For the beginner, horse betting seems to be an easy task of placing bets on the horses that will most likely win a race. However, there is much more than that, as there are at least three racing methods for you to choose bets in horse racing.
Whether you are new to horse racing betting or not, I hope you find this article useful as it explains three different channels for horse racing betting. They are all very different from one another, and there are nuances that, if you are not sure about them, could mean that you are not winning as much as you should.
It will also help you understand which way is more appropriate to the way you want to bet because different people prefer different methods. Maybe you hope to interpret a horse racing tipster more effectively, or maybe you just want to understand the basics. Whatever you are, the following will give you a grounding to look for.
Horse Racing Betting 101
The three different horse racing betting options we will look at are standard bets, spread bets and tote bets, which are more commonly referred to as dead bets.
I should also mention that matched betting has increased in popularity lately, but this may not be as common as the other three and I will cover it in a separate article.
I would advise that if you are a beginner in particular that you do not try matching bets unless you have a solid understanding of the standard forms of horse racing betting, otherwise you will only get confused and possibly lose money.
Standard betting explained
The first form of betting we will look at is standard betting. This is still the most popular way to bet on horse racing and the one that most people tend to use when they start betting. In fact, it’s still the way I keep betting today.
Simply put, when you place a standard bet, whether it is a bet to win (where the horse must win the race so you can win your bet), or a bet in any direction (where the horse is on the first three or four places), the bookmaker sets his odds for each horse and they are set in stone, which means that they cannot be negotiated. The odds fluctuate and change depending on how much money is placed on each horse, but the prices are always determined by the bookmaker.
To place a bet this way, simply select your horse, see if the odds appeal to you, and when they do, place your bet. Once you’ve placed this type of bet, as a punter you know exactly what you’re winning (or losing) from the start, so most people are happy with this type of bet because you can manage your money more effectively, and that’s it as very important as a punter.
Why is spread betting different?
Spread betting has become increasingly popular in equestrian sport in recent years, although it has become more popular in sports such as American football, rugby and cricket; Sports where the profit margin is potentially flexible. It is also a popular betting method for those who trade the financial markets.
Using this type of horse racing betting is definitely not for beginners, nor for the faint of heart, as there is usually a possibility that you won’t know how much to lose if you are unhappy enough to do so .
To explain this as succinctly as possible, horse racing spread bets take either the jockey index, the winning distance or the distance between individual horses and therefore involves quite a bit of marginal rates known as the “spread” between them is.