Betting has been a considerable investment, which people have been going in and about for a long time. The right amount of investment is formed through proper calculation, analysis and the amount one is willing to spare. In such a scenario, one of the most common things people bet on is horse races. If you’ve been to a track, then you would have recognised people dressed up in good clothes, keeping a keen eye for particular horses and consulting a few other people. This might have brought in the excitement in you, and you would have even considered betting on your own. So, this article is for all those who want to learn about betting on horse racing.
How to Place a Bet
Before we go into all the different types of betting, you must first learn how to bet on a horse race. The procedure involved in the process is not hard to understand as the terms are in simple layman language.
1. The Name of the Track
The process begins when you choose a track and place where you want to place your bets. As a first step, naming the track should be done based on the level of knowledge you possess about the particular track.
2. The Number
Once your done naming the track, the next move will be to choose the number of the race you want to bet on.
3. The Unit
After satisfying the above steps, you must now predict or tell the dollar of the unit which you will be placing.
4. The Type of Wager
The last step in the process will be to state the type of wager which you will be placing. This is crucial, and you should be aware of all the types of wagers available in the market. These steps must be carried out accurately so that you will not be facing any issues later on in the game.
The Types of Wagers
There are always two types of wagers which you can bet on. They are straight wagers and exotic wagers. Understanding the difference between the two is the most crucial part if you wish to avoid any losses.
1. Straight Wagers
Straight Wagers provides you with an opportunity to bet on only a particular horse. Yes, that’s right. With this investment, you can only bet for a single horse and cannot make any further investments. So in this manner, if you bet that your horse will finish first, then you win if the horse does finish first.
2. Exotic Wagers
Exotic Wagers are the flexible kind, wherein you can bet on multiple horses. This is one of the most preferred types of bets in the industry because it helps to increase your profits and reduces risks when compared to straight wagers.