Recently updated on January 5th, 2023
Horse racing betting is one of the most popular sports that players enjoy betting on. Betting on horse racing is easy and also quite fun. People have been gambling on horse races since horses have been running.
Bookmaking on the outcome of horse races can be profitable if you know what you are doing. You can beat the odds as well. Find as a complete guide on horse racing here. We have compiled a frequently asked questions guide for you. We covered the most common FAQs that both new and existing horse racing punters mostly ask. Ready? Let’s get started!
How do I Place a bet on a Horse Race?
Betting on horse racing is not a complex procedure. Mostly you place your wager, have your ticket, and only tear it up when your wager doesn’t pay off. However, should you be lucky you can take your ticket back to the window to collect your winnings? Check out the following steps on how to place your wager?
- Name the racetrack.
- Put what number race you’re gambling.
- State the amount of your bet.
- Name the type of wager.
- State the number of the horses you’re using.
- Make sure that you check your ticket before you leave the window.
What races do Matchbooks offer?
Matchbook Horse Racing offers different racing. Events from UAE, USA, France, and Australia are also offered.
What horse races are offered live on Matchbook?
Matchbook offers UK racing in-running. International and In-running Irish racing is planned for release in the near future.
What are the different kinds of horse racing wagers?
There are many different kinds of horse racing bets that you can make. These include a show, straight bets for horses to win or exotic bets such as exacta, superfectas, trifectas, daily doubles, head-to-head bets and many more.
What is the tote board?
If you attend a horse race, the tote board is the large infield board with the flashing lights to attract attention from you. “Tote board” is short for “Totalisator. “On the board, you can see current odds for every horse racing and the total wagers on each.
What tracks are on offer?
All the major North American tracks and several minor tracks are offered. We also offer fixed odds markets on some of the international races.
What are the Minimum and Maximum wagering limits?
Minimum and maximum bet limits differ from track to track. Also, there are different limits depending on the bet form.
Do you pay Full Track Odds?
Payouts differ according to the bet type and the track. In most cases, Full Track Odds on win are paid, also the Place and Show bets. For combination wagers, Full Track Odds with Limits or Caps are paid. As a general rule, the bigger the track, the higher the payout cap or limit.
Can you make money from horse racing?
There are numerous ways to make money gambling on horse racing. Bettors should know what a bet type is best suited to its strategy. If you put more focus on making with small margins for a long time then you will be best suitable to win.
What happens if you wager on a horse that scratches?
If the runner scratches, then you bet money gets refunded.
How do horse racing odds work?
9/4: For every 4 units you bet, you receive 9 units if you win (including your stake). If you see slight odds the other way – like 1/4 – it is called odds-on and it means the horse in question is a hot favourite to win the race. Better known as Four-to-one on”.
What Are Exotic Wagers?
Exotic bets cover wagers on more than one horse. These stakes are harder to win, but payout at higher odds than standard win, place and show bets. There are several different kinds of exotic bets, some cover multiple horses in a single race while others only cover horses from dissimilar races.
What Is an Exacta Bet?
An exacta bet is a stake on two horses that are going to finish in first and second place. In order to win the exacta wager, pick not only the correct horses but choose the correct order in which they are going to finish.
What Is a Trifecta Bet?
A trifecta is a stake on the three horses that are going to finish in a given race. Such as an exact, you shouldn’t only select three precise horses, choose them in the precise order in order to win the wager.
What Is a Quinella Wager?
A quinella bet is more the same as an exacta bet in that you must choose the two horses to finish first and second in a race. However, this wager does not require you to choose the order they will finish in.
What Is a Daily Double Bet?
A daily double wager is one made on two distinct races, frequently the first two that are held on a racing day. The impression is to choose the winners of both races before time, with a good payout if you can do so successfully.