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The race begins, the anticipation builds, the finish line roars and you are congratulated by your friends when you walk out with cash in your pocket.
Everyone wants to be a winner, but the reality is that most of us do not fully understand the intricacies of horse racing odds.
Sure, placing a bet is easy enough but that is why most race goers walk out with less money than they came in with.
Are you one of them? Are you just placing bets blind and hoping for the best? We made this guide just for you! Here we will explain and simplify horse racing odds to make betting easier.
One of the surest ways people lose money on horse racing is not knowing how to bet or understanding the odds. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting.
Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as or tell you what you pay and how much you get back if the horse you bet on wins.
The first number tells you how much you could win, the second number is the amount you bet. Odds are displayed in one of two formats.
Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5.
To get your potential return, multiply the odd by your bet. If the odd is displayed at 5. These are published in either the program, racing form, or online at your sportsbook.
Show: Your horse has to finish first, second or third. Across the board: You make three separate bets to win, place or show. Exacta aka perfecta : You must pick two horses that finish first and second in the exact order unless "boxed" or "keyed" — see below.
Trifecta: You must pick three horses that finish first, second and third in the exact order again, can be boxed or keyed.
Superfecta: You pick the top four finishers in order again, can be boxed or keyed. Hi 5 aka Super 5 : You pick the top five finishers in order again, can be boxed or keyed.
Box: A bet in which you pick multiple combinations in a wager, so you cash if they hit the board in any order. Beware: This can get expensive, as you pay your wager amount times all possible combinations.
Key: A bet in which you pick a horse in a particular spot, usually to win, and then pay for the combinations going to the rest of the horses listed.
This saves money by not paying for a lot of extra combinations, but if your horse doesn't finish in the specified spot, you lose.
Multiple-race wagers aka "betting horizontally" Double: Pick winners in successive races. This traditionally used to be an early double on the first two races of the day and a late double on the last two races, but now tracks have "rolling doubles" throughout the card.
Pick 3 aka "triple" : Pick the winners of three straight races. Place odds and likely payoffs are not readily available to the public because they are dependent on who runs first and second.
Though there are ways of determining approximate payoffs by calculating the amount of money bet on each horse in the Place pool, newcomers to the game are advised to enjoy the experience and not get too hung up on the mathematics.
As is the case with Place bets, odds and likely payoffs are not readily available but an approximate return can be computed. Horse Racing.
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The horse you select must come first, second, or third. You bet on two horses, and your picks must place first and second in exact order.
The wager is placed on two horses again; this time, they must place first and second in either order. The horses you select must win the two consecutive races.
The payout could be delightful, dependent on the horses. Equine betting can be very profitable when you understand how odds work.
Read on to make some sense of the odds. The rule states that the top number of the fraction reflects the payout and the bottom number, the wager.
You would usually simply multiply your stake with the decimal to see your winnings. How to Bet on Horse Racing — Your Guide to Horse Racing Betting Horse racing betting is one of the most popular past times in the UK, especially when the Grand National is on.
At the post At the post is before the race when all sprinters have come up at the start. Won on the Bridle The racer won easily.
The Jolly The horse that is favourite to win the race. NR NR is the abbreviation for non-runner. Site Card A printed card usually referred to as a racecard.
Why Bet on Horse Racing?A furlong is 0. Breakage is a device tracks use to compute payoffs so they can be rounded to the nearest, lowest cent increment 10 cents in New York rather than paying in exact amounts e. Gonzos the Rule 4 Deduction comes into Online Dating Portale to deal with that.