How does horse betting work uk
In the imaginary runners scenario, the horse that the bet is being put on is 6/1 to win the race and the place odds would typically be 1/4, so if the place. A bet consisting of four selections and 11 bets – six doubles, four trebles and a fourfold. A minimum of two selections must win to guarantee you a return. For. Odds are the return you can expect to get if the horse you bet on is successful. It reflects the amount of money bet on a horse; the more. MARYLAND GAMBLING
Statistically, you are much more likely to get regular place returns by confining your each-way betting to non-handicap races of runners. Place only betting may be useful as part of an overall strategy but is difficult to recommend as a bet. The temptation for punters is that they can secure a price much larger than the eventual SP for their selection.
The risk is that they could lose their stake without the horse even starting the race. There is the ever-present risk of injury or a simple change of plan by connections. This can apply to races such as the Cheltenham Gold Cup and Champion Hurdle and are promoted on their websites. Ante-post markets are open on every event at the Cheltenham festival for 12 months of the year with the exception of the handicap races.
Strategy for Ante-Post Betting Ante-post betting is not for everyone with the search for good value being tempered by a high element of risk. Bookmakers rush to quote prices for future events immediately after a big race but it is usually best to wait for the dust to settle. These prices can vary wildly and it takes a couple of days for the market to settle down. The risk is injury is something that has to be factored in but you can at least limit your risk by doing some research. Often bookmakers will quote prices on horses for big handicaps where the connections or trainer have no intention of running.
Study the racing reports regularly for confirmation of running plans before investing in the ante-post market. His massive win saw him leave Lambourn to embark on a training career in the United States. Their first obligation is to the owner and not to the media and their plans can change at the last minute. You still run the same risk of losing your money if your selection does not take part, but you are in a better position to calculate likely running plans and assess the going.
Some trainers will state in advance that they want fast or soft ground before declaring a horse so study the weather reports before risking a bet. By eliminating some of the market leaders you can sometimes find good value elsewhere. The recent innovation of supplementary entries is another factor to take into consideration. Horses can now be supplemented late on for the Classic races at great expense. These can often have a drastic effect on the ante-post market.
The fact that the owner has stumped up thousands of pounds indicates a degree of confidence so these entries are always worth a closer look. Forecast Betting Forecast and Tricast betting involves selecting horses to finish first and second or first, second and third in the correct order. This is a lot harder to forecast than a simple win or each-way betting but the rewards are a lot higher. Straight Forecast — The Straight Forecast involves picking the first and second horse in the correct order.
Exacta — Is the same as the Straight Forecast but the return is based on the Tote pool dividend. Swinger — The Tote Swinger is a single-race bet with two selections where both have to finish in the first three to trigger a return. Separate dividends are returned for first and second, first and third and second and third. The bet covers all the permutations of your selections. Each permutation is a separate bet within the Forecast or Tricast so your original stake will be higher.
Offer applies to Sport bets only. Exclusive to new members. This involves combining horses from several races in doubles and upwards. Double — 2 horses combined, both have to win for you to receive a return on your wager Treble — 3 horses combined, all three must be successful Trixie — 3 horses in combined in 3 doubles and 1 treble, 4 bets in total.
You only need 2 horses to win to get a return. You need 2 horses to win to get a return i. This bet can sometimes include the incentive of double the odds if only one selection wins or a bonus if all horses are successful. Canadian or Super Yankee — 5 selections in 10 doubles, 10 trebles, 5 four-way accumulators and 1 five-way accumulator i.
As with the Lucky 15, there are often extra bonus payments on offer. A Heinz combines six horses in 57 bets: 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and 1 accumulator. A minimum of two of your selections must win in order to get a return. Super Heinz involves every multiple combination of seven horses i. A minimum of 2 of your selections must be successful to get a return. Goliath — 8 selections in every multiple combination for a total of bets.
The bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and an accumulator. Again, a minimum of 2 of your selections must win in order to trigger a return. Scoop 6 — The Scoop 6 is the modern version of the old ITV 7 and is an accumulator on Saturday, across six chosen races.
Each additional selection will increase your total stake. The Scoop 6 prize will roll over to the following weekend if nobody manages to name all six winners. This means that the final payout can be considerably higher than the SP accumulator.
This has resulted in syndicates being set up to chase the jackpot payouts. Winners of the Scoop 6 also win a Bonus Fund where they have to choose a horse in one specified race the following weekend. Tote Jackpot — The Tote Jackpot is a daily bet where you have to correctly name the first 6 winners at a specific meeting. Tote Placepot — A Tote Placepot is available at every British race meeting and requires you to select a placed horse in each of the first six races.
Dividends are declared after the last Tote Placepot race. These can be a popular bet at the biggest meetings of the year when there are large fields and competitive races, often leading to a large Place pot dividend. It consists of selecting a placed horse in the 4 Tote Quadpot races at your chosen meeting.
