Find out how to determine the values of your payoffs and odds

Even though there are a lot of people placing bets on horse races, the truth is that few of them actually know how to properly read the tote board. The data presented on the tote board includes the odds of winning the race for each of the horses entered and the maximum amount you can gain if you bet a certain sum of cash. More exactly, when you see something like 6-5, the correct way you should read it is: for each five dollars you place on the bet, you will gain six dollars.

It is important to note that the tote boards only hold an estimation of what you will win and do not represent the actual payoff you will receive in the event that you guessed right. In fact, they are rounded off to allow people to make the calculations easier. As a consequence, a 3 can represent anything between 2.9 and 3.2. Whether the estimation is up or down when rounded will depend on the policies of each individual tracking race.

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A mini guide of the most common multiple horse bets

In order to find out how you can place wagers on multiple horses at the tracking race, first you will need to learn the basics of placing a single bet. This task is quite simple; as all you need to do is find out the entry number of the horse you are interested in betting on, then choose the type of wager and the amount of cash you want to place on it. If you are new to horse racing, then it is important to note that most tracks have a beginner window where you can place the minimum wager allowed by that track. The teller, which is the person responsible for registering your bet, will hand you a ticket with all the aforementioned details and you are done.

If you want to make the bet more interesting, then you can choose to place an exacta or trifecta bet. Whilst the exacta refers to picking out two horses and specifying which one will come in first and which one will come in second, the trifecta is basically the same thing with the difference being that you can pick three horses. If you do not want to take that much of a risk, then you can opt for an exacta or trifecta box. These are wagers that enable you to guess the horses that will come in the first two or three positions without specifying the exact order. Another type of option you have available with multiple horse wagers is the key bet. With this you pick the key horse that will win the race and select more horses that will come in second or third.

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How to become a horse owner

For those who yearn to become a racehorse owner the following books come in handy to help you have your dreams come true. Before taking such a leap, there is a lot you can learn from these books, whether it is buying at the auctions or even claiming a horse before the start of the race. It is worth noting that horse racing is expensive and sometimes risky, but with these books, you will learn much on how to handle such issues. Let us have a brief analysis of the books you should choose to be successful.

New Thoroughbred Owners Handbook

Edited by Laura Proctor, this book has such a good, but short introduction, to horse racing for thoroughbred owners as well as the Breeders Association. The book sheds light on how to become an owner, how to find and actually get the horse you should buy, as well as all the help you will need to meet this goal. In addition to that, this book gives an insight on the steps to follow to get your horse right to the racetrack and down into the winner’s circle. The guideline closes with the cost you should expect for the whole activity.

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Understanding the different types of horse racing events

Although it is an equestrian sport, horse racing has attracted quite a following over the centuries. Actually, it is one of the most attended and enjoyed sporting events in the world. Despite its popularity with the masses, not many people are aware of the existence of several different types and classes of horse racing events. Analyzed below are some different forms of racing events practiced the world over.

The renowned Kentucky Derby race

This type of a horse race is very popular and offers horse racing enthusiasts a lot of excitement whilst it lasts. It is triple the adrenaline and fun! The renowned Kentucky Derby, the Belmont and the Preakness Stakes form the famous Triple Crown championship. Up to now, only 11 horses have so far completed and won this prestigious race.

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