Most of these sites will have samples of what their PPs look like and it's a good idea to see what's out there and what works for you if you want to buy this type of information. Horse racing, more than any other sport, lends itself to many people trying to sell a potpourri of information to players. Tip sheets, data programs, betting strategies, pedigree analysis, and on and on and on.
Some of the information that is out there is great and some is pure crap. If you are just starting out in this game, start slow. Pick up a Form and take it piece by piece. As you get more into the game you'll start to know what information you want to have and what information is just a waste of money. In our opinion, learning to read the form is the first step in the birth of a handicapper. Even if in the future you utilize other methods than past performances to handicap a race, the foundation of handicapping knowledge can be built by learning how to read a racing form — whether it's a form by DRF, Brisnet, Equibase, or something entirely different.
All of the companies that sell past performance usually have "How To" guides explaining what all the symbols and numbers on their forms mean. A form can be very intimidating if you have no idea what any of the names and numbers represent, but once you learn the vocabulary it can be as beautiful as a priceless work of art. Learning to read a racing form will help you to understand the four basic pillars of handicapping: speed, pace, form, and class.
Simply put, "speed" is related to how fast the horses run the entire race; "pace" concerns how fast the horses run at different points of a race; "form" is related to the current condition of the horse and whether it has been running good or bad in its recent races, and "class" relates to the level of competition a horse has been competing against. A set of past performances provides clues to all four of these handicapping pillars, clues that the player must decipher in order to place a winning bet.
Learning to read a set of past performances isn't difficult but it's also something perfected over time. Once you master an understanding of what the data means, you then can move on to determining how much weight you want to give certain factors in making your wagering decisions.
You'll also start to develop you're own handicapping style, which is when the game starts to become a lot of fun — when you start picking winners based on your own theories and conclusions. If you want to watch live racing from the comfort of your own home you've got essentially two options: you can watch on one of the two TV channels that cover racing, or you can watch live streaming video over the internet.
Both networks broadcast the live simulcast feeds from the tracks and have on-air personalities that handicap the races throughout the day. Most cable companies offer TVG, although many have it as part of a sports pack or something similar. If you don't get TVG from your cable or satellite provider, you can still watch all the action through the wonderful world of the internet.
Live video streaming is provided free by a few tracks too few, if you ask me. Tampa Bay Downs, for example, is one track where you can go to their website and watch all of their races live. They also provide free replays. Keeneland also provides live steaming during their spring and fall meets.
If you want to watch the action from all tracks over the net you can usually watch through a wagering website if you are a registered member. The next section deals with wagering websites, or ADWs. Just watching horse racing is great, but the true thrill of the game is the ability to put your money where you mouth is and bet on the horses.
If you want to wager on all the action and you don't want to drive to your local track or OTB, AND you live in a state that allows ADW Advance Deposit Wagering , you can wager over the internet or the phone through one of several sites. Below is a list of a few of the larger ADWs that people use to wager.
Every site is different; some provide free video streaming, others charge a monthly fee or a "per wager" fee depending on your handle, and some give you rebates depending on how much you wager. If you decide to sign-up with an ADW, make sure you read all of the rules and requirements. Many ADWs are going to no-wagering fees and free video, but you should always do your homework before you leap. Make sure you check what tracks each site allows you to bet on because you don't want to sign up with an ADW that doesn't allow you to bet on Keeneland if you really like to bet Keeneland.
Go to one of the websites and try to sign-up. When you put in your address, the system will let you know whether they can take bets from you or not. Below is a short list of the big, well known ADWs. There are many others out there - some good, some not so good. We make no representation about any of these; some we've used in the past, others we've never played with. Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete.
Below is the smorgasbord of wagering opportunities offered by Churchill Downs on Derby Day:. WIN: A bet on a horse to win if you don't know this you probably shouldn't be betting. Those are the standard bets that everybody is familiar with. They are simple, straight forward, it's easy to calculate the cost, and they are easy to make. Where things start to become more complicated is with what are known as the exotic bets. Below are the exotic wagers offered by Churchill Downs this weekend:.
Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house. The odds represent what percentage of the total pool each horse is receiving. Below is an odds-percentage conversion chart for typical odds in horse racing.
To figure you how much you'll get paid if you hit your win bet, simply divide the numerator of the odds by the denominator, multiply that number by the amount bet, and then add the amount bet. Place and Show payouts are more difficult to calculate since tracks don't display the odds on those bets.
