To place a bet in a traditional betting shop, you will need to fill in your paper betting slip. Complete the slip with the name of the racecourse, the time of the race, the name of your chosen horse, the amount you wish to bet and finally the type of bet you are placing. Ensure you write clearly to save any confusion. Horse racing is not just a sport or a form of entertainment anymore. It has become a source of income for many people. Betting on horse racing has been happening ever since people found out that horses can run. Of course, winning your bet is all about luck and chance. However, being aware of the.
People have been betting on horse races since horses have been running. Betting on the outcome of formal horse races can be fun and profitable if you know what you're doing and can beat the odds. Betting on Horse Racing For Dummies offers lots of info to help better your odds including advice on what to pay attention to and what tools can help you at the track as well as the mechanics of placing a bet, the types of bets you can place, and your odds of winning.
- Betting on Horse Racing For Dummies - Ebook written by Richard Eng. Read this book using Google Play Books app on your PC, android, iOS devices. Download for offline reading, highlight, bookmark or take notes while you read Betting on Horse Racing For Dummies.
- An ‘across the board' wager is wagering on a horse to either, win, place or show. For example, if you like the No. 2 horse in the second race (Race 2) at Delaware Race Track. You bet $2 on the 2 horse across the board. The total amount of the wager is $6. The horse finishes second and pays $5 to place and $2.60 to show.
HOW TO PLACE A WAGER ON A HORSE RACE
Betting on horse racing isn't a complicated procedure. Most often, you place your bet, take your ticket, and tear it up when your bet doesn't pay off. However, if you're lucky — or skilled — you get to take your ticket back to the window and collect your winnings. The following list spells out the betting procedure step by step:
State the name of the racetrack.
State what number race you're betting.
State the dollar unit of your bet.
State the type of wager.
You can bet on a single horse to win, place, or show or on a combination of horses.
State the number of the horse or horses you're using.
Check your ticket before you leave the window.
BETTING TOOLS YOU NEED AT THE HORSE RACES
Along with your sunscreen (or umbrella!), a few items come in very handy when you're at the racetrack betting on horses. You may want binoculars to see your favorite pass the finish line, but the tools in the following list are even more useful when it comes to actually placing your bets:
Racetrack program: Like a program at a baseball game, it has information on all the players. In this case, the players are the horses, jockeys, trainers, and owners. Cost is $3.
The Daily Racing Form (DRF): It provides the past performances of all the horses running on the day's program and includes informative horse racing articles and handicapping by DRF staff. Cost is $4.
Public handicapper selections: If your racetrack or OTB (off-track betting) is covered by the local newspaper, they may pay a handicapper to make daily horse selections. Cost is 50 cents.
Handicapping tip sheets: These are daily selections published by handicappers at the racetrack. Cost is $2.
ODDS WITH $2 MINIMUM PAYOFF FOR HORSE RACING
You're betting on horse races and want to know how much your winning bet will give you. To compute your $2 win price, take the odds of your horse and multiply the first number by 2, divide that by the second number, and then add $2 — simple as that! Following is a list of payoffs at various odds for quick reference:
| Odds | $2 Payoff | Odds | $2 Payoff | Odds | $2 Payoff |
|---|---|---|---|---|---|
| 1/9 | $2.20 | 8/5 | $5.20 | 7/1 | $16.00 |
| 1/5 | $2.40 | 9/5 | $5.60 | 8/1 | $18.00 |
| 2/5 | $2.80 | 2/1 | $6.00 | 9/1 | $20.00 |
| 1/2 | $3.00 | 5/2 | $7.00 | 10/1 | $22.00 |
| 3/5 | $3.20 | 3/1 | $8.00 | 11/1 | $24.00 |
| 4/5 | $3.60 | 7/2 | $9.00 | 12/1 | $26.00 |
| 1/1 | $4.00 | 4/1 | $10.00 | 13/1 | $28.00 |
| 6/5 | $4.40 | 9/2 | $11.00 | 14/1 | $30.00 |
| 7/5 | $4.80 | 5/1 | $12.00 | 15/1 | $32.00 |
| 3/2 | $5.00 | 6/1 | $14.00 | 16/1 | $34.00 |
HOW TO MAKE A SHOW PARLAY BET ON HORSE RACES
Are you with a group of friends betting on horses at the racetrack? A fun way to bet on horse races that gets everyone in your party involved is a group show parlay. It works like this: Have each person ante up $5, and pool the money. Each person in the group picks one race and one horse to bet to show. Place the first bet, and if you win, parlay the money on the next race and horse. Your winnings can add up very quickly. For example, if four people start with $20 and each person wins a $3 show price, you'll have $101 after only four races!
