Horse race betting is centuries old. Back then, it used to be for the elite only however now, it’s available to everyone. Betting on the outcome of horse races is both fun and profitable. In order to win, one has to place a bet.
This can be very easy as long as you master the expertise of horse race betting. There are numerous horse race tournaments that you can wager on across the globe.
Some of the tournaments are held in;
- Europe
- Australia
- America
- England
How Horse Racing Betting Works
First of all, you must choose a legitimate race. Next, you need to choose a trainer, a jockey or a horse. The odds will always show on the side. After that, you must choose a casino to bet with. Now you must select the Australian Dollar as your currency.
Lastly, you should state your bet and then place the bet. Depending on the website you chose, results will be shown immediately. Also, your wins or loses will also be shown immediately.
Best AU Sites for Horse Race Betting
- bet365
- UniBet
- BetFair
- Points Bet
- Bluebet
What to Look for in Sports Betting Site
When in tom comes to gambling, online sports betting in particular, you need to make sure that you are are at the site that offers you the best and nothing but the best. That us why below we want to look a ta few things that make up the best horse race betting sites in Australia.
- Best Markets and Odds
- Mobile Betting Platform
- Payment Methods that you can use
- Different types of bets that you make make
- Safety and security
- Online customer service and Support
- Promotions and Bonuses
- A user-friendly interface
Betting Tips
Sports betting is relatively easy after you have doing it for a while, however, regardless of that fact, that does not mean that you don’t need a few tips to help you get better at it. That is why we have some tips that we are sure you will find helpful when it comes to horse race betting.
-
Manage Your Bankroll
– Gambling is generally if you playing online casino games or in this case, engaging in horse race betting. However, you need t make sure that you always manage your funds. That means that you should never bet with money that you cannot afford to lose.
-
Never Go All in
: Gambling is generally a risk, but that does not mean that you have to go all. Always leave a little fall fund just in case you lose the bet.
-
Bet on Different Race
: Just like it won’t kill you to play at more than one online casino, it will not kill to place your bet in more than one horse race. However, don’t bet in all of them as this can leave you broke.
-
Know your odds
: Sports betting is all about knowing the odds. As such, always make sure that you know the odds of the race that you want to bet in.
-
Know your Bets
: As much as you have to know your odds, you also need to know the different kind of bets. And even when you do know them, you can always use them all. We mean that you do not have to stick to one bet all the time.
Common Horse Racing Wager Types
-
Win
A Win wager or Win bet lets you pick the horse that you think will cross the finishing line first. If your horse wins, you win. However, if your horse loses, you lose.
-
Place
A Place bet lets you pick the horse that you think will cross the wire 1st or 2nd. The pool of the money wagered is split between two horses, the one that comes in first and second place.
-
Show
A Show bet lets you pick a horse to finish in the first, second or third position in a given race. You win the bet if your horse runs first or second or third: you win your Show Bet. However, you lose if your horse finishes “off the board” (not in the top three).
-
Exacta
An Exacta bet or Exactor or Perfecta lets the bettor pick 2 horses to finish in the 1st and 2nd place positions (Win and Place), in the exact order. You win when both horses finish in the chosen order.
-
Exacta Box
You can choose to “box” your exacta. This will cost double the price, though. You will win no matter which horse wins or places.
-
Exacta
An Exacta bet or Exactor or Perfecta lets the bettor pick 2 horses to finish in the 1st and 2nd place positions (Win and Place), in the exact order. You win when both horses finish in the chosen order.
-
Trifecta
With a Trifecta, you must correctly select 1st, 2nd and 3rd place finishers in the exact order. Even a small wager may have a big payoff because it’s difficult to correctly select the top 3 finishers.
-
Trifecta Key
Trifecta key bet requires you to pick on a winner on a horse race. It gives you more leeway in picking a second and third place winner. You must still get the horses that show and place correct. However, it allows you to fill a “key” of 2 or more horses that can finish 2nd and 3rd in any order. The bets price increases with the number of horses added to the key.
-
Trifecta Box
This lets you select 3/more horses from the field which you think will finish in the top 3 spots. You must guess all 3 horses to win, place and show to win any sort of trifecta bet.
-
Superfecta
You must correctly predict the first 4 horses to finish the race. This must be in exact order.
-
Superfecta Key
4 horses are played. One is chosen to win. The other 3 horses follow in any order to win.
-
Superfecta Box
You pick the top 4 horses finishing in any order. Superfecta Box bets cost more than a straight Superfecta.
Conclusion
Horse race betting is a simple and fun way to enjoy horse racing. Punters can always to choose to not make a bet and still manage to enjoy the events. Placing horse racing bets means that you simply want to add a little thrill to the event. Should you chose to engage in horse race betting, always make sure that you know the odds and choose a site that offers you the best horse racing betting experience in Australia.