A bet placed on two horses to finish first and second in either order. A bet placed on two horses but they must cross the finish line in exact chosen order. A bet placed on three horses to cross the finish line in exact chosen order. A bet placed on four horses to cross the finish line in exact chosen order. Daily Double. Similar to an accumulator you select the winners of the first and second races on that day.
You must place your bet before the start of the first race. Pick six winners in six races to share in a Jackpot prize. The rules and prizes will vary from race track to race track. Parlay or Accumulator. A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more races with the intent of pressing the winnings of the first win on the bet of the following race selected, and so on.
All the selections made must win for you to win the parlay. If a race is a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won. A bet on a future event.
At the start of each season, the sportsbooks give out odds for horses to win a certain event. The odds change as the race date approaches and in most cases get shorter, but if you win you get paid at the original odds that you took. This is possibly one of the most profitable bets if you have considerable knowledge of the race that you are betting on including the jockeys, and a good sense of judgement.
Exotic Bets. Betting on unusual events. Some sports books post odds and take bets on a wide variety of other sports related events and activities. A few others will take bets on just about anything you can think of. Proposition Bet or Prop Bet. An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets. Some practical examples of betting and variations The Daily Double: You win if you pick the winner of the first and second race.
Your bet must be placed before the start of the first race. Quiniela: You win if you pick two horses that finish first and second, in either order, in any single race. If the results of the first two horses are either or , you win. Quiniela Box: Pick three or more horses. You win if any two of your selections finish first and second. If they finish , , , , or , you win. You can box as few as three or as many as the field.
Perfecta: The Perfecta is similar to the Quiniela, except the two horses must finish in the exact order. Straight Trifecta: Pick the first three horses to cross the finish line in exact order. To win your Key horse must win and the other two must finish either or Yankee: made up of four selections combined into eleven bets four trebles, six doubles and a four-horse accumulator.
Super-Yankee: as above, but five selections combined into a total of 26 bets ten trebles, ten doubles, five four-horse accumulators and a five-timer. Note: Different countries and different race tracks may have different rules, use different terms for how to bet and also for the types of bets. If unsure, ask the sportsbook or bookmaker when placing a bet. A breed of horses noted for their racing ability.
I avoid these races for win betting. Successful race betting is a combination of handicapping, betting skills and discipline. A well known racing axiom I once read said: Win percentage has nothing to do with profit. Forget about how many times it went up or down, the only thing that matters is your ROI return-on-investment at the end of the year. Do you have money in a K account? Are you taking money out of your pay check and investing in a retirement account?
Do you allocate all of your money to the fund that returned the highest ROI in the last year? Ah ha, get it now. Value is in having different stocks, bonds, etc. Money management my friend. I went to the track with my financial adviser, and watched him do the opposite of what he preaches to me about for my K. So, how can betting risk be reduced — if not eliminated?
Once again, by spreading the bankroll — spreading the risk. Giddy Up Bonus! Giddy Up Bonus Exacta! About the author: Dennis is an award-winning handicapper, and is regarded as one of the nations most respected race and sports handicappers since Save my name, email, and website in this browser for the next time I comment.
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The favorite must be considered in every horse race, but consider whether or not to bet the favorite, or pass the race entirely. A recent example of this is what has been happening at Del Mar this year. Also, experienced Saratoga bettors know how hard it is for the favorite to win at the Spa.
Knowing when the favorite is legitimate is extremely important in horse betting — but even more important, is identifying the other true value contenders going off at higher odds. This is the real key to making profits in your horse race betting. When horses have shown contending ability and desire in previous races — even if matched against what appears to be a superior horse today — they can, and do win — sometimes at high odds.
If one of them fumbles 2 out of 3 times, would you put him in to cross the goal line? It blows my mind when I see bettors continuously betting favorites. Every time I watch the races on TV, it overlay this and overlay that one. But for most of us, horse race betting is an endeavor to make a profit. Take baseball for instance.
When the race favorite falters for whatever reason — remember, they do so two-thirds of the time. I stand to collect on other contending horses that will produce much higher returns. On the other hand — when a race has 2 or 3 low-priced horses that look legit — if one of them falters, one of the others is ready to win. I avoid these races for win betting. Successful race betting is a combination of handicapping, betting skills and discipline.
A well known racing axiom I once read said: Win percentage has nothing to do with profit. Forget about how many times it went up or down, the only thing that matters is your ROI return-on-investment at the end of the year. Do you have money in a K account? Are you taking money out of your pay check and investing in a retirement account?
