racing betting explained

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Michigan is now a full-service sports betting state! Michiganders and visitors to the state can place sports bets on their mobile devices, their computers, and several different retail locations around both mdjsjeux bettingadvice. The online launch in January marked the endpoint of a process that began in December Governor Gretchen Whitmer signed into law two bills, S and Hwhich legalized sports betting both online and in casinos. Incidentally, the two bills also legalized internet poker, online casino games and online fantasy sports. In short, Michigan is quite the destination for placing a bet now.

Racing betting explained homomorphic encryption bitcoins

Racing betting explained

The optimal time to go for this bet type is when your handicapping points toward an outside competitor. If the odds price matches your hunch i. They can reap huge profits, although they do require a more strategic approach and considerably more know-how.

Exotic wagers are typically used by more experienced punters with a more sizeable bankroll as they can, very often, require you to lay out a fair sum of money in order to guarantee a profit. A tricast Bet sometimes referred to as a trifecta is where you bet on three horses that you think will finish in first, second and third position in an exact order.

This can become pricey if you use several horses, however pay-outs are sizeable if the selections come good. A reverse tricast, sometimes referred to as a combination tricast, is a variation of a tricast bet where you wager on which horses you think will reach home in first, second and third in any order. This will increase the cost of your bet significantly as you are covering several different combinations, each of which is considered as a separate bet.

Example: The cost of a reverse tricast is normally a little pricier than a normal tricast. Box trifectors can be broken down as follows:. The process of paying for multiple combinations just so you can cash in on a bet so it feels like a win is a bad method in the long run. A Forecast bet is when you wager on which horses you think will cross the finish line in the first and second positions in that an order.

You will only receive a payout if your chosen selections finish in the correct order. Much like tricast bets, pay-outs here can be sizeable, especially if the horses are showing good odds. A reverse forecast bet — or combination forecast as it is sometimes called — allows you to wager on which horses you think will finish in first and second in an exact order.

This means that provided your selections finish in those top two spots, you will see a return. A first four bet also sometimes referred to as a Superfecta is an extension of the forecast and tricast bets. Here you are required to pick the horses you think will finish in first, second, third and fourth in an exact order. Superfectas obviously have particularly long odds, however when they do come good, the payouts are substantial.

For a straight superfecta bet you would select four or more horses in the race and wager on them to win, place, show or come in 4th place. If the horses finished in any order other than this the bet would be a failure. Strategy: Unless you are an absolute expert at handicapping or you are able to see into the future, picking the first four finishing places in the exact order is one of the longest of long shots.

When you place a straight superecta you are aware of the fact that the chances of your bet coming good are extremely slim. All you can really do here is handicap the horses to the best of your ability and hope that your bet comes good. First four bets can be reversed at a considerably lower cost than their tricast, or forecast counterparts.

Some bookmakers have been known to set the minimum bet amount as low as 10 or 20p, meaning that you can cover a number of outcomes at not too great a cost, making them a popular choice among casual punters. Tote bets differ somewhat from the more traditional bets placed with a bookmaker. Rather than the bookmaker calculating the probability of each competitor winning a race and then offering you an odds price, a tote bet places you into a pool with other punters where all the wagered money is combined and then shared amongst the winners — much like a lottery or jackpot type competition — and the odds prices are determined by the number of participants that back the selection.

But even more unusual is that the goal is not to go as fast as possible, but instead to maintain a pace without breaking stride. It is an incredibly intense, disciplined, and strategic form of this sport. So distinct is Harness Racing that some of our horse racing betting explained advice does not apply.

But that just shows just how versatile a sport horse racing is. Almost the polar opposite of our previous pick, quarter horse racing is all about speed. This can be thought of as the horse racing equivalent of a sprint, taking place in a quarter of a mile or less. To give you an idea of just how fast these races can be, the world record is held by Winning Brew, who completed a quarter of a mile in Once again, we go from one extreme to another.

