Horse Race Betting Tutorial Refresher Course – Part 1
Beginner’s Guide to Pari-Mutuel Wagering
This is the first in a three part series about the particulars of horse racing, how it works, and how to place a bet. In part 1, we’ll start with a description of what pari-mutuel wagering is, types of horse betting wagers, and where your on-track betting dollars go. In part 2, we’ll take a closer look at typical horse racing odds and their payouts, what go to tell the clerk at the window (or an online racebook) when you’re placing your bet, and some betting options such as the “screen activated machines”, or SAMS. Part three features words that you’ll hear at the track and their definition and a sample horse racing program with descriptions. After these tutorials, you should have an idea of what you need to do in order to place a bet in a horse race. Let’s get started:
PARI-MUTUEL WAGERING
Pari-mutuel wagering means, literally, a mutuel wager or “betting among ourselves”. It is similar to a stock transaction. When you buy a $2.00 ticket on a horse you are, in effect, buying one share in the horse’s performance in the race. The race track merely acts as the broker for the transaction and deducts a commission fixed by the state and shared by the state, track, and horsemen. The track’s takeout remains the same, regardless of whether a favorite or a longshot wins.
TYPES OF WAGERS
WIN
To collect, your selection must finish 1st.
PLACE
To collect, your selection must finish 1st or 2nd.
SHOW
To collect, your selection must finish 1st, 2nd, or 3rd.
DAILY DOUBLE
To collect, you must select the winners of two consecutive races.
DAILY TRIPLE
To collect, you must select the winners of three consecutive races.
EXACTA
To collect, you must pick the first two horses to finish in the exact order.
QUINELLA
To collect, you must pick the first two horses to finish, but not in the exact order.
TRIFECTA
You must pick the first three horses to finish, in the exact order they finish.
PICK SIX
Selecting the winners of the last six consecutive races. You must make your Pick 6 wager prior to the first Pick 6 race.
Where your on-track betting dollar goes
(in California):
| Back to the betting public |
80.98%
|
| State of California |
3.77%
|
| Equine Research |
.10%
|
| City of San Mateo |
.29%
|
| Purses |
4.97%
|
| Track |
5.08%
|
| Owners |
.16%
|
| Breeders |
.32%
|
| Host Producer of Fees |
1.18%
|
| Simulcast Expenses |
3.15%
|
| Total |
100%
|
Part 2: Horse Racing Odds and their Payouts
More information about picking odds and knowing what those odds will pay. Also a description of SAMS (screen activated machines)
Part 3: Horse Racing Words and their Definitions
In part 3 we’ll explore some of the more common as well as some obscure horse track words and their meanings, as well as a detailed look at a sample horse racing program and how to decipher it. Let’s do this!
Sports Betting Made Easy
Play Hard in the Sportsbook at Sportsbook.com
Whatever game is your passion, Sportsbook.com takes you front and center in the sportsbook section of their multidimensional online gambling site. Bet on fast–paced sports from around the world. From NFL football to the excitement of NCAA basketball – and everything in–between – Sportsbook.com is the one–click source for all sports enthusiasts.
Sportsbook.com is a trusted, world renowned operation that has earned top ratings by all major sportsbook review sites. Considered among the gaming industry’s most reliable, easy–to–navigate sports betting experience, making it the perfect choice whether you’re a casual bettor or a seasoned gambler. All spreads, moneylines and totals are right at the bettor’s fingertips.
Sportsbook.com offers players unparalleled value when wagering on more than one game at a time. Exceptional customer support staff are available to you when you need them.
Sportsbook.com doesn’t simply offer up lines, futures and props – it also provides a wealth of information for bettors, including free statistical analysis within its matchup and preview sections. Bettors are provided with up–to–date injury reports, against–the–spread and straight–up trends, and entertaining and insightful sports betting articles and information.
Top Shelf Online Racebook
Play Hard in the Racebook
The Sportbook’s Racebook makes horse racing comfortable as well as every bit as exciting as being at the track. With weekly rebate offers at over 80 tracks, betting online gives you an advantage. See Sportsbook’s Racebook.
The Sportsbook Racebook provides all the horse racing information you would expect to find at a race track. Crucial info regarding jockeys, trainers and, of course, which horses have been scratched.
The Racebook is a highly respected, trusted long-term operation, earning top ranking by all major racebook review sites. Considered to be the online gambling industry’s most reliable, easy–to–navigate horse betting experience. Perfect for casual bettors and seasoned gamblers alike.
Bodog Girls: A Different View of the Online Gambling World
In the online gambling world Bodog.com stands out as a shining example of what’s possible in the realm of quality and integrity. Company founder Calvin Ayre knows how to run a business… and he knows how to pick his girls. In fact, the Bodog.com website is to online gambling what the Bodog girls are to gorgeousness. Have a look at this behind the scenes video. You’ll soon be a believer!
Poker-finder Twitter Feed
