A few things to know before betting on horse racing

Gambling is probably one of the oldest forms of entertainment and specifically, horse racing has been a popular sport to wager on for several centuries. It’s very noble and perhaps the oldest of sports, and there’s evidence of its existence going back five millenia.

Ever since the pandemic hit, the world has been put on snooze, and people have been searching for new forms of entertainment, most notably gambling. Since it’s a very popular sport to wager on, apart from football, it’s important to know the basics before proceeding to bet on it.

The Basics of Betting on Horses

There are two different types of wagers when it comes to racing horses, straight wagers and exotic wagers. For beginners, it’s recommended to stick to the straight wagers and betting on only one horse, as they’re much simpler and won’t empty their wallet.

Exotic wagers allow a combination of bets on multiple horses at once, which is more expensive and takes more skill and knowledge. It goes without saying, but exotic wagers have a much better pay-off than straight ones.

Straight Wager

With straight wagers or betting on only one horse, there are a few things to keep in mind:

• Win – meaning the player bets that the horse will be first place and gets a pay-off only if that’s the case.
• Place – the horse places in 1st or 2nd place. It has a smaller pay-off than a win, but it’s a more secure option.
• Show – the horse places in 1st, 2nd, or 3rd place. The pay-off is significantly smaller than win and place bet, but it’s more secure.
• Across the board – combines the three bets above. If a horse wins, the player gets the money from win, place, and show. If a horse places second, the player gets the money from the place and show. And if a horse places in third place, the player gets only the show money. Essentially this type of bet is not the best one because it’s more expensive and is not as profitable.
• Win/Place or Place/Show – Another combination of wagers, only this one combines two instead of three different wagers. For example, when combining win/place, if the horse wins the pay-off is for winning and placing in second. Because it’s two wagers into one, it costs double the normal wager.

Exotic Wagers

Exotic wagers allow betting on multiple horses in a single bet, so the payoff is usually bigger but they are not recommended for beginners.

• Exacta – two horses coming in first and second place in the exact order.
• Quinella – two horses to come in first and second place in any order.
• Trifecta – three horses to come in first, second, or third place in the exact order.
• Superfecta – Four horses to come in first, second, third, and fourth place in the exact order.

Other Betting Options

The current worldwide situation has put a halt on football matches, horse races, and coincidentally people’s weight loss regimes too. It’s not uncommon for people to have gained a bit of weight over the quarantine period but it’s not something that cannot be undone.

The only thing it’s ok to lose is extra weight, so that means you’re in need of great fitness advice on how to do just that. It’s a wager, but the pay-off is much better in the long run.

And for those that prefer to gamble without losing at the same time as working out their fingers, they can check online casinos. There are plenty of options to choose from and a lot of lucrative deals, and now there’s no need to search aimlessly for new casino offers available in 2021.

While horse racing fans patiently wait for the races to be back on the tracks, they’ll be happy to hear that there are slot machines and casino games involving horses. It’s not the same as watching and betting on it live, but it comes a very close second.

Conclusion

Horse racing is probably one of the oldest sports but it’s not immune to the devastating effects of the pandemic. To the dismay of most horse race betting fans, a lot of races have been canceled but there are still other betting options available, like online casinos.

Whether it’s horse races or online casinos it’s important to stay informed on how to gamble properly. There’s plenty of information on the internet, and many others that have all the insights of online casinos and sports betting as well.