Horse Racing Betting Online

How Does Horse Betting Work? 

Pari-mutuel wagering is used in horse racing. This implies that the public bets against each other rather than the house. The money is pooled, and the more money wagered on a horse to win, the lower the payout for that winning bet. 

The same logic applies to exotic bets like exactas and trifectas, as well as place bets and show bets. The odds on display to you at the time of your wager may also experience a significant shift due to additional money added to the pool. That is, if you placed a bet on a horse with ten minutes left to the post and the odds were 4-1, those odds may change before the end of the race. 

How to Bet on a Horse Race

The following guideline is all you need to start a successful gambling adventure.

• Choose from one of the online horse racing betting sites that we have recommended.
• Create an account on the site and input all the necessary information.
• To make a deposit, go to the "cashier" or "account" page and then select the "Deposit" option from the drop-down menu.
• Choose the mode of payment that works best for you. Then, input the amount you want to deposit. 
• Go to the “horse racing” section and then look for a race or a market that interests you.
• Next, add the stake to your bet slip, then enter the stake and place your bet.
• Your rewards will be added to your account if your wager is successful.

Live Horse Racing Betting vs Simulcast Racing: What’s the Difference?

Bets placed during live horse races offer one of the most exciting opportunities. This allows you to bet on current live events. The live horse racing betting option gives access to various intriguing markets and odds. At the top sites for horse racing betting, gamblers may take advantage of the many in-play betting choices available.

On the other hand, simulcast horse racing refers to watching broadcasts from various racetracks, most of which are live but some of which are delayed. If you cannot attend the event itself, this is an excellent method to keep track of what is happening there. Therefore, while live horse racing betting allows you to watch live events, simulcast racing enables you to watch broadcasts.

Horse Racing Bet Types

There are several horse racing bets available online, but some of the most common ones are:

• Win Bet - A Win Bet requires the bettor to choose just one horse to back in the event of a race. Whoever is the first to cross the finish line wins. 
• Place Bet - A Place Bet entails selecting a horse from a racecard to finish either first or second and when they finish in the top two positions, you get a payoff.
• Show Bet - When you choose a Show Bet, that means you’re wagering on a specific horse to finish in the top three in a given race.
• Exacta Bet - This bet has the simplest structure of all the exotic horse racing bets. You give your vote to the horses you think will finish first and second in the precise order.
• Quinella Bet - Quinella is a type of bet that involves picking the top two finishers in a race regardless of their actual order.
• Trifecta Bet - The Trifecta involves selecting the horses that will come in first, second, and third, in the specific order they will cross the finish line.

What Is the Best Bet on Horse Racing?

When gambling on horse racing, the Win Bet is the best option. It requires the least amount of mental effort to comprehend. The win bet is the go-to market for many people, and you’ll easily find it at the most reputable sportsbooks. It is also the market that is the simplest to understand for those placing their first bets on a sport. A winning bet must be placed on the horse to emerge victorious from their competing race. 

What Is the Minimum Bet on Horse Racing?

The betting unit for all bet types is R1, and the minimum bet amount is R6 per bet - which means that if you win, you get the payout six times. The Swinger is the only exception to the R6 minimum bet rule, whose min bet is usually R2.

The Best Horse Racing Events to Look Out For

Below is a list of the top five horse racing events worth keeping an eye on.

Kentucky Derby

The Kentucky Derby, held at Churchill Downs, is a prestigious horse racing event worldwide. It is a Grade 1 stakes fixture for 3-year-old thoroughbreds and is the first leg of the Triple Crown. It usually takes place on the first Saturday in May.

Dubai World Cup

The Dubai World Cup has been played since its inception in 1996. Participants come from different continents to take part in this event. It is a true spectacle and has one of the enormous rewards in the world.

Saudi Cup

The Saudi Cup is a festival of international horse racing. It is held over two days and was first held in 2020. The Jockey Club of Saudi Arabia organises the event. The Saudi Cup is sometimes referred to as the most valuable race in the world. The staggering total prize pool for the 2022 Saudi Cup was $20 million, with $10 million going to the tournament's victor.

Durban July

The Durban July takes place on the first Saturday of July every year. It has been held annually at Greyville Racecourse in Durban, KwaZulu-Natal, since 1897. The Durban July Handicap is held on the turf course and is available to horses of any age. It now offers a purse of R5 million, making it the most important horse racing event in South Africa. 

SA Horse Racing Betting Odds Explained

Fractional Odds

In fractional odds, the second number is the amount of money you would need to wager to win the first number. If the odds are 4/1, you will win R4 for every R1 you wager. Bets that win always recover the original stake, which brings the total return to R5.

Decimal Odds

When dealing with decimal odds, the value of the number indicates the overall payment rather than the profit. The fact that your bet is already factored into the decimal amount makes the calculation of the total payout simpler. The payout for odds of 9.0 can be computed as (9 x R10 stake = R90) minus your R10 stake equals R80 winnings.

Horse Racing Odds and Potential Payouts on a R100 Wager

To help you figure out how much you can earn from a winning bet, we will walk you through an example. In this case, we will be computing your R100 win price. So, if you’re betting on a horse race, take the odds of your horse and multiply the first number by 100. Then, divide that by the second number. Finally, add the value of your bet - RXXX, and that’s it!  

The list of payoffs at various odds we’ve created for you will help you better understand how the odds work. The potential payout includes your original stake.

How to Choose the Best Horse Racing App

The finest horse racing apps for iPhone and Android ensure you are always up to speed with the latest information. These apps supply gamblers with extensive information regarding the horses competing in the race. This could contain the age, weight, previous records, preferred track surface, and a great deal of other helpful information. Some important factors to consider while choosing the best horse racing apps are discussed below.

User Interface

As visual creatures, an app's aesthetics may have a significant impact on whether or not it is downloaded. It is essential to choose an app with a well-designed user interface. A horse racing betting app should be easy to navigate, even for newbies.

Odds and Betting Markets

The finest mobile betting applications for horse races provide users with some of the best odds. In addition, they offer multiple betting markets for punters who are looking for various betting opportunities.

Secure and Quick Payments 

The best horse racing apps provide several reliable payment options that facilitate transactions securely and expediently. You should only choose apps that offer your preferred payment options.

Live Streaming

The importance of watching your favourite horse races via an app cannot be overstated. As a result, offering legal in-app live broadcasting is a fantastic incentive. You can also watch free online horse racing from around the world, every day.

Glossary of Horse Racing Terms

Our glossary will assist you in comprehending some common horse racing terms.

• Across the Board: A wager that covers a horse to finish in the top three in the race.
• Furlong: This is equal to one-eighth of a mile. The numbered posts on British race tracks count the furlongs back from the winning post.
• Going: The condition of the racecourse, which ranges from heavy to firm.
• Grade: The level of the competition, with Grade 1 being the highest.
• Handicap: Horses are allocated different weights in Handicap races to make the race more competitive.
• In Running: Refers to events that occur during the course of a race.
• M/L: Morning line opening odds. These are the odds set by the track's handicapper before wagering begins.