Horse Racing Betting Sites And Offers
Horse racing is one of the world’s oldest and most popular sports to bet on. With events such as the grand national and the Kentucky Derby attracting massive crowds, with the potential for huge payouts for the bookmakers and customers alike! You may be wondering how to place your first bet on a horse racing event? Below we will discuss the most common betting methods for horse racing and how to go about starting to bet on the sport.
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What are the most common bets for horse racing?
1. Money back on losing bets
Popular bookmakers such as 10Bet, Paddy Power and Bet Fred have all offered money back on losing bets in the past. In order to receive these, certain criteria must be met. For example, you may receive your money back when your horse loses by a certain length.
2. Risk-free bets
Risk free-bets are common for new customers when betting on the horse racing and on plenty of other sports, designed to get you hooked in on the action. Risk-free bets usually consist of a free bet usually upwards of £5-10 on a horse of your choice in a particular competition. Backing the correct horse will result in a real money reward in which you can either withdraw or invest and bet into other events. As a new customer, these can be useful to help familiarise yourself and getting to grips behind how exactly horse racing works and how best to bet.
Bookmakers such as Coral and William Hill often host competitions in which invites you to pick the winners of a specific number of horse races. Choosing all correct horses will win you a share of the overall prize money, with as much as £50,000 offered previously. If you consider yourself lucky and or good at betting (if that’s a thing!) then enter the competition and try your luck at a share of a grand cash prize.
4. Best odds guaranteed (BOG)
With horse racing, odds change by the minute with so many entries to the competition both the bookies and the crowds are presented with the challenge of choosing the correct horse to win. To prevent the frustration of odds changing every few minutes for your horse, many bookmakers offer a ‘best odds guaranteed’ bet, else known as ‘BOG’. BOG bets ensure that your odds remain steady if the odds are better than what you originally backed the bookmakers will pay out at your starting price (SP), resulting in less hassle and no money missed out on.
How should you choose a horse racing bet?
Choosing a bet on events such as the grand national can be a nerve-racking experience, especially when there is lots of money involved. When placing a bet, be sure to do research on your horse. Look at the horse’s age, past competitions and the current form in which they are in. Horses between the age of 6-8 often perform best, as well as those with previous success on either prior competitions of the same event or within certain conditions such as soft ground.
Why should you place a bet on the horse racing?
With so many riders taking place in each horse race, it can be an exhilarating and nerve-racking experience watching the race. However, with so many rivals also means an increased chance for a big pay-out. Doing your research and betting on an ‘each-way’ increases your chances of making big money or winning your money back if all else fails whilst backing one of the favourite horses. Each-way bets will be discussed further below in the ‘markets’ section.
There are many different horse racing events throughout the year with many on every single weekend. Most popular events include the grand national and boxing day competitions, also offering the highest pay outs.
There are very limited markets available to choose form when betting on a horse. More often than not, betting consists of backing a winning horse or going each way. Alternatively, additional markets are sometimes available to back multiple horses to win or to finish in the top three of an event. These betting markets are completely dependant on the bookmaker. For example, Coral may offer odds on certain horses to win whereas Ladbrokes or paddy power may offer completely different odds on entirely different horses. A list of the most popular bets/markets have been compiled below, these are the most common in horse racing:
1. Each-way bets
Each-way bets increase your chances of winning money by backing a horse or instead winning your money or a portion of your money back. Each-way bets range from your horse positioning between first and third up to seventh or even eighth place for a share of your money back on larger competitions. When placing an each-way bet your bet is doubled, therefore, meaning if you originally place a £5 bet (single) this turns into £10 as your bet is placed each-way, resulting in more costly yet safer bet.
2. Win by length(s)
Another common bet is for your horse to win by a length or lengths. This is common for races in which there is one favourite, so instead betting on the degree to which the horse will win the race. It is often advised not to bet on these due to horse racing being so risky as any rider can fall and anything can happen on race day. However, if these bets are successful the pay-out is much larger than many other bets.
3. Multiple bets
As mentioned previously, one option provided by different bookmakers is the option to back multiple horses to win their event. When this is the case, the odds are often much higher and often provides much more interesting entertainment for the hardcore punter!
Live-streaming and coverage
Whether or not you are able to watch the horse racing live can be a deal breaker when placing your bets. Sites such as Coral and bet365 generally offer live-streaming of the event after you place your bet, allowing you to stay up to date on the action and engaged in the experience!