Sports Betting

Horse Racing – Types of Bet

Here is a short guide to understanding horse racing betting types and odds: Types of Horse Racing Bets – The Win A win is where you are selecting a horse to win, sometimes referred to as ‘on the nose’. Types of Horse Racing Bets – The PlaceEven if your horse doesn’t win, you are still in with a chance. You can select a horse to be placed, and in general this means your horse needs to finish either 1st, 2nd or 3rd. For races with 5-7 runners (horses), your horse needs to finish 1st or 2nd. For a race with only 1-4 runners, there is no place betting. In a handicap race with 16 or more runners, your horse can finish 1st, 2nd, 3rd or 4th. Remember though, the place odds will be a fraction of the win price. This is normally a ¼ or a 1/5 (quarter or fifth) of the odds quoted. Al...

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