Horse racing betting
In addition to straight wagers, "exotic" wagers offer bettors an opportunity to incorporate the placement of different horses in one or multiple races. The two broad types of exotic wagers are horizontal and vertical.
Horizontal exotic wagers are bets on multiple horses in one particular race, while vertical exotic wagers involve predicting results across multiple races.
Betting on horse racing, explained
Both have specific options for which bets are available and are detailed below. In the most basic horizontal wager, an exactathe bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses. Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order.
A quinellawhich boxes an exacta allowing the first two finishers to come in any order and still winis the basic box, but boxing can be applied to the trifecta and superfecta as well. In a sense, a win bet can be thought of as a specific type of wheel bet. Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3pick-4pick-5 and pick-6 respectively.
In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange.
Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members.
Online Horse Betting Sites 2021 - Best Racing Books
By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century. In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day.
Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future.
Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.
The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet.
Betting on horse racing in the UK is wide and varied.
In there were 8. That said, several terms relate to different kinds of straight bets that can increase your odds of winning a little money. A winning horse will pay the most on bets that it will finish first. It will pay a little less for place bets and even less for show bets, but it can effectively pay out in three ways—thus the allure of across-the-board bets. As the name suggests, "exotic" wagers are fancier and more complicated. They involve more than one horse.
Here are a few examples of exotic bets. Morning line — The odds that the track handicapper predicts a horse will go off at.
Exotic bet — Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4. Daily Double or Double — Type of bet calling for the selection of winners of two consecutive races.
Horse Betting: Types and Terms
Exacta — A wager in which the first two finishers in a race, in exact order of finish, must be picked. Box — A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses.
Exacta box — A wager in which all possible combinations using a given number of horses are selected.