Understanding the Sport of Horse Racing
It features all the words and phrases you need to know, with detailed explanations of what they mean. Please note that this glossary also explains a number of words and phrases relating to betting on the sport.
The basics that you HAVE to know are not especially complicated, and you can learn about the more complex aspects as you go along. The first thing you should understand is all the different ways that you can bet on horse racing.
You may not be aware, but there are a few options here. The following are the most common. Fixed odds betting is the most popular way to bet on horse racing. This is where you place wagers with a bookmaker at specified odds. If your wager wins, you get paid out at those odds. If it loses, the bookmaker keeps your stake money. Parimutuel betting is a little different, as there are no odds involved.
Payouts are based on how much was wagered on a race in total, and how many people picked the winning horse. Exchange betting is where you strike wagers with other individuals rather than a bookmaker. This form of betting takes some getting used to, but also offers a few advantages over the other two options. These include racetrack bookmakers, casino sportsbooks, bookmaking shops and online betting sites.
The next thing you need to understand is that there are several different types of wager you can place on horse races. This often surprises beginners, but there are way more options than simply betting on which horse is going to win. Some of these options are very straightforward, while others are a little more complicated. We explain them all on the following page, with examples of how they work. You might even get lucky and win a few bucks.
Perhaps you want to take things a little more seriously, and give yourself a realistic chance of winning money consistently. We can help with this, but we need to make one thing very clear. No such system exists. There are several articles in our general sports betting section that you might find useful too.
Although none of them are specific to horse racing, a lot of the topics covered are relevant in at least some way. The following articles are especially worth reading. You should try to form good habits from the start though, so be sure to read the next section.
The more you get right at this stage, the better your chances of long term success. If you follow them as best you can, you should get your horse racing betting career off to a promising start. This tip is self-explanatory really. Betting for small stakes is a good way to do this. This just follows on from the above tip.
Horse racing takes place almost every day in one country or another. This means there are plenty of races to bet on.
Parlays or accumulators are popular among horse racing bettors. They involve making multiple selections as part of a single wager, and they can be very lucrative. The reason you add 1 is because your original stake is also returned. Dont listen to the answer below hes wrong. You can ask bookmakers for decimal odds instead of the normal ones and then its all done for you.
But as i said the answer below is wrong i studied maths at uni and been gambling since i was ten. It's just a way of giving odds in smaller increments which tends to happen as the odds get smaller.
This allows the bookies to adjust a price more accurately by fractions rather than by whole numbers. Hope I've made some sense! Ladbrokes site has a very good bet calculator application on it. All of the hard work for making winning forecasts predicated on numerous applicable, new factors is performed for you personally with the Zcodes System from here https: You merely place your bets on the options the machine provides you with and watch your winnings improve like by magic!
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Winning Sports Picks With Zcode! Sports Betting Picks - Winning Picks. Without going into too much confusing detail a simple way to understand the odds is to read it as the figure on the right is your stake and the figure on the left is your return How do you understand the odds in horse racing?
Reading horse racing odds!!? How to understand switches between different horse race classes? Answer Questions Is "Passing Wind" a good name for a race horse? Why would The Green Monkey develop laminitis? Why is it an advantage to "milkshake" a horse before a race? If spanking is really that good for kids?
Then why didn't American Indians spank?