In today’s world of sports betting, there are numerous options for the average bettor to place a wager. Moreover, many bookmakers tend to promote certain sports as the best betting option. And the reality is that there are opportunities for earning a quick buck. However, one sport that tends to be the platinum standard is betting on horse races. That is why it is from crucial importance to have a proper intermediate horse racing betting guide. Therefore, this article will provide you with some expert tips about how to be successful in betting on horses.
1. Understand the Odds System
One of the main challenges for many people that want to bet on ponies is closely related to the Odds System. What Do Horse Racing Odds Mean is a question that our experts at Brokerstorm do hear. But understanding how to read horse racing odds is simple. To be more specific, odds represent the return that you can expect in case the horse that you placed a bet is successful. Moreover, the odds reflect the specific amount of money bet on a horse. Simply said, the more money that is invested, the shorter the odds. For instance, in case of a horse racing odds that are defined as 5-1, 7-2 and so on, is just an expression of the amount of profit to the specific amount that is invested.
In simple words, an odd of 5-1 means that for every $1 that is invested, the punter gains a $5 profit. This also means if you place a 1$ bet, the total return for a winning bet is $6. Additionally, in case of a horse that is at even money (ie 1-1), it’s $1 profit for every $1 invested or a total return of $2. Or when the odds for a horse are 1-2, then the profit is $1 for every $2 invested in the bet and the total win is $3 as per this scenario.
2. The Exotic Bets
The exotic wagering represents a more complex betting concept. However, this model offers longer odds and bigger payouts. Moreover, betting on a single horse to place, show or win in a specific race, these exotic bets also involve selecting the first two, three, or four horses are available.
The three exotic betting options are
This means that you can predict the first two horses in a race in the correct order.
This means that you can predict the first three horses in a race in the correct order.
This means that you can bet and predict the first four horses in a race in the correct order.
Brokerstorm Exotic Betting Strategies – The Box
The box wagers represent a strategy in which the punter selects several horses and covers all the finishing options available.
For instance, a box exacta with a $1 wagering unit involving horses 1 and 2 in a race costs $2. This means that the bet will be successful in case if the horse 1 wins and horse 2 is second, and if horse 2 wins and horse 1 is second.
You can also include more than two horses to cover more options that are possible. For instance, you can use the three-horse box exacta which means covering all first- and second-place options involving three selected horses.
The Bottom Line
The prospect of betting on horse races can offer a broad spectrum of opportunities. That is why it is imperative to analyze the different strategies and tactics to maximize your winnings. And the Brokerstorm team is firmly dedicated to providing some of the best guidelines about how to place winning horse race bets.