People always consider this horse racing betting and the betting format varies according to the rating of each bookmaker and the country in which they are located. Because the participants themselves also need to have a certain amount of bets and learn more about the most complete odds.
In addition, you need to understand the difference between a fixed bet and a common bet. These are the most basic things when participating in this game.
In this form, the most basic thing you need to pay attention to is the bet table. With each race, you can win and earn how much profit depends on the number you bet at the beginning. But with the initial bet you need to assert your opinion in a certain horse position.
Types of horse racing betting
In general, there are currently three main horse odds including decimal odds, fractional odds, and cash flow odds. These are the simplest bet types to be able to use some mathematical method to determine how much you can get from here if you win. To better understand this you need to calculate yourself a return and spend to find out how accurate your profit level in this match is.
Types of bets in horse racing betting
There are currently 3 types of horse racing betting to choose from when taking the bet. Depending on your needs, preferences, the amount of bet for you to choose for yourself a suitable type.
Win bet means if the horse you choose finishes in the first position, you win.
Place bet means placing bets on the horse to finish first – Can be top 3, top 5… depending on the number of horses participating in the competition or the rules of the house. If your horse bets on the same top then you win the bet.
W/P (Win/Place) Bet
When placed in this bet, the player’s wager is divided into 2 parts. One part will put in Win and the other part put in Place. In case the horse is bets on the last one, the bet ticket loses. The loss is equal to the total bet.
Although newly introduced in the betting world, horse racing betting is always an important focus of many bookmakers at this time. Take time to clearly study it, you may find a new joy for yourself. Hopefully, with the basic information above, we have partly supported you when participating in this subject. Good luck!