How Does Horse Race Betting Work? Get To Know The Basics  

The concept of horse race betting revolves by merely picking a deserving horse to wager. There are numerous horse racing activities happening all-year-round. Although the demand for horse race betting declined this year due to the Coronavirus outbreak, there are still racing events happening in selected venues, while others are postponed.  

Horse race betting games are unique because they come in several categories. Unlike the typical ball games, horse racing is attended mainly by horses, and the prize at stake depends on the difficulty level of the betting games you play. Aside from that, you are not required to pay a lot since a small amount of money will do.  

While it’s easy to bet on horses, picking a deserving winner is quite challenging. Aside from that, the whole terms of betting on horses, including the categories, can be a bit confusing. As such, we will lay out how horse race betting works so you can play the wagering games effectively. You can apply the horse betting strategy you already have in mind for higher chances of winning.  

Straight Bets  

Straight bets are the most in-demand horse race betting games that every punter loves to play. Aside from not requiring too much money to gamble, it is fairly easy to play. The prizes may not be much, but if you win consistently, then you can end up winning big. That said, here are the straight bets you can play in a single horse racing league.  

 

Win – it is the most straightforward bet game you can gamble where you only have to pick a deserving racehorse to win the whole competition. The horse you choose must display optimum strength and speed to accomplish the racecourse in the first place.  

 

Place – this kind of horse race bet is lax because you have an option to make. To wager in this category, you must pick a racehorse that can either place as the winner or the runner-up in any order.  

 

Show – this horse race betting category gives you a lot of freedom when playing. It is the easiest one because you only need to get an entry you like to bet this time. You don’t have to worry if your horse places either first, second, or third because you are still going to win.  

Exotic Bets  

Exotic bets are quite challenging when betting on horses. Although it’s a bit difficult, a lot of punters still enjoy gambling in this category. It is because it does not require too much money when betting, yet the profit you get is reasonable.  

 

Exotic bets are mostly played in online betting, and if you’re up for a challenge, then you can wager for this category. Here are the exotic bets you must know.  

 

Exacta – the idea of playing these horse betting games is most likely the same as “Place.” However, the challenge is you must carefully select two racehorses that will place in the first and second spots correctly. You must take the time to decide which two entries you are going to wager.  

 

Trifecta – this betting category revolves around the idea of picking three entries to begin. Once done, you need to rank each entry as to who would be the winner, the first runner-up, and the second-runner up. You need to ensure that they finish the racing game correctly in the order you placed them to win this category. 

 

Superfecta – this is the most challenging horse betting game to play. Because it needs a lot of time and effort to contemplate, it also has the largest amount of payout. To wager for this game, you have to select four horses that can place first, second, third, and fourth in the correct order.  

 

Quinella – this is quite easy because you only need to find the right entry to wager on for this bet. To win this betting category, your horse should end up winning in the first or second place regardless of the order.  

 

Daily Double – this is a unique betting game that is usually offered either in the last two races or the first two racing events in a horse racing show. To play and win, you should bet for a racehorse that can win in the two consecutive games.  

 

Pick 3 – the concept of this betting category is the same with Daily Double. The only difference is you have to pick a horse that can come out victorious in three consecutive horse racing games.  

Takeaway  

Horse race betting is an entertaining gambling game to take part in. Unlike casino games, it allows you to earn and win by betting on the horses. Apart from that, it also tests your betting capability through different levels of betting games you must wager. Hence, if you look forward to gambling in the upcoming horse racing games this year, make sure that you’re familiar with the essential betting guides listed above to know how horse race betting works  

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