Horse competition betting can be a complicated process if you want to increase your bankroll. The actual horses, race 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 successful conclusion and be able to separate the contenders from the pretenders. For the novice this short article will give you and description of horse race betting and some simple principles to follow to win 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 a few serious money.
There are several kinds of betting options popularly known as wagers on the competition track. They 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
Show: Here the horse needs to complete 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’ve chosen. It is only then that you could collect your winnings
Exacta Box: In this betting option, you choose two 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 system, here you play three horses instead of two and they have to come first, second and third in the exact order as you have 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 plus 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 instead of three.
The minimum wager on tracks across America is USD$2. But in the case of multiple wagers you can bet as low as 10 cents on a few tracks.
Whenever you place a bet at the tracks, all the money goes into a common wagering pool. It is out of this pool that the house takes their cut for paying taxes along with other expenses. After these expenses happen to be taken the rest of the cash is handed out to the winners.
After getting an explanation 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 techniques and get a hang of horse race handicapping.