Place Your Bets On Horse Racing With Racebets India
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The Kentucky Derby and Preakness Stakes set records, and in June only the Belmont Stakes could claim the Horse Racing Triple Crown. If you want to bet on tournaments, this is for you.
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Even small bets can lead to big wins if you choose the right horses and place the right bets, and it’s not impossible to turn a $5 bill in your pocket into $100 or more. Here are a few tips to keep in mind as you walk through the windows of Churchill Downs, stop by the off-track betting area, or log into your favorite betting site.
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After you’ve narrowed down the field to a few horses of your choice, it’s time to find out what the experts think of your choices. Before betting on a race, check the morning line, which is the odds assigned to each horse by a professional handicapper at the racetrack.
This reflects who the underdog thinks will win. If Fast Sam’s odds are as short as 2/1, the handicapper thinks he has a good chance of winning the race. With Slow Poke morning odds of 50/1, the handicapper doubts that every other horse in the field will finish ahead of him. Morning odds are usually indicated with “ML” notation right next to the name of the horse in the program or on the online race card.
Let’s say you decide to bet on Fast Sam because it looks like a clear winner at morning odds of 2/1. If you win, your $5 bet will only get you back $15.
But if Slow Poke works a miracle at 50/1 and somehow ends up in first place, that $5 would make him $255 – bet and bet 50x. The problem with this bet, of course, is that you’re more likely to be holding a worthless betting slip than a wad of cash at the end of the race. The pundits gave him a 50/1 chance for a reason. He will be competing against much better riders.
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The question then becomes whether to play it safe or reap the big rewards. A “choke,” a good horse that starts with even or even odds, can also see a return on your investment if you win. Not even close to $100.
Morning lines rarely accurately reflect what a horse will ultimately pay out if it wins. As race time approaches, the odds on each horse move up or down slightly as people all over the country (or the world in the case of the derby) bet on him.
Keep an eye on your tote board and the latest odds as the race approaches. It’s actually a large sign on the site that’s usually lit up with flashing lights when you’re at Churchill Downs. If you are betting online, you can see the current odds right next to the horse’s name on the race card.
Betting odds over time reflect each horse’s actual betting activity. The odds decrease as more bets are placed. If the punters don’t bet on him, his odds will be longer.
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If you win, you’ll be paid according to the post-time odds, not what the pundits thought when you hit the morning line. If a bettor sees his favorite on Slow Poke and takes the odds to 30/1, he’ll have a $5 winning ticket pay $155, not $255, no matter what the morning line says.
In this way, betting on horses is different from betting on other sports. If you bet on your favorite team to win the Super Bowl at 20/1 at the start of the season and the odds drop to 7/1 as the season progresses, odds will be locked. For horses, prizes are based on odds at the start of the race, not at the time of betting.[x]
Tip: If Slow Poke drops quickly from 50/1 betting odds to below 20/1, it means bettors are betting a significant amount somewhere. Either they know something you don’t, or you ate too many mint juleps.
“Straight” bets are the least complicated and the safest. This means your horse is betting on a win, standing or show.
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If you bet on him and he actually wins, you win too. If he finishes second or third you lose. But if you bet on him, you win money if he wins or comes second, and if you place a show, you win money if he comes first, second, or third.
Of course, there are caveats. Odds for betting on horses are ‘Odds’. This is what you pay if you actually win. The prize money for second and third place is much more difficult to calculate because it depends on how many people have bet on him and which horse finishes first.
Suffice it to say that the prize money won by a prize is always less than if the horse won. Third place pays much less than second place.
The bottom line is that bets over $100 on Fast Sam are unlikely to win, as even if Fast Sam wins or finishes in second place, you will only receive the third prize. And remember, he didn’t pay much because he went out at odds of 2/1. Slow Poke pays a lot more in show betting due to its long odds, but not $100.
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So how should you place your bets to get the most out of them? One option is to bet on horses through the board.
Lecture. Since it’s technically 3 separate bets, the bet amount has dropped from $5 to $15. But if your horse wins, you collect three times from the win bet, place bet and show bet, and of course each payout will be more than your $5 bet.
However, since I bet $15 to cover all the odds, if he finishes third he may lose some money, but only win the third prize. Fast Sam pays $6.50 for a $5 bet and loses the difference. And if Slow Poke is 3rd and you bet on him through the board, his long odds will get you back the initial $15. You don’t get $100.
“Unusual” bets pay the most for a reason. This involves betting on multiple horses, so you’ll need money to win both Fast Sam and Slow Poke.
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Excacta bets involve the selection of first and second horses in sequence and usually pay much more than winning tickets for straight bets on one or both horses. Had Slow Poke topped the list, it would have won well over $100 on a $5 spot bet.
I have encouraging news. Churchill Downs, home of the Kentucky Derby, offers a $1 punt box. In this $5 bet, you can bet on 5 different horse combinations to increase your chances of winning over $100.
Let’s say you added I’m Pretty Good to your favorites. You can pick Fast Sam and I’m Pretty Good, one that matches Fast Sam and Slow Poke, one that matches I’m Pretty Good and Slow Poke exactly, and even throw in a few horses for good measure.
For some bettors in 2019, it did exactly that. Longshot Country House (65-1) and Code of Honor (14-1) – Bettors choose 1-2. placers – won $3,009.60 for the exact amount of $2.
Kentucky Derby Betting Guide
If you feel solid about your horse and want to win more than play it safe, you can also choose from a few other exotic bets. A Trifecta bet means selecting the first three digits in sequence. It’s difficult, but it pays a lot more than being accurate. A $2 bet on third place Tacitus in 2019 paid $11,475.30.
Superpecta is the grandfather of them all, and is one of the hardest bets to win in horse racing. This involves selecting the first four horses in order. But if you’re right – depending on the horses involved – you may be able to buy the new car you’ve always wanted. Superpecta payouts in 2019? $51,400.10.
Then there are daily doubles. This includes picking.
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