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Online Horse Race Betting - Online Horse Race Betting Basics

horses track racing races

Horse racing has been a popular sport, the sport of kings, for hundreds or even thousands of years and for just as long, people have been placing bets on horse races. Horse races and how we bet on them have both changed a lot over the years. Horse racing is now standardized and the rules are rigorously enforced. Betting started with one-on-one bets, but evolved into the system of pari-mutuel betting that exists today. Those bets were once only made at the track. Then off-track betting (OTB) parlors came into fashion. As technology expanded, online horse race betting began to become popular. Today, horse betting online continues to grow as racing fans take advantage of the convenience and benefits provided by online systems.

Most online horse race betting websites conform to the North American standards of betting. Not every type of bet is available for each race, however. Some websites with horse betting online may expand the betting options for a particular race, but most conform to track betting. Here are the possible bets:

  • Straight Wager – A straight wager is a single bet on a single horse in a single race. There are three types of straight wagers: win (1st), place (2nd), and show (3rd). The minimum wager is $2, and show or place bets pay even if the horse finishes above the position.
  • Daily Double – This bet involves two races. You wager on the 1st place horse in each of the two races. Both horses must win for the bet to pay.
  • Quinella – This is a single race wager on the top two horses of the race. The two horses must come in 1st and 2nd, but they can be in any order.
  • Exacta – The exacta is like the quinella, but the horses must finish in the exact order.
  • Trifecta – Trifecta wagering is betting on the 1st, 2nd, and 3rd place horses in a single race. The horses must finish in the exact order of the bet.
  • Superfecta – This bet is like the trifecta, except you pick the first four horses to finish in order.
  • Pick 3/4/6 – These bets are like the daily double except you must pick the winner for the specified number of races (3, 4, or 6).

Horse betting online is more convenient than betting at the track or even at an OTB, but there are some disadvantages, also. When you are at the track you have the advantage of being able to watch the horses warm up before they race, so you can get a better feel for how they may do in the actual race. Some OTB parlors show the warm-ups between races, but many show races from so many tracks, the displays are rarely idle for long.

The first thing you have to know about horse racing is that there are three major types of horse racing: thoroughbred, harness, and quarter-horse. Quarter-horse racing is the least popular because it is so fast and it ends very fast. Horses race only one-quarter mile, so they are in full run the entire time. Thoroughbred racing is the most popular. A field of up to twelve horses race for a set distance of at least one mile. Each horse is driven by a jockey from the horses’ back. Harness racing uses a small one-man buggy known as a sulky from which the jockey drives the horse.

When choosing horses for online horse race betting, several factors should be considered:

1. Class – Each race has a different class of horses competing against each other. Better classes of horses compete for higher purses (prizes for winning). From time-to-time, a horse will move class either up or down. Upward moves mean stiffer competition. Downward moves mean relaxed competition. Classes can be determined by ability, age, and the type of horse.

2. Experience – Horses new to racing or horses that have taken substantial time off are more difficult to judge because their past statistics are either non-existent or too old to be of any use.

3. Track Distance – Examine the tracks the horse has raced on in the past. It is best if the horse sticks to the same-distance track. It is even better if the horse sticks to the same exact track.

4. Post Position – This is the horse’s starting position, and it can play a big part in the race. The number one position is closest to the inside of the track. The closer to the inside of the track, the less distance the horse has to cover.

5. Jockey and Trainer – Horse racing is not all about natural ability. The horses that win usually have better trainers and jockeys. Pay attention to the records of the horse’s trainer and jockey before betting on them.

6. Past Performance – Check out the past performance of the horse. This includes the horse’s time at points in the race, post position, finishing position, and track conditions. Some horses are better than others when the track is in slow or muddy conditions from rain.

Using these tips can help you make the most of your online horse race betting experience.

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