About Horse Racing Odds
Watching and going to the horse races is such an exciting time. Betting on the horse races is even more exciting. The odds of winning a betting is a bit difficult. If you are willing to risk it, you may win big. Knowing about horse racing odds will help you to win on your horse.
History of
Horse racing has been practiced throughout the centuries, dating back to the chariot racing during the Roman times. Horse racing is also know of the Sport of Kings. Horse racetracks in the United States were first built in 1863 at Saratoga Springs, New York. In 1905 in Belmont Park in Elmont, New York another horse racetrack opened and it's mile and a half track is the largest dirt thoroughbred race course in the world.
Type
Betting on horses makes watching horse races exciting. Three types of bets are to win, to show, and to place. Betting a horse to win means that you are betting that horse to come in first place. To show means a horse can come in first, second, or third place. To place means a horse can come in first or second. Betting a horse to win is riskier, but the rewards are better.
The Facts
Look at the large board, called the tote board, that holds all of the horses odds. The tote board shows what you will get paid based on how much money you wager. The tote board shows the horse racing odds. For example, if a horse is 5:2 and you bet $2 then you will win $5. Most horse racing tracks require you to make a minimum $2.00 bet. The tote board changes depending on the amount of bets made. Your winnings depend upon the last change not on when you placed your bet.
Features
Horse racing odds displayed on the tote board are determined by taking the amount of money bet on a horse and the total percentage amount of money placed on all horses. The horse track also subtracts a portion of the money to pay to taxes, horses, jockeys and profit, usually 10 percent to 20 percent.
Risk Factors
Consider the horse and the jockey's reputation. Know about other races that the jockey and horse have raced and bet accordingly. The reputations are the risk factors the affect the odds of horse racing before you consider all other factors.
Study the jockey and the horse right before the race. The condition of the horse compared to the other horses matter when placing your bet. The emotional state of the horse and whether it looks like it's ready to run affects the odds of the race.
Type
Thoroughbred horse racing is one of the most popular forms throughout the world. Harness racing is another type of horse racing and is more popular than Thoroughbred in Canada and parts of Europe. Quarter horse racing is popular in the western United States and in Florida. In the Middle East and most of Europe Arabian horse racing is popular.
