How To Place A Bet On Horse Racing

1. How To Place A Bet On Horse Racing
2. How To Place A Bet On Horse Racing
3. How To Make Bets On Horse Racing
4. How To Bet On Horse Racing Gta

Like many 40-somethings, I grew up in the era that featured a wonderful television show that my mom would roll her eyes at every time it came on. I can still picture the host: slim with graying hair and wearing a turtle neck shirt with a sports jacket, a vision that still comes to mind when I think of what a professional gambler should look like. That tacky ‘70s intro music and the spinning roulette wheel meant only one thing — it was time for John Patrick and So You Wanna Be a Gambler.

My friends and I would sit in front of the television and watch John Patrick, who embodied every trait we could have imagined when we thought of a professional gambler, in awe. Looking back at an old episode on blackjack that we managed to record on VHS, Patrick did break the game down to a beginner's level, but offered enough wisdom that even someone with advanced skills would find something to take away.

Going to the track for a new horseplayer can be intimidating. As the tote board counts down the minutes to post, one can sense the increased hustle and urgency of the other horseplayers that are now lining up to place their wagers. Nothing is more frightening than going to the window for the first time with some person behind you cursing that you are taking too long and a teller that isn't sure what bet you are trying to place and not knowing how much it is going to cost you!

Basic things you need to know to place a bet:

How To Place A Bet On Horse Racing

In a win/place bet, you're betting your horse to win AND place. If he wins, you collect both the win and place money. If he finishes second, you collect just the place money. In a place/show bet, you're betting that your horse will place and show. Bet you have questions on how to wager in horse racing. Learn with this step-by-step guide how to place a bet using either the self-service machine or betting window. The bookies will typically be organized into a betting ring where each bookmaker displays colorful banners and digital signs which list the racing odds offered for each horse. You will approach the bookmaker and tell him the bet you wish to place. Betting at the Horse Track in the US. Parimutuel betting is what drives American horse racing.When you visit a live track in the US you will see that a large portion of the facility, aside from the track itself, is devoted to live tellers and automatic betting kiosks. This bet can be used with all bets except Win, Place and Show, an can be wagered in $1 increments. Please consult the front of the live program, a teller or a self-bet machine for cost of box wagers as each additional horse adds to the cost.

Track
What track are you playing? Tracks offer simulcasting of other race tracks, so you need to be clear what track you wish to wager on.

Race
What race number are you playing? You can play any race at any time, not just the current race, so you will need to be clear on what race number you plan to play.

Bet Type
are you planning to play? Not every wager type is offered on every race. Win, place, and show wagering are offered on most races, but if the field is small or there is a huge favorite, the track may elect to drop the show wagering so that the show pool does not go negative. In the case of a negative pool, the track must provide the minimum payoff ($2.10 for a $2 wager, although some tracks have a $2.20 minimum), regardless of what the payoff should actually be based on the percentage of money in the pool for that horse.

If you want to play the horse 'across the board' (win, place and show), you just need to call out 'win-place-show' while placing your wager. A $2 bet across the board will cost $6 — $2 to win, $2 to place and $2 to show. You can also place a wager to win-place, win-show, or place-show.

Some tracks will have different names for the same wagers. Mountaineer uses the term perfecta for an exacta. Canadian tracks, such as Woodbine, use the terms exactor for exacta and triactor for trifectas.

There are other bet types available that have their own sets of qualifications which vary from track to track. Some tracks feature a quinella. This is a wager that is like an exacta, but you do not need the horses to finish in exact order. It is the equivalent of playing an exacta box on those two horses (and pays accordingly). New York tracks feature a wager called the Grand Slam. This wager is much like a pick-4 except you need to select a horse that finishes in the money (first, second, or third) in the first three races in a row and then have the winner in the fourth and final race. Some California tracks offer the Place Pick All. In this wager, you must pick a horse for every race of the day that finishes in either first or second place.

Wager Amount
How much money are you going to bet? Tracks often have varying minimum wagering amounts by bet type, but generally the minimum amount for a win, place or show bet is $2. The program or past performances will offer a menu of available wagers and minimum amounts for each race.

