How to Place a Wager on a Horse Race
If it is second, you collect on place and show and if it is third you collect on only the show part of the bet. Win/Place or Place/Show: Simply a combination of win & place or place & show. There are two combinations, so a $2 bet would cost $4 in total.
Placing Your Bets
Simply click on the race you wish to wager in, take a look at the field and click on the horse you want to bet. Your betting options will become visible then, all you have to do is enter the appropriate amount and click ‘Bet Now’ when you are ready to go!
If you bet $2 to win on each of those horses in every race you will have bet a total of $10. … You will need to win 2 out of 5 races to show a profit. By being right 40% of the time you can make money betting on 2:1 shots at the racetrack. Of course things don’t always line up that simply in the real world.
If the horse Wins, Places or Shows, the bet is won. In contrast to the Show bet, however, the finishing position of the horse will determine the exact payout received on a bet, according to the probable payout odds on the tote board (i.e. a Win pays more than a Place; Place pays more than a Show.)
Again, if the horse comes in first or second, you will not win any more money than if the horse finishes third. This is the safest of the straight bets but also offers the smallest return. If you are confident the horse will finish better than third, you would have a larger return placing a Win or Place bet.
Generally speaking, exotic bets pay the best odds, so, therefore, you’ll have more chance of snaring bigger wins. Keep in mind that the very reason they pay better odds is that they are harder to pick. Some examples of exotic bets in Australian thoroughbred horse racing are: Quinella.
A horse priced at even money, is 50% chance to win, so in your $100 stake, you bet $50 on that, and so on. So you don’t bet like this. If you bet equal amounts on all horses, then you will win if the long prised horse wins, but lose if the short priced one wins. … So you don’t back every horse.
The Three Different Win Place Show Bets
Win: If you wager $2 to Win on your horse, you collect only if your horse finished first. … Show: If you wager $2 to Show, your horse must finish first, second, or third. But remember, you only collect the Show payoff.
Across the boardResult$2 Win$2 ShowYour horse wins.CollectCollectYour horse places.LoseCollectYour horse shows.LoseCollectYour horse finishes out of the money.LoseLose
Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.
You can watch horse racing on terrestrial TV, with the big-race action covered live on ITV and ITV4 every Saturday.
Best Horse Racing Betting Apps for iPhone and AndroidRankBetting SiteBet Now1MyBookieGo to Site2BovadaGo to Site3BetNowGo to Site4SportsBetting.agGo to Site