Strategy for Multiple Betting on UK Horse Racing The incentive for multiple bets is the hope of a massive win for a relatively small outlay. For example, there is little point in placing a Lucky 15 on four horses that are all likely to start at short prices. The advantage of the Lucky 15 is that you get a return on one winner, yet you are staking four extra points than you would for a Yankee.
Therefore you need odds of at least just to cover your extra stake. Likewise, you need for a Lucky 31 and for a Lucky Most professional punters argue against each-way betting and multiple betting but both have their advantages. The cumulative odds of his seven winners was over 25, — 1 but considerably larger if you took early prices. The weight of the money rolling on to his seventh ride was such that Fujiyama Crest dropped from to favourite.
Curley combined four horses running at Catterick, Lingfield and Kempton in accumulators placed overnight at odds in excess of 9, The horses had been placed with different trainers and had been off the racecourse for lengthy periods. Bookmakers were undoubtedly caught off guard and their losses mounted up as punters across the country joined in as the coup unfolded.
Unfortunately, most punters are unlikely to be blessed with the insight of Barney Curley but it does show how rapidly winnings can accumulate. For example: If you fancy four Willie Mullins runners to win at Cheltenham, you would win a lot more in an accumulator than you would from four single bets.
The strategy here is to set aside a percentage of your outlay on the multiple bets so that two or three winners would still generate a nice profit from the single bets. Special Bets The best gambling sites also offer a wide range of Special bets on horse racing. There are often enhanced prices available on specific jockeys to ride winners and markets on the number of winning favourites at each meeting.
Some firms refund bets on fallers in National Hunt racing and pay out on disqualified horses. Betting Exchanges The introduction of the Betting Exchanges has opened up a wide range of new betting opportunities on horse racing. You are effectively acting as a bookmaker in that you offer a fixed price to a fixed amount. If the horse loses you collect the punters stake money but, if the horse wins, you pay the punter the amount of the stake multiplied by the odds you offered. Experienced traders can use the betting exchanges to deal in both the win and lay markets with the aim of guaranteeing a profit.
Obviously, this type of betting strategy requires a good deal of expertise. Regular Betfair punters can benefit from a commission points system where the amount is reduced over set targets. You must have a suitably fast Internet connection and this is a very dynamic form of betting. The prices of the horses change rapidly through the race and this form of betting also requires experience and the ability to make instant decisions. Rule 4 Deductions All bets are subject to Rule 4 deductions unless specified.
This is to protect the bookmakers in the event of a short-priced favourite being withdrawn close to the start of the race. The deduction is calculated on the odds of the horse at the time of their withdrawal. If there is time to form a new market, the rule 4 deductions only apply bets struck prior to that time.
All of these deductions are explained in detail in the rules of each bookmaker and should be available on their website. Free Bets All bookmakers try to attract new customers with free bets or enhanced odds. These betting offers are widely advertised. They usually require an initial deposit and some of the larger amounts require you to turnover your original stake several times before you can withdraw any winnings from your free bet. There is nothing to stop you opening accounts with several different bookmakers and taking advantage of their free bets.
These are often at their peak during Cheltenham Festival week. For example, one bookmaker offered odds of against jockey Ruby Walsh riding a winner at the meeting. Punters did not have to wait long for their winnings as he rode the first winner of the week. Choosing The Best Horse Racing Apps The evolution of online sports betting has a lot of advantages, one being the option to play on mobile. With an internet-enabled device, punters can wager on horse races from just about anywhere.
The first, flat racing, is simple: horses start, they run — either in a straight line or round a curved track — then they finish, the winner being the first past the post. The second, National Hunt racing, is slightly more complicated — not least for the horses and jockeys — in that obstacles must be negotiated on the way round the track. National Hunt racing is split into two main categories: hurdles and steeplechases.
The difference between the two is that horses running in steeplechases must jump fences that are higher and more solid than the hurdles in the hurdle races. In both flat and National Hunt, races are also categorised by the age and experience of the horses, and the distance over which they run. See our Types of Horse Races article for further details.
Classifications of Races In both flat and National Hunt racing there are a series of classifications that indicate the prestige, likely purse value amount paid out in prize money and the quality of the horses involved, with Group 1 being the top classification in flat racing, attracting the best horses and offering the biggest purses, then, descending in importance through Group 2, Group 3, listed races and finally handicap races.
In National Hunt, Grade 1 races are the top notch, going down through Grade 2, Grade 3, listed, handicaps, and then bumpers flat. In handicaps, an official from the Jockey Club sets the weight each horse must carry in that race in order to provide a decent spectacle with close and exciting races. Generally speaking, the better the horse, the weight it must carry.
Betting on Horse Racing For many — perhaps most — fans of horse racing, it is the betting element that brings the excitement, or a large chunk of it. If you are a beginner to horse racing, you are most probably — but not necessarily — a beginner when it comes to betting in general. If so, take a look at our How to Bet on Horse Racing article for the lowdown.
In brief, you first need to get a handle on the odds, most regularly displayed as fractions in the UK system. Easy, right?
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