Betting on a horse race is not as easy as it looks like. If you think that you only need to pick a race and a jockey and his horse and then place your money on the pair, you might be shooting blindly at empty targets and you will find that you’re losing more money than actually earning. As one bettor said, horse racing betting is a skill that, like any other skill, can be acquired. To be successful at betting on a horse race, a bettor must study on how the game works. This is just as important as looking at the odds because if you don’t know how the game works, you don’t know the right way to winning. A bettor is after beating the oddsmaker to win some money. There are so many types of betting opportunities offered for horse racing and picking an opportunity might be as difficult as winning itself due to the vast variety of choices.
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However, the most popular ones are Across the Board, a bet on a horse to win, place and show. If that certain horse wins the race, the bettor collects all three prizes. If the horse wins, second, the bettor wins two and if third, the bettor loses the bet. Place and show can be bet on separately, Across the Board is just some kind of a package deal. Another type of horse racing betting is the Boxed Bet, wherein a bettor bets on all possible combinations in a multi-horse wager such as Exacta and Trifecta. The list will go on and on with all kinds of possibilities and “customizations” on the bets. For beginners however, the simplest bet is what they pick which is the Straight, which is betting to win only. If the horse bet on wins first place, you win first place too! First timers may generally find this type of betting really confusing, and if it isn’t mind boggling enough, try to learn how to calculate odds and payoff. If you don’t know how to read the Toteboard, you might not know what you’re getting yourself into which is why it is important to go back to the basics and learn everything from scratch before doing something on impulse.
When placing your first bet, try to pick the simplest to bet on wherein the stakes are not that high. Try to find your favourite horse and find a bookmaker to place your bet on. There are tons of online bookmakers available and all you have to do is find a great deal. Some websites also provide help and tips for first timers. Tutorials are also widely available on the internet which tells you how to close up a good deal.
During the winter months, big races in the National Hunt season emerge. Add up the Grand National, one of the races of the whole season that pushes everyone in the household to bet and around March, the Cheltenham Festival is another marvel for both punters and bookmakers. During these seasons is the best time for horse racing betting as this is when it gets very lucrative. The stakes are high and so are the winnings. Make sure to mark this dates on your calendar but even if you don’t, a true horse racing punter would never forget.