Usually, they pay less than half what the winning odds play unless the horse is a huge longshot and the favorite doesn't finish in the top three. Figuring out the payouts on exotics are a mixed bag; tracks display the "Will Pays" for exactas and daily doubles, but you won't have a clue as to what your trifecta, superfecta, Pick 3, etc. Generally speaking, trifectas and superfectas will return larger amounts, but be careful, playing all the favorites in a trifecta is likely going to return a small amount especially when compared to how much your bet cost.
The key to hitting larger scores is to find some longer priced horses to play along with shorter priced ones. We've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races. Many first time bettors think that to play a exacta or tri or any other exotic requires you to use just two or three or four horses in your play.
You can select as many horses as you want but the more horses you select, the more expensive your ticket becomes. The first step in determining what a specific bet will cost is to know the minimum amount required for each bet. At Churchill Downs, here are the minimum amounts required for each bet offered:. Two additional exotic betting terms that are relevant to wager cost are "BOX" and "WHEEL", and they apply specifically to exactas, trifectas and superfectas.
For example, say you like the 1, 2, and 3, you want to play them in an exacta but you don't know which one you want to pick on top to win. You could "BOX" those three horses in an exacta and you would win if any of those three finish first and second. For example, let's say you like the 1 to win, but think the 2, 3 and 4 might finish second.
In that situation you would bet an exacta wheel where the bet would be set up to pay if the 1 wins and either finish second. Glossary Used for Straight Bets These are the simplest bets you can make, taking into account only the podium finishes. Win is used when the horse you bet on finishes first, and you win the bet. Place is used when the horse you bet on finishes first or second, and you win the bet.
Show is used when the horse you bet on finishes first, second, on third, and you win the bet. Across the Board is used when a punter places three bets: one that the horse will win, one that it will finish second, and one that it will finish third. This way, if the horse finishes 1st, you will win all three bets. If it finishes 2nd, you will win two bets, and if it finishes 3rd, you will get paid just for the last bet.
On the Nose means that you are betting on the horse to win and any other result will not get you paid. In the Money means that a horse has finished either first, second, or third. Horse Betting Terms for Combination Wagers and Exotic Bets These bets are more complicated but can pay well once you understand how to place them. Boxed Bet stands for the situation wherein you bet on all possible combinations for several horses.
This is a great bet when you want to bet on two horses, but cannot decide which one will win and which one will place. Therefore, bet that Horse A will win and Horse B will place, and vice versa. Exacta is used in horse racing terminology to signify a bet where you choose two horses in a race and bet which one will finish first and which one will come in second. Quinella is similar to Exacta, but the difference is that the two horses can finish in any order for you to win.
Trifecta is the same as Exacta, but this time you are choosing three horses. They need to finish in the exact specified order for you to win. To win your bet, both of your horses must finish first. Pick 3, Pick 4, and Pick 6 are horse racing terms in betting similar to the Daily Double Only this time, you need to bet on 3, 4, or 6 horses to finish first, respectively.
Additional Horse Betting Terms You Should Remember This horse racing terminology explains different situations on the race track and describes the punters more closely. A Bridge Jumper is someone brave enough to bet a massive amount of money on one horse to win the race. Dead Heat is a term used when two horses finish in an exact tie. Sometimes, not even the photo finish technology can determine the result.
Inquiry and Objection are horse betting terms in which something has happened on the track that requires inquiry, and a trainer, rider, or track official have cried foul.
The nap is considered the finest bet of the day from a tipster. It comes from the French card game Napoleon, whereby the top trumping card is the Napoleon. It usually applies to horse racing. A type of race in which the horses must jump over fences and ditches before they reach the finish line. A National Hunt Race could refer to a hurdle race or a steeple chase.
When a jockey makes a complaint against another competitor for an action s that took place during a race. Odds on is another way of calling something the favourite. If something is odds on to win, that means that it is the most likely to succeed as it has the most people putting their odds on it.
A parley bet is a single bet that combines two or more individual bets and depends on them all winning together. For example, you can depend on three different teams to win a game. It is also known as an accumulator. A patent bet is one of the least complicated of the combination bets. It consists of 3 selections of 7 bets. These are three singles, taking selections 1, 2 and 3, three doubles, taking selections 1 and 2, 2 and 3, and 1 and 3, and one treble, taking in all three selections.
This means that only one winning choice is needed to win. Examples of permutation bets are Lucky 15s, Heinz and Goliath bets. This is considered smart bets for people to take, especially on horse racing. When two or more horses cross the finish line so close together that the only way to distinguish the winner is by examining a photograph taken at the exact moment of the competitors crossing.
