Horse race betting can be a complicated process if you wish to increase your bankroll. The actual horses, competition tracks, jockeys and several other factors influence the winning bet during 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 article will give you and description of horse race betting and a few 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 correct if you wish to make some serious money.
There are several types of betting options popularly known as wagers on the race track. These people can be described as below:
Win: In this basic bet the chosen horse needs to finish first for you to be able to collect
Place: For this your horse needs to finish either on the very first or second place
Display: Here the horse needs to complete either first, second or third that you should 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’ve chosen. It is only then that you can collect your profits
Exacta Box: In this betting option, you choose two race horses in the same way as Exacta. However, they if come in either first or second order for you to be able to collect.
Trifecta: Again, similar to the Exacta program, here you play three horses instead of two and they need 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, has 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 it is possible to bet as low as 10 cents on some tracks.
Whenever you place a bet at the tracks, all the cash goes into a common wagering pool. It is from this pool that the house takes their own cut for paying taxes and other expenses. After these expenses have been taken the rest of the money is handed out to the those who win.
After getting a reason of horse race betting and knowing 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.