Betting on horses has been around for centuries. From ancient Greece to the modern tracks in the UK, horse racing has always been a popular sport among bettors. After all, there is nothing like the rush of watching the horses running and giving their best for a last-minute charge for the lead. But more importantly, there is nothing better than betting on horses and making money on the fast track.
But to be successful in horse race betting, you must understand the basics betting options first. Therefore, in this video, we will discuss how to bet on Horses with the basics betting options such as Win, Place, and Show
Before we head into the details, it is important to emphasize that our team Brokerstorm of betting experts recommends that every punter starts with the basic forms of betting such as the Win, Place and Show. These are also the most popular types of horse racing bets and are quite simple to understand. To be more specific, by making one of these bets, you’re simply placing funds at stake based on how a specific horse will do in the race. Your winning depends on how the odds for the horses you pick stack up.
Win, Place, and Show Betting – The Basics
The win, place, and show are the best methods of simplifying.
These three are also known as straight wagers and are rookie friendly since they are pretty simple to understand and use. Also, all three are required a minimum bet of $2, but some bookies accept a minimum of $1 for a bet. Here’s a closer look at the three basic wagers.
The “Win” betting option is probably the most simple one in the horse race betting world. In this type of bet, you place your money on a specific horse to win the race. For the bet to be won, your horse pick must finish in the first position. Simply said, If you bet on them to win you get paid only if they win the specific race. However, to place a successful you need to do your research and analysis. For instance, statistical data, jockey background and current success, the state of the horse, information about the horse are all essential information that can give you proper guidance about how to pick the right horse.
The second option that you should consider is the betting concept “Places”. Although the name might be associated with some more broad betting platform, the reality is that this is also a very simple horse race betting concept. To be more specific, you are betting that the horse will finish 1st or 2nd. And you only get a proper payout if the horse that you have chosen finishes the race on the first or the second spot. However, it is important to emphasize that when you bet on place, your payout is significantly lower when compared to the “Win” betting option.
The “Show”is the third basic betting option and offers three different options for winning a horse race bet. Yet, the main confusion here is that Show means that you are only betting that the horse will finish the race 3rd. On the contrary, Show is a bet that the horse will finish third but does not necessarily mean it must finish third, but rather in the first, second or third position. This is also the easiest of the three straight wagers to cash. Once again, that is because it requires that your horse selection finish first, second, or on the third position.
Nevertheless, you should be aware that the payoffs can be very low since it is the easiest form of the three basic betting options. So it is safe to say that “Show” bets are ideal for beginners with a low-risk threshold. But when if you are an advanced bettor you might not be able to cash as you would like.
How to Bet on Horse Racing
Learning how to bet on horse racing can be a very smooth process if you start with the win, place, and show wagering.These are the most straightforward bets to understand and can have you up and wagering on the races in no time. If you learn the basics, you might have enough
to get you to the next level of betting. However, you should still know how the bets are paid off, the meaning of the odds and the different tactical approach that you can use so that you are ahead of the game. Simply said, the more you know about these basic wagers, the better chance you’ll have of winning your wagers with some notable payouts.
Basic Wagers and Value
The three basic wagers might not be a game-changer for the new bettors. But at the end of the day, they can certainly offer a broad spectrum of benefits. Most notably betting on horses to win, place or show brings great simplicity of the wager itself. That can be very important so that the rookie bettor can have a positive and stress-free betting experience.
In the same time, these three basics are an indivisible part of your betting progress. Moreover, you will be able to learn the tricks and you will learn how to use the data.
Ultimately, the basic bets can be your stepping stone into the horse race betting world.
In other words, they can offer good value for those that are beginners.
The Bottom Line
All in all, the prospect of betting on horse races is a great opportunity to earn money on the fast track. With these basic betting options, you can start your betting journey with a low-risk threshold. And while winning the lower payouts might not be exciting for some, it is still something that will increase your excitement at the ponies. After all, horse racing betting should not be a confusing matter no matter which bookmaker you use. That is why you should start your horse race betting journey today. And this Brokerstorm expert advice should be your guideline for getting familiar with the horse race basic betting models.