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Horse betting systems wiki best sports betting statistics

Horse betting systems wiki

A bet to win , sometimes called a "straight" bet, means staking money on the horse, and if it comes in first place, the bet is a winner. In a bet to place , you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third.

Since it is much easier to select a horse to finish first, second, or third than it is to select a horse just for first, the show payoffs will be much lower on average than win payoffs. If there are a small number of horses in the race, show or place bets may not be offered or if bets have already been made, they are cancelled and the wagered amounts refunded.

In Europe, Australia, and Asia, betting to place is different since the number of "payout places" varies depending on the size of the field that takes part in the race. For example, in a race with seven or less runners in the UK, only the first two finishers would be considered winning bets with most bookmakers. Three places are paid for eight or more runners, whilst a handicap race with 16 runners or more will see the first four places being classed as "placed".

A show bet in the North American sense does not exist in these locations. An each-way bet sees the total bet being split in two, with half being placed on the win, and half on the place. The full odds are paid if the horse wins, plus the place portion , with a quarter or a fifth of the odds depending on the race-type and the number of runners if only the place section of the bet is successful.

In the UK some bookmakers will pay for the first five some independent firms have even paid the first six for a place on the Grand National. This additional concession is offered because of the large number of runners in the race maximum Occasionally other handicap races with large fields numbers of runners receive the same treatment from various bookmakers, especially if they are sponsoring the race.

Each portion is treated by the totalizator as a separate bet, so an across-the-board bet is merely a convenience for bettors and parimutuel clerks. In addition to straight wagers, "exotic" wagers offer bettors an opportunity to incorporate the placement of different horses in one or multiple races. The two broad types of exotic wagers are horizontal and vertical. Horizontal exotic wagers are bets on multiple horses in one particular race, while vertical exotic wagers involve predicting results across multiple races.

Both have specific options for which bets are available and are detailed below. In the most basic horizontal wager, an exacta , the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses.

Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order. A quinella , which boxes an exacta allowing the first two finishers to come in any order and still win , is the basic box, but boxing can be applied to the trifecta and superfecta as well.

In a sense, a win bet can be thought of as a specific type of wheel bet. Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3 , pick-4 , pick-5 and pick-6 respectively. In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange.

Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members. By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century. In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day.

Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.

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Exacta: This bet entails selecting two horses. To win, both horses want to finish first and second in the proper order. You possibly can "box" all multi-horse bets, essentially betting twice to cover each ending orders. Again, it is possible to field these bets, covering the six doable finishing combos of three horses.

Superfecta: This wager involves selecting four horses to finish in the right order. While it is tough to win this wager, the potential payout will be large. Handy and simple withdrawal and deposit options: The online websites offer a spread of various banking choices to assist gamers in making their withdrawals and deposit. Most on-line betting websites settle for major credit playing cards like Grasp and Visa for each withdrawal and deposit function.

The use of wire transfer of cash from the casino account to your banking account is protected and handy making certain a secure play each time. Moreover, you may also select to make use of different e-wallet options like that of Neteller, Entropay, joker Click2 pay, Cash bookers, My Citadel to switch the cash to or from your own casino account.

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Horse racing is one of the few sports that has continued during the COVID crisis, [13] with Australian and Hong Kong the two main racing jurisdictions to carry on, albeit with no crowds. Different breeds of horses have developed that excel in each of the specific disciplines. Light cold blood horses, such as Finnhorses and Scandinavian coldblood trotter are also used in harness racing within their respective geographical areas.

There also are races for ponies: both flat and jump [16] and harness racing. Flat racing is the most common form of racing seen worldwide. Flat racing tracks are typically oval in shape and are generally level, although in Great Britain and Ireland there is much greater variation, including a figure of eight tracks like Windsor and tracks with often severe gradients and changes of camber, such as Epsom Racecourse.

Track surfaces vary, with turf most common in Europe and dirt more common in North America and Asia. Newly designed synthetic surfaces, such as Polytrack or Tapeta , are seen at some tracks. Short races are generally referred to as "sprints", while longer races are known as "routes" in the United States or "staying races" in Europe.

