A Horse Betting Guide For New Bettors
Horse racing is one of the oldest sports betting areas in the gambling industry. Literally, since man figured out how to ride a horse, another man has been betting on the horse to win a race. If you are looking to try your hand at wagering on the NFL, you should consider horse betting first, as the two sports are a lot closer then you may believe.
In both the NFL and horse racing, the bettor has the option of making one of two types of wagers, a straight or exotic bet. On a straight bet in both horse racing and the NFL, your bet is contingent on the success of one party winning an event outright or according to a number. Conversely, on the exotic wager, your goal is to make a profit off of multiple parties either within the same race or on multiple races. Here is an example of both a straight and exotic bet on the bookie software horse racing circuit.
Win – In a win bet, as the name suggests, your goal is to pick the horse that you believe will finish in first place after the race concludes. If your horse finishes in first place, you win your wager. However, if your horse finishes in second or worse, you lose your wager.
Trifecta – In a trifecta, the bettor is picking three horses to finish in first, second and third in the upcoming race. For you to win your bet, your three horses must come in the exact order you predicted when you placed the bet. If the three horses finish out of sync, then you will lose your bet. Meaning to say, if your three horses finish in reverse order from your prediction, you stand to lose your bet.