Horse racing is a popular sport that people bet on for a variety of reasons. Some people enjoy the thrill of the race, while others enjoy trying to pick winners and make some money. It has become an enjoyable activity to bet on horse racing events.
What’s more, there are several numerous championship evens one can participate in, which makes horse racing something that a lot of people look forward to. If you are one of them and want to try different things, here is a list of wagers you can look into.
Sign Up on a Sportsbook and Load Your Bankroll
Before heading to the main part, you must first find a sportsbook that can accept your horse racing bets. Some sites only take a few types of gambling, and not everyone opens betting lines for horse races.
Before you place a bet, ensure first that you have signed up in the right sportsbook. Not only that, but the right sportsbook offers great odds and a wide range of payment channels to their clients, which can further improve your betting experience,
Once you have settled with a site, you must load your bankroll to prep your wagers. Your bankroll is the total money you have set aside for horse race betting. Remember that this is as crucial as choosing a sportsbook because it can help you manage your financial situation and not overspend what you have.
After that, you can now read more about how to bet on horse racing events easily.
Different Types of Wagers
Now off to one of the essential parts, the type of wagers. What makes horse racing betting extremely fun is that it offers various wagers to the bettors. Although available betting lines depend on the sportsbook, you can still learn the different types of bets to help you find the right stake for you.
Win, Place, Show
The simplest type of horse racing bet is the win, place, and show. It does not have complicated guidelines, and anyone can play, even the ones that don’t have experience in betting before.
- Win Bets. In placing your wagers in win bets, you must decide on a horse that can finish the race in the first place or straight out win the event.
- Place Bets. This bet works the same way as the win bet, but it gives you a higher chance of winning, wherein you can still pay out if the horse you bet for ends in first or second place.
- Show Bets. Show bets give you a better chance to win a simple bet. In this wager, you will only choose one horse, and you can win if they can finish the race in first, second, or third place.
Across the Board
On the other hand, if you have become more familiar with the abovementioned bets, you can try betting for all of them at once. This type of wager is called across the board. What it does is that it requires its bettors to place separate wagers on win, place, and show bets.
When the bet wins, the bettor can win their win, place, and show payouts. If their horse comes in second, they can receive their payoff from the place and show bets. However, if the horse ends in third place, they can only win their show bets.
Across the board is a relatively good bet where you can win considerable money, but it also entails many risks.
Exacta, Trifecta, Superfecta
Exacta, superfecta, and trifecta are the popular types of exotic bet. Exotic bets are the type of wager that allows its bettors to place several legs of the bet. To win, all the legs must be satisfied.
- Exacta Bets. This bet requires you to wager on two horses that can finish first and second. They must also be for you to receive your payout.
- Trifecta Bets. You will need to bet on three horses to finish first, second, and third places in order. If not, you lose your bets.
- Superfecta Bets. On the other hand, superfecta bets entail higher risks. In this case, you must wager on four horses that can finish the top four in order.
Pick 3, Pick 4, Pick 6
Unlike the bets above, where you need to bet on several horses, you will need to wager on different races.
- Pick 3. This bet requires you to choose a single horse in three consecutive races. All three horses must win in their respective events for you to win.
- Pick 4. Pick 4 is almost similar to Pick 3, except that you will need to participate in four races to win.
- Pick 6. Pick 6 is the same, but you must wager in six races.
Quinella
In addition to the list is the quinella wager. This type of bet is like the exacta bet where you will need to place money on the first two finishers of the race. However, in the case of quinella, these two horses can be in any order. In comparison, the risk in quinella is lighter. If you find the exacta intimidating, you can try your luck with quinella.
Final Thoughts
Regardless of your wager, as long as it is legal, you are more than welcome to participate in horse racing events. The perfect type of horse racing betting for you is the one you are confident in. Take your time learning the wagers and prepare your strategies to bring home more wins and further enjoy your bets.
