Betting on horse racing has been going on for centuries. It originated in the UK sometime in the mid 1600s during the rule of King James I. Most gamblers will still bet on the overall final placement of all the horses participating in a particular race. However, horse racing betting is banned at some tracks. These include Harriesworth Racecourse and Belmont Park. For those who still enjoy participating in horse racing there are still places where you can do this, such as at country sides, stables and fair grounds. Join Horse racing on fantasypunter.co.uk.
The first type of bet that we will look at is the total cost bet. This type of bet involves placing a single wager on each of four horses while at the same time keeping track of the other three winners. This bet is usually carried out in a straight way, by simply marking the end result of each horse at the end of the race. Total cost in this case stands for the total amount that was wagered and not the actual wagered on each horse.
Another type of bet is the morning line. This is a type of pay out in which the payouts are made based on the public’s perception of who they think will win the race after the end of the day. The actual horses may still have to go through a practice session before the actual race day, but the public can make their opinions known and have their bets taken into consideration by the track officials. After all, they would like to see every horse win. The morning line is carried out with a lot of skill, and people who are good at this can make a very good living from it.
One type of wagering called super high 5 is also very popular in horse racing. It is also known as the exacta win. In this type of wagering the exact amount of money bet on a horse must exceed the previous winnings of that particular horse. So if you bet a thousand dollars on a race and then lose it all, you would end up paying back to the full amount you bet on that specific race.
Another type of wagering involves the two horses chosen in each race. These are referred to as the chalk and cheese. For instance, in pick 6 you have two horses that have been picked in the same race the previous day. You would still add the amount that was wagered on one of them and you would get the win. If however, you bet those two horses in pick 6 and they both beat the odds, you would only receive a win and no money. So it is necessary to carefully select your two horses in each race in order to win.
When it comes to wagers on exotic races like trifectas, placetas and polirritmo, you need to know how much they will cost in order to make a successful wager. Again there are different levels of complexity with exotic wagers and people who are familiar with wagers on these types of events may feel less intimidated. However, to place a successful bet you need to be able to compare the payoff percentages for each bet. The reason is that the size of bet you place on any one horse may not be feasible depending on what you receive. So you need to know the spread before betting on exotic wagers.