Wagering on Horses
Horse Wagering Methods Comments (0)
Horseracing is a popular American spectator sport. While horseracing has been around for thousands of years it has gained in popularity in modern times due to wagering. Horse betting is placing wagers on certain horses to perform well or win races. The modern way of determining odds uses the parimutual method. Pierre Oller in France first developed this method of wagering in the late 1800’s. The system of betting uses a fixed percentage that is taken out of the total bets placed. This is the amount needed for racetrack operation as well as for the state.
The remaining sum of money is divided among the number of individual wagers to determine the payoff for each bet. These projected payoff amounts are also known as odds. The odds of winning the race continue to be calculated right up until wagering is ended just before the race starts.
There are many different ways to take advantage of wagering on the horses. You can make a straight bet, quinella, trifecta, daily double, superfecta, exacta and pick 3 and pick 6. The most basic of these bets and the most popular among beginners is the straight bet. There are three main types of straight bets – win, place and show. Win is a bet that you place on a horse to win the race. Place means that the horse you choose must come in first or second. Show means that the horse finishes the race in first, second or third place.
Wagering on horses requires some degree of skill and luck. You will need to learn more about the horses in the race to determine what you feel their chances of winning will be. The art of predicting a winner is called handicapping. To learn more about wagering on horses or place bets, visit TVG.com.
Popularity: 3% [?]
admin @ June 16, 2008