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A Guide To Horse Racing $4.99 Excerpt:Horse racing is a sport that is gaining wide popularity in all of the four corners of the world. It is also considered to be one of the most popular wagering games ever made. Usually, the horses that are used in the race are the so-called thoroughbred horses. This sport is characterized as a race where two or more horses ridden by jockeys compete on who’s going to be on the first place i… |
I want to learn about horse racing. I don’t know how to place a bet? I don’t understand all the odds and each?
way stuff. I just don’t want to come across as stuppid. Are there any books or web sites that would be helpful? I have to write a piece for a newspaper on the racing industry and if it makes for a good day out! (Im female and live in the uk)
The British Horseracing Authority, on their website, has a couple of sections on “Guide to Betting” and “Guide to Racing” that should be helpful to you:
British Horseracing Authority homepage: http://www.britishhorseracing.com/generic/general_links.asp
Guide to betting: http://www.britishhorseracing.com/goracing/betting/betting.asp
Guide to racing: http://www.britishhorseracing.com/goracing/Guide/Guidetoracing.asp
If you go through these sections and have more specific questions, you might post those here.
I’m not British, I’m American, and I love racing for the history and pageantry. If you want to write about the horses and history, this is a good website for information: http://www.tbheritage.com/
FWIW, the odds are easy: odds are given as one number followed by another, e.g., 3-1, 5-2, 7-1, etc. Very simply, the first number given is the sum you will win if you bet the second number. E.g., at 3-1, for every dollar or pound or euro you bet, you will win three. Plus you always get the money you bet back. So if you bet 1 pound at 3-1, and the horse you bet on won, you’d win 3 pounds, plus you’d get back the pound you bet. So you’d get 4 pounds: your winnings plus the money you bet.
7-2, if you bet 2 pounds and your horse won, you’d win 7 pounds and get back the two you bet. 4-5, if you bet 5 pounds, you’d win 4 plus you’d get your 5 pounds back. When the number that represents the winning bet, the first number, is smaller than the second number, which represents the amount you would have to bet to win the first number, that’s what’s known as being “odds-on.”
“Even” odds means that the amount you could win is equal to the amount you would have to bet: e.g., 1-1.
The most common, and easiest wagers to understand, are those where you’re betting on a horse to win or finish in the money (in the US, “in the money” means finish second or third. I think in UK it can mean finishing fourth, but I’m not sure). There are multiple-horse wagers, like exactas, where you try to pick the first two horses in the exact order of finish; and there are multiple-race wagers, like the Daily Double, where you try to pick the winners of two consecutive races, and only win if both the horses you named in your bet win.
Best advice you can give to your readers: if they don’t understand a bet, keep their money in their pockets. And not every race is playable, so you shouldn’t try to bet on every race.
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