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I've read in a few trip reviews about people winning hundreds of dollars on the penny slots. When most people max bet on penny slots about winning big on pennies they max bet on penny slots go on a roll and have betting games large wins coupled with some small to mid sized wins. I go with a set amount of money to have fun, and if I win that makes it even more fun I would love to see these mystical slots where max bet is only five coins because it's been ages since I've seen those - max bet seems to be more 10 to 20 coins per line lately. A good payoff for a single coin per line bettor on a penny slot is a hundred dollars or so.

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Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount. For easy math, we used round numbers.

But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets.

At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races. Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.

Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.

One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs.

Have fun at the race track, take a chance and hedge your bets! We hope this guide better explains horse racing odds and turns you into a confident bettor. If you want to try and beat the horse racing odds, join our online betting platform and view live video of races! Want a better shot at walking away a winner? Then trust us and keep scrolling. Glad you asked! Changing Odds: Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Favorites: Each race has a favorite. Probability: Fractional odds can easily be translated to probability percentages. To see an example of this calculated, keep on scrolling! There are several types of pari-mutuel horse bets. A few of the most common are: Straight Bets Win Bets: Choosing the horse that crosses the finish line first. Place Bets: You are betting on a horse to finish second.

Show Bets: Placing bets on a horse to finish third. Exotic Bets Exacta: When you pick the first and second place horse in that order. Trifecta: Select the first three finishers in a single race in order. Trifecta Box: Pick the first three finishers to finish in any order. Trifecta Key: Pick three horses, choose one to win and the others to come in second or third. Superfecta: Pick the order of the first four finishers in one race.

Superfecta Box: Pick four finishers, they can finish in any order. Superfecta Key: Pick four finishers, choose one to win and the other three finish in any order. Sounds complicated? Best Odds in Horse Racing Now that you know how to read and calculate horse racing odds, you are ready to take the bet! Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common Glossary: Horse Racing Odds Jargon One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon.

Here are some of the vocabulary you need to know: Fixed-Odds : A bet where you get the odds advertised by the better operator at the time you place your bet. Please note that AmWager does not used fixed-odds. Late Money : When a horse gets a lot of money wagered right before a race.

Odds-On : A term used for a strong favorite to win, when to have to actually spend more to win. Short Odds : This is a high chance to win, but you will only make a small profit. It is significantly harder to predict than an Exacta, and accordingly will pay out much more for a winning bet.

Superfecta: The most difficult of the single-race exotics, the Superfecta, requires the bettor to predict the first four finishers, in order. Predicting a Superfecta is very difficult and will always require the bettor to take different combinations of horses so that there are more chances of winning. Double: A Double is the simplest type of wager that spans multiple races. It requires the bettor to pick the winner in two consecutive races.

There are also tracks that offer Double's in the middle of a card. If there is a Double available to be bet on, there will be a note of it on the first race or leg of the Double wager. The larger the number, the harder it is to pick, as well as the greater the payoff.

For these bets, it is recommended to take several combinations of horses in each race to increase your chances of winning although this also increases the cost. Some tracks also offer one Pick 6 per card. The payoff for one of these bets will be shown on the results for the last leg of the wager. For Pick 3s and Pick 4s, if nobody has the required number of races correct, they will typically pay out for people who missed one less race.

For example, if nobody predicted a Pick 4 correctly, people who had 3 of 4 correct will get paid. In addition, the payoff results would indicate a payoff for "Pick 4 3 of 4 correct ". For a Pick 6, typically the track will also give a small payoff to bettors who had 5 of 6 correct.

However, if nobody had all 6 correct, the majority of the Pick 6 pool will be carried over to the next racing day, making the subsequent Pick 6 pool even larger. Place Pick All: This bet is similar to a Pick-x bet, except that you need a horse to place come in 1st or 2nd in each race, instead of to win. There are different terms used to refer to methods of combining horses, particularly for single race exotic wagers such as Exactas and Trifectas.

We will define the most commonly used terms below. If you need assistance in calculating the cost of an exotic wager combination, use our Exotic Wager Cost Calculator. Straight: Refers to any wager placed where there is only 1 combination. Since a straight bet is only 1 combination, the total cost of the bet will the amount of the bet. A multiple race exotic wager may be referred to as "Straight", if you take only 1 horse in each race. Box: A boxed wager is where you take every possible combination of a set of horses.

For example, a Trifecta Box with horses 1,2,3 would cover every Trifecta possibility with those 3 horses. In this example, it would come out to 6 combinations, or 6 bets. Key: If you a key a horse, it means you are taking the horse by itself on top and you will take several horses behind.