HELPFUL FACTS FOR BETTING ON HORSE RACING
Horse Betting For Dummies Pdf
When you're at the track betting on horse races, you're looking to put yourself in the best position for winning, right? Of course you are, and the facts and stats in the following list can help you better your odds:
Every racetrack has a television simulcast commentator who handicaps between the races. Listen and see if you can pick up any good tips to bet on.
The top ten riders in the jockey standings win about 90 percent of the races run during the meet.
Favorite horses win about 33 percent of the time, although at low payoffs.
The morning line isn't who the racetrack oddsmaker likes in the race. It's his prediction of how the public will bet the race. A no-brainer method of betting overlays is to play a couple bucks on horses going off at odds two to three times higher than its morning line.
Betting On Horse Racing For Dummies Pdf
TYPES OF HORSE RACING WAGERS (AND YOUR CHANCES OF WINNING)
When it comes to betting on horse races, before you even place a bet on a horse you need to decide what type of bet to place. As the bets you can make range from a simple bet on a single horse in one race to choosing the winning horses for six consecutive races, you may need to the information in the following table to help you explore your betting options:
| Bet Type | Your Chances of Winning | Explanation and Expectation | Suggested Plays (Based upon a $100 Bankroll) |
|---|---|---|---|
| Show | Very good | Your horse must finish 1st, 2nd, or 3rd; modest payoffs | $6 per horse |
| Place | Good | Your horse must finish 1st or 2nd; payoffs better than to show | $5 per horse |
| Win | Average | Your horse must finish 1st; payoff determined by the win odds | $4 per horse |
| Quinella | Average | Your horses must finish 1st and 2nd in either order; a normal play is to box three horses | $2 quinella box using three horses costs $6 |
| Exacta | Hard | Your horses must finish 1st and 2nd in exact order; riskier bet that can pay a little or a lot, depending on the horses' odds | $1 exacta box using three horses costs $6; $1 exacta box keying one horse with three horses costs $6 |
| Trifecta | Very hard | Your horses must finish 1st, 2nd, and 3rd in exact order; can be expensive to play if you use a lot of horses | $1 trifecta keying one horse to win over three horses costs $6; $1 trifecta keying two horses to win over four horses costs $12 |
| Superfecta | Extremely hard | Your horses must finish 1st, 2nd, 3rd, and 4th; hard to bet unless you have a sizeable bankroll; big payoff possible | $1 superfecta keying one horse to win over four horses costs $24 |
| Daily Double | Hard | Your horses must win the two consecutive races; chance for a nice payoff with mid-priced horses | $2 daily double using two horses in each race costs $8; $2 daily double keying one horse to three horses costs $6 |
| Pick 3 | Very hard | Your horses must win three consecutive races; it's a daily double plus another race; $1 unit makes it affordable | $1 pick 3 using two horses in each race costs $8; $1 pick 3 keying one horse with three horses in two other races costs $9 |
| Pick 4 | Extremely hard | Your horses must win four consecutive races; chance for a big score for a modest amount | $1 pick 4 using two horses in each race costs $16 |
| Pick 6 | Thinking man's lottery | Your horses must win six consecutive races; very expensive to play; huge payoffs possible; a home run bet | $2 pick 6 using three singles with two horses each in the other three races costs $16 |
Today I have a confession to make that when it comes to horse racing – I must admit it, I am far from an expert on the sport of Kings.
