Betting on horse racing is as popular as ever before and the rise of new age betting platforms has made it easier and more fun than ever to place a bet on horse racing.
For those new to horse racing, there are infinite ways to backup your opinions of a race in the form of a bet, but ultimately it boils down to a handful of bet types which, when understood, provide the foundation for punters to tackle any race with confidence.
The most popular bet is the simple single, whereby you place a bet on the horse of your choice either “to win” or “each way“. Win bets mean all of your stake go on the horse to win, while with an each way bet half the stake goes on the horse to be placed and half on the horse to win.
Next up in horse-racing betting are doubles, trebles and 4-folds, which can expand into bigger “multiples” if you wish. These are popular bets for those wishing to win big for a small stake. If one horse lets you down, the game is up! But should they all win, you'll be quids in. It is worth noting that each way doubles and trebles are also very popular and actually quite a savvy bet in the shorter price ranges.
“Exotic” bets are hugely exciting and provide added insurance that accumulators do not. A Lucky 15 for example is a four horse bet consisting of singles, doubles, trebles and a 4-fold, amounting to a total of 15 bets. So if two of your your horses win, you'll get paid out on the singles and doubles to ensure some return on investment. A Lucky 31 is similar but with six horses and another good one for the more adventurous is in the 147 bet, eight horse “Goliath” bet.
Another basic type of racing bet is the humble forecast & tricast, where punters attempt to predict the first two or first three horses to finish a race. These bets too offer high reward for relatively small stakes, but of course they are much trickier to predict!
Lastly and also very popular, particularly on racecourses, is Tote Placepots and Jackpots. Punters are required to pick a horse or a permutation of horses in up to six races on a particular race card, in search of winning a tasty return if all the horses are involved in the finish.
Of course in horse racing there's also a huge variety of special markets and bet type for you to explore, but master these basics first and build your portfolio of markets to get involved in from there.