Horse race betting is one of the most popular types of sports betting in the world and is the only type of sports betting legal in India. However, for those who are not so well versed with terminologies, here are some of the most common ones that you should know. Horse race betting terms explained: Quick guide.
Check out the must-know terms right here.
Horse race betting terms explained: Quick guide.
Win: The most common type of bet placed on the races, predicting the winning horse.
Place: A bit easier than predicting the winning horse, to win the place bet, your horse will have to finish either in the first or the second place.
Show: The easiest of the basic bets, if your horse finishes in the top three, you will win this bet. However, the returns are often the least in this type of bet.
Moving on to the more `advanced´ or exotic type of bets
Trifecta: Picking the top 3 horses, and their exact order at the finish line.
Superfecta: Correctly picking the top 4 finishers in order.
Ante-post: Placing your bets well before the race day, without having the exact knowledge of who the starters will be.
Each way: It’s a type of a combination bet, where half of your stake is wagered on the horse to win, and the other half of the stake is wagered on the horse to finish.
Lay bets: More common on the betting exchanges rather than on the sportsbooks, it is a bet placed on a horse predicting it `not´ to win.
Matched bets: Betting on two opposing outcomes for the same event, is a popular way of guaranteeing a profit, no matter what the result.
Tote: Short for totalizator, it is a type of pool betting, where all the stakes go into a common pool, and the winnings are dispersed at the end of the race. The odds are variable for these types of bets.
Keep this ‘horse race betting terms explained: Quick guide' as a tool to help understand horse racing betting.