Looking to play the ponies? Here is a horse racing for dummies cheat sheet. (Photo credit: © Cheryl Quigley | Dreamstime.com)
Since even the earliest stages of human civilization, people have been working in close tandem with horses already. Horses have always been reliable creatures that are capable of great strength, speed, stamina, and endurance. This is aside from the fact that horses are so incredibly intelligent. It’s no wonder why breeding horses is such a longstanding tradition in various parts of the world. Horses can be bred for a variety of different reasons. Some of them are made to help work on farms while other horses are bred to serve as pets. An elite breed of horses is also trained to participate in races. Thus, the sport of horseracing was created.
All over the world, people have been betting on horseraces for generations. In fact, horserace betting has become one of the most lucrative industries in the world. In the age of the internet, it’s a lot easier for people to bet on horseraces now than at any other point in history. If you’re looking to start betting on horse races for the first time, then you just have to make sure that you’re putting your money into reputable sites. Be mindful of articles like the William Hill review to give you a good idea of the site’s reputation and its authenticity.
Getting into the world of horse racing isn’t really as complicated as it seems. Some people might perceive it as such an intimidating pastime that’s only reserved for a select few. However, just about anyone can get into horseracing. In its simplest form, horseracing is merely the act of betting on a horse, taking your ticket, and hoping that your bet wins out. If it doesn’t then your ticket practically doesn’t have any value. Again, that’s merely the simplistic way of looking at the horseracing game. However, there are many different dynamics for betting when it comes to horseracing and we’ll run through a bunch of them today.
Types of Bets in Horseracing
- Show – This is the most basic kind of bet in horseracing. It’s also the easiest type of bet to win. With the Show bet, your horse must merely finish either first, second, or third. However, given that it is the easiest to win, it also offers the lowest payoffs.
- Place – The Place bet is an elevated form of the Show bet. With the place bet, your horse must finish within the top two slots. It’s still a relatively modest payoff, but it offers higher winnings than the Show bet.
- Win – The Win bet is a step-up from the Place bet and it requires that the horse you bet on actually wins the race. The returns for this kind of bet are larger than those from the Show and Place bets. But they can still depend on the odds that are placed for every race.
- Quinella – The Quinella is also a relatively average bet that yields a generous payoff without too much of the risk. In order to win the Quinella bet, two specific horses must win the top two slots of the race.
- Exacta – The Exacta bet is a little harder than the Quinella given that it requires that the top two horses are determined in a specific order. The payout can vary depending on the horses’ odds.
- Trifecta – The Trifecta is one of the hardest bets in horseracing as it requires one to bet on the first, second, and third-place horses in exact order. This can be particularly expensive to bet on, but the reward is also significantly high.
- Superfecta – The Superfecta is essentially like the Trifecta, but it makes things even harder as it requires players to bet on specific places up to fourth place. It requires a significant bankroll but it also yields the highest rewards.
- Daily Double – A daily double is also a fun bet that’s relatively hard but also offers high payoffs. With this kind of bet, a horse must win two consecutive races in a row.
Of course, there are many layers to the art of horserace betting. That’s why it’s one of the most popular betting games in the world. Gamblers have always loved this pastime. These days, in the age of technology, there are even virtual reality models of actual horse races in casinos that players can interact with. The potential for the growth of the industry is huge and only time will tell what kind of evolutions horserace betting will have in the future.
