There are several different types of bets you can place on horse racing events. Knowing what these kinds of bets entail and how to place them will help you to be more successful as a bettor.
Before even beginning to place your bets, you need to do your homework on the horses that can earn you money. You can study reports on individual horses to see what their performance expectations are. You can look at the history of the jockeys who will be running the horses, to see what strengths or weaknesses they might have. You must also pay careful attention to odds given by bookmakers for individual horses, and balance those odds against your other research.
Straight Betting
Traditional betting is often called straight betting. In straight betting, you are picking the horses you think will finish first, second and third, known in the horse racing world as win, place and show. You can either bet on three horses individually to win, place and show, or you can bet on one horse to win, place or show. In the first instance, the exact horses you pick to win, place, or show must place as you have bet on them for you to be successful. In other words, if you pick a horse to show and it actually wins, you have not won.
Across The Board Betting
In the second instance, however, you will have a successful bet if the horse you choose gets either first, second or third place. In fact, if you place a win-place-show bet and your horse wins, you win the odds on each of the three places. If your horse places, you win the odds on the place and show bets. And even if your horse only shows, you will still have won one of your three bets. Betting on one horse for win, place and show is called across the board betting.
This article was contributed by Wes Wiseman.
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