horseracing

Information about horses, jockeys, courses, use the resources on this page to get more satisfaction when taking the bookie to the cleaners.

Betting on horse races means you're utilizing parimutuel betting. Essentially this is where all the money bet on a particular race is pooled together. The winning amount is determined by the odds that have been calculated by this pool of money. The more money bet on a particular horse means the odds are closer to being even which means a simple pay out. But a longshot bet means that the odds are against the horse winning and therefore the payout is bigger.

You can bet to win, place or show. Making a "win" bet means your horse will have to come in first place. A "place" bet allows the horse to be either first or second. A "show" means your horse needs to be at least first, second or third. Betting "show" is the safe bet which comes with the least amount of payout. Each set of races on a given day also has different betting combinations which allow you to pick winners in different races and increase the payout amount if your horses come in.

There are many other factors that go into determining how to bet on a horse race. First of course would be which type of race will it be? Different horses run at different lengths. Most tracks are oval shape and vary the lengths depending on the race. There are also quarter horse racing which is running a quarter of a mile straight out with out any turns. A handicap race puts all the horses at the same level by adding different weights to the horses.

A good racing form will provide the information of a horse's pedigree and jockey's performance. These can all be factored into your betting strategy as well. Of course, there is also the time test method of random picking by name but that is truly a longshot!