Guide to betting on horse racing
Betting is an integral part of sports; and horse racing is one such sport. Sports betting in general and horse racing in particular always give fans the excitement and excitement of participating.
For truly serious players, horse racing is one of the sports that can be profitable when participating. Despite this, many people still believe that horse racing is quite complicated and difficult to participate.
In horse racing betting, there are many different bet types and levels that players can join. All are quite simple and easy to understand. The most complicated thing in betting on horse racing is the sport itself and betting is different from country to country and depending on the dealer online. Although the basic principles are completely the same. Before starting to bet on horse racing, players need to pay attention to the amount of bets that can be placed and the meaning of the odds. Besides, it is necessary to understand the difference between fixed bets and common wagering, and on different ways of betting. And last but not least, it is necessary to understand the horse that you intend to bet.
Types of bets and odds in horse racing
The easiest way to bet in horse racing, just like other sports betting, is to bet on the horse that will win the race. If your horse wins then you will receive money. However, there are other ways of betting such as bets on horses going to the top, bets on horses that will stand in a certain order, and bets on the results of multiple races in a tournament. All of these ways of betting can be done online on reputable bookies websites such as Mansion88 (M88).
The odds, or price, of a bet are to determine how much you will receive if you win. Let’s go through the examples to understand the odds in horse racing. Odds in horse racing are given in one of three ways: decimal odds, fractional odds, or cash flow odds (moneyline).
For example, the decimal odds are 2.0, for every $1 bet the winner will get $2 back; Decimal odds are 3.0, for every $1 stake, the winner will receive $3. If the odds are less than 2.0, the winner will win less than the bet amount; For example, if the odds are 1.5, the winner will receive $0.5 for every $1 stake.
For example, at odds of 2/1, the winner will receive $2 for each $1 of the PAY against the original bet. So $1 bets with a 2/1 ratio, if the player wins, there will be $3.
Money line odds
Money line bets may be negative or positive. Positive numbers mean that the winner will be equal to that amount based on $100 bets. For example for +300, the winner will get $300 with a $100 wager (plus the original bet). Negative numbers mean that the player will need to bet with that amount of money in order to receive a $100 win. For example for -200, the player will need to bet $200 and if he wins the player will receive $100 (plus the original bet).