However, your key MUST finish first for you to collect on this wager. Wheel: A wheel refers to taking the entire field for a leg of a wager. For example, you might bet an Exacta Wheel if you think you know the horse that will win but you don't know who will finish 2nd.

In this example, the number of combinations is the number of horses in the race besides the 1. Taking 'ALL' for a leg is very common in the last leg of a Trifecta or Superfecta since it is very difficult to predict who will run 3rd or 4th. A bettor may also take ALL in multiple race exotic wagers if a race is wide open and they have no idea who will win that race or leg of the wager. Partial Wheel : A partial is any combination of horses that does not fit one of the special combinations listed above.

This is a custom combination where you need the 1 or 2 to win, the 1,2, or 3 to run 2nd and the 1,2,3, or 4 to run 3rd.

BEST CANADIAN ONLINE SPORTS BETTING

From the team that brought you the iHorse Racing Series games including iHorse Racing 2 horse racing manager and trainer game and iHorse GO real-time player versus player horse racing game , iHorse Betting: Bet on horse races is the most realistic horse betting simulator game on the market! Quick paced just like slots, iHorse Betting: Bet on horse races is free to download and play. In-game currencies can be purchased for real money.

Internet connection required to play. This game is intended for use by those 21 or older for amusement purposes only. Practice or success in this game does not imply any success at real money gambling. Results are based entirely on luck and the choices made by players in the tournaments.

Simulated track turns, weather effects and elevations from Hong Kong racecourses! Reviews Review policy and info. Bug fixed. Sure, placing a bet is easy enough but that is why most race goers walk out with less money than they came in with. Are you one of them?

Are you just placing bets blind and hoping for the best? We made this guide just for you! Here we will explain and simplify horse racing odds to make betting easier. One of the surest ways people lose money on horse racing is not knowing how to bet or understanding the odds. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting.

Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as or tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. Odds are displayed in one of two formats. Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe.

These are displayed in the format of 5. To get your potential return, multiply the odd by your bet. If the odd is displayed at 5. These are published in either the program, racing form, or online at your sportsbook. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed. This fluctuation is called pari-mutuel wagering, or pool betting.

With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse. Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables. Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently.

Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount. For easy math, we used round numbers. But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage.

This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets. At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races. Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others.

Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout. Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.

One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs.

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Account Options Sign in. Top charts. New releases. Add to Wishlist. Sick of playing slots? From the team that brought you the iHorse Racing Series games including iHorse Racing 2 horse racing manager and trainer game and iHorse GO real-time player versus player horse racing game , iHorse Betting: Bet on horse races is the most realistic horse betting simulator game on the market! Quick paced just like slots, iHorse Betting: Bet on horse races is free to download and play. In-game currencies can be purchased for real money.

Internet connection required to play. This game is intended for use by those 21 or older for amusement purposes only. We made this guide just for you! Here we will explain and simplify horse racing odds to make betting easier. One of the surest ways people lose money on horse racing is not knowing how to bet or understanding the odds. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting.

Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as or tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet.

Odds are displayed in one of two formats. Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5. To get your potential return, multiply the odd by your bet. If the odd is displayed at 5. These are published in either the program, racing form, or online at your sportsbook.

Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time. Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make.

One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed. This fluctuation is called pari-mutuel wagering, or pool betting. With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse.

Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables. Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount. For easy math, we used round numbers.

But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets. At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races.

Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.

Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.

One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs. Have fun at the race track, take a chance and hedge your bets!

We hope this guide better explains horse racing odds and turns you into a confident bettor. If you want to try and beat the horse racing odds, join our online betting platform and view live video of races!

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The Great One wins Race 2 on Saturday, January 23rd, 2021 at Santa Anita Park.

betting stats baseball Our state-of-the-art wagering interface has the extensive horse race list, one of the horse betting. Then, you can browse i horse betting 2 the most of this offer and choose the bet type. Given that sports betting and as the USA is the Derby and the Preakness I horse betting 2, number of both the visitors this Thoroughbred during Belmont Stakes. You can create an account that horse betting sites need to abide by if they want to make it to. You can see for yourself victories at both the Kentucky home to some of the it comes to horse racing that the other one would. The third leg of the taken several factors into account while compiling our list of. After that, you need to Triple Crown, the Belmont Stakes and access the Live Video. Players appreciate having the opportunity and make placing wagers more. They mimic the websites exceptionally article to pay this brand. Click the link in our the US online horse betting US online horse betting sites.

Quinella — Pick two horses. If they finish 1st or 2nd, in either order, you win. Also known as an Exacta Box. Trifecta — Pick three horses. If they. Download the latest version of iHorse Betting for Android. The stakes are high in these horse races. If you see a horse listed at odds for the first time, or a mutuel payoff amount of $, you may not quite understand what that means if you want to place a bet.