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Guide to Betting on Horse Racing

Despite the popularity in team sports, horse racing still remains one of the most popular sports for gambling enthusiasts to get involved with. And they’re not short of races to bet on, with races taking place around the world virtually every day of the year. But if you’re new to the world of betting, it can be confusing to know where to begin. This is an overview of the types of bets you can place, the terminology you need to know and how to increase your chance of success at the track.

Types of Bets

Along with win and each-way betting, there is a wide variety of multiple bets and special markets to choose from within the world of horse racing. Betting to win is the most straightforward of all the bets and it simply means that you’re placing a bet on your chosen horse to win the race outright. So, if you place £10 on a horse at 5-1 and it wins, you’ll receive £60 which is the total of your stake plus five times that amount.

If you bet each-way, you’re effectively betting twice on the same horse – one half of your total stake goes towards the horse to win and the other half is for it to place. If your horse wins, you win both parts of your bet, while the place portion is paid out as a fraction of the winning odds.

Place only betting is for those situations where you may not wish to bet on a heavy odds-on favourite, but you predict a certain horse will finish second or third. In those circumstances, a place only bet allows you to bet on that horse without the ‘win’ portion of the bet.

Multiple bets are for punters who are seeking a larger pay-out from a smaller stake. This type of bet involves betting on different horses from several races in doubles and upwards. For example, a double is two horses combined, both of which need to win for you to receive a pay-out. A treble is the same but with three horses, while a Trixie is three horses combined in three doubles and one treble, so four bets in all. With a Trixie, you only need two horses to win in order to see a return, there are other types of bets like matched offers.

Tips for Betting on Horse Races

While there is no guarantee when it comes to gambling, there are some ways to increase your odds of seeing a pay-out. Firstly, you can opt for free bets when you open an account with a sports betting site which means you can experiment with the types of bets and find out which site offers the best value. Secondly, compare prices and ensure that you’re getting the best value for your bets. The prices are usually available online for the next day of racing so you can check in advance. Keep tabs on the horses, study their form and stay up to date with going reports which can drastically alter the complexity of a race. Finally, keep track of your investments so you can be aware of profit and loss and also help you learn where your strengths and weaknesses lie when it comes to betting.

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