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Online Sports Betting and Horse Racing

In the world of sports betting, horse racing is responsible for the majority of a vast number of bets placed online. In Canada, horse racing is a major spectator sport, with thousands of visitors flocking to the track while plenty more putting money down on the outcome at home. One of the reasons this type of racing is so popular is because it offers a huge range of markets, and there are usually multiple races on a single race day, which means more chances to win.

Ante-Post Betting

In the days leading up to a major event, bookmakers will offer ante-post betting. This is a type of future betting where you predict the winner of the race without knowing the exact starting line-up or barrier draw.  There are pros and cons to ante post mobile sports betting. On the one hand, the odds are more favourable, while on the other, if your horse pulls out before the race, the wager is lost.

Basics for Beginners

Horse racing attracts all types, from the novices to the experienced professionals. For anyone just starting out, the easiest wager to place is the straight win bet. This is where you simply predict the winner of a particular race. Bookmakers will post the starting odds with the favourites having the lowest odds, while the outsiders sit at odds of 9.00 or higher.

Another popular option for beginners is the place. All the best mobile sports betting sites will offer place, as well as “Each Way” bets. With a place, you pick one horse to finish anywhere in the top 3. This makes it easier as your horse doesn’t necessarily have to win in order to pay out. Subsequently, the odds are lower for place wagers.

Each Ways combine win with place bets. It is essentially two combined into one and will pay out if your horse wins or places. In this case, the winnings for placing are calculated at a percentage of the original odds. If your horse wins, you receive full payout, if it places, you receive a smaller percentage.

Multis and Exotics

More experienced enthusiasts may choose to place multi or exotic bets at sports betting CA sites. Multi bets are combined with two or more wagers. The most basic multi is the “Doubles” bet. This is where you place two straight win wagers on two separate races at the same race meeting. If both win, the payout is much larger, however, if only one of the wagers is successful, it will not pay out.

More examples of multis include the trebles and parlays. Horse racing betting also offers a selection of exotic options including a quinella, the exacta and the trifecta. Quinellas are where you predict first and second place in any order. Exacta is where you predict the same in correct order. A trifecta wager is where you predict the first, second and third place in the exact order.

Things to Consider

With any type of racing a lot of research must be done before placing a wager. There are many different factors that can influence the outcome of the race. Aside from the racing history, factors to consider include the current fitness, recent running, stable changes, trainer changes and recent injuries. As far as the track goes, things like the barrier draw can play a role as well as the type of surface and the total race distance.

Only once all these factors have been considered should a wager be made at online sports betting Canada sites.