As horse racing betting gains popularity, the demand for information on how to bet on horse racing and win some money also rises. But when it comes to horse racing betting, you must first consider the type of bet to place before wagering on a horse.
When it comes to horse betting, there are a variety of options to choose from. Depending on your preference, you can bet on the winner of a race, the top three finishers, or even the order of finish. There are also a number of different horse betting strategies that you can employ in order to increase your chances of winning.
In this article, we will take a look at some of the different types of horse betting that you can play in 2022.
A straight bet is your most straightforward wager on a horse race. You can use any bet, be it over/under, money line, or point spread, as long as you correctly determine the outcome of that single wager.
Straight bets have three types — win, place and show bet, and two styles — “across the board” and “parlay” bets. An “across the board” bet combines a place, win, and show bet on a single horse in a race, while a parlay bet takes the winnings from one race and bets them on another horse.
Exotic is one of the horse betting types that allows the bettor to place bets on numerous horses in a single wager. However, exotic wagers are usually far more challenging to succeed than straight wagers, require a higher level of knowledge and skills in horse picking, and are more expensive.
Exotic bets are thus more complex but also carry higher risk and reward. So, if you’re a horse racing fan looking to win big, exotic wagers are an option.
A Super Yankee, also widely recognized as a Canadian, is a five-selection bet with 26 bets: a fivefold accumulator, ten trebles, ten doubles, and five fourfolds. Although the stake is higher than in a traditional accumulator, it increases the likelihood of a return.
Due to the structure of Super Yankee bet, the bettor will receive a profit if any two of your five selections win. Thus, a Super Yankee bet is more interesting to wager on a multiple, increasing the probability of a profit.
An accumulator bet combines multiple bets or selections into a single bet, and for the bet to be successful, all picks must win. Accumulator bets are famous because they provide bettors with long odds that can result in significant winning returns.
Furthermore, the returns are computed progressively, with the cumulative value raising with the addition of each selection. Since the odds are combined to create a higher value for the better, if one of your selections loses, your total accumulator bet loses, so there is a higher risk.
Lucky 15 is a highly regarded wagering type with 15 bets and four lineups —six doubles, four singles, a fourfold, and four trebles. To guarantee a profit from your bet, at least one selection should win or place in an each-way Lucky 15.
Furthermore, the payout and prize money varies by how many win or place bets, and the more they do, the greater the winning to the gambler. Also, many people believe that the Lucky 15 is one of the most intelligent bets in horse racing because it provides a range of options and wager types.
The Super Heinz Bet comprises 120 individual bets, each with seven lineups running in different races. The 120 bet consists of 21 doubles, 35 trebles, 35 fourfolds, 21 five-folds, seven sixfold accumulators, and one sevenfold accumulator.
Furthermore, a minimum of two selections must win or place to receive a return on the bet, and winning will depend significantly on the odds, stake wagered, and whether you bet win or each way. And, because of the large number of bets, the sum of money wagered by the bettor is also significant.
Each-way bet is a two-part bet in which half of the stake is placed on the winner and the other half on the place. It costs twice as much as a traditional win bet, but it has generus pay outs if the selection wins or gets a place.
For each-way bet in horse racing, bookmakers must follow specific rules. So unless your horse wins, both the ‘Win’ and ‘Place’ parts of your bet will pay out, but if your horse only places, you will lose the “Win” bet.
A Goliath bet comprises 247 equal bets on eight different selections, including 56 trebles, 28 doubles, 56 five-folds, 70 four-folds, 28 six-folds, one eight-fold, and eight seven-folds. Even though it has a much higher stake than a conventional accumulator, it increases the likelihood of a profit for the wager.
If you’re making a Goliath bet, you are simply making 247 bets on eight different options. Furthermore, placing a Goliath bet allows you to profit significantly.
Betting on horses is entertaining and part of the experience of enjoying horse racing. If you’re new to sports gambling and horse racing or want to expand your thoroughbred racing gambling knowledge, it’s essential to understand the various types of bets available. The list of bets above should help you decide what kind of bet to place during horse racing.