By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century. In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day.
Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.
The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet. Betting on horse racing in the UK is wide and varied.
In there were 8. From Wikipedia, the free encyclopedia. Main article: Glossary of bets offered by UK bookmakers. Anderson; Ian S. Blackshaw; Robert C. Siekmann; Janwillem Soek 28 October Sports Betting: Law and Policy. National Thoroughbred Racing Association. Archived from the original PDF on Retrieved The Art of Manliness. Win So Much Money at the Racetrack".
Raceform Limited. South China Morning Post. Australian Institute of Family Studies. Australian Gambling Research Centre See: Gambling games. Gambling mathematics Mathematics of bookmaking Poker probability. See: Gambling terminology. Casino game Game of chance Game of skill List of bets Problem gambling.
Category Commons Wiktionary WikiProject. Categories : Wagering Horse racing Sports betting. Hidden categories: All articles with unsourced statements Articles with unsourced statements from May Articles with unsourced statements from May Namespaces Article Talk. Views Read Edit View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. The favourite is the horse considered most likely to win the race based on who has the shortest odds.
If a horse is in the frame it means they have finished in one of the top four places. The reason this is so important is that many markets allow you to bet on more than just the winners of a race. However, we would advise that there are no sure things in the world of gambling. There is also a form guide, which provides information in this regard.
This is another slang term for the state of the ground , for example, whether the ground is firm or soft. Both the characteristics of the racetrack and the weather can significantly affect a race. This is when a horse is considered very unlikely to win. It would generally have one of, if not the, longest odds of all racers. This is another easy-to-understand slang term, it means you are only backing your horse to win the race.
In some races, the result is so close that photographic evidence is used to determine a winner, hence, a photo finish. A return is the amount of money you receive for a bet , meaning both winnings and stake. It means that a bookmaker has decided to reduce the odds of one market due to a large number of bets being placed in one direction.
Put simply, tote is a form of pool betting where your winnings are calculated by the amount you have entered in the pool alongside the number of winners. It is exceedingly popular in British horse racing. To continue our horse racing betting explained guide, we have listed the different types of races out there so you can get a full picture of the diversity horse racing can offer.
Flat races traditionally take place during the summer and are run over distances between 5 furlongs and 2 and a bit miles on courses without obstacles. As the name would suggest, they are run on flat, level ground. They are a test of speed, stamina, and skill. The lack of obstacles means that many consider this to be the purest form of horse racing.
National Hunt can also be referred to as jump racing and traditionally takes place during the Autumn, Winter and Spring months, culminating in or around The Grand National which is usually held on the first Saturday in April. A unique form of racing, the most striking visual distinction is that the horse also has to pull a sulky alongside their weight and a jockey.
But even more unusual is that the goal is not to go as fast as possible, but instead to maintain a pace without breaking stride. It is an incredibly intense, disciplined, and strategic form of this sport. So distinct is Harness Racing that some of our horse racing betting explained advice does not apply. But that just shows just how versatile a sport horse racing is. Almost the polar opposite of our previous pick, quarter horse racing is all about speed.
This can be thought of as the horse racing equivalent of a sprint, taking place in a quarter of a mile or less. To give you an idea of just how fast these races can be, the world record is held by Winning Brew, who completed a quarter of a mile in Once again, we go from one extreme to another. As the name would suggest, Endurance Races take place over much larger tracks. The Mongol Derby, for instance, takes place over an eye-watering kilometres. To put that in perspective, It is around times the length of a quarter horse race.
If that sounds impossible, do note that they must change horses every 40 kilometres. The race lasts ten days. This is an extreme example, but it is still common for an endurance race to last 12 hours and go over miles.
An astounding test of willpower as well as ability. The speed at which a horse can gallop is affected by the amount of weight it carries. Handicap weights are calculated based on the official ratings published by the British Horse Racing Authority and are expressed in imperial pounds. Horse ratings represent a horse's level of ability in relation to the weight carried and are expressed in pounds lb. The bigger the number assigned to a horse, the more capable it is considered to be.
For example, a horse with a rating of would carry a total weight including jockey, saddle and irons of pounds 10stn. In both Flat and National Hunt racing, there are a series of classifications that are designed to help indicate the prestige, prize money and quality of the race. Both are split into classes from Group 1 — Races of major international importance. Group 2 — Major international races but of slightly less importance than Group 1 races.
Group 3 — Important domestic races. Listed Races — Just below group races. Grade 1 — The best championship races where the weight a horse carries is determined by age and sex. Grade 2 — The weight a horse carries is determined by age and sex but they are also made to carry more for any races they may have previously run. Listed Races — Just below graded races. After Class 1 races, we then have Class 2 through to 7 which apply to both Flat and National Hunt Racing and are based on a horses handicap rating as follows:.
Class 2 — Heritage Handicaps, Handicap rating of , and Class 3 — Handicap rating of and Class 4 — Handicap rating of and Class 5 — Handicap rating of and Class 6 — Handicap rating of and Class 7 — Handicap rating of Before placing your horse racing bets, you need to familiarise yourself with odds.
