Understanding Horse Betting

Before we even get started talking about horse betting, keep in mind we don’t condone gambling. However it’s definitely a big part of the enjoyment that is behind the sport so if you are capable of just doing it for fun then it will make the experience that more intriguing to try. Unfortunately, it’s very confusing when you first start out, which is why we’ll give you some helpful hints here today.

Win-Place-Show

The minimum bet to place on a horse in any particular race is $2.

You can take your money and pick a horse to win the race, come in 2nd and Place, or come in 3rd and Show. Now, if you pick a horse to Win and it doesn’t then you obviously lose. However, if you pick it to Place and it Wins the race you still win money. Same thing goes if you pick it to Show and it places 1st or 2nd.The Odds Now explaining the odds can be very complex, so don’t bother so much about the money side of your winnings.

The main thing to understand is that if a horse is 2-1, 6-5, or something similar it is most likely the favorite. If you choose this horse to win then the payout isn’t very big, but odds are you’ll at least win a little money. If you want the big payouts then placing a couple bucks on a 10-1, 20-1, or larger amount can make you more money if they place for the purse.

Strategizing

Granted you can take the easy road and bet specific places your favorite horse will finish, but horse betting definitely requires strategy.

It doesn’t matter if you want to try out an exacta, trifecta, pick 6, or any other avenue. One thing we will tell you, though, is that if you just start out with the basics you won’t lose as much money. Personally, we like placing bets across the board on each race we play. This can be very beneficial because if you put just $2 on win, place, and show you are spending $6 total.

If the horse you choose wins, then you make money on all three spots. Then again, if it doesn’t come in at all then you’re out the six bucks. Listen, you’re going to spend what you can afford to lose (hopefully), but these are just the basics. Just implement it into your specific horse betting amounts and you’ll be able to get started. Who knows, as you begin your horse betting journey and continue to get familiar with the ins and outs of what works best for you, a system may develop?

It could lead to prosperous days at the racetrack. However, if there is one tip we leave you with today, make sure you have a budget to play with when you go. It’s the best thing you can do when wagering on anything, especially horse betting.