Explanation of different horse race bets across America
Horse race betting can be a complicated process if you wish to increase your bankroll. The horses, competition tracks, jockeys and several other factors influence the winning bet during the day. It takes careful studying and analysis to be able to reach to a successful conclusion and be able to individual the contenders from the pretenders. For the novice this article will provide and explanation of horse race betting and a few simple principles to follow to earn at the races.
Horse racing can be like mathematics�calculative. You have to take calculated risks before you go for the big kill. It is very important to get your fundamentals correct if you wish to make some serious money.
There are several types of betting options popularly known as wagers on the competition track. These people can be described as below:
Win: In this basic bet the chosen horse needs to finish first for you to be able to collect
Place: For this your horse needs to finish either on the very first or second place
Show: Here the horse needs to finish either first, second or third for you to win
Exacta: In this wager you play two horses and both the horses must come in first or second place in the exact order as you’ve chosen. It is only then that you can collect your winnings
Exacta Box: In this betting option, you select two horses in the same way as Exacta. However, they if come in either first or second order for you personally to be able to collect.
Trifecta: Again, similar to the Exacta system, here you play three horses instead of two and they have to come first, second and third in the exact order as you have chosen
TrifectaKey: Similar to the Exacta box betting, here you choose three horses. The difference lies that the horse you have chosen to win, called the key horse, needs to come first. The other two horses can come in either order, first or second.
Trifecta Box: You get to play three horses in this wager plus they can come either fist, second or third and you can win
Superfecta, Superfecta Box and Superfecta Key work on the same lines as the Trifecta series the only difference being that you choose four horses instead of three.
The minimum wager on tracks across America is USD$2. However in the case of multiple wagers you can bet as low as 10 cents on some tracks.
Whenever you place a bet at the tracks, all the cash goes into a common wagering pool. It is from this pool that the house takes their own cut for having to pay taxes and other expenses. After these types of expenses happen to be taken the remainder of the money is handed out to the those who win.
After getting a reason of horse race betting and understanding it, it is necessary that you make a betting plan. Now your agenda should be to understand the several betting techniques and get a hang of horse race handicapping.