Although fast acceleration "a turn of foot" is usually required to win either type of race, in general sprints are seen as a test of speed, while long-distance races are seen as a test of stamina. The most prestigious flat races in the world, such as the Prix de l'Arc de Triomphe , Melbourne Cup , Japan Cup , Epsom Derby , Kentucky Derby and Dubai World Cup , are run over distances in the middle of this range and are seen as tests of both speed and stamina to some extent.

In the most prestigious races, horses are generally allocated the same weight to carry for fairness, with allowances given to younger horses and female horses running against males. These races are called conditions races and offer the biggest purses. There is another category of races called handicap races where each horse is assigned a different weight to carry based on its ability.

Jump or jumps racing in Great Britain and Ireland is known as National Hunt racing although, confusingly, National Hunt racing also includes flat races taking place at jumps meetings; these are known as National Hunt flat races. Jump racing can be subdivided into steeplechasing and hurdling , according to the type and size of obstacles being jumped. The word "steeplechasing" can also refer collectively to any type of jump race in certain racing jurisdictions, particularly in the United States. Typically, horses progress to bigger obstacles and longer distances as they get older, so that a European jumps horse will tend to start in National Hunt flat races as a juvenile, move on to hurdling after a year or so, and then, if thought capable, move on to steeplechasing.

A type of racing where horses go around a track while pulling a sulky and a driver behind them. In this sport, Standardbreds are used. These horses are separated into two categories, trotters and pacers. Pacers move the legs on each side of their body in tandem, while trotters move their diagonal legs together. The latter are typically faster than the former due to the gaits used. This could cause the loss of a race or even a disqualification.

Ridden trot races are more common in places such as Europe and New Zealand. These horses are trotters who race on the flat under saddle with a jockey on their backs. The length of an endurance race varies greatly. Some are very short, only ten miles, while others can be up to one hundred miles.

There are a few races that are even longer than one hundred miles and last multiple days. Contemporary organized endurance racing began in California around , and the first race marked the beginning of the Tevis Cup [25] This race was a one-hundred-mile, one-day-long ride starting in Squaw Valley , Placer County , and ending in Auburn.

Founded in , the American Endurance Ride Conference was the United States' first national endurance riding association. In most horse races, entry is restricted to certain breeds; that is, the horse must have a sire father and a dam mother who are studbook-approved individuals of whatever breed is racing.

The exception to this is in Quarter Horse racing, where an Appendix Quarter Horse may be considered eligible to race against standard Quarter Horses. The designation of "Appendix" refers to the addendum section, or Appendix, of the Official Quarter Horse registry. An Appendix Quarter Horse is a horse that has either one Quarter Horse parent and one parent of any other eligible breed such as Thoroughbred, the most common Appendix cross , two parents that are registered Appendix Quarter Horses, or one parent that is a Quarter Horse and one parent that is an Appendix Quarter Horse.

AQHA also issues a "Racing Register of Merit", which allows a horse to race on Quarter Horse tracks, but not be considered a Quarter Horse for breeding purposes unless other requirements are met. A stallion who has won many races may be put up to stud when he is retired. Artificial insemination and embryo transfer technology allowed only in some breeds has brought changes to the traditions and ease of breeding.

Pedigrees of stallions are recorded in various books and websites, such as Weatherbys Stallion Book , the Australian Stud Book and Thoroughbred Heritage. There are three founding sires that all Thoroughbreds can trace back to in the male line: the Darley Arabian , the Godolphin Arabian , and the Byerley Turk , named after their respective owners Thomas Darley , Lord Godolphin, and Captain Robert Byerly.

They were taken to England, where they were mated with mares from English and imported bloodlines. Thoroughbreds range in height, which is measured in hands a hand being four inches. Some are as small as 15 hands while others are over Thoroughbreds can travel medium distances at fast paces, requiring a balance between speed and endurance.

Artificial insemination, cloning and embryo transfer are not allowed in the Thoroughbred breed. The standardbred is a breed of horse used for a variety of purposes, but they are largely bred for harness racing. They are descended from thoroughbreds, morgans, and extinct breeds. Standardbreds are typically docile and easy to handle. They do not spook easily and are quite versatile in what they can do. They can be jumpers, dressage, and pleasure riding horses.

The Arabian horse was developed by the Bedouin people of the Middle East specifically for stamina over long distances, so they could outrun their enemies. It was not until that the Arabian was introduced into the United States. Until the formation of the Arabian Horse Registry of America in , Arabians were recorded with the Jockey Club in a separate subsection from Thoroughbreds.

