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Whether you are planning a day at the races, you want to place a bet or you want to know more about how it all began, you’ll find the answers here on Racing Explained. Public handicapper selections: If your racetrack or OTB (off-track betting) is covered by the local newspaper, they may pay a handicapper to make daily horse selections. A Hurdle race is a horse race where the horses jump over obstacles called hurdles. You’re betting on horse races and want to know how much your winning bet will give you. Betting on the outcome of formal horse races can be fun and profitable if you know what you’re doing and can beat the odds. The top ten riders in the jockey standings win about 90 percent of the races run during the meet. $1 trifecta keying one horse to win over three horses costs $6; Your horses must finish 1st, 2nd, 3rd, and 4th; hard to bet, $1 superfecta keying one horse to win over four horses costs, Your horses must win the two consecutive races; chance for a, $2 daily double using two horses in each race costs $8; $2, Your horses must win three consecutive races; it’s a, $1 pick 3 using two horses in each race costs $8; $1 pick 3, Your horses must win four consecutive races; chance for a big, $1 pick 4 using two horses in each race costs $16, Your horses must win six consecutive races; very expensive to, $2 pick 6 using three singles with two horses each in the other. For further help understanding bets, check out this guide on how horse betting payouts work , look at win rates displayed at race tracks, and use online odds … Betting odds explained. 6-keys: media/spln/other/reg/free/stories, at If you ever find yourself wondering, you can use this glossary to get your head around the jargon. Most often, you place your bet, take your ticket, and tear it up when your bet doesn’t pay off. section: | slug: preakness-stakes-odds-gambling-on-horse-racing-explained | sport: other | route: | An important disclaimer, though: Knowing the terminology doesn't guarantee you success in your wagers. Your winnings can add up very quickly. Your horse must finish 1st, 2nd, or 3rd; modest payoffs, Your horse must finish 1st or 2nd; payoffs better than to, Your horse must finish 1st; payoff determined by the win, Your horses must finish 1st and 2nd in either order; a normal, $2 quinella box using three horses costs $6, Your horses must finish 1st and 2nd in exact order; riskier bet, $1 exacta box using three horses costs $6; $1 exacta box keying, Your horses must finish 1st, 2nd, and 3rd in exact order; can. It can be a confusing world for beginners and first-time racegoers, so we’ve provided answers to all of the most common questions to help you understand what’s going on during your day at the races and beyond. Covering the impact of coronavirus on the sports world. You may want binoculars to see your favorite pass the finish line, but the tools in the following list are even more useful when it comes to actually placing your bets: Racetrack program: Like a program at a baseball game, it has information on all the players. All Rights Reserved. Racing Explained is here to help you make sense of the world of horseracing. Betting on Horse Racing For Dummies offers lots of info to help better your odds including advice on what to pay attention to and what tools can help you at the track as well as the mechanics of placing a bet, the types of bets you can place, and your odds of winning. Check your ticket before you leave the window. The Classics are the crown jewels of British Flat racing;  five races that are considered the ultimate test of a generation of horses. We’ve devised a beginners guide to explain betting odds. Professional bettors target overlays, meaning they target bets that offer better than fair value odds. Whether you want to know how to read a racecard, how to go about picking a winner or how the rules of racing work, you’ve come to the right place. When it comes to betting on horse races, before you even place a bet on a horse you need to decide what type of bet to place. Who wins the Preakness? Along with your sunscreen (or umbrella! Horse Racing on the Betfair Exchange lets you set the odds yourself on over 374 Horse Racing events. Anyway, here's a rundown of the terms you'll want to be familiar with: BET TO WIN: Well, this one is pretty self-explanatory. To compute your $2 win price, take the odds of your horse and multiply the first number by 2, divide that by the second number, and then add $2 — simple as that! He currently hosts a radio show on horse racing. You're betting on a horse to win the race.BET TO PLACE: You're betting on a horse to finish either 1st or 2nd in the race.BET TO SHOW: You're betting on a horse to finish either 1st, 2nd or 3rd in the race.EXACTA: You're betting on both the 1st and 2nd place finishers in a race.TRIFECTA: You're betting on the 1st, 2nd and 3rd place finishers in a race.SUPERFECTA: You're betting on the 1st, 2nd, 3rd, and 4th place finishers in a race.DAILY DOUBLE: You're betting on the winners of two separate races.PICK 3: You're betting on the winners of three consecutive races.PICK 4: You're betting on the winners of four consecutive races.PICK 5: You're betting on the winners of five consecutive races.PICK 6: You're betting on the winners of six consecutive races. However, if you’re lucky — or skilled — you get to take your ticket back to the window and collect your winnings. The Jockey Club is the largest commercial group in British horseracing. You know your stuff and you’re sure of your picks. Following is a list of payoffs at various odds for quick reference: Are you with a group of friends betting on horses at the racetrack? Everything from ‘the going’ to the Grades is explained to help you make the most of your time at the races. When looking at the odds (price) of a horse, the two formats used are decimals and fractions. If you don't particularly understand the process or the terminology of betting (we know it can be a bit confusing), we've got you covered with a handy cheat sheet. Underlay – A horse whose odds are less than than his potential to win. These are smaller than fences and are a minimum of three and a half feet high. Learn how to spot a confident horse, how favourites are chosen and how to read the form. Those who don't often participate in betting on the ponies may not understand all the excitement, but it's never too late to get in on the action. Each person in the group picks one race and one horse to bet to show. State the number of the horse or horses you’re using. Bet on Horse Racing, your way. As the bets you can make range from a simple bet on a single horse in one race to choosing the winning horses for six consecutive races, you may need to the information in the following table to help you explore your betting options: Richard Eng, a former researcher/writer for ABC Sports, has been involved in thoroughbred horse racing for more than 20 years. Today is the day. Cost is $2. On the board – Finishing among the first three.. On the nose – Betting a horse to win only.. Overlay – A horse whose odds are greater than its potential to win. Place the first bet, and if you win, parlay the money on the next race and horse. These can be small ones known as hurdles or large ones known as fences. ), a few items come in very handy when you’re at the racetrack betting on horses. Horse Racing Betting Explained. If you aren't exactly sure how it all works, don't you worry -- we're here to help you get up to speed. You’re betting on horse races and want to know how much your winning bet will give you. Favorite horses win about 33 percent of the time, although at low payoffs.

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