HOW TO BET ON HORSES

If you want to learn how to be profitable, you just need to know the cutting edge Horse Racing Systems that are out there right now. There are several systems in the world and those that are smart, can create a winning outline and strategy to horse racing bets that will last a lifetime. Seriously, there are a lot of great systems out there that create a cutting edge victory train that will not easily be forgotten.




Assuming you are going to watch a good race at a track where you are allowed to bet, you can make some serious cash. That's right, we're talking about winning some major money in horse racing. Horse Racing Systems are a dime a dozen, but there are not that many people taking advantage of these. You can try to lock in odds or try to gain a variety of different odds on several horses and cross their fingers. Horse betting creates a couple of unique chances to win. That's right, you don't always have to go for the gusto and place your horse into the winners circle.



If you're savvy you can bet on three different horses and they each don't have to hit the number one spot. You can get some serious cash with proper Horse Racing Systems, which are a blessing for many people who find horse racing to be enjoyable. By going to the track and just throwing your money at the betting window, you are setting yourself up for failure and that's not exactly going to be fine and dandy when the rent is due in a few days, so don't believe that you're special and have a hunch. Go with a proven system that will not only mean you're going to get a good payout but is as close to a sure thing as you can get when talking about gambling.



If you're looking into global horse racing, you might take advantage of Horse Racing Systems abroad. You could for example, go for the gold in the Uk where you can bet with seven or less runners and only the first two finishers will get winning payouts. Three places are paid for eight or more runners, and a handicap race with sixteen runners or more will see the first four places as being "placed". This kind of confuses some people who are used to traditional betting from the United States.



Voting abroad is not that easy. Plus if you're accustomed to the rules that are involved in the United States, you don't want to just go abroad and start voting on different races. It's a complete different kind of monster, creating a whole new world for those that are adhering to Horse Racing Systems. That's right, if you could follow a simple system, you're going to win more than lose, and that means you're going to get paid for once. Why try to out smart a system and lose, when you could adhere to some simple steps and cash in big! That's right, the time to cash in is now, and you can go for gold for once in a lifetime.
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Have you ever wanted to bet on a horse race but were unsure of how to do it? Well now you can learn the basics of betting and make your experience at the race track fun, exhilarating, and profitable. Learning the horse betting rules can be quite confusing at first, but after some experience you will be betting like a pro!










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Locate a mouse track and determine its racing schedule.


Plan on arriving at least half an hour early to familiarize yourself with the track.

Purchase a racing program. These cost about $4 and include information about the horses and jockeys in each race.

Find a seat with a comfortable view of one of the racing monitors. The monitors display dynamic betting odds, race number, and a live feed on what is happening on the race track.

Open the program to the current race. You can find the race number on the monitors.

Decide on which horses you think have the best chance of winning. Each horse is assigned a number that appears in the program and on the horse's saddle pad. Evaluate the horses one at a time using the information provided in the program:







Look at the percent chance that the jockey will win the race on this particular horse. This can be found under the jockey’s name.

Look at the horse's race record. Most programs have a diagram at the beginning that will show you where it can be found.

Look at the estimated odds of this horse winning the race. This will appear as a large number printed next to the horse’s information.

Note: the published odds are estimates and can change depending on the track condition, amount of money bet on the horse, and other factors. These changes can be observed on the monitors prior to each race.

Take into consideration the estimated outcome for the first three places. This information is usually printed at the top of the page.

Consider the following additional information located in the back of the program:

Jockey’s overall win percentage

Trainer’s overall win percentage

Owner’s overall win percentage

Decide what kind of bet you would like to make and the amount you want to bet. Some common bets are as follows:



Place a ‘win’ bet if you think you know the winning horse.

Ex: “$2 to win on number 3.”

Make a ‘place’ bet if you think a horse will come in first or second.

Place a ‘show’ bet if you think a horse will come in first or second or third.

Place an ‘exacta’ bet if you think you know the first and second place horses in order.

Ex: “$2 exacta, numbers 3 and 5.” (3 will come in first and 5 will come in second)

Place a ‘quinella’ bet if you think you know the first and second place horses, but not the exact order.

Place a ‘trifecta’ bet if you think you know the first, second, and third place horses in the exact order.

Place a ‘superfecta’ bet if you think you know the first, second, third, and fourth place horses in the exact order.

Locate the betting table and place your bet with one of the cashiers. You will receive a ticket with the details of the bet.

Watch the race and wait for the official outcome to appear on the monitors.