Arabians must be able to withstand traveling long distances at a moderate pace. They have an abundance of type I muscle fibers , enabling their muscles to work for extended periods of time. Also, the muscles of the Arabian are not nearly as massive as those of the Quarter Horse, which allow it to travel longer distances at quicker speeds.

The Arabian is primarily used today in endurance racing but is also raced over traditional race tracks in many countries. The ancestors of the Quarter Horse were prevalent in America in the early 17th century. These horses were a blend of Colonial Spanish horses crossed with English horses that were brought over in the s. The native horse and the English horse were bred together, resulting in a compact, muscular horse.

At this time, they were mainly used for chores such as plowing and cattle work. The American Quarter Horse was not recognized as an official breed until the formation of the American Quarter Horse Association in In order to be successful in racing, Quarter Horses need to be able to propel themselves forward at extremely fast sprinter speed. The Quarter Horse has much larger hind limb muscles than the Arabian, which make it less suitable for endurance racing.

When Quarter Horse racing began, it was very expensive to lay a full mile of track so it was agreed that a straight track of four hundred meters, or one-quarter of a mile, would be laid instead. There is less jockeying for position, as turns are rare, and many races end with several contestants grouped together at the wire. The track surface is similar to that of Thoroughbred racing and usually consists of dirt. Muscles are bundles of contractile fibers that are attached to bones by tendons.

These bundles have different types of fibers within them, and horses have adapted over the years to produce different amounts of these fibers. Type I muscle fibers are adapted for aerobic exercise and rely on the presence of oxygen. They are slow-twitch fibers. They allow muscles to work for longer periods of time resulting in greater endurance. Type II muscles are adapted for anaerobic exercise because they can function in the absence of oxygen.

Type II-a fibers are intermediate, representing a balance between the fast-twitch fibers and the slow-twitch fibers. They allow the muscles to generate both speed and endurance. This type of fiber allows them to propel themselves forward at great speeds and maintain it for an extended distance.

Type II-b fibers are fast-twitch fibers. These fibers allow muscles to contract quickly, resulting in a great deal of power and speed. The conditioning program for the horses varies depending on the race length. Genetics, training, age, and skeletal soundness are all factors that contribute to a horse's performance. A horse's fitness plan must be coordinated properly in order to prevent injury or lameness.

If these are to occur, they may negatively affect a horse's willingness to learn. Because the skeletal system does not reach full maturity until the horse is at least four years of age, young racehorses often suffer injuries. In the United States, Thoroughbred flat races are run on surfaces of either dirt, synthetic or turf.

Other tracks offer Quarter Horse racing and Standardbred racing, on combinations of these three types of racing surfaces. Racing of other breeds, such as Arabian horse racing, is found on a limited basis. American Thoroughbred races are run at a wide variety of distances, most commonly from 5 to 12 furlongs 0. The South Westbury section is still known as Salisbury. The first record of quarter-mile length races dated back to in Henrico County , Virginia.

Each race consisted of only two horses, and they raced down the village streets and lanes. The Quarter Horse received its name from the length of the race. The American Stud Book was started in , prompting the beginning of organized horse racing in the United States.

There were tracks operating in the United States by ; and in , the American Jockey Club was formed. Belmont Park is located at the western edge of the Hempstead Plains. Its mile-and-a-half main track is the largest dirt Thoroughbred racecourse in the world, and it has the sport's largest grandstand. One of the latest major horse track opened in the United States was the Meadowlands Racetrack , opened in for Thoroughbred racing.

It is the home of the Meadowlands Cup. Other more recently opened tracks include Remington Park , Oklahoma City , opened in , and Lone Star Park in the Dallas—Fort Worth Metroplex , opened in ; the latter track hosted the prestigious Breeders' Cup series of races in The Hall of Fame honors remarkable horses, jockeys , owners, and trainers. They are all held early in the year, throughout May and the beginning of June.

In recent years the Breeders' Cup races, run at the end of the year, have challenged the Triple Crown events as determiners of the three-year-old champion. The Breeders' Cup is normally held at a different track every year; however, the and editions were both held at Churchill Downs, and , and races were held at Santa Anita Park.

