It used to be that if you wanted to gamble with the odds of a race horse, you'd have to sporting events with people in your bet. While one day of racing is still an attractive pastime for people who want to bet on horses, horse racing today can be gambled on the website online from the comfort of your own home. Online horse racing has become a lucrative business in gambling, and know how to bet on the horse can make or break your wallet. Want to try your luck in betting on horse races? Does it help if you understand the way bets are employed and paid? Then the following tips on how to calculate the probability of the track will help you place your bets.
The calculation of the odds
The chances of a particular horse winning a race is equal to the amount of money used is mixed with the horse. For example, a popular horse race which proved a winning streak, is known as the "favorite", and probably has the most money wagered on the race win. Therefore, the ratio of the odds for horses to win is the lowest, and the return of your wager is nominal. This process is used for the rest of the odds of the horse in the race to calculate the chances to at least favorite horse, or the "long shot" odds are calculated shortly before the race begins. Your winnings are based on the odds ratio calculated in this way, (odds / 1 x bet amount bet), or a 2 / 1 odds on a $ 2.00 bet results in a $ 6.00 paid.
Win, place and show
The term win, place and show horses in a race that simply means that the first, second or third place and is also betting on the outcome. Experienced bettors are often placing bets on horses in both the first and second place because they would win both bets if the horse wins the race indeed. But if the place of horses, the effort paid off in second place and often for the same commitment. Others will use 'across the board, bet the same horse will either win, place or show and bet on all three options with the hope of finishing first horse bets pay off ..
Exacta and trifecta bets
An exacta bet on a race is when you get the first two horses in the race and predicting the exact order of finish in the first and second place. Another strategy for the gambler, the "subject" of the two horses so the horse crosses the finish either first, while the other horse finishes second effort will bear fruit. A trifecta bet is basically the same as a bet EXACTA except that it is better to three horses to win, take place, and to show the exact order. Three horses can be "boxed" in the same way as the exacta for the chances of wining the bet to improve. The payoff for Trifectas can be very large especially if the horse is a high chance to finish the race first, second or third place.