The available wagers will not list out win, place or show unless one of them is not offered. The example above lists the daily double and exacta without a dollar value. This means that the smallest wagering amount is $2 but if you play many combinations, most tracks offer a base wager amount of $1. Since the other wager type minimums vary from the standard $2 value, the minimum is then noted with the wager type — $0.50 for the trifecta, $0.10 for the superfecta, and $.50 for both the pick-3 and the pick-4. The Super High 5 is like the superfecta, just requiring the top five horses in exact order versus the top four horses for the superfecta. The various ways of playing exotic wagers (exactas, trifectas, superfectas, etc.) will be discussed in an upcoming article in this series.

Putting it All Together
Once you know what track, race, horse, wager, and amount you plan on playing, it is time to place a bet. When you get to the teller, you would say something that sounds like this: 'Monmouth Park, race two, $2 to win on the number six.'

Always state the track name first, followed by the race number, the amount of the bet, the bet type and, then, the horse.

Advice
After placing a wager, always check to make sure that your ticket is correct. If not, return it to the teller and have the erroneous ticket cancelled.

Have your cash ready when you get to the window. You should figure out how much your wagers will cost before you get in line to place your bet. As a courtesy to the other patrons, having your cash ready will speed up the line as the clock ticks down to post time.

How To Place A Bet On Horse Racing

If you are unsure about what to do when betting, try to place your wagers early. The tellers will be more helpful and the other patrons are generally more understanding at 10 minutes to post than they are at one minute to post.

You can also use the self-betting terminals that often appear mounted to the walls or in place of a live teller in a window. For these you need to get a voucher from a teller first or find a unit that accepts cash. You place your bet through a touch screen and do it in the same manner you would with a live teller. You first select the track, the race number, the type of wager, the wager amount, and the horse. Once you press finish, your ticket will print, along with any unused money in the form of another voucher.

Some tracks also offer betting assistant windows to answer any wagering questions. Monmouth Park offers an 'Ask Me How to Bet Tent' in the family-friendly picnic area and roving Racing Ambassadors on Saturdays and Sundays during live racing. These volunteers are there to provide help with both betting and handicapping.

In future articles within this series, we will discuss exotic wagers in more detail. We will discuss the terms, how to say what you want to wager, and how to figure out what that wager will cost. By preparing and knowing what you want to do, placing your first wager will be a piece of cake!

Get up to a $500 New Member Bonus

BUSR is the best site to bet on horses. Why? Because, all new members will get up to a $500 bonus for joining and you can also qualify for an extra $150 bonus!

Odds on the Democrat Nominee for the 2020 Election according to Bovada Sportsbook. Updated on July 20, 2020. US Presidential Election 2020 - Democratic Candidate Joe Biden -2500 Hillary Clinton +1600 Michelle Obama +2500 Andrew Cuomo +2800. Odds on the Democrat Nominee for the 2020 Election according to Bovada Sportsbook. Updated on June 28, 2020. Vegas odds democratic nomination. Not only are candidate odds changing with the pandemic, but Vegas election odds have also been affected by the Coronavirus. Democratic Presidential Candidates for 2020 The field of Democrats running for the 2020 Presidency currently has eight (8) candidates participating.

Start your horse betting with BUSR today!

How To Make Bets On Horse Racing

Place - Your horse must come in first or second.

Next to the win bet, the Place wager is one of the oldest and most traditional. With a place wager, your horse must finish first or second. The wager pays the same whether your horse wins or not.

Place and Show bets are much more conservative , as you are giving yourself room for error since your horse can finish first or second, or first, second or third in case of show. However this means that the payoffs are a bit lower since you are sharing the place payoff with another horse or two. They are are most commonly used along with other wagers, such as 'win and place', 'across the board' or 'win, place, and show', or 'place and show'.

Place payoffs and results
Place payoffs typically pay between $3.00 and $10.00, but can pay more with longshots and less with overwhelming favorites. Since the money you win in a place bet is generated by all of the money bet on the losing horses, the more horses in the race the greater your chances for a larger place payoff.

