Updated: Sep 7, 2022
The Post walks you through everything you need to know about horse racing betting ahead of the Kentucky Derby in 2022. Learn all about the types of bets to place and understand the odds, plus some tips and tricks to get you started.
THE MOST POPULAR HORSE BETTING
The most popular and simple bet in horse racing. Put money on your horse to win the race. The horse you backed must win for this bet to be paid. If the horse finishes first anywhere in the race, your bet is lost.
"Place" is the term for a horse placed second. This bet involves choosing a horse to finish first or second in a race.
"Show" is horse racing vernacular for finishing in the top three of a race. You win this bet if your horse finishes first, second or third.
Across The Board
Some players bet on a horse "across the board" which means they put a certain dollar amount on that horse to win, finish second or third.
Another very poplar bet with regular horse and casual players is an 'exacta'.
An exacta requires the player to select two horses that he believes will finish first and second in the exact order you placed them.
As with the exact, players can also box their triple bets. This means that if you select three horses and they finish 1-2-3 in any order, you win the bet.
This bet is like the exact and the hat-trick, but the bettor chooses the exact finishing order for the top four runners in a given race. How do horse racing odds work?
Horse racing uses fractional odds instead of decimal or US odds. If you have already bet on sports, you know odds like -110 or +200. For fractional odds, these are 10/11 and 2/1.
HORSE RACING BETTING TIPS AND TRICKS
Due to the nature of horse racing, the field is wide open and it's not easy to pick a winner. The Post gives you some tips for placing your horse racing bets, highlighting the most important factors to consider.
Check Out The Coach
Many people think that the horse and the jockey are the most important factors in choosing a winner, but the trainer has a lot of influence.
In general, the cream goes up to the top, so a coach who wins tons of contests and tons of cash prizes can be considered a solid option, but remember there are really good coaches out there who just don't have the same size. stable and therefore do not put the big numbers on you.
The Door Number is Important
Since all tracks in North America are left-handed and quite narrow, gate position is often crucial as you want to be pulled inside the track in turns. Think of it the same way an Olympic athlete would - if you're running on lane 8, you essentially have more distance to run.
Analyze The Horse
We can dress however we want, but that basically comes down to horses. You must research the horse you are betting on. The first and most obvious factor to consider is the horse's experience and performance.
HOW IS HORSE RACING IS DIFFERENT FROM SPORTS BETTING?
Horse racing betting pools are pari-mutuel betting, which differs from sports betting in that bettors do not attempt to beat the house but rather attempt to beat the general public. The key to long term success when betting on ponies is to be disciplined in identifying value in pools.