Basic guide about types of horse racing bets nowadays

The simplest bet in horse racing, like other sports betting, is to bet on the horse that will win the race. If the horse you bet wins, you get money.

However, there are other ways of betting like betting on which horses will come first, betting on which horse will take a certain position, and betting on the results of multiple races in a competition.

The odds, also known as the price, of a bet, are intended to determine how much money you will receive if you win. Together we go through the examples to understand the odds in horse racing. Horse racing odds are offered in one of three ways: such as decimal odds, fractional odds, or money line odds called the money line.

Decimal odds

For example, if the decimal odds are 2.0, for every $ 1 bet the winner will get back $ 2; Decimal odds are 3.0 for every $ 1 bet the winner will receive $ 3.

If the decimal odds are less than 2.0 then the winner will win the amount that is less than the bet amount.

Fractional odds

For example, for a 2/1 horse race bet, the winner will receive $ 2 for every $ 1 stake plus the original bet amount; So a $ 1 bet with the odds of 2/1, if you win the player gets $ 3.

Cash flow odds

The money line bet can be either a negative or a positive number. A positive number means that the winner will get that money based on the $ 100 bet. For example +300 the winner will receive $ 300 with the bet amount of $ 100 plus the amount initially staked.

A negative number means that participants will need to wager the money to receive winnings of $ 100. For example -200 then the player would need to wager $ 200 and win the player will receive about $ 100 plus the original horse racing bet.

Conclusions

So when you have finished reading this article, have you understood how to play horse racing betting? Be sure to understand each of the odds that you have shared with you. Have a fun and thrilling thrill at the bookmakers!