The most common horse racing betting type is the single bet. The single bet can be placed on the horse to win the race or an each-way – where you can receive returns for grabbing a place (normally 1st 2nd and 3rd).
A win bet is the most common and straightforward bet. You're simply betting on a specific horse to finish in first place. If the horse that you wager on doesn't finish first, you lose the bet. Of the straight bets, this usually offers the best payout, as it has the greatest risk.
“Straight” bets are your least complicated option and they're the safest. These involve wagering that your horse will win, place or show, meaning that he'll come in first, second or third, respectively. If you wager on him to win and he does indeed win, so do you. If he comes in second or third, you lose.
But to box the minimal number in a first 4 you will pay four times as much. Interestingly, if you box four horses in a trifecta, it will cost you exactly the same as boxing four in a first 4, but any increase in the number of horses will do amazing things and create huge differences.
The granddaddy of all horse betting strategies is the Superfecta, the toughest bet in all of horse racing. The Superfecta is picking the top four finishers in exact order. Minimum entries 6 for a bet to be official.
The easiest wager in horse racing, a show bet pays off if your horse finishes first, second, or third. Payoffs are usually smaller than those generated by win or place bets. You win the wager if your horse finishes first, second, or third.
Double chance bet: In this bet, you win money when any two from the three outcomes are obtained. It means, even draw match wins you money when you have placed money on the possibility of draw or lose. 1x2 betting with double chance proves easy when the strong team is meeting a weak team at home ground.
Trifecta Box Betting
For example, a $2 three-horse trifecta box costs $12. Adding a fourth horse bumps up the price to $48.
Trifecta box bets are significantly more expensive than straight trifectas because they cover every possible finishing order. A $1 three-horse trifecta box costs $6 because there are six possible outcomes in which those horses finish in first, second, and third place.
The safest bet in horse racing is an each-way single bet. A single bet means you do not need multiple horses for you to receive a return for your bet.
The Super Heinz is a bet on seven selections taking part in various events consisting of 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, seven sixfolds, and a sevenfold accumulator which totals a huge 120 bets. Two selections must win to ensure any returns.
If you want to play safe' it might be wiser to bet two horses for a win in the race, rather than bet each-way. Be very wary of betting each-way in big, fields.
The answer may surprise you. According to data from Equibase, over the past ten years, horses in post position number five have won the most races. In fact, horses in post five have won almost 13% of all races run during that period.
In most horse races the idea is to pick the winner. But when you have an event as big as the Grand National, and with a field of 40 runners, the chances of being right on the money are tricky. That's where the 'Each-Way' bet makes more sense.
Trifecta Key
At a minimum bet of $1, you will need to pay $6 to cover your bet. Your Key horse will need to finish in first place, while two of your other selected horses will be required to finish in second and third place before you can consider yourself a winner.
Trifecta betting offers even modest bettors a chance at a big score for a minimum outlay of cash. Also known at some tracks as a Triactor, the Trifecta requires you to pick the first three finishers in a race in exact order. The major attraction of Trifecta betting is the possibility of huge payoffs.
so that as long as the winning horses are selected the ticket is a winner. Example: A 50- cent Tri Box 8-4-5 costs $3.00 because it covers the following 6 different trifecta combinations: 4-5-8, 4-8-5, 5-4-8, 5-8-4, 8-4-5, and 8-5-4.
What is the payout on a trifecta box? If you bet on three horses in a trifecta box, the payout is usually 24 times your original bet. For example, if you placed $10 on each horse and won $40 when all three ran together, your total winnings would be $480.
A $2 quinella box bet involving three horses would cost the bettor $6 while a $2 quinella box on four horses would cost $12. As the number of winning combinations increases, so too does the cost of the wager.
Remember that college football is the most profitable betting option out there. Baseball has the lowest betting value for new and experienced bettors.
Make bets based on the odds.
Betting with your head instead of your heart is all about making smart bets based on odds rather than emotions. Sometimes it's a good idea to bet on the numbers rather than who you think will win, because this can represent a better value if the odds are in your favor.