Horse race betting can be a complicated process if you want to increase your bankroll. The horses, race tracks, jockeys and several other factors influence the winning bet for 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 article will provide and explanation of horse race betting and a few simple principles to follow to win at the races.
Horse racing can be like mathematics…calculative. You have to take calculated risks before you go for the big kill. It is very important to get your fundamentals right if you want to make some serious money.
There are several types of betting options popularly known as wagers on the race 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 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 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 that 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 can 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 some tracks.
When you place a bet at the tracks, all the money goes into a common wagering pool. It is from this pool that the house takes their cut for paying taxes and other expenses. After these expenses have been taken the remainder of the money 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 should be to understand the several betting systems and get a hang of horse race handicapping.