If you have a losing ticket, discard it. If you have a winning ticket, present it to the cashier and you will receive a cash voucher for the amount you have won.

At the end of the day, take all of your vouchers to the cashier to receive your winnings in cash.

It is helpful to look in the program and find the colors assigned to the horses for each race. This way you can more easily keep track of the horses during the race. Make sure you look at the blanket of the horse for the color and not the jockey's shirt.


Do not be fooled if a horse's odds of winning (on the monitor) suddenly increases right before the race. Often times the trainer and owner will bet a lot of money on their own horse in order to encourage you to bet on their horse as well.

Remember that bets on horses with the lowest odds will yield the lowest winnings. If you want a safe bet, you can rely on the favorite horses. If, however, you are willing to take a risk, you can bet on horses with higher odds and potentially make more money if the horse wins.

Select the winning horses in the daily double. The daily double is two specific consecutive races, usually the first two and/or last two races of the day. Some tracks offer a rolling daily double which is bet on any two consecutive races.
"Scratches" are horses that have been withdrawn from the race. No bets are sold on these horses. Bets are refundable on late scratches unless the bet specifically states otherwise (eg. off time favorite substituted).
Odds are an approximation of how much a horse will pay to win a race. You will notice that as betting on a race progresses closer to post time, the odds will change. Why is that you ask? The monies that are wagered in a race are counted up and put into Pools.








What is a Pool? A Pool is where the total amount of money that is wagered on a specific type of bet is held to be redistributed to patrons that have correctly selected the outcome of the specific wager they have placed. Out of these pools certain percentages are subtracted. Why is that you ask? The reason being, a percentage of all money wagered go to governments, racetracks, and Horseman. The Government receives a percentage (for tax purposes) for allowing conduct racing in a certain jurisdiction. The Racetracks receive a percentage for promotions, maintaining the racetrack, and paying employees. The horsemen receive a percentage that makes the Racetracks able to offer purse money to the owners and trainers for racing horses. If there were no money, there would be no races. After the percentages are removed, the remaining money is paid out. This is where we get our payoffs for winning tickets.





The odds are usually of the form x/y (e.g. 5/1, 9/5). Dividing x by y gives a ratio to 1. The smallest ratio or the largest amount of money on a number represents the favorite.



Winning odds of 2/1 will pay $6.00 for a $2 bet, while 5/1 will pay $12.00 for a $2 bet. Payout is calculated by (odds ratio to 1) x bet amount + bet amount.





Example: For odds of 5/1, the approximate payout for a $2 bet is 5 x $2 = $10 + $2 = $12.
Below are the horse wagering types offered on certain races as well as what they cost, payouts, minimum and maximum wager amounts and all tracks offered. We hope this step-by-step guide will help you understand all horse betting.




Straight

Straight Wagers (WIN, PLACE, SHOW)



In all straight wagers the amount to be wagered on a horse is the amount to be risked in the play. There is no way one can lose more than the amount wagered. The amount to win on a horse is posted by the track right after the race finishes. There is no way to know how much you will win in a horse bet before the race starts, but you still can have an idea by looking at the unofficial odds which are subject to change depending on various factors within the race, such a scratches, other horses, track conditions, weather etc.



WIN

A "WIN" bet is just what it sounds like: betting that the horse you pick will win the race. You win if the horse wins.



PLACE

For a horse to "PLACE" it must finish the race either first or second. Obviously this bet is a little less risky so the return will not be as great as a win bet.



SHOW

For a horse to "SHOW" it must finish the race either first, second or third. This is a conservative bet but still can be profitable if you pick your spots.



ACROSS THE BOARD

This is a quick and easy way to say that I want to play my horse in all three positions. ($2 Across The Board = $2 to win, $2 to place, and $2 to show). If the horse wins you collect all three bets. If the horse finishes 2nd then you collect the place and show bets. If the horse finishes 3rd then you will only collect the show bet.



Now that you're versed in horse wagering types, let's move on to exotic wagers. This way you can find the enjoyment that makes thoroughbred horse racing one of the most popular spectator sports in the world!



Exotic Wagers

Examples of these are the Exacta, Quinella Trifecta, Daily Double, Superfecta and Daily Triple/Pick 3.



Needless to say, these wagers are all more difficult than WIN, PLACE or SHOW because they require multiple selections to finish in the proper order.