Keeneland , in Lexington, Kentucky, hosted the Breeders' Cup. The corresponding Standardbred event is the Breeders Crown. American betting on horse racing is sanctioned and regulated by the state where the race is located. A takeout, or "take", is removed from each betting pool and distributed according to state law, among the state, race track and horsemen.

A variety of factors affect takeout, namely location and the type of wager that is placed. Advanced Deposit Wagering is a form of gambling on the outcome of horse races in which the bettor must fund his or her account before being allowed to place bets. ADW is often conducted online or by phone. In contrast to ADW, credit shops allow wagers without advance funding; accounts are settled at month-end.

Racetrack owners, horse trainers and state governments sometimes receive a cut of ADW revenues. The most famous horse from Canada is generally considered to be Northern Dancer , who after winning the Kentucky Derby , Preakness and Queen's Plate in went on to become the most successful Thoroughbred sire of the twentieth century; his two-minute-flat Derby was the fastest on record until Secretariat in The only challenger to his title of greatest Canadian horse would be his son Nijinsky II , who is the last horse to win the English Triple Crown.

It is the only race track in North America which stages Thoroughbred and Standardbred harness meetings on the same day. There are 15 racecourses in the Czech Republic, most notably Pardubice Racecourse, where the country's most famous race, the Velka Pardubicka steeplechase , has been run since The Czech horse racing season usually starts at the beginning of April and ends sometime in November. Racing takes place mostly at weekends and there is usually one meeting on a Saturday and one on Sunday.

France has a major horse racing industry. Besides Longchamp, France's other premier flat racecourses include Chantilly and Deauville. There is also a smaller but nevertheless important jumps racing sector, with Auteil Racecourse being the best known. The sport's governing body is France Galop. Horse racing in Great Britain is predominantly thoroughbred flat and jumps racing.

It was in Great Britain in the 17th to 19th centuries that many of the sport's rules and regulations were established. The name " Derby " has since become synonymous with great races all over the world, and as such has been borrowed many times in races abroad. The Grand National is the most prominent race in British culture , watched by many people who do not normally watch or bet on horse racing at other times of the year. The sport is regulated by the British Horseracing Authority. Despite having an ancient tradition with well-documented history, all racetracks in Greece have ceased operation due to the Greek government-debt crisis.

Hungary has a long-standing horse racing tradition. The first horse racing in Pest was noted June 6, Foremost of these is Kincsem , foaled in and the most successful Thoroughbred racehorse ever, having won 54 races in 54 starts. The country also produced Overdose , a horse who won his first 12 races, including group races in Germany and Italy, and finished fourth in the King's Stand Stakes at Royal Ascot. Ireland has a rich history of horse racing; point to pointing originated there, and even today, jump racing is more popular than racing on the flat.

As a result, every year Irish horse racing fans travel in huge numbers to the highlight event of the National Hunt calendar, the Cheltenham Festival , and in recent years Irish owned or bred horses have dominated the event. In recent years, [ when? In the six runnings of the Epsom Derby between and , Irish horses filled 20 of the first 30 placings, winning the race 5 times.

Historically, Italy has been one of the leading European horse racing nations, albeit some respects behind Great Britain, Ireland, and France in size and prestige. The late Italian horse breeder Federico Tesio was particularly notable. In recent years, however, the sport in the country has suffered a major funding crisis, culminating in its expulsion from the European Pattern.

In Wassenaar in the Hague there is a grass course at Duindigt. The industry was severely limited during the Communist era, when gambling, the major source of funding, was made illegal. Harness racing also known as trotting , is a popular sport in Sweden, with significant amounts of money wagered annually. Horse racing in Australia was founded during the early years of settlement and the industry has grown to be among the top three leading Thoroughbred racing nations of the world.

In country racing, records indicate that Goulburn commenced racing in In Australia, the most famous racehorse was Phar Lap bred in New Zealand , who raced from to Phar Lap carried 9 st 12 lb In — the mare Makybe Diva bred in Great Britain became the only racehorse to ever win the Melbourne Cup three times, let alone in consecutive years. In harness racing , Cane Smoke had wins, including 34 in a single season, Paleface Adios became a household name during the s, while Cardigan Bay , a pacing horse from New Zealand, enjoyed great success at the highest levels of American harness racing in the s.

