Understanding the basic types of horse racing betting
It is noticeable that horse racing betting keeps on growing in terms of bet revenues generated by betting sites all across the world, including those listed at Allbets, even though horse racing as a sport is not equally or widespread popular among the different parts of the world.
In some countries like the UK, the US, Malaysia, Singapore, Canada, France or Australia it is quite evident that all the betting volume comes from the fact that horse racing has retained its glory and its popularity as a sport. And given the deep association between horse racing, as a sport, and gambling -which in this case is more of sports betting – it does not come as a surprise that there is a continuous interest on the part of punters over wagering on horse races.
But the amazing thing is that horse racing betting is also maintained at relatively high levels or it is showing signs of growth in the past few years, in places or countries that are not typically or traditionally associated with horse racing or which don’t have horse racing deeply embedded in their culture.
For example in countries such as Austria, where there is low popularity of the sport, there is an increasing interest on the part of bettors although such cultures don’t typically go with horse racing. Lately, there have been reported growing bet revenues coming from such places and this implies one thing: that horse racing betting is unique, different and inherently intriguing.
Part of the uniqueness and attractiveness of horse racing betting comes from the bets themselves and the choices that punters have when they wager on horse races. It is remarkable, we must say, that in horse racing betting punters can find really appealing bets, not in terms of prices and odds but in terms of the bets themselves. And this is because there are so many different choices.
Let’s have a look at those choices.
If you simply want to predict a winning horse, you can place a standard, straight win bet, which is no different than a typical bet in any other sport where you forecast who is gonna be the winner.
But then there is so much more. If you want to make the bet more interesting, you can predict the horse that will either win the race or come second in the race -via a place bet – or you can predict the horse that will win, or come second or third via a show bet.
These are the most straightforward bets in horse racing. For bettors who want further excitement and enthusiasm, bookmakers provide exotic bets that are multi-bets in a sense.
With these bets, punters can make multiple predictions all at once, towards two main directions. Towards the winning horse in a range of consecutive races or towards the winning horses (the winning positions) in one single race.
In the first case bettors add breadth to their bets (horizontal) and in the second case bettors add depth to their bets (vertical).
In adding breadth, bettors can make predictions on a runner to win two (Daily Double) or more races in a row (Pick 3, 4, 5 or 6). To win these bets, punters need just to pick the winning horse in the number of races chosen in each case.
In adding depth, bettors can make predictions on the runners that will win one specific race. Either the first two winners (exacta), or the first three winners (trifecta) or the first four winners (superfecta). To win these bets, punters need to pick the right order of who finishes in which position. So, it is a matter of finding the right horses and the right order at the same time.
And finally, to give a twist to the already interesting and exciting bets, bookmakers also offer the quinella bets, which are just like the previous ones in adding breadth, only now punters don’t have to pick the first and the second winning horses in the right order, but pick the two horses to finish in the first two positions of a single race (either 1st or 2nd).
