Horse Race Betting Types – Understanding racing forms

 

 

Horse race betting is among the most popular online betting games today. There are varieties of horse race betting types that are available for you, and most of these betting types are easy to do. However, there are also complicated betting types that may require you to use a particular betting system. These betting systems are created to help horse racing enthusiasts have a better idea about racing form. Understanding racing form will allow you to choose and place your bets and get a higher percentage of winning. There are many types of horse bets that you can place. There are even sports book and betting systems that may offer you with combinations and varieties than others. Below is a list of horse race betting types that you can place.

 

Win Only Bet: Win only is a highly manageable and most common type of bet in horse racing. You can only collect your winnings if the horse you choose is the first one to cross the finish line.

 

Place Only Bet: Place only is a type of bet where you place your money to the horse that will finish first or second. You can only collect your bet if the one you choose finish first or second. However, this type of bet pays less compares to win only.

 

Show Bet: This type of horse race bet will consider you as a winner if the horses you choose finish either first, second, and third. This bet also pays out provided that your chosen horse has a place on the race. This type of bet is among the safest ways to place a bet as the odds are highly conservative and quite low. Nevertheless, this will not pay you like win only, place only, and other betting types do.

 

Acrosss the Board: This type of horse race betting is where you place you bet on a horse that will win, place, and show. You will receive a pay out on your bet in case your horse has gained these three options.

 

Exacta Bet: This type of betting requires bettors to choose the exact order of horses that will win, second, and third on a specific race event. This type of bet can give you with higher amount of pay out when compared to place only, win only, and other horse race betting types.

 

Quiniela Bet: This is a type of horse race betting wherein you will need to choose two horses and choose which among them will finish first and second. If your hunch is correct and one of them finish or second, you will receive a payout on your bet. This horse race betting type is ideal to bettors having a hard time to choose between horses that will place first or second in a specific race.

 

Parlay: Parlay or accumulator is multiple betting. This is as simple as let-it-ride bet that will enable you to make simultaneous selections of horses to win on two or more races. All the selections that you make should win the race for you to win the parlay. If the race is cancelled, postponed or tie, your parlay will be automatically reduced with one bet, a straight bet will take in effect instead of double parlay, and triple parlay becomes double. This is horse betting type that can give you higher dividend if you win.

 

Understanding Racing Form: Each Way Betting Each way betting is basically placing 2 bets of equal size: one bet is on a horse that you think will win the race and the other bet is on a horse that will have a place on the same race. The win part is simple to understand, and you will receive a payout equal to the amount of money you place on the bet. However, the place part is quite complicated. Your bookmaker can help you out in this, but keep in mind that the amount of the payout you will receive will depend on the type of race that you are betting in. Below is a short explanation on how the bookmaker settles each bet.

 

Two-Four Runners: No betting is allowed.

Five-Even Runners: First and Second pay from the quarter of the total amount of odds at stake. Eight Plus Runners: First, second, and third pay from 1/5 of the odds.

Twelve-Fifteen Runner Handicap Races: This each way betting rule pays out 1/5 of the odds to the first, second and third placers of a specific race.

Sixteen Plus Handicap Races: This each way betting rule pays out 1/4 of the odds to first, second, third, and fourth placers of the race.

 

Understanding racing Form: What is Laying Horses?

For bettors who are unfamiliar with the term “laying,” it is simply placing a bet on a horse that will not win the race. In this event, you become the bookmaker, and you are taking bets from other bettors that think that a particular horse will win the game. Laying horses will enable you to run your own betting system or simply get your tips from a particular horse selection service. Laying horses is an extremely simple betting system to grasp and can give you enormous amount of winnings. The only difference of this type of betting to win only, place only, and other types of betting is that the amount of money your risk is higher than the actual bet of other bettors. At this time, you may be thinking why would you risk a huge amount and make few from it? Well, this is the case of betting and laying horses can provide you with payouts only if your hunch is true. You can also lay horses to back other horses that will win in any race of the day. Different countries have different horse race tracks and different rules; they also use different terms on betting and types of winning. You can ask the sports book or the bookmaker when placing bets.