How to bet on Horse Racing during the Olympics

horse racing

You are probably familiar with the link between horse racing and sports betting. The Olympics is here, and this is a great time to try your luck on your favourite horses. Betting on horses has been a tradition that has dragged on for ages. There’s nothing as exciting as seeing horses come down the backstretch and spotting your horse make a last-second push for the lead. It’s always exciting to hear the fans scream and see the dirt fly as trained horses gallop for the finish line.

Thankfully, many casinos that accept Ethereum and other cryptocurrencies allow customers to bet on horse racing. We encourage you to make it to the track at least once if you are yet to experience it. Seasoned betters eager to bet on horse racing in a crypto casino have come to the right place. This article will teach you all you need to know to get started or improve your horse racing betting skills.

Horse racing betting strategy

There is a rush that comes with winning a horse racing bet after placing a wager. A horse crossing the finish line exactly as predicted is a thrilling experience. However, winning horse racing bets isn’t just a matter of luck or having the coolest name. Experts employ tactics and ideas to create educated decisions that have a better probability of winning.

It’s an added advantage if you develop fail-proof tactics that help you win- even if you don’t win all the time. This strategy may include knowing your horse history, knowing the condition of the tracks, extensive knowledge of the types of available bets, the experience level of the jockey, and more.

Horse racing betting fundamentals

Although it may seem overwhelming at first, a horse racing bet is a relatively simple business once you understand the terminology. There are two types of bets: straight and exotic bets. Straight bets involve only one horse in a single race, while exotic bets involve many horses on a single horse race betting ticket.

Straight bets are divided into three categories: win, place, and show, and we’ll go over each of them separately.

Win, Place, and Show

Horse racing bettors can keep things as simple as possible by adopting the win, place, and show betting formation.  You only need to be concerned about one horse in a single race. Subsequently, these “straight” bets give you the best winning chance on sports betting websites or at the racetrack if that’s what you prefer.

All these betting slang and phrases can be a bit enormous for horse racing newbies. That is why those who are just getting started should stick to the “win, place, and show” style of betting. As you wager more, you’ll discover that those wagers have a lot more to offer, whether you’re a novice or a seasoned horse racing handicapper.

Consider how each of these single-horse wagers works:

  • Win: This works when your chosen horse comes first in the official order of finish.
  • Place: This works when your chosen horse comes in first or second in the official order of finish.
  • Show: This works when your chosen horse wins first, second, or third in the official order of finish.

It’s worth considering the phrase “official order of finish.” There are times when horses appear to cross the finish line in a given order, but that order may be modified by judges or stewards owing to a rule violation during the race. As a result, never abandon a race before it has been declared official.

In the United States, the minimum stake on any win, place, or show bet is usually $2. You might be able to discover some tracks or betting companies with a lesser minimum, but the usual is $2. Bear in mind that you can also wager over $2 if you want to increase your potential winning.

Bet Types

In the meantime, if you insist on placing exotic bets, consider the following options:

  • Quinella: This type of bet involves a wager on two horses in the same event to finish in either first or second place.  It makes no difference which of your two horses finishes first or second as long as they are in the top two.
  • Exacta: An exacta bet is similar to a quinella bet, only that the horses must finish in the same order. You get to choose which of your horses gets first and which gets second. It’s a big win as long as they win in that sequence.
  • Trifecta: A trifecta bet is identical to an exacta bet, but rather than picking the first and second place horses, you’ll be picking all three. To win your bet, each horse must finish in the precise order that you selected.
  • Superfecta: This is commonly referred to as trifecta on steroids. Instead of selecting simply the top three horses in a race, you’ll be selecting the top four. To win your bet, they must finish in the exact specified sequence.
  • Daily Double: This lets you choose the winner of two races in a row. This is usually presented on the first two or the last two races of the day. Some parks will provide daily doubles that can be played at any time during the day.
  • Pick 3: This wager is similar to the daily double, but it covers three races in a row. Similar to the daily double, several tracks also have rolling pick 3s.
  • Wheel Betting: This bet combines the other bets but allows you to wager on more horses than the bet requires. For example, suppose you believe that horse #5 will win, but you’re unsure if horse #6 or #9 would finish second. You might place a wheel bet on an exacta in which you win if horse #6 or #9 finishes second and horse #5 wins.

I hope you enjoyed this post and thanks for reading as there is no doubt that you are well-prepared to place your first wager at the racetrack by now. It helps if you take advantage of online racebook incentives to the fullest extent possible.

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Narciso Baldo is the Director of Texas Hold'em Questions and Head Coach too. He has been playing poker for over 16 years. After spending many years as a professional, he now runs UK poker training site Texas Hold'em Questions. Narciso regularly writes poker articles sharing tips, strategy, news and experience with gambling enthusiasts. Narciso also guest writes for reputable gambling portal Casino City Times, (bio here). Contact: info@texasholdemquestions.com