Understanding the different bet types
Horse race betting can be slightly different from conventional betting, and if you’re just starting, it’s necessary to learn the basics first. One key aspect of the learning process is getting familiar with the terminologies, which can be pretty confusing at first. There are certain words to know and bet types to learn about. Here, we’ll provide a comprehensive explanation of the different types of wagers you can place for horse racing;
Straight bets
Straight bets are quite easy to learn and especially useful for newbies in the horse racing industry. As the name implies, they’re pretty straightforward bets which are further divided into three types
- Win bets: This simply means that you must choose a horse that reaches the finish line first to win your wager.
- Place bets: In this case, you can win if your horse finishes in first or second place.
- Show bets: Here, you can also win if your horse comes in third place.
Exotic bets
Exotic bets, on the other hand, are more complex than straight bets in that they’re either race to race parlays or they require to predict the exact order of finish for a single race. This means that you’ll win your wager if you correctly guess what horse comes in first, second, third, fourth, and the sort. There are two types of exotic bets
Horizontal exotic bets
These are parlay bets where you have to choose the winner of a series of games before the first of the series starts. For this bet type, there are some terms you need to know:
- Daily double: this is when you win two races consecutively
- Pick 3: here, you win 3 races at a go
- Pick 4: this happens when you hit four consecutive races
- Pick 5: winning 5 at a go
- Pick 6: hitting 6 straight wins
Vertical exotic bets
Vertical exotic bets require the bettor to choose the exact finishing order of a race. There are several terminologies to learn here also. First, there’s an exacta where you pick the first 2 finishers in a race. A trifecta is the same but for 3 finishers, and a superfecta is for the first 4 finishers in a race in the correct order.
Boxing exotic bets
Boxing bets are an alternative to horse racing betting. A box is not really a bet type but more like a strategy when playing several bets. However, it can also be classified as a type.
It’s been established what exactas, trifectas, and superfectas are. Now, they are either straight or boxed. Straights are when you select the exact order of how the horses will win. For boxed variants, you have the option to box the order of the horses. As such, they don’t have to finish in a particular order. In-boxed exotic bets, you can just pick horses to finish in the top 2- exactas, top 3- trifectas, or top 4- superfectas.
Expert Tip - If you're a Beginner, Stick to the Straight Bets
As a beginner, we advise that you go for win-place-show bets for a bit until you’re confident that you considerably understand the betting style and strategies in horse race betting. Here’s why: These straight bets are the simplest and most straightforward types with more chances of success. It doesn’t require as many accurate predictions as in other complex bet types. When you’ve played straight bets for a good while and are now familiar with the races, you can now slowly wager on more complex bets and work your way to becoming a horse race betting punter pro.
It’s important to take some time to understand how horse race betting works. This will help you adjust quickly and reduce the risk of losing your wagers.
Look At The Horse
It’s key to first understand that successful betting extends beyond mere luck. You need to keenly understand factors that influence a horse’s performance. Rather than relying solely on superficial indicators, you should prioritise a horse’s recent performances and identify any potential room for improvement. Armed with the following insights below, you’ll be able to make more informed decisions and maximise your potential win rates on the horse track:
Latest tips on horse betting
Place a wager today
The Last Race Matters
This is what most of the
US gambling sites base their main tips on. They don't look at the horse's total career when they are creating tips. Instead, they look at how the horse performed the last time they raced. If they had a poor career but did exceptionally well, then they will tip them for the following race. If they have had a great career but stumbled the last time out, they will advise you not to bet on them.
It's a superficial way of looking at things, but more often than not it plays out. You can spot upcoming trends by how the horse did most recently. If the horse has had a bad career overall but recently did great, it may be offered at high odds on bookmaker free bet offers and the
best horse betting sites for sign up offers.
Is The Horse Improving?
This is a key thing to look at. Lots of horses start off not doing very well, but with the right trainer, they keep getting better and better. While their overall record might not be that great, the time might be right for you to bet on them at long odds when they have just started improving.
The odds might still be fairly high but there is a good chance they are about to deliver on all of their training and finally go for the gold and deliver a rock-solid win that other players are not expecting. At our top award-winning sites, you can expect to find the occasional long odds tip that comes good. Be sure to put your
best betting strategy
to the test.
How The Horse Is Feeling On A Given Day
Before placing a bet at
best Florida bookies
or any other, you should understand that horses have good days and bad days. And there is no way to control that. You just have to be understanding of how a horse is doing on a given day. Our award-winning tipsters talk to people who have seen that horse on a given day. Is it twitchy? Does it seem off its feed? Did it get a poor night's sleep?
All of these things go into the mix when you are trying to figure out how a given horse is going to do on a given day. And they are very important. If you are making
horse racing tips
it's very important to know what's going on in a given horse's mind on a given day.
If A Horse Is New, Take A Look At Its Pedigree
Newer horses almost always go off at higher odds. But they may be the ones to bet on, particularly if you are looking for the best odds in horse racing. Our award winning horse racing sites for tips always look at who the mother and father of a given horse were. This gives a pretty good idea in what ways the horse will be good and in what ways it will be lacking.
Genetics works. By looking at its breeding record you can often spot a young horse that is destined for greatness. And collect big winnings on what would otherwise be a long-shot bet. Our top tipster site is always aware of this and keeps it in mind when creating tips.
