Their calculation takes account of track differences, race distances, the ages of the horses concerned, weight-for-age, weights carried, the state. Grand National Odds & Aintree Big-Race Betting Guide is running and the conditions of the race mean every horse in the Grand National starting line-up. Lay betting explained: The OpenOdds Guide Let's take a look at an example of horse racing lay betting to see how we could use this betting.
Horse Racing Odds ExplainedTheir calculation takes account of track differences, race distances, the ages of the horses concerned, weight-for-age, weights carried, the state. If the horse I bet on wins, I will walk away with $4, 0 you need to understand how the pay-out system works on horse racing to fully understand the context. Lay betting explained: The OpenOdds Guide Let's take a look at an example of horse racing lay betting to see how we could use this betting.
Horse Racing Odds Explained MUTUEL PAYOFFS: Calculating Original Investment with Odds Payoff VideoWhat’s the lowest odds you should bet on a horse? Back-to-Lay bets mean that you're deciding to place a Back bet and then intend to way to place a winning bet on Betfair – In a horse race only one can win,. Their calculation takes account of track differences, race distances, the ages of the horses concerned, weight-for-age, weights carried, the state. If the horse I bet on wins, I will walk away with $4, 0 you need to understand how the pay-out system works on horse racing to fully understand the context. If you're looking to get a round robin bet explained, including the answer to the question 'what is a round robin bet in horse racing'? – you'll find.
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 fractional odds, your stake is already factored into this price i. Each race has a favourite. The graph also includes costs for a superfecta key.
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This is called takeout and usually amounts to 15 to 22 percent of the pool, depending on the track and the type of bet. Payoffs are calculated by sharing the remaining pool among all the people who placed bets on the winning horse.
Say horse No. This payout information can be used to calculate betting odds which will help you figure out how much you could win if you wagered on a particular horse.
This amount is then rounded down to the nearest nickel or dime this is called breakage , so in this example:.
This is converted into odds of 2. 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. Famous handicap races include the Grand National UK and the Melbourne Cup Australia.
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.
The Official Ratings abbreviated as OR on a racecard use the same criteria as the Racing Post Ratings abbreviated as RPR on a racecard , but are compiled by the British Horseracing Board BHB.
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.