How To Bet On Horse Racing
Do you enjoy a day at the races with your friends or work colleagues but have never been able to understand the different betting options open to you from the Tote or the on site book makers?
Have you picked a horse to win but have not put any money on it as you have been overwhelmed by the numbers that you were faced with at the book maker stands?
What if your horse came second, would you have been aware that there is a bet that you can place that would cover your horse if it were to be placed?
If the answer is no then please continue to read this page, by the end of it you will be able to place a bet on a horse with confidence and even wow your friends with the knowledge that you have about horse racing bets! Go on keep reading it will be well worth it!In this section we will teach you how to bet on horse racing. As you will discover there are many ways you can place bets on Horse Racing. The bets will range from singles to the legendary Tote placepot. By the end of this section you will have a full understanding of how these bets work.The details will include: Type of market, a description of that market, how to place a bet on that market and where you can place a bet on that market.
Please contact www.Bet-Teacher.com if would like any further information in relation to the how to bet on Horse Racing guide
Are you going to the races this weekend what race course will you be going to? There are a number of different meetings on this weekend which include Cheltenham, Newmarket, Wolverhampton, Kelso, Catterick, Kempton, Bath and Newcastle. If you are unable to make it to any of these courses then why not have a bet online at StanJames.com fill in the a few details and follow the HORSE RACING link in the left hand column on the home page and you will have a full list of the races to choose from.
Horse Racing Bets
How To Place A To Win Bet:
A win market is where you would place a bet on a horse to win the race which the horse is particpating in.
Example Bet: £5 placed on Red Rum to Win at odds of 5/1 would pay £30 if Red Rum were to win. This is calculated as £5 stake multiplied by 5 which = £25 + £5 stake returned.
How To Place An Each Way Bet:
An each way bet is a two part bet which gives you a better chance of a return on the horse you wish to bet on. The each way bet places half of your stake (how much you wish to bet) on the horse to win and half the stake on the horse to be placed.
A Place is determined by how many horses are in the race or the type of race which your horse is racing in.
A place bet usually pays out on (where your bet wins and you get a return) the top two, top three or top four horses. However on certain big races the top five horses could be paid out on. Place terms can either be 1/5 or 1/4 of the horses win odds.
Up to 4 runners – no place betting
5 – 7 runners – 1st – 2nd
8+ runners – 1st, 2nd and 3rd
Handicap 16+ runners – 1st, 2nd, 3rd and 4th
Example bet: £2.50 each way (£5 in total) on Red Rum at odds of 5/1 would return £20.63 if Red Rum Were to win at each way terms of 1/4 of the winning odds. If Red Rum were placed the return would be £5.63 because a 1/4 of 5 is 1.25 x the £2.50 place stake which makes £3.125 + your £2.50 stake returned = £5.63
How To Place A First Past The Post Bet:
A first past the post bet can be asked for when placing a Win bet or an each way bet. By asking for a first past the post bet you will be elminating the chance of your horse not being paid out on if your horse is disqualified or moved from the the winning spot due to a stewards enquiry.
However if your horse is promoted to first place after a stewards enquiry and you have asked for first past the post then your bet will not be paid out on.
Example Bet: Same as the win and each way bets but you add FPP on your betting slip.
How To Place A Straight Forecast Bet:
A Straight Forecast is a bet which involves two horses in the same race. You have to pick the two horses that you believe will finish 1st and 2nd in the race in the correct order.
When writing this bet or entering the bet on an online betting slip you must put the horse you wish to finish 1st at the top of the slip and the horse to finish 2nd underneath that horse.
Example Bet: £5 Straight Forcast on Red Rum and Desert Orchid. (A Forecast bet return is calculated once the race has finished)
How To Place a Reverse Forecast Bet:
A reverse Forecast has the same principles as the Straight Forcast. However the Reverse Forecast allows you to pick the two horses to finish 1st or 2nd in either order. For this extra security you do have to pay more for the bet.
Example Bet: £2.50 (£5 total stake) Reverse Forecast on Red Rum and Desert Orchid. (A Forecast bet return is calculated once the race has finished)
How To Place A Combination Forecast Bet:
A Combination Forecast also works on the same princples as the straight and reverse forecasts in respect that the horses have to finish 1st or 2nd. The difference with this bet is that you can pick more than just two horses that you were restricted to in the other forcast bets.
This does mean as with the reverse forcast that you would have to pay more on the total stake for this bet
Example Bet: £2.50 Combination Forecast on Red Rum, Desert Orchid and Arkell. This would equal £15 total stake because there are six different forecast bets that can be made from these selections. (A forecast bet return is calculated once the race has finished)
How To Place A Straight Tricast Bet:
A Straight Tricast is a bet which involves three horses in the same race. You have to pick three horses to finish in 1st, 2nd and 3rd place in the correct order.
As with the straight forecast when writing this bet or entering it onto an online bookmakers betting slip you would have to put the horses in the order you want them to finish in.
Tricast can not be placed on all horse races. You can only place a tricast on certain handicapped horse races.
Example Bet: £5.00 Tricast Red Rum, Desert Orchid and Arkell. (A Tricast bet return is calculated once the race has finished)
Combination Tricast:
A Combination Tricast works on the same priciples as the Straight Tricast in respect that the horses you pick have to finish 1st, 2nd, and 3rd. However unlike the combination forcast bet you dont have to pick more horses than the tricst bet. However you can add more if you wish but the more horses you add the more the stake will be.
