Betting on a horse’s win is not the only option for betting on a horse race. You can also make special wagers like Placement, Show, or Specialty bets. The right strategies for betting on a horse’s win can help you win more often. However, you should be aware of the different risks involved when betting on a horse.
Betting on a horse’s win
Betting on a horse’s win is a great way to win money. If you bet $2 on the horse to win and another $2 on it to place, you’ll win $4. But, if the horse doesn’t win, you’ll lose your money.
Placement
Placement in horse races is a bet on a horse’s place in a race. Bookmakers offer fractional odds on the first three finishers, and the first two in a field of five or seven runners. In handicap races with 16 runners or more, the first four positions are ‘places’, so a horse in fourth place could still win a place only bet. The place only bet differs from the each-way bet, in which the stake is divided between the win and place bets.
Show
Show horse racing is an equestrian performance sport that involves two or more horses and jockeys, riding them over a certain distance. The goal of the race is to earn points for the owner.
Specialty wagers
If you’re looking for a great way to profit from horse races, specialty wagers are an excellent choice. Although these wagers can be tricky, they can also offer huge payouts when placed correctly. Careful planning and value-finding are necessary to find a winning wager. These wagers can also be quite exciting to place.
Exactas
An Exacta horse race is a type of wager that offers lower payoffs than other types of wagers. As a result, it can be tricky to choose the right horse for your bet. However, the right strategy can help you increase your odds of winning.
Trifectas
Trifectas in horse races are betting opportunities that can maximize your returns. The best situations to bet a trifecta are when there are two strong favorites and a long shot or longshot horse chasing the favorites.
