First time punters may find the world of horse racing betting a little confusing which is understandable. With so much information and the large number of races taking place in a day it can be difficult to keep track of everything that is happening on the course. “How to be on horses”, “how to bet on horse racing” are often questions posed by those who are new to the phenomenon. Getting that hang of how to bet on horse races is a tricky business. That is why bookmakers 888sport.com wanted to provide this brief horse betting guide to provide to help you on your way. With all their services available over the Internet in the UK and abroad you definitely have everything you need to appreciate this horse race betting guide. So here is your quick guide to horse betting.
This horse race betting guide will not tell you who is going to win a race but as a horse racing betting guide goes here are the key pointers:
Step One: Understand the basic terms
Stake – The amount of money you want to gamble with. This can be as little as £2 or as much as £1,000 dependent on how confident you feel.
Odds – Numerical value to display the probability of a chosen horse winning the race. The odds can be used in a variety of ways which will be covered in step 2 of this horse betting guide.
Long and Short odds – not referring to the size of the horse or the jockey long and short are words used to describe the odds on the horse. Long odds indicate it is unlikely to win the race and short odds means it is one of the favourites.
Step Two: Different types of odds
When learning how to bet on horse racing it is important to be aware that the odds on the horse aren’t as clear cut unless you want to just bet on the horse to win outright. The odds can be odds on, odds against or evens.
Odds on indicates that the horse has a good chance of winning the race. However, the returns on an odds on bet are no as profitable as an odds against bet.
Odds against indicates that the horse is not likely to win the race but may still have an outside chance if the race goes its’ way. The odds are normally longer and therefore less liekly to win but more profitable if you do.
Evens describes a situation where the horses chances of winning are exactly 50/50. A bet on evens would see you stake returned and doubled.
Step Three: Different types of bets
In this horse betting guide the focus is on the basics of how to bet on horse racing. Therefore we have not covered every type of bet available to the punters. Instead we have picked the three most popular choices and summarised them to make them easier to understand. Hopefully this is the final piece of the puzzle in your horse racing betting guide and has given you a true understanding of how to bet on horses. The three chosen types of bet are – Win, Place and Eachway.
Win – the least complicated choice for a punter. In a win bet your stake is placed on the horse finishing in first and only first.
Place – a place bet covers more than just first place and dependent on your specifications can cover all the top places in the race. Therefore if you bet on the horse and instead of winning the race comes third your bet will cover that possibility too. However, when covering more options the odds are reduced and the return on your stake will be lower that if you chose a Win bet.
Eachway – This is a combination of the two bets above. Essentially you double your stake to cover both options. First option that the horse wins, second that the horse comes in the top places. This hedges your bet and allows you to cover more of the available outcomes.
So now that you have followed the first three steps of this horse racing betting guide all that is left to do now is test you knowledge and bet. So whether you are a seasoned gambler or a bookmaker rookie looking for a guide to horse betting 888sport.com has everything you need to get started when learning how to bet on horse races. With the help of this brief horse racing betting guide you can take your first steps of learning how to bet on horses. You don’t even have to get to a bookmaker all you need to know how to bet on horse racing is on the Internet available in the UK and abroad. It’s the beauty of having the bookmakers at your fingertips, offering a safe and secure way to place your bet.