how to bet on a winning horse

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How to bet on a winning horse do binary options work

How to bet on a winning horse

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RESTORATION TVG HORSE BETTING ONLINE

With the entire sports world pretty much shutting down due to the COVID outbreak, gamblers are left with very few options to satisfy the cravings in the world of betting. The NBA has gone dark for at least 30 days. However, horse racing will continue across North America during this global pandemic and it looks like it will be one of the only sports you can get action on for quite some time.

Take a look at some of the types of wagers you can make on the ponies, in hopes of heading back to the window with that winning ticket. That way, you cover everything. If the horse wins, you are going to collect the payouts on all three positions.

If they finish second, you collect the place and show spots. A third-place finish will get you just the show money. This is where you pick two horses and they have to finish in the exact order you place them on your ticket. For example, say you like the No. You would put the wager in as a exacta in that order for the play. That way, you have both horses covered on the order of finish.

Personally, I like the exacta play second only to the wager I will discuss next. You can go many routes with the exacta play, usually via the two ways I mentioned above. Or, in some cases where I think there is a likely winner, I will key a single horse on top of several others in a particular race in an attempt to cover a larger group of potential runner-up finishers.

This is my favorite wager in horse racing. For me, there is no better play among the exotic wagers. This is where you correctly predict the exact order of finish for first, second and third place in a single race. Example: You like the No. Simple as that.

Where this wager gets better and more lucrative is when you build a trifecta ticket using multiple horses in a race. I like to pick two horses that I think will finish either first, second or third as my main horses, then tack on horses I think are just outside the top two in a given race and put them underneath in the place and show positions.

So, say I like the No. That means, Nos. I like to go even deeper on the trifecta wagers, using multiple horses including long shots in show position in hopes of catching some big numbers and payouts with some luck. This wager is like the trifecta, with the only difference being you have to correctly pick the exact order of finish for the top four runners in a particular race.

This wager is geared more toward the experienced and veteran players. Sometimes you can get lucky and catch a nice payout even on a smaller wager. This wager is offered across North American tracks, so you will be able to find it at pretty much any sportsbook or legal online gaming site.

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. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed.

This fluctuation is called pari-mutuel wagering, or pool betting. With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse. Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables.

Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.

For easy math, we used round numbers. But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets.

At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races. Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout. Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.

One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs. Have fun at the race track, take a chance and hedge your bets! We hope this guide better explains horse racing odds and turns you into a confident bettor.

If you want to try and beat the horse racing odds, join our online betting platform and view live video of races! Want a better shot at walking away a winner? Then trust us and keep scrolling. Glad you asked! Changing Odds: Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Favorites: Each race has a favorite. Probability: Fractional odds can easily be translated to probability percentages.

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In the run-up to an event, the odds are constantly fluctuating getting smaller and bigger. This is especially the case at a betting exchange like Smarkets and Bedaq. These price movements are based on whether the betting community is buying or selling a certain horse. If the odds are getting smaller shortening this typically means the support for a horse is growing. The community think a win is more likely.

If the odds are getting bigger lengthening it typically means the opposite. The support is dwindling and the hopes for this horse are reducing. So we know odds help us pick winning horses but how can we check historical movements. We need to know which way the community is moving. This is incredibly helpful for working out which horses the market fancies. Another strategy you can use to pick winning horses is by researching what tipsters are saying.

Are racing tipsters all backing a certain horse? In terms of finding tipsters, there are various sites out there. You can consider a betting exchange like betconnect or a pure tipster site like Tipstrr. With sites like betconnect , this is incredibly easy as you can see from the following screenshot. All the important information is easy to read meaning you have peace of mind when it comes to following certain tipsters.

Let me know what strategies you use to pick winning horses by leaving a comment below right now. How to pick a winning horse Every bettor under the sun wants to pick winning horses on a regular basis. Analyse the racecard and form Horse racing is full of statistics and information.

Horses in the race names, age, number etc. Key aspects of form When looking at past races, there are certain questions that are worth asking like has the horse proven itself at the same course or over the same distance? Thankfully the racecard tells you this information making your job much easier.

The going Another piece of information that you can find on the racecard is the going. Distance between races The time between last races is another important consideration when picking winning horses. Well, this is made incredibly easy at certain betting exchanges. Follow betting tipsters Another strategy you can use to pick winning horses is by researching what tipsters are saying.

Variations of equestrian sports have been held since time immemorial, from tournaments in Ancient Greece, to shows in Medieval England. Betting on the performance of equines is just as old a tradition. And despite its long history, Horse Racing remains one of the most unpredictable sports out to bet on out there. This article will take a look at 12 ways to win with Horse Race Betting — some of our suggestions are applicable to all sports, but Horse Racing betting requires you to take into consideration a number of factors.