It might be a strange thing for the Editor of the Smart Betting Club to share, but there you have it. I know enough to get by at a racecourse, but were I ever needed to discuss at length the chances of X horse or Y trainer, I would soon be stumped!
This lack of knowledge however has not stopped me making a regular income betting on horse racing, because it is my own belief (and personal experience) that as long as you follow the right racing tipsters and experts and know how to place a bet – it can be done. Let me show you how to win betting on horse racing.for dummies!
Finding The Right Racing Experts
The tricky part in the above statement though is finding the right tipsters in the first place – who exactly should you listen to when it comes to betting on sports you might know nothing about?
To help with this, each month in our Smart Betting Club newsletters, we feature columns from a number of proven racing betting and racing tipster experts who share exclusively their strategies for success. Meaning you don't need to know anything about the sport – just simply follow their expertise.
A prime example from January's Issue was this simple yet highly effective strategy from horse racing expert Scott Armstrong (of The Sportsman Racing), which went as follows:
James Ewart is one of Scotland's youngest and most up and coming trainers and by backing all Ewart's runners blindly in chase races you can make a handsome profit. In the last three seasons the Borders based trainer has sent out 141 runners in chases returning 27 winners. A strike rate of 19% and profit of £32.61 to a £1 stakes. There should be some mileage in this one for some time yet.
Ever since this strategy was published on the 20th January, the results have been as following:
1st Feb. Super Baby. Lost at 8/1 SP / 8.86 Betfair SP
28th Jan. Quicuyo. Won at 12/1 SP / 16.17 Betfair SP
26th Jan. Vosges. 2nd at 15/8 SP / 1.94 Betfair SP
21st Jan. Sa Suffit. Lost at 16/1 SP / 18.63 Betfair SP
4 runners in total and the big win on Quicoyo would have made a overall £90 profit at £10 level stakes to SP and £123 at Betfair SP (after 5% commission).
Going back for the whole of the 2011/12 chase season, James Ewart has trained 11 chase winners out of 54 with 12 seconds and 10 thirds. Download coin master for pc. At level stakes SP profit that's +14.64 pts.
The interesting aspect of this strategy is that it only works on his horses in chase races, as in hurdles races he has lost 17.01 pts in the past three seasons.
Again it all boils down to having the right expertise on hand and knowing exactly where the profit is to be made.
I like to call it my own How To Win On The Horses – For Dummies method!
Get Even More Racing Expertise
HOW TO PLACE A WAGER ON A HORSE RACE
Betting on horse racing isn't a complicated procedure. Most often, you place your bet, take your ticket, and tear it up when your bet doesn't pay off. However, if you're lucky — or skilled — you get to take your ticket back to the window and collect your winnings. The following list spells out the betting procedure step by step:
State the name of the racetrack.
State what number race you're betting.
State the dollar unit of your bet.
State the type of wager.
You can bet on a single horse to win, place, or show or on a combination of horses.
State the number of the horse or horses you're using.
Check your ticket before you leave the window.
BETTING TOOLS YOU NEED AT THE HORSE RACES
Along with your sunscreen (or umbrella!), a few items come in very handy when you're at the racetrack betting on horses. You may want binoculars to see your favorite pass the finish line, but the tools in the following list are even more useful when it comes to actually placing your bets:
Racetrack program: Like a program at a baseball game, it has information on all the players. In this case, the players are the horses, jockeys, trainers, and owners. Cost is $3.
The Daily Racing Form (DRF): It provides the past performances of all the horses running on the day's program and includes informative horse racing articles and handicapping by DRF staff. Cost is $4.
Public handicapper selections: If your racetrack or OTB (off-track betting) is covered by the local newspaper, they may pay a handicapper to make daily horse selections. Cost is 50 cents.
Handicapping tip sheets: These are daily selections published by handicappers at the racetrack. Cost is $2.
