How to bet on horses and betting the odds. (Photo credit: © Wingbeats551 | Dreamstime.com )
Before, if you wanted to bet in the odds of a horse race, you would have to go to the sporting event in person to bet your bets. While a day at the horse track is still an attractive past time for horse lovers, today’s horse racing can be wagered on websites online from the comfort of your own home. Online ufabet horse racing is becoming a lucrative business in the gaming world, and knowing horse betting can make or break your wallet. Want to try your luck betting on horse racing? Would it help if you understood how bets are wagered and paid? The following tips on how to calculate odds on the track will help you place your bets.
Calculating Probabilities
A horse’s chances of winning are calculated by the amount of money that is collectively bet on the horse. For example, a popular race horse that already has a proven winning streak will be what is known as a “favorite” and will likely have the highest stakes town in the race. Therefore, the horse’s odds ratio will win will be the lowest, and there turn of your bet will be nominal. Thos process is used to calculate the remainder of the horse’s odds in the race with increasing odds until the least favorite horse, or “dark shot” odds were calculated shortly before the start of the race. Your winnings are based on the odds ratio calculated this way (odds/1 x bet amount + bet amount) or 2/1 on a $2.00 bet, resulting in a $6.00 payout.
Win, place and show
The term win, place, and show in a horse race simply mean first or second place, and bets can also be placed on those results. Experienced bettors usually bet on the same horse, placing first and second, because they will win both bets if the horse wins the race; however, if the horse does, the second bet pays off and often covers both bets. Others bet “generally” by betting that the same horse will win, make or show and bet on all three possibilities, hoping the horse will finish first so that all bets will be rewarded.
Exacta and Trifecta bets
An exact bet on a race is when you choose the first two horses of the race and predict their finish in the exact order of first and second place. Another strategy for the player is to “fit” two horses together so that one horse can finish first while the other finishes the second, the bet will be rewarded. A three-way bet is basically the same as an exact bet, except that the best one needs to pick three horses that win, place, and show in the exact order. Three horses can be boxed in exactly the same way to improve the odds of winning the bet. The reward for trifect as can be very large, especially if horses have a good chance of finishing first, second or third. Although you can still go to the race track if there is one near you, today’s horse races can be wagered on online ufabet site. Now that you know how to bet on horses, you can place your bets with online horse racing sites that are becoming more popular in the gaming world.
