Archive for the ‘Horse Racing Betting’ Category

The betting system at horse races: A quick crash course 101

If you are passionate about horse betting and you are visiting North America, here is what you should know about the minimum sum that you are allowed to bet and the available combination of bets. It is important to note that the following guide provides current information that applies to all kinds of race tracks in North America, including greyhounds, quarter horse, harness, and thoroughbred. First of all, tracks accept a minimum wager of $2. However, you will be able to find some tracks that accept a minimum bet of $1 as well, depending on the type of wager you are interested in.

The simplest methods of betting is one where you will win the wager if your horse comes in first, second or third. In the event that you want to make things a bit more interesting, then you have the possibility of betting on two horses via the exacta bet, three horses with the trifecta bet, and the superfecta allows you to bet on four horses. In order to win the wager when you bet on multiple horses, then the horses should come in first, second, third or forth. Moreover, you will need to guess the exact place each horse will earn at the end of the race in order to collect.


The betting language of the horse racing tracks

If you are interested in earning some extra money via betting on horses, then you should first familiarize yourself with the common slang words and jargon used at the tracks. For instance, when you hear the words ‘bridge jumper’, then you should know that it refers to a person that is betting a large sum of money on a single horse. Most people do not dare take such a risk, since bridge jumpers are very likely to suffer a big blow to their betting budget if they are wrong in their predictions. However, you will seldom hear this phrase on the tracks nowadays, as there are very few passionate gamblers willing to take this risk.

The second category of slang you will commonly hear at a horse track is the one referring to the various types of betting. Therefore, if a person is sure of the ‘lock’, which is a horse that has very high chances of winning the race, then he will ‘bet across the board’, meaning that he will place a win bet as well as a show and place bet. If he predicted right, then he will be winning a lot of cash. However, in order to make a large sum from this, you will need to place your bet on an ‘overlay, which is a horse with lower odds of winning, calculated on its past performances.


Horse racing tracks in the city and how to predict a winning horse

Whether a person is poor or rich, a day out at the horse racing tracks is a really enjoyable and unforgettable experience. However, a lot of people are not aware that they have racing tracks near their localities. In every North American city there are horses racing tracks nearby, although they have a mixture of negative and positive public opinion. A negative opinion is sometimes good for the sport as most people get to understand the game even better. Nowadays, horse racing sport organizers have really improved in the way they both treat the riders and the racing horses.


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.