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Horse Racing Betting Guide

For some people, horse racing betting is all about the thrill of the chase. For others, however, it’s about being able to make a small bit of money. No matter why you want to take part in betting on horses, there’s a guide that will show you how to do so.

If you’re interested in learning how to make horse betting bets, the first thing you need is to find a good Singapore pools horse racing guide. There are dozens available online, but today, we will be discussing some of the basic stuff you need to know about betting in this particular sport.

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What’s so fun about betting on horse racing?

The appeal of horse racing betting is that it is a great way to enjoy the thrills of horse racing while getting an opportunity to make money. It’s important to educate yourself on the ins and outs of betting on horse racing if you want to become a successful bettor.

Not only will you be learning new betting strategies, but you’ll also develop an appreciation for how equine sports work. You may even get a new friend or two. Who knows, you may even land a new career on horse racing betting for good!

Most horse racing betting guides focus more on teaching you how to analyze horse statistics. While this can be useful, it can also be a little too broad and cover a lot of horse racing information that doesn’t have use to you. That’s why we will try to dissect only those that really matter.

Finding a reputable sportsbook

It should not come to you as a surprise that choosing the right bookmaker or sportsbook should be one of your top priorities before you even make any bets. Whether we’re talking about physical venues or casino singapore sites, that’s where things get started.

A good bookmaker knows how important it is for them to find the sweet spot where everyone gets to have fun, regardless of the learning gap of a bettor. They offer the best selection of bets and ensure that bettors can get the most value out of their money, win or lose.

How to place a wager

Unlike any other sports that you can wager on, betting on horse racing is far simpler. In most cases, you simply have to make a wager and purchase your ticket. While different betting venues may have different procedures on how to place your bets, they are mostly accomplished through the following steps:

1.    Identify the name of the racetrack

2.    Identify the race number you are betting on

3.    State the amount of money you’re placing as a bet

4.    Choose the type of wager

5.    Choose the number of the horse(s) you’re rooting for

6.    Review your ticket before confirming the purchase

Types of horse racing bets

Just like most other sports , horse racing has several kinds of wagers and betting markets that you can choose from. Each kind of wager has different probability and winning rates. And of course, some betting types are way cheaper, while others are a bit more expensive than usual.

Here are some of the most popular horse racing bets based on difficulty that you’ll come across many betting websites like Singapore Pools:

Easy to moderate difficulty

Show – normally costs $6 per horse, your pick should simply need to finish at 1st, 2nd, or 3rd place to win.

Place – costs $5 per horse, your pick needs to finish at 1st or 2nd place to win.

Win – only costs $4 per horse, your pick should finish 1st place.

Quinella – picking three horses in normal plays, your picks should finish at 1st and 2nd place in any order.

Hard difficulty

Exacta – your horses should finish at 1st and 2nd place in exact order.

Trifecta – similar to exacta, your picks should finish at 1st, 2nd, and 3rd place in exact order.

Superfecta – your horses should finish at 1st, 2nd, 3rd and 4th place in exact order.

Daily Double – your picks should win two consecutive races.