|
Published:
April 1, 2005

Betting on Horse Racing For Dummies

Overview

Betting on Horse Racing For Dummies is packed with information that teaches you the ins and outs of the racetrack. You’ll learn how to improve your odds, avoid common betting mistakes, and just plain have fun at the races. This is a spectator’s easy-to-understand guide, so you’ll have no trouble identifying the racing breeds with their strengths and weaknesses, sizing up the jockey, understanding the importance and role of a trainer, placing bets, managing money, and beyond. Can’t make it to the track? No worries! You’ll get the scoop on online betting with off track betting sites and apps. This update covers the latest changes in the betting world and in the racing world, so you’ll know just what you’re wagering.

  • Learn about the different types of horse racing
  • Discover and identify the best racing breeds
  • Know your jockeys and trainers
  • Make smart wagers and manage your funds

For beginning betters, Betting on Horse Racing For Dummies is your ticket to well informed wagers and a winning edge. Already know the ropes? You’ll love the market trends and insider tips you’ll find inside.

Read More

About The Author

Richard Eng has been involved in thoroughbred horse racing for more than 40 years. Eng was a former researcher/writer for ABC Sports when they televised the Triple Crown races (The Kentucky Derby, The Preakness, and The Belmont Stakes). He retired from the Las Vegas Review-Journal after a 20 year career as the turf editor and handicapper for the newspaper. He also authored the first edition of Betting On Horse Racing For Dummies.

Sample Chapters

betting on horse racing for dummies

CHEAT SHEET

People have been betting on horse races since horses have been running. Betting on the outcome of formal horse races can be fun and profitable if you know what you’re doing and can beat the odds.This handy Cheat Sheet has advice on what to pay attention to and what tools can help you at the track, as well as the mechanics of placing a bet, the types of bets you can place, and your odds of winning.

HAVE THIS BOOK?

Articles from
the book

Before the advent of parimutuel wagering, horse race betting was done with bookmakers. Bookmakers, also known as bookies, are essentially businesspeople that handle gambling bets — mainly on horse racing and sports. Bookmaking is now illegal in the United States, but it's a highly respected business in other parts of the world.
Along with your sunscreen (or umbrella!), a few items come in very handy when you’re at the racetrack betting on horses. You may want binoculars to see your favorite pass the finish line, but the tools in the following list are even more useful when it comes to actually placing your bets: Racetrack program: Like a program at a baseball game, it has information on all the players.
People have been betting on horse races since horses have been running. Betting on the outcome of formal horse races can be fun and profitable if you know what you’re doing and can beat the odds.This handy Cheat Sheet has advice on what to pay attention to and what tools can help you at the track, as well as the mechanics of placing a bet, the types of bets you can place, and your odds of winning.
Just as all horse races are not created equal, neither are all horses. However, racetracks overcome this inequality as best they can by pitting horses of similar ability together for various races. This practice is known as parity. To envision how the horse races are planned by the racing secretary's office, think of a pyramid.
When you’re at the track betting on horse races, you’re looking to put yourself in the best position for winning, right? Of course you are, and the facts and stats in the following list can help you better your odds: Every racetrack has a television simulcast commentator who handicaps between the races. Listen and see if you can pick up any good tips to bet on.
Are you with a group of friends betting on horses at the racetrack? A fun way to bet on horse races that gets everyone in your party involved is a group show parlay. It works like this: Have each person ante up $5, and pool the money. Each person in the group picks one race and one horse to bet to show. Place the first bet, and if you win, parlay the money on the next race and horse.
Betting on horse racing isn’t a complicated procedure. Most often, you place your bet, take your ticket, and tear it up when your bet doesn’t pay off. However, if you’re lucky — or skilled — you get to take your ticket back to the window and collect your winnings. The following list spells out the betting procedure step by step: State the name of the racetrack.
You’re betting on horse races and want to know how much your winning bet will give you. To compute your $2 win price, take the odds of your horse and multiply the first number by 2, divide that by the second number, and then add $2 — simple as that! Following is a list of payoffs at various odds for quick reference: Odds $2 Payoff Odds $2 Payoff Odds $2 Payoff 1/9 $2.
Straight bets are the simplest kinds of lets you can place, if you're betting on a horse race. A straight bet means that you're betting on a single horse to do one good thing for you. (For those wanting bigger payoffs, try the family of bets called exotic wagers. Exotic wagers link up multiple horses in a vertical fashion or multiple races and horses in a horizontal manner.
The page you are looking for was recently moved. Don't worry, it's still here; it just has a new address: https://www.dummies.com/how-to/content/placing-a-straight-bet-on-a-horse-race.html
When it comes to betting on horse races, before you even place a bet on a horse you need to decide what type of bet to place. As the bets you can make range from a simple bet on a single horse in one race to choosing the winning horses for six consecutive races, you may need to the information in the followin
https://cdn.prod.website-files.com/6630d85d73068bc09c7c436c/69195ee32d5c606051d9f433_4.%20All%20For%20You.mp3

Frequently Asked Questions

No items found.