How to Bet Horses

Whether you wish to gamble at the horse track, or online from your computer, you will want to first know how to bet horses. Horse racing is an exciting sport, one that provides those who like to gamble with the opportunity to win some extra cash. However, before betting any amount of money, it is a good idea to learn a little about the sport of horseracing and how to bet horses.

The following is a list and some brief descriptions of some of the more popular types of bets placed in horseracing. In order to learn how to bet horses, it is helpful to understand some of the betting terminology.

Types of Horse Bets

Single Bet or Straight Bet - This is the easiest type of bet for an amateur gambler. You simply choose your horse with the odds given and collect your winnings if your horse takes first place.

Pick Three - To win this bet, you need to choose the winning horses for three consecutive races.

Pick Six - Although it is very difficult to win at this one, the jackpot is very high. Which six races this involves may vary; some racetracks schedule the first six races for the Pick Six while other may choose the last six races.

Daily Double - To win this bet, you need to choose the correct winner for both the first and second race. Your bet must be placed before the start of first race.

Show - Your chosen horse must place in either first, second, or third place to win.

Place or "Wager for Place" - You collect cash if your selected horse comes in first or second place.

Quinela - For this type of bet, you need to pick the top two horses of a single race. It does not matter which order they place in. For example, if you pick Horse A and Horse B, you still win if Horse A places first and Horse B second or vice versa.

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When learning how to bet horses, the main point to remember is that the goal is to beat the odds maker. The odds are what determine how much you will collect if your horse wins. For example, the amount paid out for odds of 2/1 are much less than for odds of 9/1. In order to calculate how much you can win on a given bet, you need to know both the odds ratio and the bet amount. If your horse's odds are 3/1 and you are placing a bet of ten dollars, you would calculate the amount as follows:

Ratio * (amount of bet) + (amount of bet) = winnings.
(3 Ratio * $10 + $10 = $40) Your total winning for the above bet would be $40.

Learning how to bet horses can provide you with valuable information and tools needed to place horseracing bets both online and at a live track. The number of online gambling providers is rapidly growing. Many horseracing fans enjoy placing a bet online before watching the event on television.

Do you want to bet on sports 24/7? Bet horses online any time from over 80 world-wide racing tracks!


by Arthur Bodley at on April 07, 2014

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