Welcome To Our Page
Horse racing is an equestrian sport that has been practiced over the centuries; the chariot races of Roman times are an early example, as is the contest of the steeds of the god Odin and the giant Hrungnir in Norse mythology.
It is often inextricably associated with gambling. The common sobriquet for Thoroughbred horse racing is The Sport of Kings.Horse racing is popular sport of the united kingdom and North American continent
The main object of betting on horses is to beat the 'Oddsmakers' or the 'Odds Compilers' and win some money. Additionally, placing a bet on your favorite event makes the race exciting and more enjoyable.
You need to state what you are betting on by making a selection, the type of bet and the amount you are wagering. Your selection will obviously depend on the odds offered, so you will want to examine the range of odds available before you make a decision.
A group of bettors pool their money together through an agent the agent takes out a cut for themselves to cover expenses and profit, and the rest is given back the winning players. In an insurance situation, the bettors are betting on death or some kind of casualty - at the track the bettors are betting on horses.
At the track there are various types of bets available. All money bet on a specific kind of wager is pooled together. Once the betting is closed, the track will deduct their share to cover taxes, dues to the Racing Association, overhead expenses, purse money, and the Breeder's Fund. For example, at the Pimlico track in Baltimore (home of the Preakness stakes) the track will deduct 17% to 25% depending on the type of wager. The remainder of the pool will be divided among the winning bettors.
Betting Options
Win: This is that most basic bet that the chosen horse will finish in first place.
Place: This is a bet that the chosen horse will finish first or second.
Show: This is a bet that the chosen horse will finish first, second, or third.
Daily Double: This is a bet on the first place position in two consecutive races, generally the first two of the day. The bettor must correctly pick both races to win.
Daily Triple/Pick Three: This is a bet on the first place position in three consecutive races.
Pick Six: This is a bet on the first place position of six consecutive races, generally the last six. In the event nobody wins, the winning pool is split between those correctly picking five (or less if nobody picked five) and a carryover to the next pick six pool.
Exacta: This bet is on the first and second place horses in a given race in the correct order.
Quinella: This is a bet is on the first and second place horse in a given race in any order.
Trifecta: This bet is on the first, second, and third places in a given race in the correct order.
Twin Trifecta: This is a pair of trifecta bets on two races. The winning pool is split between winners of the first trifecta and winners of both of them. After the first race, winners of that trifecta should redeem their tickets for winnings from the first half of the pool and a ticket for the second half.
Superfecta: This bet is on the first, second, third, and fourth places in a given race in the correct order.
Odd/Even: This is an uncommon bet based on the number of the winning horse.
The minimum bet is generally $2 on win, place, and show bets, and $1 on all others. The player may bet above the minimum but all bets must be an even dollar amount (no change).
The odds will be refreshed every ten seconds or so to reflect the changes in betting activity. The odds are reported on a "to" basis.
There is a specific way to make a wager at the betting window. You should state in order: the track (if you don't specify it will be assumed you mean the home track), the race number, wager amount, type of wager, and horse number. There is little tolerance for chit chat or indecision at the betting window. Nobody standing behind you in line wants to risk getting locked out so make your bet as efficiently as possible.
Payoff Calculations
On bets with only one way to win, the pool remaining after the horse racing track takes it's cut is divided among the winners in proportion to the amount bet. The payoff per $2 bet is always rounded down to the next increment of 10 or 20 cents. This is called the "breakage," which is not an insignificant amount of extra money for the track.
In the case of the place and show bets, the winning pool is divided equally into one pool for each winning horse.