Reading the Tote Board
One important distinction is that the Place pool is an entirely different pool than Win. This means that horses may be bet differently in each of the pools. In a place wager, because you don't know which other horse will place, it is difficult to predict your potential place payoffs. But, by comparing the place dollars to the win dollars, you can check the percentage of dollars on your horse to place.

How To Bet On Horse Racing Gta

For example, looking at the #1 horse below, we can see that he has approximately 10% of the win pool, with $2,011/$20,000 = 10%. If we use the Win odds to as a yardstick, we would expect that the #1 would have about 10% of the Place pool bet on him, or $1,000 of the $10,000 Place pool. However, we can see that #1 has only $622 bet to place, or closer to 6% of the pool. This means that the #1 is paying better odds in the Place pool. The #1 is 8-1 to Win, but he is being bet like a 14-1 in the Place pool and will pay more accordingly.

Race
What race number are you playing? You can play any race at any time, not just the current race, so you will need to be clear on what race number you plan to play.

Bet Type
are you planning to play? Not every wager type is offered on every race. Win, place, and show wagering are offered on most races, but if the field is small or there is a huge favorite, the track may elect to drop the show wagering so that the show pool does not go negative. In the case of a negative pool, the track must provide the minimum payoff ($2.10 for a $2 wager, although some tracks have a $2.20 minimum), regardless of what the payoff should actually be based on the percentage of money in the pool for that horse.

If you want to play the horse 'across the board' (win, place and show), you just need to call out 'win-place-show' while placing your wager. A $2 bet across the board will cost $6 — $2 to win, $2 to place and $2 to show. You can also place a wager to win-place, win-show, or place-show.

Some tracks will have different names for the same wagers. Mountaineer uses the term perfecta for an exacta. Canadian tracks, such as Woodbine, use the terms exactor for exacta and triactor for trifectas.

There are other bet types available that have their own sets of qualifications which vary from track to track. Some tracks feature a quinella. This is a wager that is like an exacta, but you do not need the horses to finish in exact order. It is the equivalent of playing an exacta box on those two horses (and pays accordingly). New York tracks feature a wager called the Grand Slam. This wager is much like a pick-4 except you need to select a horse that finishes in the money (first, second, or third) in the first three races in a row and then have the winner in the fourth and final race. Some California tracks offer the Place Pick All. In this wager, you must pick a horse for every race of the day that finishes in either first or second place.

Wager Amount
How much money are you going to bet? Tracks often have varying minimum wagering amounts by bet type, but generally the minimum amount for a win, place or show bet is $2. The program or past performances will offer a menu of available wagers and minimum amounts for each race.

The available wagers will not list out win, place or show unless one of them is not offered. The example above lists the daily double and exacta without a dollar value. This means that the smallest wagering amount is $2 but if you play many combinations, most tracks offer a base wager amount of $1. Since the other wager type minimums vary from the standard $2 value, the minimum is then noted with the wager type — $0.50 for the trifecta, $0.10 for the superfecta, and $.50 for both the pick-3 and the pick-4. The Super High 5 is like the superfecta, just requiring the top five horses in exact order versus the top four horses for the superfecta. The various ways of playing exotic wagers (exactas, trifectas, superfectas, etc.) will be discussed in an upcoming article in this series.

Putting it All Together
Once you know what track, race, horse, wager, and amount you plan on playing, it is time to place a bet. When you get to the teller, you would say something that sounds like this: 'Monmouth Park, race two, $2 to win on the number six.'

Always state the track name first, followed by the race number, the amount of the bet, the bet type and, then, the horse.

Advice
After placing a wager, always check to make sure that your ticket is correct. If not, return it to the teller and have the erroneous ticket cancelled.

Have your cash ready when you get to the window. You should figure out how much your wagers will cost before you get in line to place your bet. As a courtesy to the other patrons, having your cash ready will speed up the line as the clock ticks down to post time.

