horse betting explained simple

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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.

Horse betting explained simple in running betting software for sale

Horse betting explained simple

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. Some horses are specialists in certain conditions, while it can spell disaster for others. Perhaps the most important thing to know in terms of getting horse racing betting explained, and before making a bet, is the recent form of the horse in question.

In other words, how did their last races go compared to the others? Knowing this and correlating it with conditions and race types is a really strong foundation of knowledge for smarter betting. Always remember that the horse is not out there alone.

There is also the jockey to consider. They are a vital part of the result. Starting with the each-way bet, we will begin to fill you in on the basics. The each-way bet is one of the most common types of wagers used in horse racing. However if the horse finishes second or third then the bookmaker will pay out only a fraction of the win price offering. You could also think backing a horse with an outside chance of winning i.

This way if the horse does actually end up finishing well the pay out price for the place bet would be considerable. Straight Bets are the simplest of horse racing wagers and are, very often, the go-to bet-type for beginners. They require less risk, less experience and skill, less funds, and are generally far easier to secure a return. Although you may feel tempted to start experimenting with some of the more exotic wagers right from the off, at this stage we advise sticking with straight wagers where you only bet on one horse and things are kept nice and simple.

If your horse finishes first the bet is a winner. If not, the bet loses. You only see a return if the selection crosses the line in one of these positions. Pay-out prices here are generally lower than a win bet. A show bet is when you wager on a horse to finish in positions one two or three. Since the chances of winning are higher for this type of wager the pay-out prices are considerably lower than a win or a place bet. An across the board wager is a combination of the win, place and show bet.

If your selection finishes first you collect on the win, the place and the show. If it finishes second you collect on the place and the show. If it finishes third you only collect on the show bet. Example: When you bet across the board the first thing to bear in mind is that you are placing three individual bets.

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.

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The imbalance in stake between the two bookmakers can expose you to loss. The bookmaker can void your bet even after the match has concluded! There have been a number of claims of palp error by bookmakers in rather dubious situations ie. Less reputable bookmakers are more likely to void your bets. In the case of a palp error, your stake will be returned to you.

A classic example of this occurs in tennis. Tennis players can retire before the conclusion of a match if they are injured or otherwise have a reason to do so. Occasionally, the arbitrage hunting software can mistakenly match the odds between two separate sporting events.

This can result in 'false arbs' that don't exist in reality. Always double check the odds before placing your bets! To comply with money laundering laws, bettors must send documents such as passports or birth certificates to the betting companies to verify their identity before they can withdraw their winnings. If the betting company's servers are compromised by an external hacker, there is the risk of identity theft. The most serious occupational hazard of a sports betting arbitrageur is having your account limited or closed by a bookmaker.

Any punter that is winning too much or winning too often is liable to having their account limited or closed. Once this occurs, there is little that can be done to reverse it. Nenko from Church of Betting has an excellent article on some tips and tricks you can use to maximise the life of your soft bookmaker accounts!

Sports arbitrage betting is a viable way to make a side income online by exploiting discrepancies in odds between various bookmakers. While it won't make you millions, it can make you a decent amount of money. Each individual arb only results in a small profit, but by repeating the process many times over, you can enjoy a decent income from it. Decent working capital, a fast internet connection, arb hunting software and an attention-to-detail mindset are required to succeed in the world or arbitrage gambling.

Arbitrage betting can be combined with other tactics such as matched betting to further increase your profits. Sign up below! The most comprehensive, in-depth training on profitable sports betting available. Start earning an income online using the unique techniques in this free course.

Any particular interests? Check the boxes below before signing up! Disclaimer: This post may contain affiliate links. I will earn a commission if you choose to purchase a product or service after clicking on my link. This helps pay for the cost of running the website. You will not be disadvantaged in any way by using my links. Icon made by Freepik from www. I'm an Australian guy who has used profitable sports betting to provide a decent side income over a thousand dollars per month!

I've set up the The Arb Academy to teach others how to do the same and achieve financial security through a second income stream! Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. Quick Navigation What is Arbitrage? What is Sports Arbitrage Betting? How do you find arbitrage betting opportunities? Is sports arbitrage betting legal?

So why isn't everyone doing it? What is Arbitrage? You may be wondering how the concepts of arbitrage apply to the world of gambling. This is the essence of sports arbitrage betting. Still not clear? Let's dig into a few examples!

Arbitrage Betting Examples. Rafael Nadal. Roger Federer. Bet odds. Pinnacle odds. Each of the bookmakers have individually priced in a profit margin to their odds. Potential Win. Want to know how to calculate the stakes in the table above? Read my article on arbitrage betting calculations! Arbitrage calculations guide.

Much better than earning a few percent per year by leaving it in the bank! These software are typically available as a subscription service. Want to know which is the best value premium software for finding arbs?

Read my summary of arbitrage betting software! Here are the most common risks faced by someone undertaking sports arbitrage betting. Human error. Change in odds. If say you want to back Man Utd, and your friend wants to lay them. You can organize a bet between you in the pub, after agreeing on the price, and amount. This means that someone has taken the opposite side of the bet.

The market will move constantly and in effect you are haggling for a price, the same as you might when buying a car, the deal is only done when both parties come to an agreement. On a betting exchange the deal is done, when the price someone is willing to lay at, is the same as the price someone is willing to back at. You would need to be a heavy user to get that low. The screenshot above is taken from the leading betting exchange Betfair.

It shows 4 of the 15 runners in a win market for a race at Ballinrobe and was taken about 15 minutes before the off. The odds are in decimal form so the 2. You can get 6. If the price was to come in, then you can always adjust your price requirement downwards to ensure you are matched. Lets say you want to try to back Well Read Man at 7.

Before your bet is matched the people who are looking for 6. Now lets say you want to back Sir Lynx. You can take 6. The book percentage is Our bet at 7. Laying is the same as backing, in that the process is the same. You can only be matched if there is someone willing to take the opposite side of the bet. This time though your laying, and you want someone to back the horse.

In the above screenshot you might decide you want to lay Captain Ocana at odds of 9. You can currently lay him at 7. Like with back betting you should always try to get the best price, so maybe put the lay in at 6. It may be that someone will now offer 7. Apart from being able to lay as well as back, exchanges offer place only markets.

The place only markets in horse racing are an excellent way to back or oppose a horse. You no longer need to pick your horse and decide whether to back it to win or each way. In play betting is another huge advantage of betting exchanges.

It should be noted that the pictures you see when watching horse racing are not quite live. ATR pictures can be as much as seconds behind live, which is a long way in a horse race, and RUK are around 3 seconds behind live. There are many who profit from trading in sports markets on the exchanges. Trading is were you both back and lay the same horse, or team, at different times. The idea would be to back at one price and then lay the horse at a lower price.