More recently, Blacks A Fake has won four Inter Dominion Championships, making him the only horse to complete this feat in Australasia's premier harness race. In all endurance events, there are rigorous vet checks, conducted before, during and after the competition, in which the horses' welfare is of the utmost concern. Horse racing is a significant part of the New Zealand economy which in generated 1. More than 40, people were involved in some capacity in the New Zealand racing industry in In , more than one million people attended race meetings in New Zealand.

Racecourses are situated in 59 locations throughout New Zealand. During the —09 racing season 19 New Zealand bred horses won 22 Group One races around the world. The most famous New Zealand standardbred horse is probably Cardigan Bay. The Champ de Mars is situated on a prestigious avenue in Port Louis , the capital city and is the oldest racecourse in the southern hemisphere.

The Mauritius Turf Club is the second oldest active turf club in the world. Undeniably, racing is one of the most popular sports in Mauritius now attracting regular crowds of 20, people or more to the only racecourse of the island. A high level of professionalism has been attained in the organization of races over the last decades preserving the unique electrifying ambiance prevailing on race days at the Champ de Mars.

Most of the horses are imported from South Africa but some are also acquired from Australia, the United Kingdom and France. Horse racing is a popular sport in South Africa that can be traced back to The first recorded race club meeting took place five years later in The premier event, which attracts 50, people to Durban, is the Durban July Handicap , which has been run since at Greyville Racecourse. It is the largest and most prestigious event on the continent, with betting running into the hundreds of millions of Rands.

Horse racing in one form or another has been a part of Chinese culture for millennia. Horse racing was a popular pastime for the aristocracy at least by the Zhou Dynasty — 4th century B. General Tian Ji 's strategem for a horse race remains perhaps the best-known story about horse racing in that period.

In the 18th and 19th centuries, horse racing and equestrian sports in China was dominated by Mongol influences. Thoroughbred horse racing came to China with British settlements in the middle s and most notably centered around the treaty ports, including the two major race courses in Shanghai , the Shanghai Racecourse and the International Recreation Grounds in Kiang-wan , and the racecourses of Tianjin.

See below. Horse racing was banned in the Republic of China from , and the People's Republic of China maintained the ban after , although allowances were made for ethnic minority peoples for whom horse sports are a cultural tradition. The longer race led to deaths and injuries to participating horses in both and the 11th National Games in Also, with the entry into the sport of Han majority provinces such as Hubei , which are better funded and used Western, rather than traditional, breeding and training techniques, meant that the original purpose of the event to foster traditional horse racing for groups like the Mongols was at risk of being usurped.

At the National Games, Hubei won both the gold and silver medals, with Inner Mongolia winning bronze. As a result of these factors, the event was abolished for the 12th National Games in Club horse racing reappeared on a small scale in the s. In , the China Speed Horse Race Open in Wuhan was organized as the qualification round for the speed horse race event at the National Games the next year, but was also seen by commentators as a step towards legalizing both horse racing and gambling on the races.

Almost all Chinese trainers and jockeys stabled in Wuhan. However, with the demise of the event at the National Games and the government not relenting from the ban on commercial racing, various racecourses built in recent years are all in a state of disuse: The Nanjing Racecourse, which previously hosted National Games equestrian events, is now used as a car park; [77] the Beijing Jockey Club was shut down in The racecourse in Inner Mongolia has not been active after Horse racing eventually returned to mainland China on the year as the one-day, five-card event for foreign horses, trainers and jockeys.

The British tradition of horse racing left its mark with the creation of one of the most important entertainment and gambling institutions in Hong Kong. Established as the Royal Hong Kong Jockey Club in , the non-profit organization conducts nearly races every season at the two race tracks: in Happy Valley and Sha Tin. All horses are imported since there is no breeding operation. Off-track betting is available from overseas bookmakers.

In a hypothetical event that has eight possible outcomes, in a country using a decimal currency such as dollars , each outcome has a certain amount of money wagered:. Following the start of the event, no more wagers are accepted. The payout is now calculated.

