Betting on horse racing is not at all challenging if you are aware of the terminologies. However, if you are new in this sector and do not have any prior information, you will end up making a hole in your pocket. Most often, you will place bets that you are not aware of. As a result, you will lose, and if you do not stop, it will give a disappointing experience. Being a beginner, first understand a few terminologies that will guide you in placing Horse Racing Betting.
- The Daily Racing Form (DRF)
The DRF provides information on past horse races daily. It includes informative horse races, how the horse has performed, the jockey’s details, and many more. Going through the DRF will give you the present status of the horse and the jockey and how they are going to perform in the tournament.
- Racetrack program
Similar to a baseball match, a racetrack program has details of all the players. In horse racing, players signify trainers, jockeys, owners, jockeys, etc. The more information you have, the easier it is for you to understand where you should place your bets.
- Handicapping tip sheets
It is a daily selection list published by the handicappers at the racetrack. Do not ignore it as the handicapping tip sheet can give you some exclusive detail.
- Public handicapper selections
Read the newspapers that cover information about the off-track betting or racetrack. They can provide some useful data that increases your chance of winning higher payouts.
While collecting information, it’s essential to be aware of various types of bets available on horse racing there’s also a handy calculator to help you with this. Without knowing which bet indicates what, how can you win? Brief information about the betting types is given here; take a look!
- Daily Double
It is a hard bet where players need to choose two horses that will win consecutive races. Of course, it’s a bit risky, so you also get a higher payout. Do not blindly go with any horse, as it’s always better to gather details about each horse to ensure that you win with them.
It’s an extremely tough bet and has a bigger payout. In superfecta, choose four horses, completing the match in first, second, third, and fourth in the same order. It is difficult, and if you do not win, you can lose a huge amount. That’s why; you need to be an expert who is confident about the best avenue to place it.
- Win and Show
If you are starting, go with win and show. A win is a straight bet where you need to choose a horse, taking the trophy horse. It’s simple and less risky, and being a new player, you should go ahead with it. The show gives you modest payouts, as you choose 1st, 2nd, and 3rd position horses.
Understand the terminologies well, and make sure you remember them when you are placing the bets. The results of your wagers will depend on how well you have understood the aspects of horse racing betting.