As the name would suggest, Endurance Races take place over much larger tracks. The Mongol Derby, for instance, takes place over an eye-watering kilometres. To put that in perspective, It is around times the length of a quarter horse race. If that sounds impossible, do note that they must change horses every 40 kilometres.

The race lasts ten days. This is an extreme example, but it is still common for an endurance race to last 12 hours and go over miles. An astounding test of willpower as well as ability. The speed at which a horse can gallop is affected by the amount of weight it carries. Handicap weights are calculated based on the official ratings published by the British Horse Racing Authority and are expressed in imperial pounds. Horse ratings represent a horse's level of ability in relation to the weight carried and are expressed in pounds lb.

The bigger the number assigned to a horse, the more capable it is considered to be. For example, a horse with a rating of would carry a total weight including jockey, saddle and irons of pounds 10stn. In both Flat and National Hunt racing, there are a series of classifications that are designed to help indicate the prestige, prize money and quality of the race.

Both are split into classes from Group 1 — Races of major international importance. Group 2 — Major international races but of slightly less importance than Group 1 races. Group 3 — Important domestic races. Listed Races — Just below group races. Grade 1 — The best championship races where the weight a horse carries is determined by age and sex. Grade 2 — The weight a horse carries is determined by age and sex but they are also made to carry more for any races they may have previously run.

Listed Races — Just below graded races. After Class 1 races, we then have Class 2 through to 7 which apply to both Flat and National Hunt Racing and are based on a horses handicap rating as follows:. Class 2 — Heritage Handicaps, Handicap rating of , and Class 3 — Handicap rating of and Class 4 — Handicap rating of and Class 5 — Handicap rating of and Class 6 — Handicap rating of and Class 7 — Handicap rating of Before placing your horse racing bets, you need to familiarise yourself with odds.

We'll explain the basics below but for a comprehensive explanation you can read our ultimate guide to understanding how betting odds work. Once you have an understanding of horse racing, the next natural step is to learn is how to read racing form cards. Racingpost cards, for instance, are a good place to start.

A horse racing form card, or race card, has a deliberate structure and gives you information about each race. Being able to read a horse racing form card is, understandably, very important if you want to be successful. Below we explain the different aspects of the card along with other factors you should consider before placing your bets. You can use the image below of a fairly standard online UK racecard as reference.

These numbers are always displayed on a racecard in order of the amount of weight the horse is carrying. The smaller number to the right of the horses number represents the draw that the horse has got in the stalls. The lower the number, the closer the horse will be to the rails which can be an advantage on certain tracks and distances.

Below the horses NO. Form runs from left to right, with the oldest races on the left and the most recent on the right. The second column displays the name of the horse along with the shirt known as silks that the jockey will wear. You will also see a number which shows how many days it was since the horse last ran and some abbreviations. This is the amount of weight the horse will carry including the jockey and the saddle as decreed by the conditions of the race.

You may also see some more abbreviations depending on whether the horse is wearing or using any equipment. This shows both the name of the jockey and the trainer of the horse. If a jockey has a number in brackets to the side of his name then it means he is an apprentice jockey and is claiming a weight allowance. The table below features basic going descriptions along with their abbreviations that you may come across. If you have never placed a bet on horse racing before, especially if you have never placed a bet online before, then the process may seem intimidating.

With that in mind, below is pretty much all you need to know about placing a bet online though do check out our full guide to this for more comprehensive information and tips. Set up an account — This usually requires you to fill in a registration form including details like your name, e-mail, and date of birth. You will also be asked to choose a password for you to log in safely. Login to your account — Use that username and password to log in to your account.

The specifics of how this is done depends on your chosen payment option, but it generally all boils down to providing a few details and how much money you want. If you have ever bought anything online, you should know what to expect here. Select the event you want to bet on — Horse racing events should be easy to find on the sportsbook. There is usually a tab of current live events as well as a list of available sports.

