In order to make money betting on horse races, you need to be aware of the basic principles of betting. There are three ways to place a bet on a race: betting on a favorite, placing a trifecta bet, and placing a pari-mutuel bet. In addition to placing bets on favorite horses, there are several other tips you need to keep in mind. The first tip is to bring a fixed budget to the races. Then, you can make an informed decision on how much money to spend on each race.
Bet on the favorite to show
When placing your bets in a horse race, you will want to bet on the favorite to show. The odds for this bet are generally higher than for the other options. The horse that is the favorite will most likely win the race, and you will be rewarded accordingly. However, this type of bet will come with a lower payout than a win or place wager.
The amount of your bet will also be a factor in which horse you choose. You should consider the accuracy of the betting systems and their bonuses before you make a decision. The best betting sites will offer you a variety of options and decent bonuses.
Place a trifecta bet
When placing a trifecta bet on horse races, you want to make sure you pick the two best horses. A horse race can have a strong favorite, two horses that are battling for second place, or a longshot that will finish in the last position. In such races, placing a trifecta bet is ideal.
You can place a trifecta bet on any racetrack. You can even speak to the clerk at the betting counter and place your bet verbally. You can also find online horse racing betting sites that offer this option.
Place a straight bet
A straight bet is the simplest type of wager in a horse race. To place a straight bet, you need to bet on a horse that will win. Typically, the odds are highest for a horse that will finish first, second, or third. However, different styles of straight bets will offer different odds and payouts.
Exotic bets are non-straight wagers, and are usually difficult for newcomers. The EXACTA bet, for example, picks the first two finishers in exact order. The QUINELLA bet, on the other hand, picks the first two finishers in any order, but is not widely available. Another bet is the DOUBLE, which picks the winner of two consecutive races.
Place a pari-mutuel bet
Pari-mutuel betting is a popular way to wager on horse races. It is different from standard betting because you are betting against other bettors. The winning bets are paid out from a pool, while a percentage of the money goes to the “house,” or the organization that runs the race.
In pari-mutuel wagering, the odds change often. The odds on a horse that starts at 6/1 can change to 2/1 at post time. This is because the track posts morning-line odds before the race. These odds are projections of the betting action anticipated. The final price of a horse depends on how much money is bet by the public.