In the United States, the third most popular betting sport is Horse Racing. The truth is that horse racing is a thrilling sport, both in terms of watching and placing bets. Almost every person watches the match, and they wait to attain the minimum age after which they can go for Horse Racing Betting. If you are one of them who wishes to know about betting types and how to place bets, read this article.
Types of Bets
To start betting on horse racing, the first aspect that players must know about is the betting types. If you are unaware of the bets, it would be challenging for you to decide which one has a higher chance of winning. The types of bets are:
- Win
In a win betting type, choose the horse that’s going to get the first position. If your horse wins, that’s great, but if it secures any other ranks except the first position, you lose.
- Show
Similar to win, pick up three horses, securing first, second, and third positions. As the risk reduces, so the payout that you can win also reduces.
- Place
Here, pick up two horses that are going to finish first and second. It is similar to win, but with the reduction in the risk, the payout also decreases.
- Exacta
Exacta bets are a little riskier from a place, win, or show as you need to predict horses securing first and second place in order. Even if the horses win, but the order is wrong, there is no point. That’s why; you need to be careful while placing the bets.
- Trifecta
Alike exacta, choose three horses in order, going to complete as of first, second, and third. Ensure that the horses need to complete the race similarly for you to win.
Now that you have the basic knowledge of types of bets, it’s time to look for some of the aspects that can help you win them.
- Select a reputed sportsbook
First of all, nothing can go right if you end up picking the wrong sportsbook. It does not give you a fair chance for everyone, and a lot of scams are also there. Therefore, it’s of utmost importance that you research carefully and then decide which sportsbook to opt for. Take a look at welcome bonuses, promotional offers, licenses, legal descriptions, etc. before signing up.
- The jockey’s and horse’s history
If you want your bets to be correct, you need to have in-depth data about the horse and jockey. Check out their previous performances, how many times they have won the matches, did they practice enough for the tournament? Collecting information about all these things will give you an idea where you can need to place your bets.
It’s your turn!
As you are well aware of how to place bets and win in horse racing, it’s time to try out. Try to use the welcome bonuses at its best and start with smaller payouts bets. When you start winning, you can opt for high-risk bets and win more payouts.