ODDS WITH $2 MINIMUM PAYOFF FOR HORSE RACING
You're betting on horse races and want to know how much your winning bet will give you. To compute your $2 win price, take the odds of your horse and multiply the first number by 2, divide that by the second number, and then add $2 — simple as that! Following is a list of payoffs at various odds for quick reference:
| Odds | $2 Payoff | Odds | $2 Payoff | Odds | $2 Payoff |
|---|---|---|---|---|---|
| 1/9 | $2.20 | 8/5 | $5.20 | 7/1 | $16.00 |
| 1/5 | $2.40 | 9/5 | $5.60 | 8/1 | $18.00 |
| 2/5 | $2.80 | 2/1 | $6.00 | 9/1 | $20.00 |
| 1/2 | $3.00 | 5/2 | $7.00 | 10/1 | $22.00 |
| 3/5 | $3.20 | 3/1 | $8.00 | 11/1 | $24.00 |
| 4/5 | $3.60 | 7/2 | $9.00 | 12/1 | $26.00 |
| 1/1 | $4.00 | 4/1 | $10.00 | 13/1 | $28.00 |
| 6/5 | $4.40 | 9/2 | $11.00 | 14/1 | $30.00 |
| 7/5 | $4.80 | 5/1 | $12.00 | 15/1 | $32.00 |
| 3/2 | $5.00 | 6/1 | $14.00 | 16/1 | $34.00 |
HOW TO MAKE A SHOW PARLAY BET ON HORSE RACES
Are you with a group of friends betting on horses at the racetrack? A fun way to bet on horse races that gets everyone in your party involved is a group show parlay. It works like this: Have each person ante up $5, and pool the money. Each person in the group picks one race and one horse to bet to show. Place the first bet, and if you win, parlay the money on the next race and horse. Your winnings can add up very quickly. For example, if four people start with $20 and each person wins a $3 show price, you'll have $101 after only four races!
HELPFUL FACTS FOR BETTING ON HORSE RACING
Horse Betting For Dummies Pdf
When you're at the track betting on horse races, you're looking to put yourself in the best position for winning, right? Of course you are, and the facts and stats in the following list can help you better your odds:
Every racetrack has a television simulcast commentator who handicaps between the races. Listen and see if you can pick up any good tips to bet on.
The top ten riders in the jockey standings win about 90 percent of the races run during the meet.
Favorite horses win about 33 percent of the time, although at low payoffs.
The morning line isn't who the racetrack oddsmaker likes in the race. It's his prediction of how the public will bet the race. A no-brainer method of betting overlays is to play a couple bucks on horses going off at odds two to three times higher than its morning line.
Betting On Horse Racing For Dummies Pdf
TYPES OF HORSE RACING WAGERS (AND YOUR CHANCES OF WINNING)
When it comes to betting on horse races, before you even place a bet on a horse you need to decide what type of bet to place. As the bets you can make range from a simple bet on a single horse in one race to choosing the winning horses for six consecutive races, you may need to the information in the following table to help you explore your betting options:
| Bet Type | Your Chances of Winning | Explanation and Expectation | Suggested Plays (Based upon a $100 Bankroll) |
|---|---|---|---|
| Show | Very good | Your horse must finish 1st, 2nd, or 3rd; modest payoffs | $6 per horse |
| Place | Good | Your horse must finish 1st or 2nd; payoffs better than to show | $5 per horse |
| Win | Average | Your horse must finish 1st; payoff determined by the win odds | $4 per horse |
| Quinella | Average | Your horses must finish 1st and 2nd in either order; a normal play is to box three horses | $2 quinella box using three horses costs $6 |
| Exacta | Hard | Your horses must finish 1st and 2nd in exact order; riskier bet that can pay a little or a lot, depending on the horses' odds | $1 exacta box using three horses costs $6; $1 exacta box keying one horse with three horses costs $6 |
| Trifecta | Very hard | Your horses must finish 1st, 2nd, and 3rd in exact order; can be expensive to play if you use a lot of horses | $1 trifecta keying one horse to win over three horses costs $6; $1 trifecta keying two horses to win over four horses costs $12 |
| Superfecta | Extremely hard | Your horses must finish 1st, 2nd, 3rd, and 4th; hard to bet unless you have a sizeable bankroll; big payoff possible | $1 superfecta keying one horse to win over four horses costs $24 |
| Daily Double | Hard | Your horses must win the two consecutive races; chance for a nice payoff with mid-priced horses | $2 daily double using two horses in each race costs $8; $2 daily double keying one horse to three horses costs $6 |
| Pick 3 | Very hard | Your horses must win three consecutive races; it's a daily double plus another race; $1 unit makes it affordable | $1 pick 3 using two horses in each race costs $8; $1 pick 3 keying one horse with three horses in two other races costs $9 |
| Pick 4 | Extremely hard | Your horses must win four consecutive races; chance for a big score for a modest amount | $1 pick 4 using two horses in each race costs $16 |
| Pick 6 | Thinking man's lottery | Your horses must win six consecutive races; very expensive to play; huge payoffs possible; a home run bet | $2 pick 6 using three singles with two horses each in the other three races costs $16 |
Today I have a confession to make that when it comes to horse racing – I must admit it, I am far from an expert on the sport of Kings.
