|Monday 20th February 2017|
Betting on Horse Racing - Types of Bets
Betting on horse races is the oldest form of betting and yet most people know very little about this type of betting. Even experienced punters often choose to bet on football, basketball or other more popular sports even though betting on horse racing is quite easy when properly explained.
And just like there are previews such as the bet365 poker one in which you can learn more about the Bet365 poker room, there are articles such as this one, which help you learn the basics of betting on horse racing. We will organize the types of bets in three groups from easier to more difficult.
We start off with bets which give punters a higher chance of winning, but on the downside are often with very low odds and small pay offs as a consequence. In this group are the bets known as Show, Place, Win and Quinella.
The easiest bet when it comes to horse race betting is Show. With it the horse that you choose has to finish first, second or third. It's the safest bet out there, but the pay offs are quite small.
With the bet Place your horse must finish first or second, leaving you with a smaller margin for error than the previous bet, but it still is considered as one of the safest bets in horse racing. Pay offs are expectedly low.
When you are betting on a Win, you are actually betting on your horse to win the race. This is the most straightforward bet, the pay offs are decent and that is why it is probably the most popular bet with punters.
The most difficult bet from this group is the Quinella. When you are placing this type of bet you are picking the horses which will finish in first and second position. The order in which they finish is not important as long as they are both in the first two positions.
More Difficult Bets
This group of bets includes the Exacta, Trifecta and the Daily Double. The Exacta is a more difficult bet than the Quinella because it means that your horses must finish first and second in the exact order.
The Trifecta takes this one step further, meaning that you have to guess the first three winning horses in the exact order. It is quite difficult to do this, but it pays off well.
The Daily Double is a little different than the previous bets and it implies that the horses that you choose must win in two consecutive races.
Very Difficult Bets
The last and most challenging group of bets includes the Superfecta and Picks 3, 4 and 6. With the Superfecta punters have to guess correctly the first four positions in the exact order. This is incredibly difficult, but very rewarding when got right.
Picks 3, 4 and 6 mean that the horses you choose must win in 3, 4 or 6 consecutive races. Obviously each of these bets is more difficult than the last one and they offer huge winnings.