How to bet on horses and what you need to know about it can be difficult if you don’t know where to start. Horse racing is one of those things that seems to defy the laws of odds. It just seems to go against the general laws of probability. And yet, it is so much fun to wager on horses. So, what can you learn if you want to know how to bet on horses?
First of all, you need to know that there are several different types of bets on a single race. Handicapping is the oldest type of bet, and it still remains popular today. Handicapping is when you handicap a race and pick three or four horses that you think might finish first, second or third. Then, you put a wager on each of those horses, and if they win, you win your bet.
The twin trifecta is another type of wager. A twin trifecta is a wager where you place two bets on the same horses. For example, if you bet the winner and the second place winner, then you’ve made two bets. However, if you also place a second place wager on a runner that loses the second place, then you’ve made a trifecta.
Another type of wager is the exacta bet. An exacta bet is usually placed on very short races where only a few names stand out. You can find many exactly all over the tracks. Most of the time, they’re placed on fairly fast tracks with high class runners.
The exacta bet is like the twin trifecta bets where you place two bets on the same runners. The only difference is that you don’t place your exact bets on the exact runners. The reason that people do this is because it increases their chances of winning big money. However, placing your exact bets on very fast tracks can have the opposite effect. If you do decide to do this, be sure that you know your limits and that you only spend what you can afford to lose. In other words, don’t spend more than you can handle.
Of all the types of wagers, perhaps the most confusing are the straight bets and the exotic bets. Straight bets refer to those that are placed strictly for the purpose of acquiring a profit. Extinct bets, on the other hand, are like any other bet. They’re placed for fun and for the purpose of trying to hit something. They’re different because instead of going after the final price, exotic bets let you try to hit as many prizes as you can.