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Betting on the horses

As with any other sport, you pick a selection, such as a particular horse winning, then put money on it. Of course, there is more to horse racing betting. This betting guide covers the different kinds of bets available and winning strategies. Punters also get to learn about horse racing ratings and finding the best horse betting apps.

Gambling on horse races is legal in most regions. However, punters should check local laws to be certain before using an online bookmaker. As well as win and each-way betting, there are a huge range of multiple bets and special markets available to horse racing punters. The relatively recent rise of Betfair and the betting exchanges has broadened the range of markets still further.

Bookmakers offer early prices on every race in the UK and Ireland, usually available by late afternoon on the day before racing. The early prices are updated constantly online so you can scout around for the best value in the market. These sites also not only highlight the best price currently on offer but also indicate which horses are shortening or lengthening in price. An each-way bet is effectively two bets on the same horse. You are betting half of your total stake on the horse to win and half on it to be placed.

If your selection wins, you win on both parts of the bet. The place part of the bet is paid out at a fraction of the win odds. The fraction of the odds on the place place bet depends upon on the type of race and the number of runners. You need a minimum of five runners to be able to bet each-way:. These terms are subject to special offers on featured events with bookmakers paying each-way down to fifth or sixth place for big races such as the Grand National.

For example, you may not wish to bet a heavy odds-on favourite but you fancy a specific horse to finish second or third. A different dividend is declared for Place and Show. One aspect of sports betting that remains constant across various markets is the availability of predictions. Horse racing predictions are forecasts that experts come up with about the results of an event.

Online predictions are some of the resources that punters use to make decisions. Smart betting requires you to know how to evaluate selections and choose the best one. Online predictions can help with that. With objective forecasts, you can provide clues about a specific event and then draw your conclusions from that. Should you trust online predictions, though? Online projections on horse races are typically from experts who have an in-depth understanding of the betting market.

They use their skills and knowledge to read the market and come up with the predictions. Horse racing professionals also use calculations and analysis. However, they are only helpful if they are well-informed and objective. Therefore, punters must be cautious about where they get forecasts.

Additionally, predictions should not be the only tool that you use. Research horse racing markets yourself. Learn about betting strategies and find the most suitable ones for you. Another crucial aspect to familiarise yourself with when betting on horse races are ratings. Horse ratings are figures assigned to racers to determine their categories.

Ratings are used to gauge the performance of a racer. Punters can use the figures to evaluate the statistics of a particular animal and then employ that data in making wagers. How are horses rated? For the aim of this guide, we will consider the racing system used by the British Horseracing Authority. Each horse must have an official rating OR. This figure is determined by a horse running a few races. The judge then assigns a rating if the horse wins a race or finishes in the top six.

If neither of these outcomes occurs, the horse has to keep racing. Flat race horses get a rating between , while jump racehorses get Every week, there is a re-evaluation to monitor the performance of the horse. Hence, depending on how the racer does, the rating could go up or down. Depending on the rating, a racer can fall into a class between 2 and 7. Class 1 horses have the highest ratings and, therefore, includes the best horses. A racer will move up or down the classes depending on the ratings.

The rating of a racer also determines how much weight it should carry in a handicap race. Handicapping allows horses to race at the same level regardless of the strengths or weaknesses of a specific one. Each-way betting can be made to pay if a cautious approach is adopted. Bookmakers will try to tempt punters with extra places on handicap races with twenty or more runners.

Statistically, you are much more likely to get regular place returns by confining your each-way betting to non-handicap races of runners. Place only betting may be useful as part of an overall strategy but is difficult to recommend as a bet. The temptation for punters is that they can secure a price much larger than the eventual SP for their selection.

The risk is that they could lose their stake without the horse even starting the race. There is the ever-present risk of injury or a simple change of plan by connections. This can apply to races such as the Cheltenham Gold Cup and Champion Hurdle and are promoted on their websites. Ante-post markets are open on every event at the Cheltenham festival for 12 months of the year with the exception of the handicap races.

Ante-post betting is not for everyone with the search for good value being tempered by a high element of risk. Bookmakers rush to quote prices for future events immediately after a big race but it is usually best to wait for the dust to settle. These prices can vary wildly and it takes a couple of days for the market to settle down. The risk is injury is something that has to be factored in but you can at least limit your risk by doing some research.

Often bookmakers will quote prices on horses for big handicaps where the connections or trainer have no intention of running. Study the racing reports regularly for confirmation of running plans before investing in the ante-post market. His massive win saw him leave Lambourn to embark on a training career in the United States. Their first obligation is to the owner and not to the media and their plans can change at the last minute.

