will in turn pay you your winnings, plus your stake.

If you have placed your bet online then your winnings, plus your stake, should be automatically credited to your account once the event has completed.

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How To Bet On Horse Racing In Bangalore

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Place - Your horse must come in first or second.

Next to the win bet, the Place wager is one of the oldest and most traditional. With a place wager, your horse must finish first or second. The wager pays the same whether your horse wins or not.

Place and Show bets are much more conservative , as you are giving yourself room for error since your horse can finish first or second, or first, second or third in case of show. However this means that the payoffs are a bit lower since you are sharing the place payoff with another horse or two. They are are most commonly used along with other wagers, such as 'win and place', 'across the board' or 'win, place, and show', or 'place and show'.

Place payoffs and results
Place payoffs typically pay between $3.00 and $10.00, but can pay more with longshots and less with overwhelming favorites. Since the money you win in a place bet is generated by all of the money bet on the losing horses, the more horses in the race the greater your chances for a larger place payoff.

Reading the Tote Board
One important distinction is that the Place pool is an entirely different pool than Win. This means that horses may be bet differently in each of the pools. In a place wager, because you don't know which other horse will place, it is difficult to predict your potential place payoffs. But, by comparing the place dollars to the win dollars, you can check the percentage of dollars on your horse to place.

For example, looking at the #1 horse below, we can see that he has approximately 10% of the win pool, with $2,011/$20,000 = 10%. If we use the Win odds to as a yardstick, we would expect that the #1 would have about 10% of the Place pool bet on him, or $1,000 of the $10,000 Place pool. However, we can see that #1 has only $622 bet to place, or closer to 6% of the pool. This means that the #1 is paying better odds in the Place pool. The #1 is 8-1 to Win, but he is being bet like a 14-1 in the Place pool and will pay more accordingly.

How To Win A Bet On Horse Racing

This is like bargain shopping, when we get the value of a larger payoff when it 'should' offer a lesser payoff. The 'should' is based on the assumption that the Win odds are more correct that the Place odds. This is a logical assumption, however, since the Win odds are easier to see and more attention is paid to them, it is more likely that the Win odds are a truer reflection of the horse's chances. Keep in mind that if the #1 wins he will still pay more to win than to place (because Place has to be divided with another horse), but the #1 is a good value in the Place pool. In this case, it might make sense to bet the #1 only to Place.

How To Put A Bet On Horse Racing