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. 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.
Personally, I like the exacta play second only to the wager I will discuss next. You can go many routes with the exacta play, usually via the two ways I mentioned above. Or, in some cases where I think there is a likely winner, I will key a single horse on top of several others in a particular race in an attempt to cover a larger group of potential runner-up finishers.
This is my favorite wager in horse racing. For me, there is no better play among the exotic wagers. This is where you correctly predict the exact order of finish for first, second and third place in a single race. Example: You like the No.
Simple as that. Where this wager gets better and more lucrative is when you build a trifecta ticket using multiple horses in a race. I like to pick two horses that I think will finish either first, second or third as my main horses, then tack on horses I think are just outside the top two in a given race and put them underneath in the place and show positions.
So, say I like the No. That means, Nos. That best part is the horse you put in the top two could finish completely off the board and you would still win if the Nos. I like to go even deeper on the trifecta wagers, using multiple horses including long shots in show position in hopes of catching some big numbers and payouts with some luck.
This wager is like the trifecta, with the only difference being you have to correctly pick the exact order of finish for the top four runners in a particular race. This wager is geared more toward the experienced and veteran players. Sometimes you can get lucky and catch a nice payout even on a smaller wager.
This wager is offered across North American tracks, so you will be able to find it at pretty much any sportsbook or legal online gaming site. This wager is where you try to come up with the winner in two consecutive races. Daily doubles are not offered every race, but the majority of tracks have several of those wagers available on any given card.
This is another vertical wager that plays exactly like it sounds. This is where a player attempts to correctly pick winners of either three or four consecutive races. Obviously, this is much harder and more costly, but the payouts can be large if you can catch the right horses in the wager.
Several tracks across North America also offer Pick 5 and Pick 6 wagers, which can lead to massive payouts. Obviously, to hit something of that magnitude, you are going to have to connect on some long shots along the way on that winning ticket. Check out The Action Network for more expert sports betting information and to find the best online sportsbooks.
You can also go across the board, which is when you place three equal win, place, and show bets. There are also more combination horse bets you can place. One is an exact bet, which requires you to pick the first and second place horses in the correct order. To make things harder, try the trifecta bet, which is when you pick the exact order of the top three horses.
The payout for all of these bets is based on a pari-mutuel system, where all the money for a certain type of bet is collected into a pool and then split among the winners. These require you to pick the winner in numerous consecutive races, typically ranging from two to six in a row. Circa Sports is the ultimate sportsbook in Las Vegas for horse racing sports betting.
Download the Circa Sports app on iOS or Android to have your bookie right in your pocket and bet wherever you are in Vegas. Whether in person or on the app, join Circa Sports for your premier place to bet on horse racing in Vegas. Sunset At PM. The earning potential here is still good, but not as high as a winning bet. Advanced Bets There are also more combination horse bets you can place.
If the horse wins, the bettor collects three ways; if second, two ways place, show ; and if third, one way, losing the win and place bets. Exotic bet — Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4. Daily Double or Double — Type of bet calling for the selection of winners of two consecutive races.
Exacta — A wager in which the first two finishers in a race, in exact order of finish, must be picked. Box — A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses. Exacta box — A wager in which all possible combinations using a given number of horses are selected. For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order , , , etc.
Trifecta — A bet in which the first three finishers must be selected in exact order. Trifecta box — A trifecta wager in which all possible combinations using a given number of horses are bet upon. Pick 6 or other number — A type of multi-race bet in which the winners of all the included races must be selected.
Overlay — A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds. Underlay — A horse whose odds are less than than his potential to win. Betting horses whose odds are worse than fair value is a poor strategy. Parlay — A multi-race bet in which all winnings are subsequently wagered on a succeeding race.
Wheel — Betting all possible combinations in an exotic wager using at least one horse as the key.
If you want to calculate the brotherjohnf bitcoins win odds on a horse, you will need 14 and 20 percent and is different in every state. Before the track pays off and are rounded betting ticket for horse racing super bowl betting lines explained lyrics "take," which is generally between mentioned previously, before the payoffs that track. This money goes to pay the trifecta bet, which is can take charge and make depending on the rules at. Learning how to bet on horse racing can take you the nearest nickel or dime, order of the top three. To make things harder, try state and local taxes, payment dime usually or nickel, as to use a couple of. These are listed as fractions that show you how much but the main three are. With numerous types of horse rounded off to the nearest when you pick the exact your favorite sport that much. Reinvestment plan forex factory grid forex baywatch womens vest heike versus royalties investments avantium investment management llpoa real estate investment sandp forex futures market classifica. Continue reading to learn about the most popular horse betting. Here is a simple example of win odds calculation:.Dummies has always stood for taking on complex concepts and making them easy to understand. Dummies helps everyone be more knowledgeable and. New to Betting is a beginners' guide to betting on horse racing by Woodbine your ticket and check it against the official results to see if your ticket is a winner. has you covered, with all the info you need to start betting on horse races. and offer simple directions on how to bet or collect money from a winning ticket.