How to Bet on Horse Racing
Parimutuel betting is a form of sports betting. Money for each wagering type is placed into individual pools. The track takes out their administrative fees and the remaining pool gets returned to winning bettors.
Odds for horse racing are fluid and depend on the amount of money in the win pool. The odds are based on when the race starts, not when you place the bet. If you bet on a horse at 5-to-1 three minutes before the start of the game and he goes off at 3- to-one, you're going to get paid based upon those 3 to 1 odds.
There are several betting terms used in horse racing. Exacta is a correct choice of the top two finishers in a race. Trifecta, superfecta and daily double are correct choices of two consecutive races. Box is playing all the possible combinations of horses. The morning line is the prediction of how the betting picture will look at post time.
A Win Bet is a bet to select the winner of the race. A Place Bet pays you back if the horse you select finishes first or second in the game. Show Bet wins you money if it finishes the races first, second or third. Exacta is selecting the top two finishers in a race in order of finish. Trifecta selects the three top finisher in that order.
Daily Double is a wager on the winner of two consecutive races. Superfecta is selecting the top four finishers in a race in the exact order of finish. Box is playing all the possible combinations of a group of horses. Exacta bets are on combinations 1-2, 1.3, 2-1, 3-3 and 3.2. Morning Line is the prediction of how the betting picture will look at post time.
Horse racing payouts are dictated by $2 win bets. If you make a $4 win bet on a horse that goes off at 2-to-1, you would profit $6. A $10 win on the same horse going off 5- to 1 would make you $12.
How to bet on horse racing is easy on the computer or phone, but it's more difficult at the track. Tellers are happy to answer questions and assist you with the process.
How to bet on horse racing. Tellers request a specific order of information from bettors. Follow these five steps to keep the teller happy.
How to bet on horse racing. State the name of the track, the race number, and the amount you are placing a bet.
