Horse Racing Bets

Horse racing is an equestrian sport that has been practiced over the centuries; the chariot races of Roman times are an early example, as is the contest of the steps of the god Odin and the giant Hrungnir in Norse mythology. It is often inextricably associated with gambling. The common nickname for Thoroughbred horse racing is The Sport of Kings.

Meeting and event planners who are organizing an event at a thoroughbred horse track should understand some wagering and terminology basics of thoroughbred horse racing prior to the program - you'll probably find yourself in a position to offer some wagering tips or explain the betting process at the horse track.

The basic wagers you can make on horse races are the same at the track, in the casino race books and at off track betting sites. Understanding the different wagers and how they pay off will make you feel comfortable walking up to the window to place your bets. Straight bets are the most popular bets made on horse races and the account for most money bet on a horse race by the average bettor.

Horse Racing Form will provide information about the purse which is the prize money that must be split between the owner, trainer and jockey. Prize money is also distributed, on a sliding scale, to those finishing in the first few places. The form also provides detail on the distance of the race which is very important. Flat races are usually run at distances from 5 to 12 furlongs. A furlong is one eighth of a mile or 0.2 km. It will also give all of the race details, the horse's odds at the beginning of the day and will keep you informed of the changes that occur with that horse during the day.

The form will tell you the color of the saddle cloths that the horses are wearing so that you can tell them apart basically. You will need to know the post position which tells you which position is assigned to the horse in the starting gate. Of course you will want to know the name of the horses too, which is listed on the forms. Owners often use a name that stands out and is easily recalled by bettors. Actually, some bettors bet on name alone.

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Source by Jockson William