It takes time to get used to the art of betting on horses. Before discussing betting, let’s try to understand some basic jargons that go around the race course. Wagers are of two types namely, straight and exotic. The former is nothing but betting on a horse to come first while the latter lets you place multiple bets on different horses. Not to mention, exotic wagers are more expensive and requires a high level of understanding about horse picking. That being said, the payoffs are way more than straight wagers.
Straight Wagers Jargons
Win: You are betting on a particular horse to win the race.
Place: In this bet, you are betting on the fact that the horse chosen by you will either finish first or second.
Show: It means the horse you have selected might end up in the first, second or third position.
Across Board: This means that you are betting on all the three options stated above. This isn’t a good bet for a beginner and it is advised that you refrain from it.
Win/Place, Place/Show: As the name suggests, you can make multiple wagers in one bet.
Exotic Wagers Jargons
Exacta: This is the bet where you can bet on two horses to some first and second simultaneously.
Quinella: In this bet, you are predicting about any two horses, which can either come first or second in no particular order.
Trifecta: In this bet, you are betting on any three horses to come first, second or third in a particular order.
Superfecta: You are betting on four horses, which are likely to finish first, second, third and fourth in a particular sequence.
Know Your Teller
There are two types of teller- human teller and automatic teller. Often, you will find big lines in the automatic teller section. The human teller operates with greater speed and accuracy. It is advised that as a beginner you choose the human teller. So, what do you need to do next? It’s pretty simple; as you go near the counter, do not forget to mention these four details:
- The race number and the track on which it is going to happen
- Your bet amount
- The type of bet you are going ahead with
- Program number of the horse.
While there are many theories of doing it, you should do the following to ensure that the odds are in your favour.
Study the Class Levels: There are essentially four classes of race-maiden races, claiming races, allowance races, and stakes races. The horses might move around the classes. Try to find the winning percentage of a horse in every class and then place your bet.
Study Past Performance: Study the performance of your favourite horse in different racetracks. If you find that a particular horse has performed well in a particular track, place your bet accordingly. It is unwise to take chances if you are a beginner.
History with the Jockey: Specific jockeys tend to perform well with particular horses. Track the history of the jockeys to increase your chances of winning. Bet on the jockey who has done well with a particular horse. Make sure that you study the performance of a jockey before placing your bet.
Consider the Odds: The favourite horse will have the lowest odds. It is strictly advised that you do not place your bet based on past performance of a horse. The statistics are as mentioned below.
- Betting on the favourite gives you 33% probability to win
- Betting on the favourite place gives you 53% probability to win
- Betting on the favourite show gives you 67% probability to win