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In India, there are many betting games you can enjoy however, one of the best betting games that also comes with a legal background is horse race betting. If you wish to learn the horse race betting rules then you have come to the right place because in this article, you will gain insights on how horse race betting takes place in sportsbooks, along with the popular betting options, odds with W88 examples and three helpful betting tips for beginners.
Horse Race Betting Rules – How is it played?
Horse race betting is taken place in sportsbooks just like any other betting wherein you must wager to determine the winner of various outcomes. However, unlike sports like tennis, cricket, or football, Horse race betting requires you to choose one horse out of many participating in the race in the Sportsbook. So, understanding that horse race betting rules heavily lies in understanding the different kinds of betting options offered.
That being said, the betting rules for horse racing is simple wherein you log into a website and select your preferred sportsbook, then you must find a horse race and click on your preferred option to wager on. Most sportsbooks offer virtual horse races whose matches takes place within 5 minutes. To know more about the betting rules for horse racing read on.
3 Popular Horse Race Betting options in Sportsbooks
Unlike normal sports, the betting options under horse race betting is different. Below mentioned are 3 of the popular horse race betting options that you will come across in the Sportsbook. These betting options are easy to play and understanding these would help you understand important horse betting rules online.
Place: These bets requires you to wager to predict which place the horse you wager on would score by choosing from 1st, 2nd, 3rd, or 4th place.
Exacta: The second kind of betting option is the Exacta bet which requires you to choose two horses to wager on to predict the 1st and 2nd place in order.
Quinella: Just like the aforementioned bet, the Quinella bet requires you to wager on two horses to predict the 1st and 2nd place in any order.
Horse Race Betting Odds and Payout
Let us now move onto the next section in our article and introduce you to how the horse race betting odds and payout takes place online. For this we will be making use of the W88 Sportsbook example of a real match. Understanding betting odds is one of the most crucial aspects of learning horse race betting rules, and the decimal odds are popular.
Decimal betting odds are popular as it follows a simple formula appealing to many beginners. The formula used to calculate odds in the decimal format is: Odds x Stake = Payout. Let us now take a table below to show you two examples of horse race betting rules of odds.
Wagered on Horse 1
Wagered on Horse 2
Betting odds: 17.75
Betting odds: 6.75
Betting stake: ₹100
Betting stake: ₹100
Payout: ₹1,775
Payout: ₹675
The table above applies the decimal odds formula to show you the potential payout returns in the sportsbooks. Moreover, here you will see how higher odds are different from lower betting odds in the sportsbook. Higher odds pay more since there are more odds to defy while lower odds pay less because there are fewer odds to defy. With this, you have got a good understanding of horse race betting rules.
3 Tips for Betting on Horse Races online
Before we leave, let us provide you with 3 helpful betting tips and tricks for horse race betting in sportsbooks. Horse race betting is extremely simple but using simple tips from experts can enhance the way you place wagers in sportsbooks.
Make use of previous results: The first thing you should do as a beginner is make use of the previous results in the sportsbook so that you know the strength differences between the horses making it easier to choose a bet.
Wager on two or more place winners: Secondly, it is best to wager on more than one horse since the more number of bets placed means that the chances of winning increases.
Do not wager on all the matches: It is best to save bankroll balance and for that selectively wagering on matches in a league is a great bankroll management strategy.
Conclusion
Learning the Horse Race Betting Rules is extremely simple once you understand how it is done in sportsbooks by first hand experience. So, join the W88 Website today and claim a 200% up to ₹15,000 welcome bonus offer to wager on some of the hottest horse race betting matches today with stakes starting at ₹84 only. For more helpful understanding of horse race betting with betting guides, and tips and tricks by experts, keep visiting the W88indi website.
