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Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members. By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century.
In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.
The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet. Betting on horse racing in the UK is wide and varied. In there were 8. From Wikipedia, the free encyclopedia.
Main article: Glossary of bets offered by UK bookmakers. Anderson; Ian S. Blackshaw; Robert C. Siekmann; Janwillem Soek 28 October Sports Betting: Law and Policy. National Thoroughbred Racing Association. Archived from the original PDF on Retrieved The Art of Manliness.
Win So Much Money at the Racetrack". Raceform Limited. South China Morning Post. Australian Institute of Family Studies. Australian Gambling Research Centre See: Gambling games. Gambling mathematics Mathematics of bookmaking Poker probability.
See: Gambling terminology. Casino game Game of chance Game of skill List of bets Problem gambling. Category Commons Wiktionary WikiProject. Categories : Wagering Horse racing Sports betting. Hidden categories: All articles with unsourced statements Articles with unsourced statements from May Articles with unsourced statements from May Namespaces Article Talk.
Views Read Edit View history. Eliminate any horses that don't have a speed near that of the fastest horse. Want more quizzes? Keep testing yourself! Part 2 of Get familiar with your track, the tracks being simulcast, and get your papers. With your umbrella and binoculars in hand, get going to your track. The cost is usually 50 cents. Tracks often simulcast from other tracks, too. Buy a Daily Racing Form.
This form is the most important weapon in a handicapper's arsenal. It provides detailed information on each horse running in the day's races. As you get better and better you'll need less and less time, but for now work at least a few races in advance. Being patient and doing your homework will increase your odds like little else. Familiarize yourself with different types of bets. When you go up to window, you need to know what you want! Here are your basic options: Show — your horse can get 1st, 2nd, or 3rd and you win Place — your horse can get 1st or 2nd and you win Win — your horse must get 1st to win Quinella — bet 2 or 3 horses to finish 1st or 2nd, in any order Exacta — bet 2 horses that must finish in 1st and 2nd in exact order Trifecta — bet 3 horses that must finish in 1st, 2nd, and 3rd in exact order Superfecta — bet 4 horses that mush finish in 1st, 2nd, 3rd, and 4th in exact order.
Know your odds and payouts. Consider: If a horse was recently claimed, or bought. If someone is willing to shovel out a chunk of change for a horse, they probably have potential. If there are any recent equipment changes. The owner is zeroing in on how to improve their horse's chances. Look at her workout speeds. Are they consistent? If she's running at the same speed every day, she's probably in top form. Consider the gender and breed. Generally speaking, males are faster than females.
Only three fillies females have ever won the Kentucky Derby, for example. Consider working out of two pockets. Any good bettor sometimes bets big and sometimes bets small. To keep yourself going and to keep from being bored between races you're very excited about, have a smaller pocket to work out of. Betting, quite frankly, in any arena, can be dangerous. It's always important to know when to stop. Having 2 separate pockets can help you keep your head above water, too.
Place your bets at the window and later collect your winnings. Remember this order: racetrack, race, dollar amount, bet type, horse number. Check your ticket before you leave the window, just to make sure it's correct. The racetrack is specified as many tracks are likely simulcast at the track you are currently in. Part 2 Quiz What horse might you consider betting on?
A recently purchased horse. A horse with inconsistent race times. A horse bred from unknown parents. A female horse. Part 3 of Track your own records. Just like you would if you were playing poker, keep track of your own performance. Where do you seem to be making assumptions that aren't correct? What tidbits are you missing, resulting in betting on the wrong horse? What are you strong points? Knowing how you bet can help you overcome any personal weaknesses, too. When you go to the track, bring a pen and paper with you or a type of scorecard, just like avid fans of other sports do.
Keep track of the results in addition to how you bet to jog your memory later. Establish what types of bets produce the highest returns for you and make them the focus of your wagering. Determine what types of races you have the most success with and which you can't decipher.
If you conclude that you seldom pick winners on turf, avoid betting on grass races until you improve your handicapping. Read books on the subject. You don't have to depend all on your own ingenuity and ability to see outside the box — this is a very established field, so take advantage of it. Read reputable books about the art of horse racing. Knowing the strategy behind it like the back of the hand is one of the best things you can do for your odds.
Of course, a lot of what's out there is just a giant scam to get your money. Research the author and preview the book before purchasing. Some people are out to make a dollar however they can. Attend workshops or seminars. Some tracks hold monthly or even more regularly seminars or workshops on horseplaying. They'll be full of tips and tricks, where you can meet other aficionados, too.