How To Place A Bet On Horse Racing

If you are unsure about what to do when betting, try to place your wagers early. The tellers will be more helpful and the other patrons are generally more understanding at 10 minutes to post than they are at one minute to post.

You can also use the self-betting terminals that often appear mounted to the walls or in place of a live teller in a window. For these you need to get a voucher from a teller first or find a unit that accepts cash. You place your bet through a touch screen and do it in the same manner you would with a live teller. You first select the track, the race number, the type of wager, the wager amount, and the horse. Once you press finish, your ticket will print, along with any unused money in the form of another voucher.

Some tracks also offer betting assistant windows to answer any wagering questions. Monmouth Park offers an 'Ask Me How to Bet Tent' in the family-friendly picnic area and roving Racing Ambassadors on Saturdays and Sundays during live racing. These volunteers are there to provide help with both betting and handicapping.

In future articles within this series, we will discuss exotic wagers in more detail. We will discuss the terms, how to say what you want to wager, and how to figure out what that wager will cost. By preparing and knowing what you want to do, placing your first wager will be a piece of cake!

Get up to a $500 New Member Bonus

BUSR is the best site to bet on horses. Why? Because, all new members will get up to a $500 bonus for joining and you can also qualify for an extra $150 bonus!

Odds on the Democrat Nominee for the 2020 Election according to Bovada Sportsbook. Updated on July 20, 2020. US Presidential Election 2020 - Democratic Candidate Joe Biden -2500 Hillary Clinton +1600 Michelle Obama +2500 Andrew Cuomo +2800. Odds on the Democrat Nominee for the 2020 Election according to Bovada Sportsbook. Updated on June 28, 2020. Vegas odds democratic nomination. Not only are candidate odds changing with the pandemic, but Vegas election odds have also been affected by the Coronavirus. Democratic Presidential Candidates for 2020 The field of Democrats running for the 2020 Presidency currently has eight (8) candidates participating.

Start your horse betting with BUSR today!

How To Make Bets On Horse Racing

Place - Your horse must come in first or second.

Next to the win bet, the Place wager is one of the oldest and most traditional. With a place wager, your horse must finish first or second. The wager pays the same whether your horse wins or not.

Place and Show bets are much more conservative , as you are giving yourself room for error since your horse can finish first or second, or first, second or third in case of show. However this means that the payoffs are a bit lower since you are sharing the place payoff with another horse or two. They are are most commonly used along with other wagers, such as 'win and place', 'across the board' or 'win, place, and show', or 'place and show'.

Place payoffs and results
Place payoffs typically pay between $3.00 and $10.00, but can pay more with longshots and less with overwhelming favorites. Since the money you win in a place bet is generated by all of the money bet on the losing horses, the more horses in the race the greater your chances for a larger place payoff.

Reading the Tote Board
One important distinction is that the Place pool is an entirely different pool than Win. This means that horses may be bet differently in each of the pools. In a place wager, because you don't know which other horse will place, it is difficult to predict your potential place payoffs. But, by comparing the place dollars to the win dollars, you can check the percentage of dollars on your horse to place.

How To Bet On Horse Racing Gta

For example, looking at the #1 horse below, we can see that he has approximately 10% of the win pool, with $2,011/$20,000 = 10%. If we use the Win odds to as a yardstick, we would expect that the #1 would have about 10% of the Place pool bet on him, or $1,000 of the $10,000 Place pool. However, we can see that #1 has only $622 bet to place, or closer to 6% of the pool. This means that the #1 is paying better odds in the Place pool. The #1 is 8-1 to Win, but he is being bet like a 14-1 in the Place pool and will pay more accordingly.

This is like bargain shopping, when we get the value of a larger payoff when it 'should' offer a lesser payoff. The 'should' is based on the assumption that the Win odds are more correct that the Place odds. This is a logical assumption, however, since the Win odds are easier to see and more attention is paid to them, it is more likely that the Win odds are a truer reflection of the horse's chances. Keep in mind that if the #1 wins he will still pay more to win than to place (because Place has to be divided with another horse), but the #1 is a good value in the Place pool. In this case, it might make sense to bet the #1 only to Place.