Horse Racing Betting Strategy

Betting on horse racing has been around for a very long time and people all around the world take part in this sport, whether betting online or going to the track. Online betting and mobile horse betting has become extremely popular as it is convenient and easy to do.  Being knowledgeable about the various types of horse racing bets will ensure a positive outcome.  There are many betting sites for horse racing each offering a range of different horse racing bets.

All Australian horse racing betting takes place in a pool known as pari-mutuel betting.  The stakes are added together and this forms the overall pool.  The track then takes their cut and the remainder of the pool is divided among the winners. If you’re looking to bet on top events, try out some Caulfield Cup betting options for New Zealand punters.

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Types of Horse Racing Bets

When it comes to betting on horse racing or totes betting, knowing which type of bet to place is the first step.  The bets can range from betting on one horse to picking six winning horses to win.

The simplest bet to place is a win where bettors must choose a horse to finish first.  The payout of this kind of bet is determined by the horse racing betting odds of the particular race. A place bet is choosing a horse to finish in first or second place.  The show bet offers a very good chance of winning as bettors must choose a horse to finish in first, second or third place.  The next few bet types are more difficult and bettors would need to employ a horse racing strategy to make successful horse bets.

The quinella offers an average chance of winning and bettors must choose horses to come first or second in any order.  The exacta is more difficult and with this bet a wager is placed on two horses to finish first and second in the exact order.

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The exacta has a higher risk and the payout can be large or small and is determined by latest betting odds horse racing.  The trifecta is extremely risky and bettors must choose horses that will finish first, second and third in that exact order and can be an expensive bet when playing many horses.   The superfecta is one of the most difficult bets as bettors must predict horses to finish first, second, third and fourth.  This bet requires a good sized bankroll with the chance of a big payout. Melbourne Cup betting is among the most popular events for punters who enjoy this and other kinds of betting.

The following bets can be found on the best horse racing online betting sites.  The daily double, pick 3, pick 4 and pick 6 are choosing horses to win in various consecutive horse races.  The daily double is choosing horses to win two consecutive races while the pick 3, pick 4 and pick 6 is picking horses to win three, four and six consecutive races respectively.  These last four bets are extremely difficult and bettors will need to have done some research on the horses, their trainers and any other factors pertaining to the races.  Using horse betting tips for today is a great way to keep up to date on the latest horse racing news.

Ante Post Horse Racing Bets

Ante post bets are another type of different horse racing bets where bettors place a bet on a horse in advance and is also known as future races.  This kind of betting is popular with pro bettors engaging in Cox Plate betting in New Zealand. In horse racing this type of bet is placed before the declaration of the horses.  This bet usually has better odds, but if the horse is scratched the bet is void.

The top horse racing betting sites will offer a range of bets and understanding how they work and the odds involved will secure a positive outcome.  Using horse racing betting strategy helps you place solid bets, and standing a better chance of winning.

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