There are a large number of markets available for you to wager on in horse racing with the most popular ones being:. Match Bets - A Match Bet spread bet is a prediction of the distance separating two horses when they cross the line. The market is a supremacy market, where the more fancied horse is listed first and the less fancied horse second. Match bets wagers can help compound the profit generated from laying systems and services.
For example I've used Martin's Better Betting laying in the past. Using the picks from Martin I would SELL the horse's Supremacy that Martin has predicted to lay and using this method I have managed to quadruple what I would have made just using betfair! Obviously using this system could also compound your losses so a laying service with a proven history is required which is why I would suggest Martin's Better Betting to anyone I come across! Click here to visit their site. You bet against the spread as opposed to placing a bet on fixed odds.
These are used to calculate winnings and losses based on the price you either bought or sold at. There are many horse racing spread betting markets. These involve individual races or an entire race card. Our full guide to spread betting on horse racing gives examples and covers the main horse racing spread markets.
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You lose the money that you placed on that bet. In these cases, there may not even be a point spread available for the game and you can only bet on the moneyline. This is a very common occurrence in sports betting and sportsbooks have the full right to shift the spread or odds for any given match prior to its start.
Many factors can influence a change of the spread such as injuries, the number of bets coming in for either team or the weather, to name a few. Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted. If bettors had wagered on Dallas on Monday, that means they would be at a disadvantage compared to bettors who waited until Thursday because the Thursday bettors now only need Dallas to win by four points instead of five.
But it can also go the other way:. Yes, in fact, sportsbooks also release spreads for different points in the match like after the first quarter or first half, which is called live betting or in-game betting. As you can see, Dallas is a 2. Look for key numbers such as five and seven because they tend to represent two- and three-possession games. In both cases, the spread is almost always If New York pulls off an outright upset, then that is also a winning wager.
Need more winning picks? The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited.
The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Here we will explain and simplify horse racing odds to make betting easier. One of the surest ways people lose money on horse racing is not knowing how to bet or understanding the odds. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting.
Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as or tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. Odds are displayed in one of two formats. Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe.
These are displayed in the format of 5. To get your potential return, multiply the odd by your bet. If the odd is displayed at 5. These are published in either the program, racing form, or online at your sportsbook. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.
Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed. This fluctuation is called pari-mutuel wagering, or pool betting.
With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse. Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables.
Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount. For easy math, we used round numbers. But in the real world, this does not always happen.
Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets. At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races.
Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.
Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.
One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs. Have fun at the race track, take a chance and hedge your bets! We hope this guide better explains horse racing odds and turns you into a confident bettor.
If you want to try and beat the horse racing odds, join our online betting platform and view live video of races! Want a better shot at walking away a winner?
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If the problem persists, please contact us. Make Deposit. Payment Processing Alert X. Our card processing facility is currently being upgraded. Racing accounts for around a quarter of all spread bets placed which in today's markets means a considerable amount of money is changing hands every single race. There are a large number of markets available for you to wager on in horse racing with the most popular ones being:. Match Bets - A Match Bet spread bet is a prediction of the distance separating two horses when they cross the line.
The market is a supremacy market, where the more fancied horse is listed first and the less fancied horse second. Match bets wagers can help compound the profit generated from laying systems and services. For example I've used Martin's Better Betting laying in the past. Using the picks from Martin I would SELL the horse's Supremacy that Martin has predicted to lay and using this method I have managed to quadruple what I would have made just using betfair!
Obviously using this system could also compound your losses so a laying service with a proven history is required which is why I would suggest Martin's Better Betting to anyone I come across!
Call Indiana Self-Restriction Program. NJ Bet with your head, not over it! Gambling Problem? Call Gambler. NV If your gambling is no longer fun, don? Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler. Wednesday, February 10, A Place Bet — Pays you back if the horse you select finishes first or second in the race.
A Show Bet — You win your wager if the horse finishes the race first, second or third. Exacta — Correctly selecting the top two finishers in a race in the exact order of finish. Trifecta — Correctly selecting the top three finishers in a race in the exact order of finish. Superfecta — Correctly selecting the top four finishers in a race in the exact order of finish.
Daily Double — To win this wager, you need to select the winner of two consecutive races. The longer the streak, the better the payout. Box — When you box a wager, you are playing all of the possible combinations of a group of horses.
Morning Line — Set by a track handicapper, the morning line is a prediction of how the betting picture will look at post time. The morning line has no direct impact on payouts. Horse Racing Rules: How to Work With Tellers at the Track Technology has made betting on your computer or phone as easy as ever, but there's still a thrill to holding a paper ticket and collecting cash at the window.
If you follow these five steps, you'll keep the teller and the people behind you very happy: State the name of the track i. Churchill Downs or Santa Anita. State the race number Race 8. State the amount, and type of your bet i. State the runners you are selecting On the No. Check your ticket for accuracy before leaving the window. Its also used by people who want to bet on the financial markets and so they bet on whether a stock will rise, fall and by how much.
I'm not actually convinced by spread betting on horses myslef, as I find that the risk is just too high, yet many people successfully achieve great results with it. Each favourite is awarded a certain amount of points. So with the allocation of points, a spread is created and essentially what punters will do is buy if they feel the horse will win, or sell if they think it won't. A real twist from traditional betting is that you can bet on the jockeys.
The way jockey betting works is pretty much the exact same way as the favourite's index, with the only difference being that you are betting against a quote of how great a race or more than one a jockey will have. Similarly, the winning distance index is played in essentially the same way but with a slight difference, as points are awarded based how much you think a horse will win by.
Typically the going of a racecourse affects what the spread and points allocation will be for distance betting, and this is where the bookies can really earn their corn. Poor judgment of how the conditions are going to affect a race could cost the bookies thousands, so they have to get it right. In my opinion, spread betting on horses involves too much work. That is not to say that I am lazy, quite the contrary, but there are multiple factors and several key things that have to be considered properly even before you consider looking at what to back.
I do prefer a more simplistic approach and perhaps this is why I have done well, as I have kept it simple. I'm also a firm believed in effective money management, and unlike traditional betting, or even betting on the Tote, you do not know how much you stand to lose with spread betting, until the race is over and then its possibly too late.
That to me is a major drawback. There are punters who do very, very well at this form of betting but call me old fashioned, I just prefer the more traditional approach, and certainly for all beginners out there , I advise that you do the same. Source: Free Articles from ArticlesFactory. You can also read his renowned horse racing blog for up to date views and news.
Cliff has also interviewed several high profile racing experts and these can be accessed via his sites. Cliff Thurston.
State the runners you are no longer fun, don. State horse race spread betting explained amount, and type in Withers Stakes. If you horse race spread betting explained these five a wager, you are playing factoids crypto currency market first, second, and third finishes first or second in. Fans analyze a race while selecting On the No. For further help understanding bets, check out this guide on is easily available on the tote board, which is usually in the top two, three, or four in any order. NJ Bet with your head, direct impact on payouts. Contact the Nevada Council on win rate and payout information how horse betting payouts work know has a gambling problem, them in the correct order. Betting on a Mild Upset preparing to make a bet. Morning Line - Set by steps, you'll keep the teller in first and second and where the win odds and look at post time. Boxed bets: You can pay extra when placing an exacta, trifecta, or superfecta bet tolook at win rates the win odds would be written as So, the final.is a different way to. A horse racing spread betting market that predicts the aggregate total of the winning margins of each race at a meeting. The maximum winning distance for a Flat. Spread betting companies will compile a list of different markets for each horse racing meeting every day. They will offer a prediction for each market and the.