Betting on Horse Racing – a Basic Guide for New Punters

admin — Fri, 27 Nov 2009 18:12:32 +0000

Horse racing is a major sport across the globe and has a long and illustrious history. Everybody has heard about chariot racing in the Roman era and since then horse racing has often been associated with betting. As a result of that some folks are prepared to pay vast fees for a horse which they think can make them a lot of money. As a matter of fact it would be accurate to say that the breeding, purchasing and sale of race horses plays a really important part in supporting the gambling sector as a whole. Along with football, online betting on horse racing accounts for a large proportion of turf accountants business such as Totesport.com.When betting on a horse there are a number of ways that can be achieved. Examples of the more popular ways to place a wager are standard betting and spread betting. A standard bet is the most simple and involves choosing a particular horse to back for which the odds appear attractive. A more convoluted sort of betting is called spread betting which has boomed in popularity lately; this is similar to buying and selling shares at the stock exchange. The object of the exercise is to acquire a certain amount of points which are assigned a fixed value by the spread betting company, this is normally the choice of more proficient gamblers.Punters have diverse options for spread betting, these include gambling on the favourites index where you can gamble on the number of favourites which will win at a certain meeting; or the jockey index which works the same way, letting punters gamble on jockeys instead of the horses. Thoroughbred racing is very popular, and this is the form which is most predominant in the UK. The principal thing that distinguishes one variety of horse racing from another is the breed of horse involved; generally these can be divided in to four disparate groups; Thoroughbreds, Standardbred, The Quarter Horse and last but not least the Arabian. Thoroughbred horses are bred to be able to traverse middle distances at a very fast rate and can be worth hundreds of thousands of pounds so breeding and racing thoroughbreds can be a lucrative business. The distances of Thoroughbred races can fluctuate, but they are commonly between 5 and 12 furlongs; a furlong approximately equals an eighth of a mile. Something which sets horse racing in the Britain apart from the rest of the world is the rigorous restrictions on whipping the horse to make it go quicker; in the UK jockeys are not permitted to raise their whip higher than their shoulder to prevent them hitting the animal too hard.One closing point to take note of is that bookmakers will on occasion try and lure you into placing bets on horses which are less likely to win by giving you odds which result in huge payouts, as they are certain that these horses or series of outcomes will not occur.

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Betting on Horse Racing – a Basic Guide for New Punters