Category: Betting

Beginners Guide To Betting On Horse Races

Horse betting is basically the same as any other type of betting. The customer, or ‘punter,’ places some money, ‘the stake’, on the outcome of an event, in this case a horse race. The person he gives the money too, then offers the punter ‘odds’ on the chosen outcome on which he has placed his bet. The more likely an event, the lower the odds. This means that if your chosen outcome prevails, you will receive a lower reward than if the outcome you are betting on is extremely unlikely. Lets apply these basics to horse racing betting.

You turn up to the race track and see the athletic array of horses lining up for the first race. You have a few dollars in your pocket and you want a ‘flutter’, that is, you want to take a chance and place a bet. You see a horse you like the look of and then you check the odds given for that horse. You discover that this horse has never won a race, has a novice jockey riding it, and that the conditions on the course are exactly the type of conditions that this horse hates. In basic horse racing betting terms this is what would be known as a ‘rank outsider.’

You find out that the odds for this horse are 100/1. This means, that if you put one dollar on this horse, and it wins, then you get one hundred back in return, plus, your original dollar. To the inexperienced punter this may seem like a worthy investment, but remember—this horse has been given these odds for a reason. A horse at 100-1 is estimated to win a race such as this only one time in every hundred races.

 At the opposite end of the scale is the race favourite. You search around to discover the odds for this in form horse with a champion jockey riding it is 2/1. If you bet on this horse and it wins, you get two dollars back for every dollar you bet on it plus your original stake. Not such an exiting prospect, winning two dollars, but far more likely. But that is the basics of horse racing betting. At Judi Bola Resmi site, the prediction of the game is easy for the players. The betting at horse races is available at the website for offering limitless entertainment to the gamblers. The understanding of the basics is required to participate in the betting leagues and tournaments. 

 Every race will have outsiders and favourites or joint favourites. All will have odds that represent in the minds of the bookmakers, the people that you pay your money too, the chances each horse has winning. These people follow the form, know the owners and jockeys involved, and decide who they think may or may not win.

 The basics of horse racing betting follow these principles. Odds can come in the shape of 11/2, 13/4, or any other fraction that gives the ratio of return deemed appropriate by the bookmakers. You can bet on the winner, or if a horse comes in the top three places, and during a race meeting there are a whole range of possibilities for accumulators and multiple bets. But you decide if you want to play the odds, or take a chance on the horse whose name you like. After all it’s the races, and anything can happen.