Your Basic Guide To Horse Race Betting

Horse racing is one of the most incredible sports in the world. With a lot of amazing horses that participate in the races, it’s incredible to see the marvels of what makes the sport a great watch. 

However, it might be quite overwhelming to new punters who just came into the scene to start placing wagers, and the best part about the whole endeavour is winning. How do you win in the first place? 

To know more about horse racing, you first need to learn how to bet on the different horses that you will come across. Here is an in-depth guide to horse racing with Bitcoin:

Basic bets in horse racing

Before placing wagers, you first need to understand the types of bets available. Here are the different wagers you can make: 

• Win – Win betting is the simplest form of horse race betting where you wager on the horse you think will finish first place. 
• Place – Wager if your horse will either finish first or second. You’ll be paid if your horse places first or second. 
• Show – A show bet is one of the simplest bets you can make. Just choose a horse to finish in first, second, or third place. 
• Exacta – An exacta is a horse racing wager wherein the top two finishers are selected in order. Exacta wagering is offered on the world’s most prestigious horse events, including the Kentucky Derby, Preakness Stakes, and Belmont Stakes.
• Quinella – You choose two horses to finish first and second in any order. Although this bet is identical to an Exacta Box, the payoff on quinella wagers is different since it is part of a distinct pool of bets.
• Superfecta – Superfecta bets ask the bettor to choose not just first, second, and third place finishers, but also the fourth-placed horse. The process of picking the first four horses to complete a race in the correct order.

Best tips when horse race betting

Now that you know how to bet on horses, here are the best tips to get you started winning early in your horse race betting endeavours: 

Understanding the odds 

The odds represent the likelihood of a horse winning the race. They are backed by thorough research and past track records. There are also different kinds of odds that you need to understand. By understanding the odds, you will also know how to compute the possible payout you’ll receive. 

Reading the race program

The race program indicates when the race will start, who the horses are, their jockeys, and their trainers. This way, you’ll have a good idea of how to bet in future races. Most of the time, this is posted on the official website of the event’s host. For instance, scheduled horse racing events in Japan can be accessed on the Japanese Racing Association and National Association of Racing’s site. 

As you can see, horse racing with Bitcoin is not as difficult as you might think. Learning about its basics is how you can become a better punter and win big payouts!