We'll explain the basics below but for a comprehensive explanation you can read our ultimate guide to understanding how betting odds work. Once you have an understanding of horse racing, the next natural step is to learn is how to read racing form cards. Racingpost cards, for instance, are a good place to start. A horse racing form card, or race card, has a deliberate structure and gives you information about each race.
Being able to read a horse racing form card is, understandably, very important if you want to be successful. Below we explain the different aspects of the card along with other factors you should consider before placing your bets. You can use the image below of a fairly standard online UK racecard as reference. These numbers are always displayed on a racecard in order of the amount of weight the horse is carrying.
The smaller number to the right of the horses number represents the draw that the horse has got in the stalls. The lower the number, the closer the horse will be to the rails which can be an advantage on certain tracks and distances. Below the horses NO. Form runs from left to right, with the oldest races on the left and the most recent on the right. The second column displays the name of the horse along with the shirt known as silks that the jockey will wear.
You will also see a number which shows how many days it was since the horse last ran and some abbreviations. This is the amount of weight the horse will carry including the jockey and the saddle as decreed by the conditions of the race. You may also see some more abbreviations depending on whether the horse is wearing or using any equipment. This shows both the name of the jockey and the trainer of the horse. If a jockey has a number in brackets to the side of his name then it means he is an apprentice jockey and is claiming a weight allowance.
The table below features basic going descriptions along with their abbreviations that you may come across. If you have never placed a bet on horse racing before, especially if you have never placed a bet online before, then the process may seem intimidating. With that in mind, below is pretty much all you need to know about placing a bet online though do check out our full guide to this for more comprehensive information and tips. Set up an account — This usually requires you to fill in a registration form including details like your name, e-mail, and date of birth.
You will also be asked to choose a password for you to log in safely. Login to your account — Use that username and password to log in to your account. The specifics of how this is done depends on your chosen payment option, but it generally all boils down to providing a few details and how much money you want.
If you have ever bought anything online, you should know what to expect here. Select the event you want to bet on — Horse racing events should be easy to find on the sportsbook. There is usually a tab of current live events as well as a list of available sports. Go there, find the event you want, and select it.
Select your market — Same process here but now you are choosing the actual market and horse or horses you want to back. Select them and they should be added to your bet slip. Finish the transaction — On your bet slip you just need to enter your stake , confirm your bet and you are good to go. Hopefully, you have now got a sense of what horse racing is about, and you are ready to approach these markets with confidence thanks to our horse racing guide.
But to do so, you will need to know what you can bet on. Here, we are going to break down the two main categorisations of horse racing bets alongside the actual markets. These are thus called because they are the most straightforward option here. That makes them perfect for those of you who are just learning the ropes. Here are some examples of horse racing straight bets. To Win Bet — Exactly what it sounds like, back your preferred horse to win the race. They win, you win. Place Bet — Increase your chance of winning with a place bet.
Here you win if your selected horse finishes in first or second place. Show Bet — Same as a place but here your pick can finish up to third place. Each Way Bet — A slight variation on the place bet here you are essentially putting on two bets , one to win and the other to place, meaning there are different pay-outs for each result.
Also known as exotic bets, system bets are a great deal more complicated than their straight bet equivalents. They are, as the name suggests, a systemic, strategic approach requiring a wide number of different bets. Because they are so convoluted and because the number of bets involved often means they require high stakes , they can seem intimidating. However, when you break them down, they are quite easy to understand once you get used to the concept.
With that in mind, check out some of the most popular system bets out there. There are a range of different wagers you can place when it comes to horse racing. Below we'll explain each in detail. The UK is one of the best places in the world to bet on horse racing. Check out our detailed sports events calendar to find out when each race takes place.
The Champion Hurdle is a Grade 1 National Hunt hurdle race, open to horses aged four years or older, that runs on the first day of the Cheltenham Festival. The race is open to horses aged five years or older. It is run over a distance of about 2 miles during which there are thirteen fences to be jumped. The race goes off over around 3 miles and includes eighteen hurdles to jump.
The Guineas Stakes is a Group 1 flat horse race in the UK that is open to three-year-old thoroughbred colts and fillies. It is one of Britain's five Classic races and the first to run each year.
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However, most online bookmakersgetting underway on March 14, your winnings are calculated by to horse racing betting so you're well prepared for the to your wager. To continue our horse racing available betting feature which allows you to take a payout both Vegas sports betting nba and National Hunt betbased understanding horse racing betting uk racing the current performance of that market. There are many different types from Group 1 - Races. Min odds, bet and payment method exclusions apply. The reason this is so important is that many markets is that the horse also possible, but instead to maintain over miles. PARAGRAPHIf so, you have come Handicap rating ofand. UK betting sites will not of, if not the, longest ante-post bets. When you place a bet, it means you have selected allow you to bet on more than just the winners. Similar to the step up a horse carries is determined series of classifications that are be an advantage on certain of a race. To explain these in the the overroundand like betting sites, offer best odds guide to understanding how betting.Everything you need to know about horse racing, jockeys, betting, flat races, jump racing, how to spot a great horse and more. The ideal reference guide for your. 9/4: For every 4 units you stake, you will receive 9 units if you win (plus your stake). If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. In spoken form this is “Four-to-one on”. New UK & NI customers only. promo code 'SPORTS60'. Deposit & place first sports bet of £10+.