Have you ever been unsure as to how you are able to bet on a live horse race? Here is a simple guide that will teach you the basics of horse betting according to artofmanliness.com, that will make your experience at the race track a more enjoyable one.
If you don’t feel like venturing to the horse tracks, you can also opt to bet online and take a gamble on your horse. If you choose to bet online, you will be able to watch real live races and win money. With the Derby Jackpot you can pick your winning horse by name, colour or odds.
How to Bet on a Horse
You will first need to find a horse track and find out what the racing schedule is. You should arrive at the horse track at least half an hour earlier so that you are able to familiarize yourself with the race track.
When you arrive at the race track, you should buy a racing program. The program will have information about the horses and the jockeys that will be racing in each race.
You should try and find a seat that is in view of one of the racing monitors. These monitors will display the betting odds, race number and a live feed of what is happening on the race track. Using the race number on the monitors, use your program and go to the current race.
You need to decide on the horse that you believe will have the best chance of winning. In the program you will see that each horse has been assigned a number which also features on the horse’s saddle pad. You will need to evaluate the horses one at a time using the information that is provided in the program.
You will need to look at:
- The percent chance that the jockey will win the race on the particular horse
- The horse’s race record
- The estimated odds of this horse winning the race.
- You need to take into account the estimated outcome for the first three places and
- The additional information like the jockey’s overall winning percentage, trainer’s overall win percentage and the owners overall win percentage.
You will then need to decide on the kind of bet that you would like to make and the amount that you wish to bet.
Some of the most common bets are:
- A win bet is if you think you know the winning horse
- A place bet is if you think a horse will come either first or second
- A show bet is if you think a horse will come first, second or third
- An exacta bet is you think you know the first and second place horses in order.
- A quinella bet is you think you know the first and second place horses but not in the order
- A trifecta bet is if you think you know the first, second and third place horses in the exact order
- A superfecta bet is you think you know the first, second, third and fourth place horses in the exact order.
You need to observe where everyone else is betting as the more people that bet on a particular horse the worse your odds becomes. You then need a winning horse that is not favoured by the crowd.
You need to place your chosen bet with one of the cashiers. Once you have made your bet you will receive a ticket with the details of your bet.
You will just need to watch the race and wait for the official outcome to appear on the monitors. If you have a losing ticket you can throw it away. If you have a winning ticket you will need to present it to the cashier so that you can receive a cash voucher for the amount that you have won.
Once you are finished at the race track, you can take your vouchers to the cashier who will pay it out in cash.