You still run the same risk of losing your money if your selection does not take part, but you are in a better position to calculate likely running plans and assess the going. Some trainers will state in advance that they want fast or soft ground before declaring a horse so study the weather reports before risking a bet. By eliminating some of the market leaders you can sometimes find good value elsewhere. The recent innovation of supplementary entries is another factor to take into consideration.

Horses can now be supplemented late on for the Classic races at great expense. These can often have a drastic effect on the ante-post market. The fact that the owner has stumped up thousands of pounds indicates a degree of confidence so these entries are always worth a closer look. Forecast and Tricast betting involves selecting horses to finish first and second or first, second and third in the correct order.

This is a lot harder to forecast than a simple win or each-way betting but the rewards are a lot higher. Reverse Forecast and Reverse Tricast betting is the same as Forecast and Tricast betting except that the horses do not have to finish in the same order. The bet covers all the permutations of your selections. Each permutation is a separate bet within the Forecast or Tricast so your original stake will be higher.

Offer applies to Sport bets only. Exclusive to new members. For punters seeking a large payout from a relatively small stake, multiple bets are a popular choice. This involves combining horses from several races in doubles and upwards. Double — 2 horses combined, both have to win for you to receive a return on your wager. Trixie — 3 horses in combined in 3 doubles and 1 treble, 4 bets in total. You only need 2 horses to win to get a return. Yankee — 4 selections in 6 doubles, 4 trebles and 1 accumulator.

You need 2 horses to win to get a return i. This bet can sometimes include the incentive of double the odds if only one selection wins or a bonus if all horses are successful. Canadian or Super Yankee — 5 selections in 10 doubles, 10 trebles, 5 four-way accumulators and 1 five-way accumulator i.

As with the Lucky 15, there are often extra bonus payments on offer. A Heinz combines six horses in 57 bets: 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and 1 accumulator. A minimum of two of your selections must win in order to get a return.

Super Heinz involves every multiple combination of seven horses i. 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. 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.

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The rating of a racer also determines how much weight it should carry in a handicap race. Handicapping allows horses to race at the same level regardless of the strengths or weaknesses of a specific one. Each-way betting can be made to pay if a cautious approach is adopted. Bookmakers will try to tempt punters with extra places on handicap races with twenty or more runners. Statistically, you are much more likely to get regular place returns by confining your each-way betting to non-handicap races of runners.

Place only betting may be useful as part of an overall strategy but is difficult to recommend as a bet. The temptation for punters is that they can secure a price much larger than the eventual SP for their selection. The risk is that they could lose their stake without the horse even starting the race. There is the ever-present risk of injury or a simple change of plan by connections. This can apply to races such as the Cheltenham Gold Cup and Champion Hurdle and are promoted on their websites.

Ante-post markets are open on every event at the Cheltenham festival for 12 months of the year with the exception of the handicap races. Ante-post betting is not for everyone with the search for good value being tempered by a high element of risk. Bookmakers rush to quote prices for future events immediately after a big race but it is usually best to wait for the dust to settle.

These prices can vary wildly and it takes a couple of days for the market to settle down. The risk is injury is something that has to be factored in but you can at least limit your risk by doing some research. Often bookmakers will quote prices on horses for big handicaps where the connections or trainer have no intention of running.

Study the racing reports regularly for confirmation of running plans before investing in the ante-post market. His massive win saw him leave Lambourn to embark on a training career in the United States. Their first obligation is to the owner and not to the media and their plans can change at the last minute. You still run the same risk of losing your money if your selection does not take part, but you are in a better position to calculate likely running plans and assess the going. Some trainers will state in advance that they want fast or soft ground before declaring a horse so study the weather reports before risking a bet.

By eliminating some of the market leaders you can sometimes find good value elsewhere. The recent innovation of supplementary entries is another factor to take into consideration. Horses can now be supplemented late on for the Classic races at great expense.

These can often have a drastic effect on the ante-post market. The fact that the owner has stumped up thousands of pounds indicates a degree of confidence so these entries are always worth a closer look. Forecast and Tricast betting involves selecting horses to finish first and second or first, second and third in the correct order. This is a lot harder to forecast than a simple win or each-way betting but the rewards are a lot higher.

Reverse Forecast and Reverse Tricast betting is the same as Forecast and Tricast betting except that the horses do not have to finish in the same order. The bet covers all the permutations of your selections. Each permutation is a separate bet within the Forecast or Tricast so your original stake will be higher. Offer applies to Sport bets only. Exclusive to new members. For punters seeking a large payout from a relatively small stake, multiple bets are a popular choice.

This involves combining horses from several races in doubles and upwards. Double — 2 horses combined, both have to win for you to receive a return on your wager. Trixie — 3 horses in combined in 3 doubles and 1 treble, 4 bets in total. You only need 2 horses to win to get a return. Yankee — 4 selections in 6 doubles, 4 trebles and 1 accumulator. You need 2 horses to win to get a return i. This bet can sometimes include the incentive of double the odds if only one selection wins or a bonus if all horses are successful.

