Betting on horse racing is an integral part of sports – and horse racing is one of such sports. Bring fans to the match and excitement when participating in this game.
For players who play really seriously, horse racing is the subject of sports that can be profitable when participating. Despite that, many people still believe that horse racing is quite complicated and difficult to play.
In horse racing betting, there are many different types of betting and betting levels that players can join. All are quite simple and easy to understand. The most complicated thing in betting on horse racing is the sport itself and betting is different from country to country and depending on the online bookmakers.
Before starting to gamble on horse racing, players need to pay attention to which is the amount of bet that can be placed and the meaning of each odds.
Besides betting on horse racing, it is necessary to understand the difference between fixed and common betting, and on different ways of betting.
Types of Bets and Odds in Horse Racing
The simplest way to bet in horse racing, just like playing other sports betting, is betting on the horse will win the race. If the horse you bet wins then you will receive money.
However, there are many other ways of betting, such as betting on horses going to the top, betting on the horse will be in a certain position, and betting on the results of many races in a competition. All these ways of betting on horse racing can be done online on the reputable bookmakers’ websites.
The odds, also called the price, of a bet are to determine how much you will receive if you win. Let’ go through the examples to understand the odds in horse racing.
Odds in horse racing are given in one of three ways: such as decimal odds, fractional odds, or cash flow odds called money line.
Decimal Betting Odds
For example, the odds ratio is 2.0, for every $ 1 bet the winner will get back $ 2, the odds ratio is 3.0, for every $ 1 of betting money the winner will receive $ 3.
If the decimal odds are less than 2.0, the winner will win less than the bet amount; For example, if the odds are 1.5, the winner will receive $ 0.5 for every $ 1 stake.
Fractional Betting Odds
For example, the odds of 2/1 horse racing, the winner will receive $ 2 for every $ 1 bet plus the original bet amount; So $ 1 bet with 2/1 ratio, if winning the player will get $ 3.