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Betting on horse racing is one of the most antique hobbies there exists. Betting on the result of horse races can be amusing and lucrative if you know what you’re doing and can beat the odds. This guide will help you to do that, understand the odds and what to pay attention to as well as helpful tools at the track and the mechanics of placing a bet, the types of bets you can place, and your odds of winning.
Placing Wagers on a Horse Race
Betting on horse racing isn’t a complicated at all. Usually, you place your bet and take your ticket then, tear it up if you didn’t win. On the other hand, if you’re fortunate you may take your ticket back to the window and collect your winnings. But more often than not, you find yourself following a step-by-step procedure in order to fulfill the betting:
Step One: First of all, you start this process by stating the name of the racetrack. There are several racetracks over the USA in more than 30 states.
Step Two: Second of all, you must define the number race you’re betting; due to there are many races running in a day.
Step Three: The next step it’s determined the dollar unit of your bet i.e. how many dollars you must pay in order to acquire one unit.
Step Four: The final step, therefore, will be stating the type of wager.
Step Five: As a step five we can tip you as follow; you can bet on a single horse or on a combination of horses to win. You just state the number of the horse or horses you want to bet and follow all the steps described above. Anyhow, always remember to check your ticket before you leave the window.
Horse Races Tips
When you’re at the racetrack betting on horses you may find the following tips very handy:
- Sunscreen and Umbrella; race tracks for horse races are totally exposed to sunlight so it’s a huge risk to assist at the races without a sunblock.
- Binoculars; to see your most wanted pass the finish line and don’t miss anything.
- Racetrack program: it contains useful information on all the horses, jockeys, trainers, and owners.
- The Daily Racing Form (DRF): It provides the past performances of all the horses running and includes informative horse racing articles and handicapping by DRF staff.
- Public handicapper: If your racetrack or off-track betting (OTB) is covered by the local newspaper, they may pay a handicapper to make daily horse selections; very useful information when you’re about to bet.
- Sheets of Handicap tips: these are daily selections published by handicappers at the racetrack.
At the races, there are odds with $2 minimum payoff for Horse Racing and when you’re betting on horse races you want to know how much your winning bet will give you. To calculate your $2 win price, take the odds of your horse and multiply the first number by 2 then divide that by the second number and then add $2; just like that! Following is a list of payoffs at various odds for quick reference:
Betting on horses at the racetrack it’s not a one-person activity exclusively; you have fun betting on your own or with a bunch of your friends on a show parlay. It’s simple as this; each of your buddies ante up (let’s say) $5 on the pool. Each partner in the group picks one race and one horse to bet to show. Place the first bet, and if you win, parlay the money on the next race and horse. This way you can add up very fast your winnings.
As a matter of fact; nearly 90 percent of the races are won by the top ten riders of the charts; and the 33 percent of the races are won by the favorite horses, although at low payoffs. Furthermore, on each racetrack, there’s a television simulcast reporter who handicaps between the races so you must listen to every word they say and see if you can get additional information or some tips to improve your chances to win.
The forecast of how the public will bet the race is what the industry calls the Morning Line is not who the racetrack oddsmaker likes in the race. Now, if you want to start on this without risking a lot, you can do it by betting overlays, it’s a snap! Betting overlays are to play a couple bucks on horses going off at odds two to three times higher than its morning line.
When it comes to betting on horse races before you even place a bet on a horse you need to decide what type of bet to place. As the bets you can make range from a simple bet on a single horse in one race to choosing the winning horses for six consecutive races; indistinctly the way you choose, the most important thing, if you really want to make profit out of it, it’s to get as much information as you can.