Do you allocate all of your money to the fund that returned the highest ROI in the last year? Popular across the world, it is particularly popular in the UK with races, such as the Grand National, as well as in the USA with the Kentucky Derby, and the Middle East, where many of the top horses are owned and bred. Although there are many different types of horse racing and ways that horses may be raced, there are generally two types:. The object of horse racing is to win the race and this involves a great deal of skill and insight from the jockey, as well as huge physical effort from the horse.
Those suitable for horse racing include Thoroughbreds, Arabian horses, and Quarter horses. Differing national organisations may have their own rules as to what horses can compete. All riders wear a helmet and all carry a whip too. This can be a controversial piece of equipment as it is used to whip the horse to spur it on to go faster.
On some countries, jockeys are allowed to use the whip whenever and as much as they like, although some countries like the UK limit the number of times it can be used to prevent any distress to the horse.
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Millions of dollars are bet each day on races in North America, enticing players to put their handicapping skills to the test. It truly is an art form, and getting great at it will take time — but it may pay off. Not necessarily! Pace and speed work together to give you a picture of what the horses have done in the past. Speed doesn't tell you anything about how consistent the horse is, so even though they may have been fast once, they may not be fast again. Beyer Speed Figures will not give you a list of the horse's times, but not their previous race track lengths.
Research your chosen horse s more in-depth to find this information. Try another answer Beyer Speed Figures give you each horse's last speed performance, so if some of the horses aren't even close to the fastest speed, you can eliminate them. It's unlikely that a horse will magically race faster this time! Read on for another quiz question. This may seem like a strange thing to look out for, but if someone has recently paid a lot of money for a horse, it is a good sign that there is something special about them!
Investiage the horse's purchase and whether or not the owner had to spend a lot of money to bring the horse to the race. That is also a sign of a likely winner! Definitely not! Even though some of their times may be fantastic, an inconsistent horse is a scary bet!
Previous race times can be found in your DRF. Click on another answer to find the right one While this may sound like a fun underdog choice, this horse will probably not win. This information can be found in your DRF packet. Unless everything else points to this horse being fastest, try to bet on male horses. They tend to be faster! Not quite! Books will probably not include recent enough information to help you make betting choices.
You could read histories of specific horses to get a good idea of what winners act and look like, though! Horse racing has been around for a very long time, so don't think that you have to figure it all out yourself! Check out some books by well-known authors and see what you can learn!
While you might decide to read books about racetracks, this is not the only type of information they can provide. Although some racetracks are certainly fancier than others, they all have their own quirks! Guess again! This might be true, but looking like you know what you're doing will not help you become better at placing bets on racing!
If it helps spark a conversation with someone else who is placing bets, though, it could be the beginning of a fun friendship! To win at horse racing, start by looking at the track and the weather conditions for the race, since different horses run better under different circumstances. Consider picking up a racetrack program or a handicapping tip sheet to get information about the horses and their jockeys.
For tips on how to factor the Beyer speed figures into your handicapping process to increase your odds of winning, read on! Did this summary help you? Yes No. We've been helping billions of people around the world continue to learn, adapt, grow, and thrive for over a decade. Every dollar contributed enables us to keep providing high-quality how-to help to people like you. Please consider supporting our work with a contribution to wikiHow. Log in Social login does not work in incognito and private browsers.
Part 1 of Hone your handicapping skills. Handicapping is the process of determining which horse has the best chance to win a race. It is a test of your creative intelligence, not systematic computation. Look at the Beyer Speed Figures. Beyer numbers often serve as a starting point in the handicapping process. They are the bold numbers found in the middle of each DRF, indicating the horse's past performances.
Handicappers often use the horse with the highest last-race Beyer as their focus and eliminate horses that have never run a figure close to this horse's figure. There are two numbers: pace and speed. Pace projections. By scanning the past performances, handicappers try to estimate the pace of the current race and determine which horse will benefit most from it. The first bold-face number, pace, shows whether the horse likes to be on the early lead or not.
Speed projections. This is not the same as pace. Speed does not equal consistency which pace can. Distance is one of the biggest factors when it comes to betting. How has your horse run in other races of this similar length?
Distance, pace, and speed are very powerful in tandem. Take into account the track and the weather. If wise bettors detect any kind of bias in the racing surface, they incorporate it into their decision-making. What is track bias? You want to know how your horse will perform on whatever your track is.
A little rain quickly turns that dirt into mud. Take into account how your horse has performed in this type of weather, not just the type of track. Is her last race a true representation of her ability? Is she likely to improve or regress on race day? Which horses raced against a bias last out and can be expected to offer a peak performance today?
