How To Place A Bet On Horse Racing

10.03.2021by
By Timeform — published 21st June 2020

Betting horse races legally from the comfort of your home has never been easier! Bet horse racing on our premier desktop site or on the go with our fast mobile app. Never miss betting a race at the Kentucky Derby, Preakness, Breeders’ Cup, Gulfstream Park, Santa Anita, Churchill Downs, Saratoga, Belmont, Del Mar and more! If the track you are visiting currently has live racing in progress, you can use the kiosk to bet the live races. You can also use it to make wagers on events at other tracks that are being simulcast. Once you have chosen the track to bet on you will then select the race you want to bet. Bet you have questions on how to wager in horse racing. Learn with this step-by-step guide how to place a bet using either the self-service machine or betting window.

How To Place A Bet On Horse Racing

  • Place - Your horse must come in first or second. Next to the win bet, the Place wager is one of the oldest and most traditional. With a place wager, your horse must finish first or second. The wager pays the same whether your horse wins or not.
  • Betting at the Horse Track in the US. Parimutuel betting is what drives American horse racing.When you visit a live track in the US you will see that a large portion of the facility, aside from the track itself, is devoted to live tellers and automatic betting kiosks.

There are lots of different places to place a bet. Some like the hustle and bustle of the on-course bookmaker, some like the camaraderie and tradition of a betting shop, and some like the simplicity of online betting. Whichever you prefer, hopefully this guide can lend you a helping hand in your betting endeavors.

How To Place A Bet On Horse Racing

On-course bookmaker

If you are at the racecourse, then one of the most popular ways to bet is with the on-course bookmaker. These are bookmakers who have “pitches” along the racecourse offering odds on the outcome of each race. Should you elect to bet with an on-course bookmaker, the best way to proceed is to note down the number of your selection, approach the bookmaker and say for example “£10 on number 6, please.” The bookmaker will then hand you a slip with the details of your bet on.

On-course bookmakers often have a minimum bet, and some are win only, so it is a good idea to note any stipulations before approaching.

Betting Shop

If you are not at the racecourse but would still like the physical aspect of placing a bet, then perhaps visiting a betting shop should be your modus operandi. Betting shops allow you to bet on the majority of sporting events.

How To Bet On Horse Racing In Bangalore

Once you have chosen your selection and the amount you are comfortable staking, you should take a slip and write down exactly that. If you are betting on horse racing, make sure you include the time of the race, the course the race will be run at, the name/number of the horse and the amount you wish to stake. If you would like to take the Early Price, then write the horse’s current odds on the slip, if you are happy to accept the Starting Price then do not write any price on the slip. It is good to note that a lot of betting shops offer Best Odds Guaranteed (where if you take a price and the SP is bigger, they settle at that bigger price), so it is worth checking if that’s the case.
One you have written this down, hand it over to the person behind the counter, along with the money, and they will provide you with a slip detailing your bet.

Online

Online betting is fast becoming the norm for modern-day gamblers, and it is easy to see why. Online betting is fast, easy and you can do it all from the comfort of your own home.

As before, once you have picked out your selection and stake, as well as identifying the best odds available, you should proceed to the online bookmaker who is offering those odds.

To bet online you will need to first create an account, and then deposit money into said account before you can place a bet.

Once you have completed these tasks, simply select the sport you would like to bet on, then the event (meeting if horse racing), then simply click on the selection to add it to your virtual “betting slip”. This will often appear in the right-hand-side of the screen.

There will be a blank box underneath the selection in the betting slip for you to enter your stake. Once you have done so your potential winnings should appear below (detailing how much you stand to win should you have identified the correct selection).

Once you are happy with your selection, odds and stake, you are ready to place your bet. Click the button that states eight “Bet”, or “Place Bet”, or something along those lines, and your bet will be placed.

It is always a good idea to check your bet once it has been placed to ensure everything is correct. One pound coin.

Collecting any winnings

Should you manage to pick out a winning selection then you will need to collect your winnings. This is relatively simple.

If you have placed your bet with an on-course bookmaker, simply hand over your betting slip once the race has finished and he/she will pay you your winnings, plus your stake.

If you have placed your bet in a betting shop, then similarly, just hand over your betting slip to the cashier, who will in turn pay you your winnings, plus your stake.

Derby

If you have placed your bet online then your winnings, plus your stake, should be automatically credited to your account once the event has completed.

Comments are closed.