Exacta

With this bet you must pick the first two finishing horses in the exact order of their finish. In other words, you must pick the horse that wins and the horse that finishes second. Again, an exacta can also be played using multiple combinations. Wheeling , keying and boxing horses in exactas is a popular bet at the track.



Quinella

In the Quinella, you must pick the horses that finish first and second. Either one can be first and the other one second. This bet is exactly the same as the "Exacta Box". Although the Quinella has the same function as the "Exacta Box" the payoff can vary substantially.



Quinella wagers are entered into their own pool separate from the exacta pool. Not all tracks offer the Quinella wager.



Trifecta

With this bet you must pick the first three finishing horses in the exact order of their finish. In other words, you must pick the horse that wins, the horse that finishes second and the horse that finishes third. In order to have action, at least seven (7) horses must start the race.



Superfecta

With this bet you must pick the first four finishing horses in the exact order of their finish. In other words, you must pick the horse that wins, the horse that finishes second, third, and fourth.



Daily Double

The daily double involves picking the winning horse in two consecutive races. All tracks offer the early daily double which involves races #1 and #2. Most tracks also offer a late daily double which is the last two races of the day. Some tracks also offer a rolling daily double which is on any two consecutive races. To win a daily double you must pick the winning horse in each of the two races. Multiple combinations can be used when playing the double. Wheeling and keying horses in any leg of the daily is accepted.



Pick 3

In order to win a Pick 3 bet you are required to select the winning horse in three consecutive races. Many tracks offer the Pick 3 and most even offer a rolling Pick 3. Our software currently does not support Pick 3 but, if you are interested in this type of wager, do not hesitate to give us a call and we would be happy to take it for you.



Keying horses in exotics

A "key" is when you use a single horse to win, run second, or third using multiple horses in front of him or behind him.



Example: A $2 dollar exacta key, the 2 horse with the 3-4-5-6. This means the 2 horse must win the first leg of your exacta and either the 3-4-5 or 6 must come in second to win your bet. The same concept applies to daily doubles, trifectas, superfectas, pick 3's, and pick 4's.



Wheeling horses in exotics

A wheel is when you use a single horse in a position with multiple horses finishing ahead or in some cases behind the horse you are wheeling. In many cases a "wheel" and a "key" can be considered the same thing.



Example: A $2 dollar Exacta, the 1 horse with the 2-3-4. This means the 1 horse must win the race and the 2,3,or 4 must run second to win the bet. Another example might be a $2 dollar Exacta the 2-3-4 horse with the 1 this means the 2, 3, or 4 must win and the 1 must run second. Or use your key horse overall (the rest of the horses). The same theory applies when betting Trifectas, Superfectas and multi-race exotics.



Part wheels

Part wheels are offered at a $1 minimum bet per combination -- $2 minimum total cost. Part wheels are when you use multiple horses in different positions.



Example: A $1 dollar Trifecta part wheel the 1-2 horse with 1-2-3 with 1-2-3-4-5. This means the 1 or 2 must win the race the 1-2-3 must run second and the 1-2-3-4-5 must finish third for the bet to win. The same theory applies to the exacta and Superfecta. A part wheel can be used in the pick 3's and 4's but obviously the horses used must win the race.



Boxing horses in exotics

A "box" Is when you use multiple horses taking all possible combinations in that particular bet. If you have determined that two, three, or four horses are the best in the race but you are not sure which one will run first, second, third or fourth, the "box" may be your best bet.



Example: A $1 dollar trifecta box using the 1-2-3-4. This means three of your four horses must finish in the top three to be a winner. Same example applies to Exacta (top two finishers) & Superfectas (top four finishers).



Coupled Horses

Sometimes horses are coupled (entries = two horses from the same stable or owner, Ex. #1 and #1A). Essentially, there will be a 1 and a 1A. Sometimes one of the horses could be scratched but, if they both run, you get them both. So, if you select a horse that is part of a coupled pair (horses 1 and 1A) both horses would be considered as one selection. For example, if you played 1-3-7 as your trifecta and result was 1A-3-7, you win. Also, if one horse gets scratched, you have the other horse regardless of who you selected. If you select 1A and 1A gets scratched, your bet will still stand on the 1 horse.


Some tracks allow different minimum amounts on each bet type; generally, $1 bets tends to be the minimum on all bets. The odds are computed based on the sales on the bet less a government and handling tax. These deductions vary and are usually controlled by a regulatory body. Deductions may vary at the same track if there are simulcast races. In addition some tracks tax payouts in excess of a specified limit; generally, this limit is 600/1.