Horse Betting Terms: A Brief Summary
Horse betting is a popular form of gambling all over the world. It's been around for centuries and was once the entertainment of the upper classes. Now it's available to all social classes, as online horse racing betting websites provide bettors with the opportunity to place wagers from their own homes. Horse betting terms can be confusing for newcomers to the sport.
Common Horse Betting Terms. Read on to find out what some common staples really mean when it comes to horse racing and placing bets.
Win is the term used to describe a horse that should come first in the race.
Horse betting terms include place and show. If you place a place bet, your horse does not need to come first, but instead on the first or second place for ‘place’ and first place, second, third or fourth place.
Exacta and Perfecta are betting terms used to bet on horses that will come first and second in that order.
A ‘trifecta’ or “tierce” bet involves betting on three horses that will come first, second and third in a particular order. This is one of the hardest bets to get right, but it can be worth it if your prediction turns out to be correct.
Daily double bets involve placing bets on two different races held on the same day.
Pick 3, 4, 5, or 6 involves betting on winners of consecutive races. The odds of winning are lower, but you can make a bigger profit if your predictions turn out to be correct.
Horse betting works a little differently than other types of gambling. The odds of a horse winning are determined by how many people have placed money on it. For example, if a 7 to 1 odds are 7 for every £1 bet, you will receive £7 in return. Don't rely too much on your gut feeling when placing bets.
There are many options for online horse racing betting. Look for reliable websites that offer a welcome bonus. There are also many different options when it comes to horse betting terms and payment methods.
Horse betting terms can be confusing for new people. Research is important before you place a bet on a horse.
