In the most basic horizontal wager, an exacta , the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses. Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order.
A quinella , which boxes an exacta allowing the first two finishers to come in any order and still win , is the basic box, but boxing can be applied to the trifecta and superfecta as well. In a sense, a win bet can be thought of as a specific type of wheel bet. Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races.
Picking the winner of three, four, five or six straight races is referred to as a pick-3 , pick-4 , pick-5 and pick-6 respectively. In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange. Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members. By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century.
In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.
The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet. Betting on horse racing in the UK is wide and varied.
In there were 8. From Wikipedia, the free encyclopedia. Main article: Glossary of bets offered by UK bookmakers. Anderson; Ian S. Blackshaw; Robert C. Siekmann; Janwillem Soek 28 October Sports Betting: Law and Policy. National Thoroughbred Racing Association. Archived from the original PDF on Retrieved The Art of Manliness. Win So Much Money at the Racetrack". Raceform Limited. South China Morning Post. Australian Institute of Family Studies.
Australian Gambling Research Centre The display will automatically adjust to your small screen. You can deposit and place bets while on the move. There are dedicated horse racing apps, which can be downloaded from the Apple App Store for Apple devices.
Android users can download an app for TVG, though not the other two sites. Each of the major online racing sites offers free bets or bonuses. How these are given varies. Note that these will come with playthrough requirements and other terms and conditions. Check out our detailed horse race betting site reviews for more on the fine print.
Options range from heading to your local track, to using your mobile phone to view a live stream. Here are the main choices:. In each race, the amount of money bet on the individual horses determined the odds. These can be expressed as positive or negatives. Odds for place and show selections are naturally smaller than for win bets.
You have multiple chances of being paid. Horse racing has a skill element, involving finding value from the field. Picking a potential winner or finding a selection whose price is better than their true winning chances will make you money over time. Online horse racing betting sites help you pick winners by providing statistics detailing the results of previous races. These range from simple form guides and raw results to detailed past performance databases.
Many databases are paid services, with the racebooks offering them as a perk for bettors who wager on a specific meeting. All racing bets are pooled. The total bet around the country on a race is divided among the selections.
The winners should this horse win are paid The prizes for place, show and trifecta bets are determined in the same way. There are prestigious events for all types of horse racing , which range from harness through to Arabian horses.
This involves three races for thoroughbreds, each of which has qualifiers to ensure that only the best horses get to take part. Here are the races in date order. To complete the Triple Crown, a horse needs to win all three in the same year. Apps and websites operating in these states often allow wagering on races across the country and even internationally. That leaves it up to the states whether they want to legalize online wagering on horse races.
Anywhere the platforms above offer wagering, state laws have been enacted to allow for online wagering and horse race betting apps. If no real races are going on, you can also wager on virtual horse races. These are races simulated by a computer program, and bettors can still wager on the outcome.
More on virtual sports betting. Unfortunately, this is not offered in the US, although land-based and online casinos may offer this in the near future. Wagering on virtual horse races is more common in Europe and other regulated markets internationally. To the majority of people, racehorses look similar. While there is a big mix of heritage, they can all be traced back to just three fathers born in the s.
Those sires were then imported to England, where they established blood-lines that were later imported to the US. Standardbred Horses: Harness racing uses a different breed known as standardbred. These horses can have thoroughbred ancestors, with mixed heritage. This breed is considered easier to handle than the highly-strung thoroughbreds.
A different breed, known as Arabian horses takes part in these contests. Arabian horses are perfect for long distances racing , though not for short bursts of speed. As the name implies, these horses recorded as a subsection of thoroughbreds were first bred in the Middle East. Quarter Horses: Quarter Horses is a name given to the mixed-breeds which come from Spanish colonial stock.
The name comes from the quarter-mile racetrack which was popular in the early days of horse racing.
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