First the commission or take for the wagering company is deducted from the pool. For example, with a commission rate of Thus, the odds on Outcome 4 are 7-to-1 or, expressed as decimal odds , 8. Prior to the event, betting agencies will often provide approximates for what will be paid out for a given outcome should no more bets be accepted at the current time. Using the wagers and commission rate above In real-life examples, such as horse racing , the pool size often extends into millions of dollars with many different types of outcomes winning horses and complex commission calculations.

The rounding loss is known as breakage and is retained by the betting agency as part of the commission. In some situations, a negative breakage may occur. For example, in horse racing when an overwhelming favorite wins or shows or places. In an event with a set of n possible single-winner outcomes, with wagers W 1 , W 2 , The parimutuel system was invented by Catalan impresario Joseph Oller in The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator , "automatic totalisator" or "tote board", invented by the Australian engineer George Alfred Julius.

The first was installed at Ellerslie Racecourse , Auckland , New Zealand in , and they came into widespread use at race courses throughout the world. The U. Unlike many forms of casino gambling, in parimutuel betting the gambler bets against other gamblers, not the house, which necessarily implies that the bank cannot be broken. The science of predicting the outcome of a race is called handicapping. Independent off-track bookmakers typically have a smaller take and thus offer better payoffs, but they are illegal in some countries.

However, the introduction of Internet gambling led to "rebate shops". These off-shore betting shops promise to return some percentage of every bet made to the bettor. There may be several different types of bets, in which case each type of bet has its own pool. The basic bets involve predicting the order of finish for a single participant, as follows:. In Canada and the United States , the most common types of bet on horse races include:. Win, place and show wagers class as straight bets , and the remaining wagers as exotic bets.

Bettors usually make multiple wagers on exotic bets. A box consists of a multiple wager in which bettors bet all possible combinations of a group of horses in the same race. A key involves making a multiple wager with a single horse in one race bet in one position with all possible combinations of other selected horses in a single race.

A wheel consists of betting all horses in one race of a bet involving two or more races. For example, a 1-all daily double wheel bets the 1-horse in the first race with every horse in the second. People making straight bets commonly employ the strategy of an "each way" bet. Here the bettor picks a horse and bets it will win, and makes an additional bet that it will show, so that theoretically if the horse runs third it will at least pay back the two bets.

The Canadian and American equivalent is the bet across short for across the board : the bettor bets equal sums on the horse to win, place, and show. A parlay , accumulator or roll-up consists of a series of bets in which bettors stake the winnings from one race on the next in order until either the bettor loses or the series completes successfully.

In Australia, certain exotic bet types can be laid as "flexi" bets. If the bet is successful, the bettor will get either the full winning amount shown on the board, or half the winning amount.

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You then place a bet with the bookmaker and lay it off with Betfair. If you do it right then you will win regardless of the outcome. The tool mentioned earlier locks in the profit that you make and if you use it wisely then you will win pretty much every time that you use it. It is important to point out that this horse racing system is based on mathematics rather than luck or gut feeling, so success comes down to following the rules to the letter.

Overall, this betting strategy is ideal for someone who is happy to spend a couple of hours learning the ropes and then meticulously planning their bets in order to pick up regular, fairly modest wins with little risk. Another of the popular horse racing systems is known as the extra place strategy.

This is an option that can be used by all gamblers using each way bets. Basically, bookmakers will sometimes pay an extra place on each way bets at some racing events. This means that you can look to take advantage of the greater chance of winning even when you wager a modest amount. The first point you need to understand is that bookies typically pay out on a fixed number of places depending upon the number of horses taking part and the type of event that it is. So, a handicap race with over 25 runners will pay out on 4 places, while a race with 5 to 7 runners will normally only pay out on the first 2 places.

To get started on this horse betting strategy you need to first of all find out what extra place offers are currently available from bookies. I use Oddschecker to find this out. It is then a question of methodically working out the odds that are on offer for finishing in the extra place, and how you can lower the risk.

If your horse finishes in the extra place position, you win both the place part of the each way bet and also the place lay bet. As with the Each Way Sniper betting strategy, this is a horse racing system that is all about understanding the odds on offer and making smart decisions based on maths rather than having an in-depth knowledge of the horses.

Read more about the extra place strategy here. As you start looking at the offers from different bookies you will see that there are sometimes horse racing refunds available. These are special deals that will give you a refund if a certain event occurs. This refund will typically be in the form of a free bet that you get awarded for future use.

