bet racingis rooted in centuries-old traditions and forms an intrinsic part of betting and entertainment history.
Beginning in ancient times, when Roman and Greek nobles organized horse races as prestigious social events, horse betting developed into a widespread practice around the world.
The fascination with racehorses transcends cultures and time periods, with historical records highlighting their popularity in civilizations as diverse as ancient Rome, the British Empire, and the Chinese Empire.
The history of horse racing betting is a testament to the durability and timeless appeal of these events, which continue to entertain and captivate audiences, whether at traditional racetracks or on modern digital platforms like BC.GAME.
Horse Racing Betting Types
While Triple Crown events such as the Kentucky Derby, Preakness Stakes, and Belmont Stakes command all the attention of sports enthusiasts, horse racing takes place almost every day of the year at tracks around the world.
Picking the winner of a race is the most basic task in horse racing betting.
However, there is a large menu of options to choose from. There are two categories of horse racing bets: straight bets and exotic bets.
direct betting
When making straight bets, you focus on the performance of one horse in a single race. There are four versions of direct betting.
- win. In this bet, the favorite horse must finish first and win the race. Only then will your ticket be a winner. Winning bets carry a higher risk than other straight bets and therefore pay more.
- location. Bet on which horse will finish first or second. The payout for a place bet is less than a win bet (lower risk due to the two possible payout outcomes), but you receive a payout if your horse finishes first or second.
- podium. You are betting on which horse will take 1st, 2nd or 3rd place. This is also called “hitting the board.” Due to the nature of this bet, there are three options (top 3), so you have a higher chance of winning, but the payout is much lower than a “Win” or “Place” bet.
exotic bets
Exotic bets give you the option of combining picks from the same race or multiple races into a single bet amount.
Exotics have the potential for much higher payouts than regular bets, but carry higher risk due to the numerous outcomes involved. All selections included in an exotic bet must be correct to be considered a winner.
There are many betting variations on exotic horse racing.
- Exact bet. You bet on the combination of horses that will take first and second place. You can bet directly or alternately between selections. This means that your bet will win as long as your selections are in the top two, regardless of their order.
- Trifecta Betting. The Trifecta bet is similar to the Exacta bet, but you pick the top three finishers in the race. You can bet directly, use a triple box, or involve multiple horses. Of course, the more horses you include on your betting slip, the greater the risk value.
- Select a 3, 4, 5 or 6 bet. The winner of each race must be selected sequentially. The “pick” number refers to the number of consecutive runs, not the order of completion. You can bet directly or with exotic bets, and you can include more horses in each race. However, the more horses there are, the more rapidly the cost of betting tickets increases.
How to read horse racing odds?
Horse racing odds are most often expressed as fractional odds. This basically means that you need to do some simple calculations. Divide one number by the other and then multiply that sum by the bet amount.
When factoring fractional probabilities, the only thing that matters is how the numbers are represented. If you divide a larger number by a smaller number (e.g. 3/1), the odds will pay out more than the original risky bet.
However, if you divide the smaller number by a larger number (e.g. 1/3), the odds will pay out less than the original risky bet. For example, odds of 3/1 pay out three times the amount at risk (300%), so betting £2 would net you a profit of £6 if you win.
Odds of 1/3 will only pay out 33.33% of the amount at risk. So if you bet R$2, you will only profit R$0.67 cents if you win. Odds of 1/1 pay out the same amount as you risk, so if you bet R$2 you will make a profit of R$2 if you win.
The best cryptocurrency casinos for your betting
Over the centuries horse racing betting has evolved, incorporating new technologies such as the development of betting shops and, more recently, Online cryptocurrency platform.
This rich tradition reflects not only the passion for equestrian sports, but also the complexity and diversity of betting methods over time.
One of the best ways to enjoy horse sports betting online is to choose a casino that has everything you need to place big bets. BC.GAME offers a variety of sports options, events and casino games.
A new betting feature is available for horse racing enthusiasts. These new features allow players to bet on horse and greyhound races around the world and buy and sell cryptocurrency using our casino.
Feel the adrenaline of racing, choose your favorite horse and experience the thrill of betting on horses that take on the track. With a variety of options and an intuitive user experience, BC.GAME provides an exciting experience for horse racing enthusiasts regardless of their betting experience.
Experience the excitement, strategy and fun that horse racing betting has to offer.