Let’s dive right into it the beauty that is horse racing betting and horse racing Odds.
Betting on Horse Racing with Mobile Wins
If this isn’t your first rodeo, skip intro and follow the steps below. So you can start your horse betting adventure… right out the gates.
Time needed: 5 minutes
Horse Betting in 9 Easy Steps
- Create Your Account
Sign up for your player’s account at Mobile Wins Casino & Sports. Simply follow the self-explanatory steps
- Deposit Funds
Deposit funds so you can place bets. We offer a wide variety of payment methods
- Grab a £30 Free Bet
Make sure to claim our Welcome Bonus upon your first deposit
- Go to our sportsbook…
…and navigate to the horse racing section. Here, you’ll see a list of upcoming races from tracks around the world
- Select Your Race & Bet
Choose the race you want to bet on. After that, select the type of bet (e.g. win, place, show, exacta, trifecta, etc.)
- Choose Your Horses
Once you’ve selected your race and bet type, it’s time to choose the horses you want to bet on
- Enter Your Stake
Enter the amount you want to wager on your bet. We’ll automatically calculate your potential winnings
- Place Your Bet
Confirm your bet with a click. Review the details to ensure everything is correct before finalising your wager
- Monitor Your Bets
You can monitor the progress of your bets in real-time. Keep track of the race results and see how your bets perform
- Withdraw Your Winnings
Successful bet? Then you can withdraw your winnings from your account. We offer multiple withdrawal options.
Examples of Horse Racing Betting
Let’s make the act of horse race betting more tangible. Because when betting on races in the UK and Ireland, for example, you want to make sure you understand exactly what you’re looking at.
Example 1 – Win Bet
You place a £10 bet on a horse to win with horse racing odds of 5/1. If the horse wins, you’d receive £50 in winnings, plus your original £10 stake.
Example 2 – Exacta Bet
You decide to go for a £5 exacta bet on two horses to finish first and second in the correct order. Odds are 10/1 and 8/1, respectively.
If both horses finish in the order you predicted, you’d win £400, plus your original £5 stake.
Different Types of Horse Racing
Have a look at some of the most common types of horse racing:
Thoroughbred Racing
The most common and widely recognised form of horse racing. It involves flat racing, where horses gallop directly between two points on a straight or oval track. And steeplechase racing, where horses race over obstacles such as fences and ditches.
Harness Racing
In harness racing, horses pull a two-wheeled cart called a sulky – while trotting or pacing around a track. The driver sits in the sulky and guides the horse with reins.
Endurance Racing
Endurance racing tests the stamina and endurance of both horse and rider over long distances. These range from 25 to 100 miles and on varied terrain.
Think trails, mountains and deserts. As you might expect the goal is to complete the course within a specified time frame.
Quarter Horse Racing
This type of horse racing features short-distance sprints, typically ranging from a quarter mile to 440 yards. Quarter horses have explosive speed and agility. Making them well-suited for quick bursts over short distances.
Arabian Racing
Purebred Arabian horses compete in flat races similar to Thoroughbred racing. They combine endurance, intelligence, and agility. Making Arabian racing a test of both speed and stamina.
Horse Racing Bets Explained
Types of Horse Racing Bets
Horse racing offers a variety of betting options, including win, place, show, exacta, trifecta, quinella, and more. Each bet type offers different horse racing betting odds and payouts.
The most common bet is a pre-match bet. And yes, live betting is possible as well, but you have a short window. Since most races finish within a minute.
Best Bet in Horse Racing
It all depends on your goals and risk appetite. You may prefer straightforward win bets for higher chances of success. Or go for exotic bets like exactas or trifectas for larger potential payouts.
Most Popular Horse Racing Bet
The win bet is arguably the most popular horse racing bet, where you simply pick a horse to win the race. It’s straightforward and potentially offers immediate rewards.
Most Profitable Horse Racing Bet
Exotic bets like exactas, trifectas, and superfectas have the potential to be the most profitable horse racing bets. They offer larger payouts if you correctly predict the top finishing horses in precise order.
Safest Horse Racing Bet
Show bets are pretty much the safest horse racing bets. With a show bet, your chosen horse only needs to finish in the top three.
Easiest Bet to Win
We recommend straight win bets. Where you choose a single horse to win. Lower payouts compared to exotic bets, obviously. But it’s a solid way to get comfortable with horse racing betting.
Horse Betting Odds Explained
Understanding horse betting odds is essential for making informed wagering decisions. Odds represent how likely a particular outcome is. And determine the potential payout for a winning bet.
