Tips on Horse Racing Bets for Dummies

Rick Surwilo, my father-in-law, had started going to the racetrack as a teenager with his family. You'll have easy deposit options there. How to enjoy a day at the races—and bet to win! What Is Totepool Betting? Shop by category

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If the horse wins you collect all three bets. If the horse finishes 2nd then you collect the place and show bets. If the horse finishes 3rd then you will only collect the show bet. Now that you know what type of bets you will be making you must decide how much you want to risk for the whole day. It is suggested that you separate the money you want to play with from the money you want to take home.

This way, win or lose you can find the enjoyment that makes thoroughbred horse racing one of the most popular spectator sports in the world! Daily Double The daily double involves picking the winning horse in two consecutive races. All tracks offer the early daily double which involves races 1 and 2. Most tracks also offer a late daily double which is the last two races of the day.

Some tracks also offer a rolling daily double which is on any two consecutive races. To win a daily double you must pick the winning horse in each of the two races. Multiple combinations can be used when playing the double.

Wheeling and keying horses in any leg of the daily is accepted. Quinella In the Quinella, you must pick the horses that finish first and second. Either one can be first and the other one second. This bet is exactly the same as the "Exacta Box".

Although the Quinella has the same function as the "Exacta Box" the payoff can vary substantially. You must remember that there is no such wager of an exacta box, it is really two separate bets on one ticket.

The Quinella wagers are entered into their own pool separate from the exacta pool. Not all tracks offer the Quinella wager, but to the best of my knowledge all tracks accept the term exacta box where ever the exacta wager is offered. Generally speaking, the better the horse, the weight it must carry. For many — perhaps most — fans of horse racing, it is the betting element that brings the excitement, or a large chunk of it.

If you are a beginner to horse racing, you are most probably — but not necessarily — a beginner when it comes to betting in general. In brief, you first need to get a handle on the odds, most regularly displayed as fractions in the UK system. Then you have each way bets. If you back a horse each way, you are really placing two bets: Depending on the size of the field, the horse can place in second, third, fourth and sometimes fifth as bookmakers sometimes have special offers on the biggest races like the Grand National.

And if your horse wins the race you are paid out for both the win and the place bets. There are many other types of bet available in horse racing, from predicting the correct order the first two or three horses finish in a race to multiple selections from different races to Totepool bets.

There are obviously many factors to take into account when picking a potential winner from a field of horses: You can look into a balancing act, which will surely pay off bonuses in the future. Some people have guesses, instinct, or what they call as gut feeling, and this tells them if a certain horse will win the race. This is not such a good idea when it comes to horse racing bets for dummies. Do not follow this kind of belief because instead of winning, there is a great likelihood that you will lose more often.

Placing a bet only on your favorite horse is another bad investment when it comes to horse racing bets for dummies. While there are odds, avoid depending too much on your favorite horses to the point that you are no longer willing to place a bet on any other horse except the one with the highest odds to win. While you can win by betting on a favorite horse several times, depending on this technique for too long may cause you unsatisfying results in the long run.