Top popular horse betting types

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Top popular horse betting types

You probably know that bookmakers and horse racing share common history. People’s wish to place horse racing bets spurred the emergence of the first professional bookmakers. They took bets from gamblers and paid out winnings. Bookmaker reputation has always been a key factor in sports betting industry. A bookmaker needs to forge a trusted relationship with its clients to encourage them to put their hard-earned money at stake. Successful betting websites managed to build an established name in online sports betting industry, which allows them to enjoy clients’ trust.

Horse betting types

Let’s go back to horse betting, though. Football, basketball, hockey, and tennis betting have long become all-time favorites among sports betting fans and betting sites. Still, plenty of bettors are loyal to horse racing betting.

There is no need to worry about horse betting rules. Even a beginning player will have no difficulty understanding them.

Place betting

Place betting is a curious type of horse racing betting. For your bet to win, your selected horse must come in 1st, 2nd, 3rd, or 4th. Number of winning places changes along with number of race participants. If a race features eight horses, there are two winning places. For eight to fourteen horses, there are three winning places. For more than fourteen participants, the first four horses take winning places. The odds depend on the number of winning places.

Show betting

Show betting is the American analogue of place betting. If your selected horse finishes 1st, 2nd or 3rd, your bet wins.

Horse betting types

Double betting

For your bet to win, you must predict the winners in two consecutive races. Note that you need to place a bet before the first races starts.

Win betting

If your selected horse comes in first, your bet wins. Horse betting features a great number of horses and racers. The problem is that sometimes you may lack detailed information on some of them. This makes estimating winning chances and making accurate betting predictions pretty tough. Remember that such uncertainty is characteristic for horse betting in general.

Exacta betting

You need to predict the winner and the runner-up.

Along with the above standard horse betting types, bookmakers are offering a number of other interesting bets. Such bets require deep knowledge and vast experience in horse racing betting. For example, before the season start you can bet on a certain horse to win all races during the season.