Example Bet: £2.50 Combination Tricast Red Rum, Desert Orchid and Arkell. This would equal £15 total stake as there are six different tricast bets that can be made from these selections. (A Tricast bet return is calculated once the race has finished)
Tote Bets:
A tote bet is another way of placing a bet on a horse. The tote works in a slightly different way than the previous markets. You do not get set odds for a horse bet on the tote instead the money placed on the race is pooled together. It works on the same principles as the National Lottery the more winning bets there are the less you will get paid. In some circumstances however you still may get paid more than you would have done if you placed the bet with a regular book maker but it can also go the other way and you could be paid less for the winning bet. Tote dividends are declared to a £1 unit. To work out your bet you would multiply the stake you paid by the tote dividend, Which is declared at the end of the race.
Also with tote bets you use the horse number and not the name of the horse, so when placing the bet ensure you have the right number for the horse you want to bet on or you could end up betting on a different horse. This also applies to the race, instead of using the time as with the bets above you would use the race number.
Example Bet: Ascot, Horse 1, Race 3 £5 to win on the tote (if you are using a regular bookmaker). If the tote dividend pays £5.20 you would multiply £5 stake by £5.20 which = £26.00 this would be your return.
There are a number of tote bets that you can choose from. You can place a tote Win bet and a tote each way bet similar to the bets listed above. You can also do forecasts and tricasts on the tote but they have different names. On the tote the forecast is called an exacta and the tricast is called a trifecta. As with the forecast and tricast bets you can also do combination exacta’s and trifecta’s.
There are also a number of unique bets that the tote operates and these are listed below.
How To Place A Placepot Bet:
A Placepot is possibley the most popular bet that the tote does. The placepot bet is over 6 races (also known as legs). Usually it is the first six races of the meeting, you have to pick a horse to be placed in those six races. The simplest way to do this bet is to pick one horse to be placed in each race which would equate to one bet. However you can choose more than one horse per race to be placed but this would increase the overall stake paid as there would be more bets.
Example bet: Ascot, Leg 1, horse’s 1 and 2. Leg 2, horse 4. Leg 3, horse’s 5, 7 and 8. Leg 4 horse 3. Leg 5, horse’s 2 and 6. Leg 6, horse 9. The sum for this bet would be 2 x 1 x 3 x 1 x 2 x 1 = 12 bets. If you stake £1 per bet then the total stake would be £12 for this bet.
How To Place A Quadpot Bet:
This bet is similar to the placepot as you pick the horses to be placed in their respective races. However the Quadpot relates to four races which are usually Races three, four, five and six of the meeting. The Quadpot can be used if you have missed the start of the meeting and you are unable to do a placepot or you have not been successful in the first two races with your placepot.
Example bet: Ascot, Leg 1, horse’s 5,7 and 8. Leg 2, horse 4. Leg 3, horse’s 2 and 6. Leg 4, horse 9. The sum for this bet would be 3 x 1 x 2 x 1 which = 6 bets. If you were to stake 50p per bet then your total stake would be £3.00 for this bet.
How To Place A Jackpot Bet:
The Jackpot bet is also another bet which is spread over 6 races. With this bet you have to pick the winner of each race but unlike the Placepot which you can do on all race meetings the Jackpot will have a meeting alloted to it and you have to pick your horses from the 6 legs at that meeting. As with the placepot you can choose more than one horse in each leg but this will increase the overall stake paid as you would have more bets.
Example bet: Ascot. Leg 1, horse’s 4, 7 and 10. Leg 2, horse 3. Leg 3, horse’s 2 and 6. Leg 4, horse 9. Leg 5, horse’s 1,3,4 and 8. Leg 6, horse 5. The sum for this bet would be 3 x 1 x 2 x 1 x 4 x 1 which = 24 bets. If you stake £2 per bet then the total stake would be £48 for this bet.
How To Place A Scoop6 Bet:
The scoop 6 bet is also another bet which is spread over 6 races. This bet is linked to the television coverage that is broadcast on a Saturday afternoon. 6 television races are alloted to the scoop6 (these can be found in the racing press) and you have 2 chances to get a return with this bet. Pick all 6 winners from the alloted television races and you will win the Win dividend and place dividend which will be calculated at the end of the 6th race. Picking all six winners will allow you to be entered into the bonus fund race the following Saturday. To win the bonus fund you have to pick the winner of the scoop6 bonus fund race.
You can also win the place fund if the horse’s that you have picked are placed in all the six televised races. The Scoop6 also allows you to choose more than one horse in each leg but this will increase your overall stake paid as you would have more bets. However with the scoop6 you can only stake £2 per bet, this would mean that if you picked 1 horse in each race you would pay £2 total stake but if you picked 2 horse’s in each race then you would pay £128 because you would have 64 bets.
Example bet: Scoop6. Leg 1, horse’s 2, 9 and 11. Leg 2, horse’s 1 and 6. Leg 3, horse 8. Leg 4, horse’s 5 and 12. Leg 5, horse 4. Leg 6, Horse’s 3 and 10. the Sum for this bet would be 3 x 2 x 1 x 2 x 1 x 2 which = 20 bets at the £2 compulsary stake the total stake would be £40 for this bet.