Such as a strong understanding of form , and awareness how different racing tracks influence horses , amongst others. But, hold your horses , in a horse race, everything can change in one moment. Tournaments are fast-paced, potentially dangerous, and intense. Many people make the mistake of betting their hard-earned fortunes, when they hardly have any knowledge of horse racing and are unclear of how to place a winning bet or what factors to look for in a horse, before placing a bet on it.

Ensure that you are armed with all the knowledge to cover all the essentials before placing your first bet , the more you know the better value for all of your future bets. One of the salient feature of horse racing is the accompanying race card, also known as form which contains all the vital information about the horses participating in the race.

This wealth of information makes the race form an indispensable tool for any novice bettor. Nowhere else will you find as much information about the horses participating in a race. So, ability to read race card or form is essential for anyone interested in horse race betting.

Horses come in all sizes, shapes and breeds. No two are the same and different horses will race in the tracks and tournaments that suit their racing style. Indeed, differences are so stark that there is a separate field dedicated to the study of horse breeds, particularly the ones which have been developed specifically for horse racing.

To handicap horses , you must have the ability to read the race day program as it contains vital information about all the races going to take place during that day. Race day program includes a section for each race taking place on that day with the statistics and history on all the horses racing in a race. Weather is one factor which can work as an invisible hand during a horse race as it affects results dramatically. So, always keep an eye on the weather as even a slight change in weather condition may completely change your odds of winning.

Racetracks have different surface types which generally affect the performance of horses on these tracks. Some race tracks may have artificial surface types which may be suitable for races during all types of weathers, whereas other race tracks may use natural dirt or grass tracks. You can get information regarding past performance on various surface types from the race day program which includes the performance of every horse on specific surface types. Maiden is the lowest class and stakes races are the highest category races which involve the best horses and their jockeys.

A horse with a first or second ranking in a race of a class may not perform well in a higher class as here its competition will be with much better horses. So, when analysing past performances, closely examine the class in which a horse has performed, as many bettors make the mistake of avoiding the class difference which results in terrible losses and lost opportunities.

LAS VEGAS BETTING LINE ON PRESIDENTIAL ELECTION

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. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time. Each race has a favorite.

This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed.

This fluctuation is called pari-mutuel wagering, or pool betting. With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse. Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables.

Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.

For easy math, we used round numbers. But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets. At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races.

Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout. Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.

One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs. Have fun at the race track, take a chance and hedge your bets!

We hope this guide better explains horse racing odds and turns you into a confident bettor. If you want to try and beat the horse racing odds, join our online betting platform and view live video of races! Want a better shot at walking away a winner? Then trust us and keep scrolling. Glad you asked! Changing Odds: Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Favorites: Each race has a favorite. Probability: Fractional odds can easily be translated to probability percentages. To see an example of this calculated, keep on scrolling! There are several types of pari-mutuel horse bets. A few of the most common are: Straight Bets Win Bets: Choosing the horse that crosses the finish line first. Place Bets: You are betting on a horse to finish second.

Speed projections. This is not the same as pace. Speed does not equal consistency which pace can. Distance is one of the biggest factors when it comes to betting. How has your horse run in other races of this similar length? Distance, pace, and speed are very powerful in tandem.

Take into account the track and the weather. If wise bettors detect any kind of bias in the racing surface, they incorporate it into their decision-making. What is track bias? You want to know how your horse will perform on whatever your track is.

A little rain quickly turns that dirt into mud. Take into account how your horse has performed in this type of weather, not just the type of track. Is her last race a true representation of her ability? Is she likely to improve or regress on race day?

Which horses raced against a bias last out and can be expected to offer a peak performance today? One thing to consider is the size of the purse and where the horse is coming from. Sprint races around one turn usually favor outside posts, while route races races with 2 turns at longer distances often favor inside post positions. Has she run a race like this in the past and done well?

You may want to consider other horse's post positions, too. If a certain horse seems to be speedier on the inside and for this race is on the inside, this horse will be serious competition. Only place bets on horses that have good speed projections. Choose the horse with the most success on a track of the same length.

Eliminate any horses that don't have a speed near that of the fastest horse. Want more quizzes? Keep testing yourself! Part 2 of Get familiar with your track, the tracks being simulcast, and get your papers. With your umbrella and binoculars in hand, get going to your track. The cost is usually 50 cents. Tracks often simulcast from other tracks, too. Buy a Daily Racing Form. This form is the most important weapon in a handicapper's arsenal.

It provides detailed information on each horse running in the day's races. As you get better and better you'll need less and less time, but for now work at least a few races in advance. Being patient and doing your homework will increase your odds like little else. Familiarize yourself with different types of bets. When you go up to window, you need to know what you want! Here are your basic options: Show — your horse can get 1st, 2nd, or 3rd and you win Place — your horse can get 1st or 2nd and you win Win — your horse must get 1st to win Quinella — bet 2 or 3 horses to finish 1st or 2nd, in any order Exacta — bet 2 horses that must finish in 1st and 2nd in exact order Trifecta — bet 3 horses that must finish in 1st, 2nd, and 3rd in exact order Superfecta — bet 4 horses that mush finish in 1st, 2nd, 3rd, and 4th in exact order.

