Category: Betting

How to Bet on Horses

How to Bet on Horses

How to Bet on Horses

Watching horse racing at the higher levels of the sport is a wonderful and eye soothing experience. It definitely gives you the adrenaline rush you have been craving for since a long time. In the below article we will gather more knowledge on how to bet on horse racing. 

First and foremost it is imperative to understand the type of horse racing bets:

So there are two types of wagers namely straight wagers and exotic wagers. For a beginner, it is recommended to stick with straight wagers as they are simple and cheap. You select one horse and decide its rank.The straight wager betting starts from $2. In a straight wager, you are allowed to bet only on one horse.

Win: When you are betting that your horse will come in first place. If your horse comes first, you get your reward

PLACE– When you bet on your horse to “place,” you’re betting that he will either come in first OR second.

SHOW– In this, you bet that your horse will come in either in first, second, OR third position. Here you may get a higher chance of winning but the payout for a show bet is lesser than a win or place wager.

ACROSS THE BOARD–  When you bet your horse to win, place AND show it is called the across the board bet or a  “combo straight wager” because it’s three different bets (win, place, AND show) in one. This is more expensive than a simple win/place/show wager. If your horse is in the first position, you receive the win, place, and show money. If your horse finishes second, you earn the place and show money. If your horse comes in the third position, you only receive the show money. 

WIN/PLACE, PLACE/SHOW–Here you can make multiple straight wagers in a single bet. In a win/place bet, you bet your horse to win AND place. If your horse wins, you get both the win and place money. If he finishes second, you get only the place money. Similarly, In a place/show bet, you bet that your horse will place and show and if your horse finishes second, you take all the place and show money; if he comes in the third position, you just get the show money.  

Exotic Wagers: In exotic wagers, you can make multiple bets on multiple horses in a single wager. They are more difficult to win than straight wagers This is classified in the below types:

Exacta:

This happens when you bet that two horses will come first and second in exact order

Quintella:

Here you bet that the two horses will come in 1st and 2nd in any order

Trifecta: this happens when you bet that three horses will finish in first, second, and third in exact order.

SUPERFECTA– In this category, you bet that four horses will finish, first, second, third, and fourth in an exact order

For placing your bet

You need to tell the teller in a definite order for placing your bet. Follow the below order:

 Racetrack and race number (This is needed only if you’re betting on a race at a different racetrack than the one you’re currently situated)

Amount of your bet

Type of bet you are placing

Horse’s program number

Also Read

Famous Sports Betting Conspiracies & Controversies

Famous Sports Betting Conspiracies & Controversies

Famous Sports Betting Conspiracies & Controversies

Sports Betting Controversies

Sports betting has always been controversies’ favorite child. Let us have a look at some of the most talked-about conspiracies and controversies in the history of sports betting.

Sports betting Controversies

“The Black Sox” Conspiracy of 1919

“The Black Sox” Conspiracy of 1919

Happened a century ago, “The black Sox” conspiracy of 1919 continues to be the most talked-about conspiracy in sports history. It has been referenced in many movies and popular books such as The Godfather II.

In the 1919 world series of baseball, eight members of the Chicago white sox were accused of intentionally throwing the series against the Cincinnati Reds. For this act, they were compensated by mobster Arnold Rothstein’s sports betting syndicate. 

Fundamentally, the owner of White Sox(Charles Comiskey) gave rise to the conspiracy. Comiskey had a history of underpaying his employees. A rumor states that the name“Black Sox” was derived from Comiskey’s reluctance to pay for the laundering of player’s white jerseys, leaving them stained with the accumulation of sweat, dirt, and grime.

Due to this, eight players purportedly agreed to fix the World Series for the mob. Though the intention is not clear till date, it is widely believed that the majority of these eight players fixed the series not solely for money, but to get back at Comiskey, too.

Ali vs. Liston, Round II

Ali vs. Liston, Round II

The round two of the 1965 boxing match between Muhammad Ali and Sonny Liston (former heavyweight champion of the world) is one of the most legendary controversies.

Ali was fighting against Liston at St. Dominic’s Hall in Lewiston when he gave Liston a “phantom punch”. The “phantom punch” refers to the blow by Ali due to which Liston was sent in the canvas just under two minutes into the first round. Liston stayed down for 10 seconds, and Ali won the decision on a technical knockout. It was so fast that many in the arena didn’t see the punch, and many reported hearing Ali yell, “Get up and fight, sucker!” in the immediate aftermath. Many believe that Liston purposefully threw the match.

There are many theories as to why Liston threw the match, the most common being the mob pressured Liston to go down as part of an extensive sports betting. 

Battle of the Sexes

The “Battles of the Sexes” was a 1973 tennis match between Billie Jean King (the second-ranked female tennis player in the world), and retired Wimbledon champion, Bobby Riggs. The match was played with an intention to find out whether a top female competitor could hold court with a male counterpart. The winner was set to receive a $100,000 prize.

Though Riggs was overconfident, to everyone’s surprise, king won comfortably 6-4, 6-3, 6-3, This gave rise to a huge controversy. 

This match turned into a very famous Hollywood movie under the same name. Whether it was a conspiracy or not it is not clear, however, this match marks a very significant event in the history of gender relations.