Various Horse Racing Betting Types Explained
Once you’ve created an account with a top online sportsbook, it will be time to start placing a few bets. Horse racing is one of the most popular sports for spectators and punters alike, but a quick look at the range of betting options will most likely reveal how much you don’t know about horse race betting if you’re just getting started.
However, there is no need to fear, as we have put together this guide to the most popular types of horse racing bets.
Is Online Horse Race Betting Advisable?
While some punters enjoy the atmosphere of placing bets at a land-based betting shop, the truth is that online sports betting has many more advantages. For one, the best online sportsbooks will have a much wider range of betting markets available to choose from, as well as a wider range of bets to choose from per game, match, or race.
Online sportsbooks are also able to offer more lucrative betting odds as their overheads are minimal in comparison with a physical betting location, and the convenience of being able to place bets no matter where you are is also a major advantage.
Win, Place, and Show Bets in Detail
Win, place, and show bets are the backbone of horse racing and most horse racing bets are slight variations of these major three. However, in order to be successful with all types of horse racing bets, it’s important that you understand these basic concepts first.
Just like with your favourite online gambling casino where you will find multiple variations of the same game, most horse racing bets are variations on these 3 concepts.
Win: bet is successful if the horse comes in 1st place
Place: bet is successful if the horse comes anywhere in the top 2 positions
Show: bet is successful if the horse comes in 3rd place or better
Are Exotic Bets Worth the Risk?
Exotic bets are made up of bets on more than one horse and are substantially riskier than single win, place, or show bets. With an exotic bet, you are able to place a bet on more than one horse in a race or place bets on horses across multiple races.
These bets are attractive to punters as the odds are much more lucrative, and the risk factor ramps up the excitement.
Explaining an Exacta Horse Race Bet
In order for an exacta bet to be successful, you will have to correctly predict which two horses with finish in 1st and 2nd place in the exact correct order.
Explaining a Trifecta Horse Race Bet
In order for a trifecta bet to be successful, you will have to correctly predict which three horses will finish ‘in the money’ in 1st, 2nd, and 3rd place in the exact correct order.
Explaining a Quinella Horse Race Bet
A quinella is similar to an exacta as you will have to correctly predict which two horses will finish in 1st and 2nd place, but the exact order does not apply.
The bet will be successful as long as the selected horses come in either 1st or 2nd place in any order.