Know your odds and payouts. Consider: If a horse was recently claimed, or bought. If someone is willing to shovel out a chunk of change for a horse, they probably have potential. If there are any recent equipment changes. The owner is zeroing in on how to improve their horse's chances.

Look at her workout speeds. Are they consistent? If she's running at the same speed every day, she's probably in top form. Consider the gender and breed. Generally speaking, males are faster than females. Only three fillies females have ever won the Kentucky Derby, for example. Consider working out of two pockets. Any good bettor sometimes bets big and sometimes bets small. To keep yourself going and to keep from being bored between races you're very excited about, have a smaller pocket to work out of.

Betting, quite frankly, in any arena, can be dangerous. It's always important to know when to stop. Having 2 separate pockets can help you keep your head above water, too. Place your bets at the window and later collect your winnings. Remember this order: racetrack, race, dollar amount, bet type, horse number. Check your ticket before you leave the window, just to make sure it's correct. The racetrack is specified as many tracks are likely simulcast at the track you are currently in.

Part 2 Quiz What horse might you consider betting on? A recently purchased horse. A horse with inconsistent race times. A horse bred from unknown parents. A female horse. Part 3 of Track your own records. Just like you would if you were playing poker, keep track of your own performance.

Where do you seem to be making assumptions that aren't correct? What tidbits are you missing, resulting in betting on the wrong horse? What are you strong points? Knowing how you bet can help you overcome any personal weaknesses, too. When you go to the track, bring a pen and paper with you or a type of scorecard, just like avid fans of other sports do. Keep track of the results in addition to how you bet to jog your memory later.

Establish what types of bets produce the highest returns for you and make them the focus of your wagering. Determine what types of races you have the most success with and which you can't decipher. If you conclude that you seldom pick winners on turf, avoid betting on grass races until you improve your handicapping. Read books on the subject. You don't have to depend all on your own ingenuity and ability to see outside the box — this is a very established field, so take advantage of it.

Read reputable books about the art of horse racing. Knowing the strategy behind it like the back of the hand is one of the best things you can do for your odds. Of course, a lot of what's out there is just a giant scam to get your money. Research the author and preview the book before purchasing. Some people are out to make a dollar however they can. Attend workshops or seminars.

Some tracks hold monthly or even more regularly seminars or workshops on horseplaying. They'll be full of tips and tricks, where you can meet other aficionados, too. To find this information, just inquire at your track. You're likely get put on an email list for their newsletter that will be full of the necessary information.

Bet with friends. There's such a thing as a "parlay bet" and it can make betting on the horses even more fun. Then, each person picks 1 horse to show on a certain race. Place the first bet, and then if you win, place the next bet including the winnings.

Make sure the winnings and the losses get split evenly. Have everyone agree to a basic set of guidelines before participating in any betting. Some people may argue that they won while others lost — establish protocol before this happens. To get to this level, this basically has to be your job. But don't quit your day job just yet! Again, any type of gambling can be dangerous. Try to set yourself a limit — if you hit that point, you'll walk away.

It's to easy to get into trouble in situations like this; always be looking out for yourself. Remain dispassionate when betting. Increasing the size and scope of your wagers to try to recoup losses often only results in more losses.

Even the best horse players sometimes lose; they accept it as part of the game. What winning horse players don't do is wager recklessly when their emotions get in the way. Part 3 Quiz How can reading books on horse racing help you become better at betting?

Books will tell you which horses tend to race well. Books will teach you new strategies and tips. Books will explain why certain racetracks are the best. Carrying around a book on racing will make you look like you know what you're doing. Being a jockey is very demanding, it requires extreme strength in the core and a passion for horses, and you must be very lightweight. Start competing with your own horse at small scale races, if you're good, you're bound to attract attention.

Not Helpful 0 Helpful 6. If you are betting 4 horses to finish 1st, 2nd, 3rd and 4th in any order, the wager is called a "superfecta box". Not Helpful 0 Helpful 4. With horse riding, you are just riding the horse. With horse racing, you are racing the horse around a track for money. Not Helpful 1 Helpful 3. It depends on how much the owner, or whoever hired the jockey, wins. It also depends on how much that owner will pay. Not Helpful 4 Helpful 4. My personal opinion is low price claimers.

They are not consistent winners so it is a little easier to spot a horse that is improving and see the horses that are in a rut. Often these horses have patterns you can spot in past performances in the drf but pick your track and try to watch the races everyday if possible. There is nothing better than getting to know the horses and jockeys.

Not Helpful 10 Helpful 6.