Go there, find the event you want, and select it. Select your market — Same process here but now you are choosing the actual market and horse or horses you want to back. Select them and they should be added to your bet slip. Finish the transaction — On your bet slip you just need to enter your stake , confirm your bet and you are good to go. Hopefully, you have now got a sense of what horse racing is about, and you are ready to approach these markets with confidence thanks to our horse racing guide.

But to do so, you will need to know what you can bet on. Here, we are going to break down the two main categorisations of horse racing bets alongside the actual markets. These are thus called because they are the most straightforward option here. That makes them perfect for those of you who are just learning the ropes. Here are some examples of horse racing straight bets. To Win Bet — Exactly what it sounds like, back your preferred horse to win the race.

They win, you win. Place Bet — Increase your chance of winning with a place bet. Here you win if your selected horse finishes in first or second place. Show Bet — Same as a place but here your pick can finish up to third place. Each Way Bet — A slight variation on the place bet here you are essentially putting on two bets , one to win and the other to place, meaning there are different pay-outs for each result.

Also known as exotic bets, system bets are a great deal more complicated than their straight bet equivalents. They are, as the name suggests, a systemic, strategic approach requiring a wide number of different bets. Because they are so convoluted and because the number of bets involved often means they require high stakes , they can seem intimidating. However, when you break them down, they are quite easy to understand once you get used to the concept.

With that in mind, check out some of the most popular system bets out there. There are a range of different wagers you can place when it comes to horse racing. Below we'll explain each in detail. The UK is one of the best places in the world to bet on horse racing. Check out our detailed sports events calendar to find out when each race takes place. The Champion Hurdle is a Grade 1 National Hunt hurdle race, open to horses aged four years or older, that runs on the first day of the Cheltenham Festival.

The race is open to horses aged five years or older. It is run over a distance of about 2 miles during which there are thirteen fences to be jumped. The race goes off over around 3 miles and includes eighteen hurdles to jump. The Guineas Stakes is a Group 1 flat horse race in the UK that is open to three-year-old thoroughbred colts and fillies. It is one of Britain's five Classic races and the first to run each year.

The race goes off on the Rowley Mile at Newmarket over a distance of 1 mile and it is scheduled to take place each year in late April or early May. The race is run on the Rowley Mile at Newmarket over a distance of 1 mile and is open to three-year-old fillies.

It is run at Epsom Downs over a distance of 1 mile, 4 furlongs and it is scheduled to take place each year in late May or early June. It is the second oldest of the five Classic races and the third of Britain's five Classic races to be held during the season. Often called Blue Riband of the turf, the Derby Stakes is a Group 1 flat horse race in England open to three-year-old colts and fillies. It is run at Epsom Downs Racecourse over a distance of one mile, four furlongs and 6 yards on the first Saturday of June each year.

It is Britain's richest horse race, and the most prestigious of the five Classics. Established in , the St Leger Stakes is a Group 1 flat horse race that is run at Doncaster and open to three-year-old thoroughbred colts and fillies. It is run over a distance of 1 mile; 6 furlongs and yards takes place each year in September. The St Leger is the oldest of Britain's five Classics and the last of the five to be run each year.

Horse racing is hugely popular the world over and UK bookies will offer prices for you to make a bet on some of the world famous races going off around the globe. These include, but are in no way limited to, the following :. It is a metre race for three-year-olds and over and is held each year at the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival.

The race normally runs on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. The race is an American Grade I stakes for three-year-old thoroughbreds and goes off over a distance of one and a quarter miles at Churchill Downs. It is run at Longchamp in Paris over a distance of 2, metres and takes place each year on the first Sunday in October. After the Epsom Derby, the race is generally considered to be Europe's second most prestigious horse race.

There are a lot of different things that can affect the result of a horse race. Here are five examples to help get horse racing betting explained more thoroughly and to get your critical thinking going. The kind of race you are watching has a massive impact on all the horses involved. Usually, horse trainers will stick to a certain kind of race but the lengths involved in particular will impact the results of the race. To put it simply, some horses are better suited to some races more than others.

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