It might be a strange thing for the Editor of the Smart Betting Club to share, but there you have it. I know enough to get by at a racecourse, but were I ever needed to discuss at length the chances of X horse or Y trainer, I would soon be stumped!
This lack of knowledge however has not stopped me making a regular income betting on horse racing, because it is my own belief (and personal experience) that as long as you follow the right racing tipsters and experts and know how to place a bet – it can be done. Let me show you how to win betting on horse racing.for dummies!
Finding The Right Racing Experts
The tricky part in the above statement though is finding the right tipsters in the first place – who exactly should you listen to when it comes to betting on sports you might know nothing about?
To help with this, each month in our Smart Betting Club newsletters, we feature columns from a number of proven racing betting and racing tipster experts who share exclusively their strategies for success. Meaning you don't need to know anything about the sport – just simply follow their expertise.
A prime example from January's Issue was this simple yet highly effective strategy from horse racing expert Scott Armstrong (of The Sportsman Racing), which went as follows:
James Ewart is one of Scotland's youngest and most up and coming trainers and by backing all Ewart's runners blindly in chase races you can make a handsome profit. In the last three seasons the Borders based trainer has sent out 141 runners in chases returning 27 winners. A strike rate of 19% and profit of £32.61 to a £1 stakes. There should be some mileage in this one for some time yet.
Ever since this strategy was published on the 20th January, the results have been as following:
1st Feb. Super Baby. Lost at 8/1 SP / 8.86 Betfair SP
28th Jan. Quicuyo. Won at 12/1 SP / 16.17 Betfair SP
26th Jan. Vosges. 2nd at 15/8 SP / 1.94 Betfair SP
21st Jan. Sa Suffit. Lost at 16/1 SP / 18.63 Betfair SP
4 runners in total and the big win on Quicoyo would have made a overall £90 profit at £10 level stakes to SP and £123 at Betfair SP (after 5% commission).
Going back for the whole of the 2011/12 chase season, James Ewart has trained 11 chase winners out of 54 with 12 seconds and 10 thirds. Download coin master for pc. At level stakes SP profit that's +14.64 pts.
The interesting aspect of this strategy is that it only works on his horses in chase races, as in hurdles races he has lost 17.01 pts in the past three seasons.
Again it all boils down to having the right expertise on hand and knowing exactly where the profit is to be made.
I like to call it my own How To Win On The Horses – For Dummies method!
Get Even More Racing Expertise
If you like the idea of betting successfully by following the right experts and tipsters, then do check out our monthly Smart Betting Club newsletters, which also features:
- Scott Armstrong's racing rundown with big race analysis, his monthly strategies and best bets.
- Chase expert Peter Cousins on the horses to follow over the next month. In January he picked out Morgan Be, who next time out won at 10/1.
- The best free tips & betting strategies such as the SBC member up 215 pts from his free tips since May. On Thursday he picked out Zip Lock at 16/1
Horse Race Betting For Dummies
Hopefully then like me you can start making money on horse racing regardless of your own expertise!
Betting On Horse Racing 101
Peter – Smart Betting Club Editor