Here’s how horse betting odds work:
Fractional Odds
You usually get Horse Racing Odds in fractional format, such as 2/1 or 7/2. The first number represents the potential winnings. The second number indicates the stake.
Example 1 – 2 to 1 Odds
Horse Racing Odds of 2/1 mean you would win £2 for every £1 wagered – plus your original stake if your bet is successful.
Example – 7 to 2 Odds
If a horse has odds of 7/2, it means you would win £7 for every £2 wagered, plus your original £2 stake if the horse wins.
Let’s say you bet £10 on a horse with 7/2 odds. If it wins, your total payout would be £35. (Breakdown: £7 winnings for every £2 bet, multiplied by your £10 wager. Plus your original £10 stake).
Understanding Probability
If you see lower odds this means the probability of you winning is higher. While on the other hand higher odds show your chances of success are lower. In short, odds of 2/1 more likely results in a win than those with odds of 7/2.
Positive vs. Negative Odds
Positive Horse Racing Odds (e.g. 2/1) indicate potential profit if your bet wins. While negative Horse Racing Odds (e.g. 1/2) represent the amount you need to wager to win £1 in profit.
Which Odds Are Likely to Win?
Want to determine which odds are likely to win? Then make sure to look at various factors. This includes the horse’s past performances, track conditions, jockey/trainer statistics, and current form.
Make sure to look at the odds and your confidence in a horse’s ability to win. This is your starting point when you evaluate a betting opportunity.
Horse Racing Betting Strategy
Betting without strategy is basically betting and hoping for the best. Here are some tips to give your bets a proper foundation.
Best Horse Bet for Beginners
Straight win bets are a great starting point. This simple bet involves selecting a single horse to win the race. With straightforward odds and immediate rewards if successful.
Number of Horses to Bet on in One Race
We advise you to limit your bets to one or two horses per race, especially if you’re a newbie. This makes it easier to bet more strategically. Not to mention it’s better risk management.
80-20 Rule in Horse Racing
In a nutshell: 80% of your bets should be conservative (e.g., win, place, show). While you can enjoy more speculative bets (e.g., exactas, trifectas) with the remaining 20%.
It is a good balance between risk and potential reward. Plus it increases your chances of becoming a profitable bettor in the long run.
Best Time to Bet on Horses
The best time to bet on horses is often shortly before post time. Because this is when the most accurate information about track conditions, horse form, and Horse Racing Odds is available.
Smartest Way to Bet
Do thorough research. Have a disciplined approach to your bankroll. Wager with a strategic approach.
Focus on value bets with favourable odds. Avoid chasing losses. And stick to a sound betting plan.
Famous Horse Racing Events
Cheltenham Festival (United Kingdom)
The highlight of the British National Hunt racing calendar. Featuring the famous Cheltenham Gold Cup and the Champion Hurdle.
Royal Ascot (United Kingdom)
Major event in British horse racing. Encounter royalty, celebrities, and horse racing enthusiasts from around the world.
Grand National (United Kingdom)
One of the most iconic steeplechase races in the world, renowned for its challenging course and thrilling jumps.
Kentucky Derby (United States)
Without a doubt one of the most prestigious horse races in the world. Attracting top thoroughbred horses, jockeys, and trainers. And US Horse Racing bettors.
Horse Racing Betting Bonus
Join Mobile Wins Casino & Sports now and grab a Get a Free Bet Bonus of £/$/€30.
That’s an extra £$€ 30 from us to bet on horses with. You get to keep your winning (minus free bet stake) after 1x wagering.
Frequently Asked Questions about Betting on Horse racing
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How long is a typical horse racing track?
The length of a horse racing track can vary, but most tracks are around one mile (1.6 kilometers) in length for flat racing. For steeplechase or hurdle racing, tracks may be longer and include jumps.
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What are the main types of horse races?
The main types of horse races are flat racing, steeplechase (jump racing), and harness racing. In flat racing, horses run on a level track without any obstacles. Steeplechase involves jumping over hurdles and fences, while harness racing involves horses pulling a driver in a two-wheeled cart called a sulky.
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How are horses classified in races?
Horses are classified based on their age, sex, and racing performance. Different races have specific criteria for the horses allowed to participate, such as age restrictions and handicapping weights.
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How do bookmakers set odds for horse racing?
Bookmakers set odds based on the perceived chances of each horse winning the race. Factors like the horse’s past performance, jockey, track conditions, and the betting market influence the odds.
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What is a horse’s form in horse racing?
A horse’s form refers to its recent racing performances, including the positions and results in previous races. Understanding a horse’s form helps bettors assess its current condition and potential for success in upcoming races.
Other Questions?
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