The outcome that triggers this refund can be that your horse comes second, a high odds runner wins or a number of other different situations. This sort of offer in itself gives you a slightly better chance of coming out ahead but you still need to do some work in order to choose your exact bet wisely. To get started, you will find that Saturday afternoon televised races often feature more refund opportunities than any other time of week. The majority of the big bookmakers have this kind of deal.

Once you have identified a refund offer that looks worth betting on then the next step is to work out whether you can lower your risk by finding a way of minimising the qualifying loss. For instance, you should be looking for runners that have closely matched odds with both the bookie and the exchange. Yet, it can be extremely productive if you get it right. Find out more about horse racing refunds here. Among the most popular horse racing systems that you have heard of it is likely that you are aware of horse racing tips.

These are suggestions that are handed out to punters by professional tipsters with strong track records. They may base their tips on inside knowledge or simply on having a long, successful career in identifying the best bets in any particular race. Of course, it is also worth pointing out that there are some scams in this industry for you to be aware of and avoid.

Ideally, you will use a trial period offer to give one of these sites a try before you give them any of your money for a subscription. Some of these services are also free to join up to, although you should still be aware of the dangers of giving your email address to a scamming site. If you start to use a good, reliable horse racing tips service then it should turn out to be a very profitable move.

Even if you are paying out for the tips you receive then you will still end up in the black if you get solid advice and act on it. Generally speaking, once you sign up for one of these services then you will receive daily tips sent to your email inbox. A couple of the reputable sites that are worth giving a try are Betting Gods and Betfan. While we have looked at fairly easy horse racing systems so far, there are also more advanced strategies that you might be interested in trying out too.

A good example of this comes with the way that the Betfair horse betting exchange allows you to trade. There are a number of different ways of doing this to try and ensure a healthy win. An example of when this could be useful is when you place a bet but then the conditions change due to heavy rain or some other external factor. In this way, you will lower the risk of losing money and give yourself an extra chance of winning instead.

Indeed, in some cases you may be able to guarantee that you win something no matter what happens in the race. There are a few different ways of using this horse betting strategy to try and increase your chances of winning. If there are a small number of horses in the race, show or place bets may not be offered or if bets have already been made, they are cancelled and the wagered amounts refunded.

In Europe, Australia, and Asia, betting to place is different since the number of "payout places" varies depending on the size of the field that takes part in the race. For example, in a race with seven or less runners in the UK, only the first two finishers would be considered winning bets with most bookmakers. Three places are paid for eight or more runners, whilst a handicap race with 16 runners or more will see the first four places being classed as "placed".

A show bet in the North American sense does not exist in these locations. An each-way bet sees the total bet being split in two, with half being placed on the win, and half on the place. The full odds are paid if the horse wins, plus the place portion , with a quarter or a fifth of the odds depending on the race-type and the number of runners if only the place section of the bet is successful.

In the UK some bookmakers will pay for the first five some independent firms have even paid the first six for a place on the Grand National. This additional concession is offered because of the large number of runners in the race maximum Occasionally other handicap races with large fields numbers of runners receive the same treatment from various bookmakers, especially if they are sponsoring the race. Each portion is treated by the totalizator as a separate bet, so an across-the-board bet is merely a convenience for bettors and parimutuel clerks.

In addition to straight wagers, "exotic" wagers offer bettors an opportunity to incorporate the placement of different horses in one or multiple races. The two broad types of exotic wagers are horizontal and vertical. Horizontal exotic wagers are bets on multiple horses in one particular race, while vertical exotic wagers involve predicting results across multiple races.

Both have specific options for which bets are available and are detailed below. In the most basic horizontal wager, an exacta , the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses.

Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order. A quinella , which boxes an exacta allowing the first two finishers to come in any order and still win , is the basic box, but boxing can be applied to the trifecta and superfecta as well. In a sense, a win bet can be thought of as a specific type of wheel bet.

Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3 , pick-4 , pick-5 and pick-6 respectively. In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange. Punters who lay the odds are in effect acting as a bookmaker.

The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members. By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century. In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day.

Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.

The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet.

Betting on horse racing in the UK is wide and varied. In there were 8. From Wikipedia, the free encyclopedia.

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BEST Horse Racing Trifecta Strategy To Consistently Get Huge Payouts Part 1

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