When it comes to horse betting, there are a few different options. Some wagers pay out more than others, so be sure to choose wisely.
The most basic form of horse betting involves placing a bet on which horse will win a race. While most gamblers will choose to bet on one horse, there are several ways to place a bet. There are also more exotic bets, such as betting on multiple horses in a single field.
For instance, a trifecta is a bet on three different horses to finish in order. An exacta bet is a bit more complicated, as it requires you to choose two different horses to finish in the same order.
Horse racing betting is an exciting pastime. You can bet online or over the phone. Betting on horses can be fun, but you must understand how the odds work before you can actually profit from it.
Odds are calculated using a formula. They are based on the horse’s previous record, as well as the trainer’s reputation. A high percentage of bets on a certain horse will help to increase the odds of winning.
For example, a horse with odds of 2-1 is a good bet because it means that for every $1 you bet, you will get back $2. This can be translated to a 50% chance of winning.
Horses with better odds have a higher “on the nose” average, meaning they have a better chance of winning. Also, a long shot has a low odds, meaning you will likely get your money back.