|Friday 9th April 2021
Factors To Bet On In Horse Racing
There’s a thrill of going to a horse track, betting on a horse, and watch it run around the tracks at what seems like lightning speed in hopes to finish first. Not only are the horses stunning with their iridescent coat but in combination with the jockey’s outfit, the entire experience leaves quite the impression.
There are other types of gambling entertainment that you can experience like at Online Casino Ireland, where you can find other exciting forms of gambling including slots.
Straight VS Exotic Bets
Exotic bets allow gamblers to make numerous bets on several horses in a single bet. These kinds of bets are known to be harder to win than straight bets are. The reason being that they require a higher degree of expertise in picking horses, and it can be a much more expensive approach.
However, if you know what you are doing, the profits are much more with exotic bets than they are with straight bets because you have to make the effort in predicting which horse will finish in which order for a single race which is why the stakes and the thrill are much higher.
For beginners, it’s advised to stick with straight bets because they are much simpler and are less risky. To make a straight bet, all you must do is pick a horse that will come in first, second or third. Although these kinds of bets don’t payout as much as exotic bets, they require far less skill.
A win bet is simple; all you need to do is pick the horse you think will win the race, and if the horse you picked wins the race first, you get to collect the winnings.
A place bet requires you to pick a horse that you think will win first or second position in a single race. If your horse finishes in first or second, then you get to collect. The payouts for a place bet are less than a winning bet but, you do get the advantage of collecting if your horse finishes in the top two positions.
A show bet is like a place bet however, with this bet, you’ll be picking a horse that you think will win in the first three positions. With this bet, since there is a higher chance that your horse will land in the top three spots, the payout is lower.
Across the Board
Across the board is a bet where if the horse you picked wins the race, you’ll get a payout from all three previously mentioned bets. But, if the horse finishes in second place, you receive the place and show bets and if the horse comes in third place, you get a payout from the show bet.
With a Win Place Show bet, you bet on a horse on one ticket and if your horse wins then, you will receive Win Place Show payoffs. However, if your horse finishes second, you receive Place and Show payoffs. And, if your horse comes in third place, then you receive the Show payout.
With an exacta bet, you’ll be picking two horses that you think are going to win the top two positions, in the correct order as your bet. Exactas are the most popular type of exotic bets because the possibility of winning them is more likely than other bets. The downside of these bets is that they are the lowest paying.
A quinella bet is when you gamble on two horses to come in first and second place. The order they finish doesn’t matter. The most important factor is that your horses finish in the top two positions and if they do, you can collect your winnings.
Trifectas are the same as an exacta bet but with three horses and to win this bet, you need to pick the three horses you think will win, in order.
A superfecta bet is just like a trifecta except you bet on four different horses in a particular order. So instead of two horses, you need to pick four in the correct order. This is much more difficult than the others but the payout is much higher.
Horse racing is one of the best types of sports betting because there are so many different options when it comes to bets. Even if the competition isn’t that exciting, the wagering and thrill of it all are what makes it an unforgettable experience. The great thing about betting on these events is that there are options for those that are just beginning to wager on horse races while there are other bets which are more risk but, have a greater payout for more experienced gamblers.