Before you go ahead and start placing bets on your favorite horses, you must first understand the basics of horse race betting. In this article, we are going to talk about some common types of horse racing bets available at top sports bookmakers.
You can bet on a horse to win a race. This is probably the most straightforward type of horse racing bets available. If you bet £10 on a certain horse to win the race, for example, you will receive returns if the horse finishes the race first.
You can also bet on a certain horse to place. Betting on a horse to place means expecting the horse to finish in the top 2, 3, or 4 depending on the number of horses competing in the race. With 5 to 7 runners, betting on a horse to place means expecting the horse to finish first or second in the race. With 8 or more runners, the horse you bet on must finish in the top 3. In handicap with 16 or more runners, the horse must finish in the top 4 in order for you to win the bet.
You can bet each way – placing a ‘Win’ bet and a ‘Place’ bet on the same horse – in order to increase profitability. Other types of horse racing bets including the Exacta, Trifecta, Placepot, Quadpot, Jackpot, and many more are also available. We will discuss them in another article, so stay tuned for more updates right here on this site.