Horse race betting can be a complex process if you want to increase your bankroll. The actual horses, competition tracks, jockeys and many other factors influence the winning bet for the day. It takes careful studying and analysis to be able to reach to a prosperous conclusion and be able to separate the contenders from the pretenders. For that novice this short article will provide and description of horse race betting and some simple principles to follow to earn at the races.
Horse racing can be like mathematicsï¿½calculative. You need to take calculated risks prior to going for the big kill. It is crucial to get your fundamentals right if you want to make some serious money.
There are many types of betting options popularly known as bets on the competition track. They can be described as below:
Win: In this basic bet the chosen horse needs to finish first for you personally to be able to collect
Place: For this your horse needs to finish either on the first or second place
Show: Here the horse needs to finish either first, second or third for you to win
Exacta: In this wager you play two horses and both the horses must come in first or second place in the exact order as you have chosen. It is only then that you can collect your profits
Exacta Box: In this betting option, you select two horses just as as Exacta. Nevertheless, they if come in either first or second order for you personally to be able to collect.
Trifecta: Again, similar to the Exacta system, here you play three horses instead of two and they have to come first, second and third in the exact order as you’ve chosen
TrifectaKey: Similar to the Exacta box betting, here you choose three horses. The difference lies that the horse you have chosen to win, called the key horse, needs to come first. The other two horses can come in either order, first or second.
Trifecta Box: You get to play three horses in this wager and they can come either fist, second or third and you will win
Superfecta, Superfecta Box and Superfecta Key work on the same lines as the Trifecta series the only difference being that you choose four horses rather than three.
The minimum wager on tracks across America is USD$2. However in the case of multiple wagers you can bet as low as 10 cents on a few tracks.
When you place a bet at the tracks, all the cash goes into a common wagering pool. It is out of this pool that the house takes their cut for having to pay taxes along with other expenses. After these expenses have been taken the rest of the money is handed out to the winners.
After getting a reason of horse race betting and understanding it, it is important that you make a betting plan. Now your agenda ought to be to understand the several betting systems and get a hang of horse race handicapping.