Thursday, 9 July 2009

Betting On Horse Racing For Dummies

Any one who has ever wanted to try to earn a little extra money has at least contemplated gambling once in their lifetime to put an extra bit of cash into their wallets.

Gambling has been such a popular sport because of the excitement that it makes you feel when you think about winning that large jackpot. Of course, there is a little more than luck involved in placing a bet on a horse race. You must have at least a basic understanding to make your bets count or you are just throwing your money away. It can be a little overwhelming if you are just beginning to find that there is more to placing a bet than just picking which horse you think will win. Here are some of the basics to placing a bet, and improving your odds of taking home a little extra money.

A good way to get started is to place a win bet. This is probably the best way for a beginner to get a feel for the betting system and what to expect from it. You may not win a ton of money this way but it is better to start out small. You simply pick the horse that you think is going to win and put any amount of money toward that horse coming in first. It may not be the easiest way to win, but it certainly is the easiest way to bet since you do not have to rely on much more than luck and observation to pick your choice. If your horse comes in first, you win. Simple as that. But just as simple though, if the horse you pick does not win, neither do you.

Another bet you can place is called a place bet, which means you try and pick a horse that will finish in at least the top four, depending on how many horses are entered in the race. This means your odds of winning are a little higher, but with increased odds you do not earn as much money for winning. To make a place bet, there must be at least five horses in the race.

A higher stake bet, only to be placed once you have a better understanding of how things go at the track, is called a double bet. It can be either a place bet or a win bet. The difference is that you place the bets on two different horses in two different races and only win if both horses win. If one horse wins but the other does not, then you still lose everything. It is a quick way to double your earnings if you know what you are doing, but it's also a very fast way to lose.

A treble bet is the same as a double bet, only you bet on three or more horses in three or more different races. It is not recommended for a beginner since it can be a little difficult to follow and has the potential to cost you quite a lot of money if you are not sure what you are doing.

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