One thing to consider is the size of the purse and where the horse is coming from. Sprint races around one turn usually favor outside posts, while route races races with 2 turns at longer distances often favor inside post positions. Has she run a race like this in the past and done well? You may want to consider other horse's post positions, too.
If a certain horse seems to be speedier on the inside and for this race is on the inside, this horse will be serious competition. Only place bets on horses that have good speed projections. Choose the horse with the most success on a track of the same length. Eliminate any horses that don't have a speed near that of the fastest horse.
Want more quizzes? Keep testing yourself! Part 2 of Get familiar with your track, the tracks being simulcast, and get your papers. With your umbrella and binoculars in hand, get going to your track. The cost is usually 50 cents. Tracks often simulcast from other tracks, too. Buy a Daily Racing Form. This form is the most important weapon in a handicapper's arsenal. It provides detailed information on each horse running in the day's races.
As you get better and better you'll need less and less time, but for now work at least a few races in advance. Being patient and doing your homework will increase your odds like little else. Familiarize yourself with different types of bets. When you go up to window, you need to know what you want! Here are your basic options: Show — your horse can get 1st, 2nd, or 3rd and you win Place — your horse can get 1st or 2nd and you win Win — your horse must get 1st to win Quinella — bet 2 or 3 horses to finish 1st or 2nd, in any order Exacta — bet 2 horses that must finish in 1st and 2nd in exact order Trifecta — bet 3 horses that must finish in 1st, 2nd, and 3rd in exact order Superfecta — bet 4 horses that mush finish in 1st, 2nd, 3rd, and 4th in exact order.
Know your odds and payouts. Consider: If a horse was recently claimed, or bought. If someone is willing to shovel out a chunk of change for a horse, they probably have potential. If there are any recent equipment changes. The owner is zeroing in on how to improve their horse's chances. Look at her workout speeds. Are they consistent? If she's running at the same speed every day, she's probably in top form. Consider the gender and breed. Generally speaking, males are faster than females.
Only three fillies females have ever won the Kentucky Derby, for example. Consider working out of two pockets. Any good bettor sometimes bets big and sometimes bets small. To keep yourself going and to keep from being bored between races you're very excited about, have a smaller pocket to work out of.
Betting, quite frankly, in any arena, can be dangerous. It's always important to know when to stop. Having 2 separate pockets can help you keep your head above water, too. Place your bets at the window and later collect your winnings. Remember this order: racetrack, race, dollar amount, bet type, horse number. Check your ticket before you leave the window, just to make sure it's correct.
The racetrack is specified as many tracks are likely simulcast at the track you are currently in. But a looser definition says a straight bet is when you wager that a horse will finish first, second or third. That said, several terms relate to different kinds of straight bets that can increase your odds of winning a little money.
A winning horse will pay the most on bets that it will finish first. It will pay a little less for place bets and even less for show bets, but it can effectively pay out in three ways—thus the allure of across-the-board bets. As the name suggests, "exotic" wagers are fancier and more complicated. They involve more than one horse.
This means they're harder to win, but they also pay more than straight bets. Here are a few examples of exotic bets. Got all that?
Few sports have as many betting tips and strategies compared to horse racing. Horse betting strategies are almost an art form, but many beginners can benefit from using some basic horse betting tips that will get them off to a good start. In horse betting tips, this is what each phrase means. Keep in mind that in this betting environment, you are playing against the other bettors and not the house which is a big difference compared to casino gambling.
You can cash in your tickets at once which you should do at the end of the day. Keep the winners in one place so you can leave with your winnings. Before proceeding to online horse betting first you have to research in your own way and compare them with the horse betting tips provided by the sports handicapping system.
NOTE: The last two bet types are the easiest way to get acquainted with playing the races. Horse betting is all about the odds. Third-grade math skills go a long way in adult life. At the track, beginners should place bets at a betting window, manned by a human being. Horse betting follows a sequence.
So keep it safe in your sweet fanny pack. You will have bought the Daily Racing Form, basically the Bible of past-performance data for horses. He is constantly tweeting from Aqueduct, too. Bets can be combined in a number of ways to maximize your winnings. Here are the basics: Exacta - You pick the first two horses in order, the Win and the Place horses. Quinella - You pick the first two horses in either order. Trifecta - You pick the first three finishing horses in a row: Win, Place, and Show.
Daily Double - You pick the winners of two consecutive races. At Aqueduct, besides the normal multi-pick wagers, you have the chance of picking even more winners and getting even bigger payouts. Grand Slam - Pick a horse to finish in the top three in three straight races, capped by the winner of the fourth race in the sequence.