Games Review Blog

If you’re a horse racing enthusiast, then you have certainly thought about placing a bet on a horse which is a particular favorite of yours before. Betting on horses is something which has been popular for a long time now, especially among those who own horses themselves. However, it is now something which is open to anyone. Before you lay your money down, keep in mind that betting on horses successfully is a complex area; but don’t let this discourage you. With the right information at hand, you can place bets which have a good chance of being profitable for you.

While the basic concept of betting on horses is winner takes all, there is more to it than this. Horserace betting falls into two types – straight betting and exotic betting. Keep reading to find out more about these bets and how they work.

WIN BETTING – Your bet is placed on one horse which must place first for you to collect on the bet.

PLACE BETTING – Your bet is placed on a particular horse placing second in the race (this is also called place). If the horse you have bet on finishes first or second, you collect your winnings. You won’t win as much as from a win bet, but you will have a better chance of winning.

SHOW BETTING – You place a bet on a certain horse coming in third (known as show position). If your horse finishes first, second or third, your bet will pay off. Your winnings will be lesser than those in a win or place bet but again, your chances of placing a winning bet are significantly improved.

WIN PLACE BETTING – You place your bet on a certain horse finishing either first or second. If the horse takes first place, then you receive the win and place payoffs! If your horse finished second, then you will get the place and the show payoff. Of course, you will want your horse to finish first – but even if they come in at place position, you’ll still have some winnings to show for it.

ACROSS THE BOARD BETTING – Betting on a horse across the board means your horse has to either come first, second or third. Should your horse come in first, you get all three payoffs – win, place, and show. Should it come in second, you may collect two payoffs – place and show. However, should your horse come in third, you would only be able to collect the show payoff. Here even if your horse doesn’t win, you have a chance of recouping some part of your initial bet.

There are two kinds of exotic bets: intra race and multi race bets. In an intra race bet, you place bets on more than one horse in a single race. In multi race bets, you bet on horses in consecutive races on a single ticket.

Knowing how horseracing bets work will give you a better chance of making winning bets. While there is a chance of losing as well as winning, knowing how the game is played will give you an edge. So what are you waiting for? Get yourself to the track and start making some responsible bets today; just remember not to bet more than you can afford to lose!