To many newcomers, horse racing can initially seem like a maze. With distance measures that trace their origins to the late 13th or early 14th century, the sport is draped in tradition and nuance. The wealth of details surrounding each horse can give the impression of an enigma that only the deeply initiated can decipher.
Yet, fear not! It’s far less daunting than it first appears. With a little patience and understanding, you’ll soon find yourself adeptly analyzing horses and confidently navigating the vibrant world of horse racing bets.
Placing Your Bet on a Horse
When it comes to horse race betting, you’ve got two basic options:
Offline Betting: Visit a casino. Here, you approach the teller and mention the details of your stake. This includes:
-
- The specific horse track race you’re interested in.
- The race number of the horse you’re betting on.
- The amount you wish to stake.
- The type of wager you want to make.
- The saddlecloth number of your chosen horse.
Online Betting: It’s as simple as logging into a reputable betting website. Ensure it caters to Indian bettors. Once you’re in, navigate to the horse racing section. Here, you can choose the race, pick your horse, decide on the bet type, and set the amount you want to wager.
Understanding Online Horse Bet Types
Online horse race betting operates on a pari-mutuel system. Rather than challenging the house, you’re competing against fellow bettors. Everyone’s money is pooled together, creating a collective wager pot.
Unlike other sports where odds are determined by professional oddsmakers, horse racing odds are dictated by the collective bet amounts.
How are the winning odds determined? The pot’s total amount is divided among all the successful bets to calculate payoff odds. When it comes to online horse race betting, the variety is wide. Here’s a breakdown:
Single Horse Wagers:
-
- Win: A straightforward bet. If your chosen horse finishes first, you reap rewards;
- Place: Your horse needs to finish either in the first or the second position to claim this bet;
- Show: Secure a win if your horse takes any of the top three positions: first, second, or third.
Multi-Horse Wagers:
-
- Exacta: Pinpoint the first two horses in their exact order of finish;
- Trifecta: A step up from Exacta. Predict the top three horses in their precise order;
- Superfecta: An ambitious bet where you select the top four horses in their exact order of arrival.
Multi-Race Wagers: Known for their allure, multi-race bets such as pick 3, pick 4, and pick 5 are prevalent. Here, you’re forecasting outcomes across multiple races.
-
- Daily Doubles: A bet that involves predicting winners of two consecutive races;
- Pick 5/6 wagers: These bets are about selecting the victor of multiple races at a specific track within a day.
Exotic Bets: More intricate than standard bets, exotics often demand precision. The Superfecta, as discussed earlier, is a prime example, where you’re tasked with forecasting the top four finishers in exact order.
Choosing the Right Horse Racing Betting Site
Selecting the perfect horse racing betting site is vital for optimal betting. Here’s a quick rundown of some top-notch and legally recognized betting sites tailored for horse racing enthusiasts:
-
- MyBookie: Renowned for consistently offering superior odds compared to many competitors, MyBookie comes with a user-friendly horse betting app, quick cash-out options, and exclusive ITV Racing deals;
- Bovada: This site stands out not only for its impressive horse racing odds but also for its notable football odds. With a modest minimum deposit and a generous welcome package, Bovada is a top choice for many;
- BetUS: A highly-regarded sportsbook, BetUS features a regular free bet club, enticing jackpot prediction games with substantial rewards, and standout tools for eSports betting enthusiasts;
- BetOnline: Often dubbed the ‘bonus king’, BetOnline is celebrated for its regular bonus offerings, such as Goals Galore and Double Delight & Hat-trick Heaven;
- XBet: If you’re seeking stellar horse racing odds based on current market trends, XBet is worth a look. Especially for those who like betting on underdogs, their exchange provides promising odds;
- EveryGame: Known for its swift registration and minimal deposit requirements, EveryGame offers a commendable bet club, particularly suited for those keen on in-play betting.
Also check this great list of betting sites to bet on horse racing:
Bonuses in Online Horse Racing Betting
Online horse racing betting sites, in their bid to woo newcomers, often roll out enticing welcome bonuses. Here’s a peek into some of the most prevalent bonus types you might come across:
-
- Deposit Match: Matching your zeal, many bookmakers or casinos offer a bonus equivalent to your initial deposit, doubling your initial betting power;
- Risk-Free Bet: Venturing into the world of betting might come with its share of apprehensions. To mitigate this, some sites offer a risk-free bet. If your first foray doesn’t bear fruit, you’re cushioned with this safety net;
- Free Bets: A straightforward and alluring offer where simply signing up can land you some free site credits. While there’s no catch, remember to utilize this bonus typically within a week’s time frame.