Amazing Horse Betting sites for you
1.
100% up to $100
Players from Virginia accepted
Consider The Track
Besides assessing the horse, success is also majorly determined by the track itself. Similar to how soccer players’ skills somewhat depend on the stadium they play in, a horse’s performance is equally dependent on the track it races on. Here, we’ll equip you with how you can evaluate a horse’s track-specific performance history and gauge the impact of different track conditions to determine potential success:
Horses are living creatures. They are not machines. As such they have preferences. Some do well at one track and far less well on another. Yet just looking at how the horse has performed in the past doesn't give you that full picture. All of our award listed bookie sites for horse betting tips look at how the horse has performed at the track it's racing on today. Did it do particularly well last time or did it falter?
This is much like looking at how a baseball batter does at different stadiums in the world. Each place a horse or a baseball player performs at will quite often give different results.
Track Conditions Matter
This is one of the most important points that go into making racing tips. The condition of the track makes a huge difference in who is likely to win. Some track conditions reward endurance. Some are great for stamina. Some favor horses that can just run straight out. Some are better for the workhorses.
Knowing how a given horse performs in a given condition is key to understanding how they are going to perform today. A horse that wins most of its races but always performs poorly in the rain is not a good bet if it happens to be raining on the day you are going to make your bet at
New York bookmakers.
The Importance Of Trainers Of Jockeys
It’s no new fact that the roles of trainers and jockeys in a horse’s success on the track are crucial. They come together to combine their skills and experience to secure success for the horses. This element is usually taken lightly. On that note, if you consider the impact of these professionals and assess their strategies for execution on the track day, you’ll have a major competitive edge over other bettors. Here’s how you can assess them below:
Always Take A Look At The Jockeys
A great jockey can take a mid-level horse and bring him home in first place. A bad jockey can ride a great horse and have him come in fifth or sixth place. And then there are jockeys who are great on some horses and poor on others.
Our award winnings sites for horse racing tips will look at that day's jockey and see how he or she has performed on that horse in the past. And they will also look to see if your horse has always won with one jockey but always lost with any other jockey. This all goes into their mind when they are setting up betting tips. You can check out our
best Delaware sports betting site
to find out amazing bookies.
Always Pay Attention To How The Trainer Is Doing
Just like everyone else, trainers go through good periods and bad periods. There can be several months where every horse they send out is going to win. Then there can be other months where no matter how hard they try they keep producing losers.
Understanding how a given trainer is doing in his or her streak is a very important part of making a good horse racing tip. If his horses are on a winning streak and he's putting out a horse that has high odds the chances are it's going to win and that's where you are going to want to place your money to bet.
Use Horse Racing Tips When Setting Up Your Accumulators
Horse racing tips are particularly helpful when you want to use the best bookmaker for horse racing accumulators. That way you succeed at the best horse betting sites for cash out (obviously if you do so, pick the best bookmaker without limit). Pick the favorites in three races. Then use your horse racing tips to pick a long shot in the fourth race. If all of them come in you can take home big winnings.
This is one of the main reasons why using our highly recommended horse racing tipster is very important. They will likely have insights that you lack and be able to point you in the right direction. And that's the path to winning big at the track.
Find The Site With The Horse Racing Tips That Serve You Well
Different tips work better for different people. And not everyone is comfortable enough with the same level of risk. Different strokes for different folks. A tip that will be great for you might be a little bit too risky for someone else. And that's fine. That is why our award winning tips site provides a range of tips to suit each and every type of bettor.
Horse racing is all about risk. Your risk level has a lot to do with what tips will really help you and which ones will cause you to make bets you are not that comfortable with. Why go out and risk your own money using trial and error when you can go ahead and bet with a certified and award winning
betting sites horse racing
tipster?
Naturally, you always need to have a bit of luck on your side to win big, but you can always put the odds in your favour. So why not go out and use our best winning betting tips site today? Or, you could check out bookies by state, using our
top Pennsylvania betting sites
guide!
Exciting Horse Betting bonuses
1.
100% up to $100
Players from Virginia accepted
Requirements (WR): 1x Promo, Min. Deposit: $100
Best Horse Racing FAQs
✅What are betting odds for the Daytona 500 and how do they work?
Betting odds for the Daytona 500 represent the likelihood of different drivers winning the race. Odds can be presented in various formats such as fractional, decimal, or moneyline. For example, odds of +500 mean that a $100 bet would win $500 if the driver wins.
🔍Where can I find the most competitive odds for the 2024 Daytona 500?
Competitive odds can be found by comparing multiple sportsbooks and betting platforms. Websites like DraftKings, FanDuel, BetMGM, and others often offer odds, and comparing them can help you find the best value for your bets.
❓What factors influence the betting odds for the Daytona 500?
Factors include the drivers' past performances, current form, team strategies, qualifying results, weather conditions, and historical data on the Daytona International Speedway. Odds can fluctuate based on news, injuries, and other developments leading up to the race.
🤔What are some common betting strategies for the Daytona 500?
Common strategies include betting on multiple drivers to spread risk, focusing on drivers with favorable odds who have shown strong performances in previous Daytona 500 races, and looking for underdog drivers who might offer high returns. Additionally, live betting during the race can offer opportunities to take advantage of changing race dynamics.