To find this information, just inquire at your track. You're likely get put on an email list for their newsletter that will be full of the necessary information. Bet with friends. There's such a thing as a "parlay bet" and it can make betting on the horses even more fun.
Then, each person picks 1 horse to show on a certain race. Place the first bet, and then if you win, place the next bet including the winnings. Make sure the winnings and the losses get split evenly. Have everyone agree to a basic set of guidelines before participating in any betting. Some people may argue that they won while others lost — establish protocol before this happens. To get to this level, this basically has to be your job. But don't quit your day job just yet!
Again, any type of gambling can be dangerous. Try to set yourself a limit — if you hit that point, you'll walk away. It's to easy to get into trouble in situations like this; always be looking out for yourself. Remain dispassionate when betting. Increasing the size and scope of your wagers to try to recoup losses often only results in more losses. Even the best horse players sometimes lose; they accept it as part of the game. What winning horse players don't do is wager recklessly when their emotions get in the way.
Part 3 Quiz How can reading books on horse racing help you become better at betting? Books will tell you which horses tend to race well. Books will teach you new strategies and tips. Books will explain why certain racetracks are the best. Carrying around a book on racing will make you look like you know what you're doing. Being a jockey is very demanding, it requires extreme strength in the core and a passion for horses, and you must be very lightweight.
Start competing with your own horse at small scale races, if you're good, you're bound to attract attention. Not Helpful 0 Helpful 6. If you are betting 4 horses to finish 1st, 2nd, 3rd and 4th in any order, the wager is called a "superfecta box". Not Helpful 0 Helpful 4. With horse riding, you are just riding the horse. With horse racing, you are racing the horse around a track for money.
Not Helpful 1 Helpful 3. It depends on how much the owner, or whoever hired the jockey, wins. It also depends on how much that owner will pay. Not Helpful 4 Helpful 4. My personal opinion is low price claimers. They are not consistent winners so it is a little easier to spot a horse that is improving and see the horses that are in a rut. Often these horses have patterns you can spot in past performances in the drf but pick your track and try to watch the races everyday if possible.
There is nothing better than getting to know the horses and jockeys. Not Helpful 10 Helpful 6. During a race, a horse is said to be "boxed in" if other horses surround him and he can't break away from the herd. If your horse gets "boxed-in," he and your wager are in trouble!
Not Helpful 3 Helpful 2. Not Helpful 22 Helpful 2. Look at the performance so far of the different horses. Have they won races already? At the same distance as in this race? Carrying the same or less or more weight as in this race? With the race track in similar condition as in this race muddy or bone-hard dry or pouring rain, etc? Some horses perform well on muddy tracks but poorly on dry tracks, etc.
Take it all into consideration and choose your bets accordingly. Luck plays into it as well, of course, otherwise it would be too easy to predict the winner of a race. Not Helpful 0 Helpful 1. Unanswered Questions. How do I check my racing ticket online? What's the best way to play when horse racing? What are the best percentages per bet for my returns? What is to come with horse racing bets? Include your email address to get a message when this question is answered.
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We started playing horses in the 80s. We have been thoroughbred breeders, owners and handicappers for many, many years. Information provided on this website intended to help the casual horseplayer. Please gamble responsibly. Your contribution will allow us to continue to support this site. Powered by GoDaddy Website Builder.
February NW Performance pdf Download. January NW Performance pdf Download. December NW Performance pdf Download. November NW Performance pdf Download. October NW Performance pdf Download. September NW Performance pdf Download.
August NW Performance pdf Download. About Us We Select Winning Horses We are a small group of horseplayers that use proprietary software to identify key thoroughbreds that may be a winning wager in upcoming races. We Have Experience We started playing horses in the 80s.
Navigating through online horse betting websites can be difficult. Especially if you are an American player. Good thing, the world is morphing into a more online, electronic interface. Making online horse betting easier to navigate.
Horse betting online took rise in the s. Before that horse gambling had to take place on the tracks. As the internet developed, so did online betting horses. Now, almost all major race tracks have their betting platform. Allowing bettors to place live bets from anywhere in the world. Because of the variety of betting websites.
Serious racebooks will use incentives to catch your attention. Encouraging you to place better or more bets. Betting online is a convenient way to bet on horse racing. It can be done anywhere, and at any time. If you schedule doesn't allow you to make a trip to the track, online is perfect. Finding the best horse racing gambling site is a personal choice. Everyone has a different incentives that attract them.
Every betting website will offer different bonuses and rewards. Make sure you bet on the Kentucky Derby. That's because betting on the Kentucky Derby is a great way to get a good return on investment. However, Horse racing betting sites got a carve-out.