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Sports

Horse Racing Guide: Here’s What You Need To Know About Betting in Racehorses

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When people think of horse racing, their mind immediately goes to the Triple Crown Series. You will surely encounter these races if you plan on placing your money on horse races. Indeed, there are numerous betting opportunities, from the Kentucky Derby to the Belmont Stakes. You can bet in thoroughbred races and even in standardbred races!

If you’ve ever thought of getting in on the action of horse races, this page is for you! This page covers what you need to know about betting on racehorses and more!

How You Can Place a Wager on Horse Races

If you’re a first-time bettor, you’ll be glad to know that betting on horses isn’t that complicated. You, too, can bring home the bacon with discipline and a strong will.

When betting, you have two options; you can either go to the venue itself. In these places, physical booths will take your bets and give you a ticket. If your predictions didn’t pan out, you’re instructed to tear your ticket apart. However, if you win your wager, keep the ticket and take it back to the window where you placed your wager to collect your winnings.

On the other hand, if you don’t want to go to the venue to place your wagers, you’d be glad to know that there are numerous options online! Nowadays, various online betting websites offer different rewards and bonuses even to newly registered people. Some sites even offer great mobile accessibility, which is excellent if you don’t want to place your bets on your laptop and instead do it on your phone.

To understand more about horse racing, visit legit sites such as those from TVG. These sites typically offer helpful informational guides that help you gain a better understanding of racehorses and the races themselves. The following are the general steps you have to do when placing a wager on horse races:

  • Note the name of the racetrack.
  • Note the race number.
  • State how much money you’re going to place.
  • Note the type of wager you’re going to place.
  • Choose the horses you’re going to pick and how many.
  • Check your ticket before clicking confirm.

Betting Tools You’ll Need

Are you thinking of going to the racetracks? Then, you’ll need to bring your sunscreen or umbrella with you to beat the heat! You may also want to bring binoculars to watch your favorite horses pass the finish line. In addition to these items, there are other betting tools you’ll need to bring with you that would help you make a wise betting decision:

  • Public handicapper selections – You can get this tool if the local newspaper covers the racetrack. Usually, they will pay a handicapper to make daily horse selections.

 

  • The Daily Racing Form (DRF) – It’s recommended that you research the previous performances of your top picks. And the DRF provides the information you’ll need to get on the horse’s past performances. It also includes informative articles about handicapping and horse racing and betting.

 

  • Tip sheets – You can get these daily selections from the race track handicapper. These are incredibly helpful when using a handicap on horses.

 

  • Racetrack program – Like most sports, horse races also have a program. These sheets have all the information you need about the racers. It includes information on the horses, trainers, owners, and jockeys.

Types of Bets You Can Place

If you plan on betting in horse races, you must know the types of bets you can place. As mentioned above, when making bets, you must note down what kind of bets you will place. Read on the following to get to know the betting types and get familiar with the terms:

  • Win: You’ll pick one horse you predict will win the race. You’ll win your bet if they win the race.
  • Place: You’ll pick one horse that you predict will win first or second place. It’s perfect for bettors on the fence if their horse will win first place or second.
  • Show: It’s like place bets; however, in show bets, you pick one horse that you think will win either first, second, or third place.
  • Quinella: It’s like place bets; however, in quinella bets, you will choose two horses that you think will win first and second place in either order.
  • Exacta: It’s like a quinella; however, you must pick two horses that will win in the exact order. For example, you predict that Horse A will win first place, and Horse B will win second place.
  • Trifecta: You’ll pick three horses that you think will win 1st-3rd places in the exact order.
  • Superfecta: To win a superfecta bet, you’re going to choose four horses that will win 1st-4th places in the correct order.

Final Thoughts

Now that you’ve read the information you need to keep in mind when horse race betting, you can now apply this information when you’re betting on the contenders yourself. Remember that the key to winning big in horse races is information! Therefore, it’s a must that you continuously educate yourself on crucial information about the races.

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