How to Bet on Horse Racing
Horse racing is one of the most popular betting markets available. There are some horse racing events where everyone is tempted to have a flutter, be it the Grand National or the Derby, and in these events, it is often just a single or each-way bet that is placed. Maybe you’re interested in hearing more about the other types of bets on offer. This section of the guide will help you find out which particular bet is right for you.
Win or Each-Way
These are straightforward, no-frills bets and this is no bad thing. First of all, a “win” bet is just that – if you bet on a horse to win and it finishes the race victorious, then you win the bet.
Many experienced punters believe that traditional win betting is the only way to make regular profits, but the “safety net” of an each-way bet should not be disregarded.
Each-way bets are for situations where you expect the horse to do very well but perhaps not to pull off the win. An each-way bet gives punters a return even if the horse they have bet on finishes in second or third place in a race with eight runners or more. In handicapped races of 16 or more racers, the race may pay out to the fourth place. If it’s a special event, pay-outs may occur even as far as fifth place.
The returns of an each-way bet are calculated at one-fifth of the odds in non-handicaps and a quarter of the odds in handicap races.
If you are confident of a number of results in the world of horse racing and want to make a lot of winnings, then multiple bets are the way to go.
Multiple bets are difficult to win as a lot needs to go right, but if it does, then you stand to make a lot of profit, even from a small stake.
The multiple bet or accumulator can be anything from a combination of two results to a seven-or-eight horse accumulator. If one result doesn’t go your way, then the bet has been lost, so while the reward is great, the risk is large.
There are special types of multiple bets. For example, the Patent links three horses in three single bets, two doubles and a treble, totalling 7 bets. The Yankee combines four horses in doubles, trebles and a four-horse accumulator totalling 11 bets. The Canadian is five horses in 26 combinations and the Heinz is six horses in 57 combinations. These bets mean that if some of your horses do not win, you still stand to make a profit based on other results going positively.