Horse racing is one of the most popular games on sports betting sites as the payouts reach jackpot levels very often.
Just like traditional horse racing, online betting at a horse race is one of the most fun activities. What’s better than watching a live race from the comfort of your home and then engaging in some exciting betting too!
Nonetheless, for new players, the odds displayed in horse race betting sites could be confusing at times. So, throughout this blog, we will explore the rates involved in horse racing betting and the sites where you can find the best ones!
Understanding Horse Racing Betting Rates
If you are a beginner on sports betting sites, then you might feel a bit lost when you see all those numbers; you might even sign off from the site, which could have turned you into a millionaire. So, let us try to simplify for you the mechanics of horse racing betting odds step by step.
To remove some anxiety, we can reassure you that reading betting rates is pretty simple. Firstly, odds represent the return you will receive if the horse of your choice actually wins. At the same time, it reflects the money that everyone invests on this particular horse; if most people bet on one particular horse, the odds are lower.
If a site displays the odds in the format 6-2, it illustrates the amount of money one will make based on the money they will invest in that horse. 6-2 means that if a player bets INR 200, they will get INR 600 in return. In the above example, the total money the player would get back is INR 800, with INR 600 being the net profit.
In certain cases, the odds for a particular horse might be 1-2; this means that a player would win half of the amount they invested on that bet. It also means that most people bet on that horse and that the odds of it winning the race are pretty high.
Longer Odds & Better Payout Rates
Most people tend to bet on a particular horse, trying to guess its finishing position. However, there are other ways to make much more money by going after higher betting odds. Let’s explore these below:
Exacta – guessing the first two horses in the right order.
Trifecta – betting on the first three horses in the right order.
Superfecta – guessing the first four horses in the right order.
The horse racing betting odds for the above three bets could make the difference between rags and riches. And we are being literal.
Betting Strategies for High Horse Racing Odds
To make a lot of cash with horse race betting you would need to employ some strategies. Now, that we have offered you some basic insights into horse racing betting odds, we will try to show you some tricks to increase your winning chances.
Box
Wagering in a box means that a player can pick several different horses and cover all the possible finishing options. This can be employed in both exacta, trifecta and superfecta bets, although the cost would be much higher in the latter.
Wheel
With this betting strategy, the player guesses the horse that will finish first – and includes all other horses to finish second. With this approach, if the punter guesses the winning horse correctly – they will definitely make some profit.
Key
This strategy is similar to the above, although it includes the second and the third position.
Last Thoughts on Horse Racing
Horse racing is a classic betting sport, but with the rise of the Internet, things are a bit more complicated. We hope that the above guide will help you read the betting odds in a more educated fashion and help you win.
There are many sports betting apps where you can bet on your favourite horses and find attractive payout rates.
After you give these sites a try, we are sure you will find your favourite one for horse racing betting.
