|Wednesday 8th February 2023
Horse Racing Betting Terms and Bets
Humans have been wagering on horse racing for decades. However, given the degree of coverage and statistical detail involved, horse racing betting can appear complex and intimidating. Understanding the fundamentals of horse racing betting terminology will be the first step in the right direction.
Before you start learning the tricks and strategies of horse racing, it is best to understand terms and bets and then try out sportsbooks not on Gamstop to wager on your favorite horse races. Meanwhile, below are the terms and bets you should get familiar with.
Horse Racing Betting Jargon Defined
Win and Each Way
When you bet on a horse race, you can back a horse to win, which means that if the horse wins, you win, and vice versa. You can also back it to Both Ways (EW). If you back it EW, half of your bet, or stake, will be on the horse to win, while the other half will be on the horse to place.
To place, your horse must finish in the top three, but the number of places varies depending on the number of horses in the race. If your horse finishes first, you will receive a winning bet of half your stake at 1/4 or 1/5 of the odds, but don't worry. The odds will be covered later.
This bet involves multiple selections, with the winnings from each selection being carried over to the next selection. To receive a return, all selections in an accumulator must be successful.
A Canadian consists of 26 bets with five selections in various events. The wager consists of 10 doubles, ten trebles, five four-folds, and an accumulator. To ensure a return, a minimum of two must win.
This is a wager in which the goal is to correctly predict both the runner-up and the winner in a race. A straight forecast predicts the winner and runner-up in the right order, whereas a reverse forecast predicts the two selections in any order.
This bet is made up of 15 separate bets on four different events. The wager consists of four singles, six doubles, four trebles, and one four-fold. For a reasonable return, only one selection must win.
This is a bet made up of four bets on three different outcomes. The wager consists of three doubles and a treble. To receive a return, at least two selections must be successful.
The Starting Price
What exactly does SP stand for in horse racing? If you place a bet but do not take the specified odds, your winnings will be determined by the horse's SP. The SP is the final prevailing odds for the selections at the start of the race.
For example, a horse may have odds of 10/1 an hour before the race but only 4/1 when the race begins. If you bet £1 at SP, your winnings would be £5.
A market mover is a selection whose price changes significantly in either direction by increasing or decreasing odds, following horses that shorten up before the off can be profitable at times.
You can use a horse racing betting calculator to calculate your potential winnings. You need to enter your bet information, such as the stake, odds, and bet type, and the simple calculator will calculate any winnings. This tool is especially useful when calculating returns from multiple bets such as Trixies and Yankees.
Horse racing betting tips are bets people believe to have a better chance of winning than the odds suggest. These can come from followers, industry insiders, or anyone who believes they have discovered the missing piece of the puzzle. Tipsters frequently refer to their best tip as a NAP, their best day bet.