When the punter chooses a race meeting and then selects one or more horses from the first six races to place. The total amount of money shared among the competitors that finish in the top four or five positions. Named a super Heinz as it is even bigger than a Heinz, this is one of the largest bets out there.
It consists of bets over seven selections. That includes 21 doubles, 35 trebles, 35 fourfold bets, 21 five fold bets, seven six fold bets and one sevenfold bet. A horse whose pedigree can be traced back to one of the three founding stallions of the 17th and 18th century — The Darley Arabian, Godolphin Arabian or the Byerley Turk. Either refers to the Wigan-based bookmaker solely responsible for running pool bets on horse racing, or the type of bet in which a dividend is paid out from a betting pool.
A Trixie bet consists of four bets over three selections and is popular in gambling. These are three doubles and one treble. This is a full cover bet as each selection appears in at least two doubles and the treble. Two bets are needed to guarantee a return. This website contains advertisement.
A Abandoned A race that has been abandoned due to bad weather conditions. Accumulator A single bet that combines at least four different selections. Allowance Race A type of race that has set conditions and weights for the competing horses. Allowance A weight reduction permitted to females when they are racing against males or when three-year-olds race against older aged horses.
Ante Post Simply put, Ante Post betting is a bet put at least a day before an event. Apprentice A jockey that is still in training. At The Post The moment when the competing horses arrive at the staring point of the race. B Blinkers. D Dead Heat. F Filly. J Jump Racing. M Mare. The betting world can be a confusing place, especially with all the betting terms flying around. Home Betting Terms. Betting Term Description Accumulator A bet involving more than one selection with the winnings from each selection going on to the next selection.
All selections must be successful to get a return. A special offer whereby your bookmaker agrees to settle your bet at the starting price SP if it is greater than the early price you took when placing a bet. A canadian consists of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four-folds plus an accumulator.
A minimum of two must win to guarantee a return. A bet where half the total stake is for the selection to win and half is for the selection to be placed. The bet will be settled differently depending on whether the horse wins or places. A fold represents the number of selections in an accumulator, a four-fold consists of 1 bet with 4 legs that all must win for a return. A bet where the aim is to predict both the winner and runner-up in a race.
A straight forecast is the winner and runner-up in the correct order. A bet consisting of bets involving 8 selections. The bet includes 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an accumulator. A minimum of 2 of your selections must be successful to get a return. This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings of cut losses.
A bet consisting of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and an accumulator. A minimum of two of your selections must be successful to get a return. A bet consisting of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. Only one selection must win for a guaranteed return. A selection that changes in price significantly either way, by increasing in odds drifting or decreasing in odds steaming.
A technique employed by many by using fixed odds on the exchange market. The technique covers multiple outcomes either through in-play betting or by finding differences in bookmaker odds. A bet that consists of multiple horses. This is a broad term that could refer to a simple accumulator or more complex bets like a Lucky A price that is shorter than evens. Betting odds where the stake is higher than the potential winnings if the bet is successful.
Turn of phrase used to describe a narrow winning margin, often photo-finish winner. May or may not have actually won by a nose. A bet consisting of 7 bets involving 3 selections. Including a single on each selection, plus 3 doubles and 1 treble.
Just one successful selection guarantees a return. Backing a horse to finish in the places. The number of places depend on the number of runners, with two places available for a five to seven runner race, three places for eight to 15 runners, and four places for handicaps with 16 runners or more. Extra place terms are often offered by bookmakers. A series of three or more selections in 2-fold accumulators.
A round robin means 3 selections in different races, in 3 doubles, 1 treble and 6 single stakes about bets. One of the most commonly invoked betting rules, dealing with deductions from winning bets in the event of any withdrawn runner s from a race. The rule applies to winning bets struck at prices e. The rate of deductions is in proportion to the odds of the non-runner s at the time of the withdrawal.
Starting Price. The starting prices are the final odds prevailing at the time the race starts and are used to determine the payout to winning punters, unless a punter took a specified price at the time of placing the bet. Similar to the handicap betting system.
If you back a team to cover the spread, so a team will lose bu no more than 5 points, or win by more than 6 points. A type of bet frequently placed at a racecourse. You can back horses to win or place, and a dividend is paid out afterwards to winning bets as the bets all go into a pool.
The tote also runs other bets such as the placepot and jackpots. A bet consisting of 4 bets involving 3 selections. The bet includes 3 doubles and a treble. A minimum of two selections must be successful to get a return. A bet consisting of 11 bets involving 4 selections in different events. The bet includes 4 doubles, 4 trebles and an accumulator.
Guide to Betting.
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