Horse Racing Betting

Horse racing, also refered to as ‘the sport of kings' is a popular sport world-over, with huge followings in the UK, Ireland and USA.

In the UK alone, there are 59 race courses around the country and plenty of horse racing betting is done throughout the year, almost on a daily basis, with events such as the Cheltenham festival attracting more and more attention each year.

As with any other popular sport, horse racing betting is a culture and an obsession for the sport's followers and people looking to put their handicapping skills to the test.

Handicapping plays a big part in horse racing betting and is often the basis used for choosing the type of bet, determining what horse is the actual favourite for a race and many other horse betting decisions.

With the wealth of information available on the internet, television and in newspapers, on the different horses, jockeys, stables and owners, horse racing betting presents an opportunity to make some money.

However, to make money from betting on horses, you have to bet the value by picking horses that are not over hyped and have good odds while being capable of going the distance.

There are a number of different types of horse racing betting options available, the most common forms being betting on the Tote, spread betting and of course, standard betting.

Standard Betting

Standard horse racing betting has been around for a long while and is probably the most popular type of horse racing betting.

If you are betting online, you can place your bet at starting price (S.P). However, with this type of bet, the odds are set at the start of the race.

Spread Betting

Another popular method of horse racing betting. Some of the bets on offer are Favourites Index, Jockey Index and Winning Distances.

Tote Betting

Bets are placed in a pool with a winning dividend being calculated by dividing the pool amongst the number of winning units after a deduction is made to cover costs, including the Tote's contribution to the race. However, because pool customers bet against each other, you won't know the odds you get on the bet.

Matched Betting

This is a form of standard horse racing betting made popular by the internet which is done without the bookmaker. What this means is that anyone can offer the betting odds. Match betting sites are useful in that when bookies are offering only starting price odds.

Types of horse racing betting options available are win, place, each way, double, treble, accumulator, straight forecast, reverse forecast, tricast, patent, trixie, yankee, super yankee, heinz, goliath, jackpot, place pot and scoop six. And as always good luck with your horse racing betting!