With many of the season’s key competitions still around the corner, there are plenty of ways for people to get involved in horse racing. But if you’re new to the sport or just new to betting on the races, you may be confused by the different types of bets and their meaning, and you may not even know the difference between free bets and collective bets. This guide will help you prepare for your first race and give you a basic overview of the types of bets you can place in the world of horse racing.
The basic requirement for a chance to win is to check how much money you win for your bet if your chosen horse wins. Fractional odds tell you how much will be returned without your participation included, while decimal odds have already included your share of total profits. For example, the odds of 7/1 with a bet of £ 10 you would if your horse won the race in Win 7 x £ 10 = £ 70, plus your original stake back so £ 80 total. These odds in decimal format would be 8,000, so at € 10 for the bet you would get € 10 x € 8 = € 80.
There are different types of bets you can place on a horse race, but the most common and easiest is a bet to win on a horse on a single bet refers to win. If it is completed first, you will receive a return, otherwise you will not receive a return. For newbies in the world of horse racing betting, this bet is an easy one to start with.
Another common bet is to support a horse in any way, which means you are effectively making two bets – one on the horse to win and the second is for you to place, which varies depending on how many positions the makers pay out , although, the first three places will be paid for most races, so that a quarter of chances to get back, unless you do not win horse but places second or third.
For those who consider themselves lucky, the tricast bet is a great option. For this type of bet, participants must correctly predict the three best horses and the order in which they finish the race. The rewards for the players who are successful with this type of bet can be huge, but it takes a lot of skill and luck to correctly guess the three horses and how it will take place.
Double, triple, quadruple
Multiple bets like double and triple bets are a bit more complex. For a double, you use two horses in two separate races. To win, both bets must be made. As the bets get more complex, the process continues – for a triple bet so you add another event and support three horses in three separate events, etc.
A trixie is a bet that includes three horses that run in three individual races. This is essentially a group of bets, which are combined into one and consist of three double bets and a tripling. To win, at least two of the three horses you bet on must be properly selected.