There are numerous rules and guidelines when betting on horse races. But, in general, the rules boil down to three basic types of bets: win, place, and show. If you win a race, the winning wager will pay out. If you bet on a horse that won’t win, you’ll lose. However, if you place a show bet and it comes in first place, you’ll get a payout.
Parimutuel betting is the process of placing wagers on horse races in which the winnings are determined by a betting pool. Unlike fixed odds betting, which is determined by the betting pool’s starting price, parimutuel betting does not have a starting price. Rather, the winnings are expressed in dollars and cents once the race has ended. Online bookmakers offer this type of wagering in most countries, including Australia, New Zealand, and South Africa.
Parimutuel betting is a great way to get involved with horse racing online. While it’s most popular in horse racing, the concept is used in other sports as well. For example, you can place bets on a dog race, a US horse race, or an exotic horse race.
When betting on horse racing, placing an each-way bet can be a great way to get a good return even if your selection doesn’t win. You can place each-way bets on short-priced favourites or outsiders. In many cases, you can even bet on multiple horses with each-way bets.
Some bookmakers will pay you extra places for certain races. These extra places will make your each-way bet profitable. You can check the list of races and click on the one that has the extra places.
Exacta, Superfecta, Trifecta, Quinella
There are several types of exotic bets that can be placed on horse races. These include Exacta, Superfecta, Quinella, and Reverse Forecast. An Exacta is a wager that pays out if two or more horses finish in the same order. Exotic bets are more difficult to win than straight bets, but their risk/reward ratio is phenomenal.
If you have a good understanding of the field and know how to correctly predict results, an Exacta wager is a smart way to go. These wagers are more profitable than standard wagers because you can use smaller stakes. Also, if you bet on an exacta, you should stick to the races with fewer participants because too many horses can mess up your bet.
XBet’s parimutuel bookmaker
Horse racing parimutuel betting is becoming an increasingly popular way to bet on horse races. This type of wagering is a little different than traditional fixed odds sports betting and is increasingly attracting new gambling customers. With the help of expert handicappers, you can build a wager based on good handicapping information.
The bookmaker offers parimutuel horse betting for racetracks around the world. You can bet on horse races in Japan, Hong Kong, Australia, UK, Ireland, France, and Sweden. You can also place wagers on horse racing in New Zealand, South Africa, and more.
Other bookmakers that offer horse racing betting
If you are into horse racing, there are many different bookmakers to choose from. Many offer a variety of horse racing betting options, from win markets to each way bets. Some bookmakers offer ante post betting, where you can place your bet days, months, or even a year in advance. This type of betting is popular among serious bettors and can be rewarding, but it can be risky.
The odds on horse racing are often higher on online bookmakers than in land-based shops. Some leading UK bookmakers offer a Best Odds Guaranteed service, which guarantees the best odds on all UK and Irish races. Best Odds Guaranteed eliminates the risk of horse price drift. This guarantee pays out at the original price, whether the odds move up or down during the race.