Canadian or Super Yankee — 5 selections in 10 doubles, 10 trebles, 5 four-way accumulators and 1 five-way accumulator i. As with the Lucky 15, there are often extra bonus payments on offer. A Heinz combines six horses in 57 bets: 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and 1 accumulator.

A minimum of two of your selections must win in order to get a return. Super Heinz involves every multiple combination of seven horses i. A minimum of 2 of your selections must be successful to get a return. Goliath — 8 selections in every multiple combination for a total of bets.

The bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and an accumulator. Again, a minimum of 2 of your selections must win in order to trigger a return. Scoop 6 — The Scoop 6 is the modern version of the old ITV 7 and is an accumulator on Saturday, across six chosen races. Each additional selection will increase your total stake. The Scoop 6 prize will roll over to the following weekend if nobody manages to name all six winners.

This means that the final payout can be considerably higher than the SP accumulator. This has resulted in syndicates being set up to chase the jackpot payouts. Winners of the Scoop 6 also win a Bonus Fund where they have to choose a horse in one specified race the following weekend. Tote Jackpot — The Tote Jackpot is a daily bet where you have to correctly name the first 6 winners at a specific meeting. Tote Placepot — A Tote Placepot is available at every British race meeting and requires you to select a placed horse in each of the first six races.

Dividends are declared after the last Tote Placepot race. These can be a popular bet at the biggest meetings of the year when there are large fields and competitive races, often leading to a large Place pot dividend. It consists of selecting a placed horse in the 4 Tote Quadpot races at your chosen meeting. The incentive for multiple bets is the hope of a massive win for a relatively small outlay.

For example, there is little point in placing a Lucky 15 on four horses that are all likely to start at short prices. The advantage of the Lucky 15 is that you get a return on one winner, yet you are staking four extra points than you would for a Yankee. Therefore you need odds of at least just to cover your extra stake. Likewise, you need for a Lucky 31 and for a Lucky Most professional punters argue against each-way betting and multiple betting but both have their advantages. The cumulative odds of his seven winners was over 25, — 1 but considerably larger if you took early prices.

The weight of the money rolling on to his seventh ride was such that Fujiyama Crest dropped from to favourite. Curley combined four horses running at Catterick, Lingfield and Kempton in accumulators placed overnight at odds in excess of 9, The horses had been placed with different trainers and had been off the racecourse for lengthy periods. Bookmakers were undoubtedly caught off guard and their losses mounted up as punters across the country joined in as the coup unfolded.

Unfortunately, most punters are unlikely to be blessed with the insight of Barney Curley but it does show how rapidly winnings can accumulate. For example: If you fancy four Willie Mullins runners to win at Cheltenham, you would win a lot more in an accumulator than you would from four single bets. The strategy here is to set aside a percentage of your outlay on the multiple bets so that two or three winners would still generate a nice profit from the single bets.

The best gambling sites also offer a wide range of Special bets on horse racing. There are often enhanced prices available on specific jockeys to ride winners and markets on the number of winning favourites at each meeting. Some firms refund bets on fallers in National Hunt racing and pay out on disqualified horses.

The introduction of the Betting Exchanges has opened up a wide range of new betting opportunities on horse racing. You are effectively acting as a bookmaker in that you offer a fixed price to a fixed amount. If the horse loses you collect the punters stake money but, if the horse wins, you pay the punter the amount of the stake multiplied by the odds you offered.

Experienced traders can use the betting exchanges to deal in both the win and lay markets with the aim of guaranteeing a profit. Obviously, this type of betting strategy requires a good deal of expertise. Regular Betfair punters can benefit from a commission points system where the amount is reduced over set targets.

You must have a suitably fast Internet connection and this is a very dynamic form of betting. The prices of the horses change rapidly through the race and this form of betting also requires experience and the ability to make instant decisions.

All bets are subject to Rule 4 deductions unless specified. This is to protect the bookmakers in the event of a short-priced favourite being withdrawn close to the start of the race. The deduction is calculated on the odds of the horse at the time of their withdrawal. If there is time to form a new market, the rule 4 deductions only apply bets struck prior to that time.

All of these deductions are explained in detail in the rules of each bookmaker and should be available on their website. All bookmakers try to attract new customers with free bets or enhanced odds. These betting offers are widely advertised. They usually require an initial deposit and some of the larger amounts require you to turnover your original stake several times before you can withdraw any winnings from your free bet.

There is nothing to stop you opening accounts with several different bookmakers and taking advantage of their free bets. These are often at their peak during Cheltenham Festival week. For example, one bookmaker offered odds of against jockey Ruby Walsh riding a winner at the meeting. 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. 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.

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