How to Spot the Best Live Racing Odds to Win Big on Every Race
Horse race betting is one of the oldest gambling pastimes in the world. Since the first horses were domesticated, different cultures have engaged in races and people have wagered money on their favorite champions.
by Gail Black Monday, February 28, 2011
It is easier nowadays to see live racing odds. In the past, you have to go personally to the racetracks to view the current racing odds. The odds are normally posted on the totem boards and they change continuously as more bets come in. The information on the totem boards however can now be found online. You can now view live horse racing statistics at the comfort of your home through an online betting exchange or sportsbook. Although online sportsbooks can offer several benefits for the punters, it is still more exciting to witness a live race and place your bets while watching different competing horses.
For purposes of simplicity, a newbie punter should understand the basics of straight horse race betting. In general, straight betting includes bets on the winner, bets to place, and bets to show. Live racing odds on winner bets are stacked-up against the punter. However, this kind of bet is the most lucrative. When you place a bet on the winning horse, it should finish on the first position. This kind of bet should be made if you are very familiar with the horse, the jockey, and the trainer. A bet on the winner may offer less favorable racing odds but this is the favorite of most punters. That is because you stand to gain a lot of money if you make a bet on the winning horse.
If you want to minimize your risks on horse race betting, then you may consider bets to place, and bets to show. Bets to place have relatively favorable racing odds for you. In this kind of bet, your horse should be a first or second place finisher. It offers good odds but has lower prize money for the winner. The most favorable live racing odds can be obtained from bets to show. In a bet to show wager, your horse should at least finish the race in the top three positions. You will be able to collect money even if your horse finishes third place. This is a favorite bet of most beginners because it is relatively less risky.
Understanding the intricacies of horse race betting does not only involve grasping live racing odds. To increase you chance of winning, you need to study each horse that will participate in the races. You have to know the history of the horse and its previous performance on the racetrack. It is also important to get information about the jockey and the trainer. All these factors must be considered carefully so that you can bring home big winnings after the races.
Do you want to know how to accurately read live racing odds ? Getting the latest racing updates, racing odds , and betting guides can increase your chance of winning more bets.
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