How to Bet on the Ponies

Crowd enjoying horse racing competition in stadium. Growing up, I never visited a cavalry track or saw a single knight race. That all changed when I met Kate and married into a horse race-loving class. Rick Surwilo, my father-in-law, had started going to the racetrack as a adolescent with his class. This was a fourth dimension before lotteries and casinos, and horse race was the lone legal form of gamble, so it was something in truth different to go and do. His family lived in Connecticut but had bought a fiddling base in Woodford, Vermont, and Rick ’ s dad loved to take the wife and kids to the Green Mountain Race Track in Pownal, just a little ways confederacy of there. They ’ vitamin d set up their lawn chairs by the finish line, and Grandpa Surwilo would take everyone ’ sulfur orders and go relay the bets to the tellers .Horse racing competition. When I started dating Kate, one of our first, and most romantic, dates was when she took me to the racetrack here in Tulsa. We had a bang-up time betting on a few cavalry races while snuggling in the bleachers as a thunderstorm rolled in.

After Kate and I got limp, her parents would take us to the horse races every other summer or therefore, and even gave us hapless newlyweds a little boodle to bet with. Rick ’ s founder had long since passed away, but Gram Surwilo–every edge the stereotyped feisty Italian grandma–still loved to go and bet on the ponies, just as she had in the honest-to-god days in Vermont. I actually enjoyed these outings with my extend family, and placing a few bets myself, but I true had no theme what I was doing. I largely just picked the horses with the names I liked best. then I jumped at the prospect America ’ randomness Best race offered me a copulate of months ago to come see the Spiral Stakes at Turfway Park in Florence, Kentucky, and get some lessons on how to bet on the ponies. Kate and I had a great fourth dimension there and learned a long ton. Betting on horses is a draw more complicate than I had imagined, but it ’ sulfur truly a bang-up hand of fun. today, I ’ ll share some of the basics of what I learned, so that the horse racing newcomer can take advantage of this fantastic spring weather and go polish to their local anesthetic racetrack ( or the Kentucky Derby ! ) feeling like they know what they ’ re doing .

Why Go to a Horse Race?

Men reaching at finish line in horse racing competition. Before we get into the artwork of dissipated, let ’ s talk about why you ’ d want to visit a cavalry racetrack anyhow. possibly you ’ ra think, “ That ’ south something my grandfather liked to do, but I ’ megabyte not concern. ” Watching cavalry race at the higher levels of the sport is a fantastic experience. I ’ m in truth not much for any other forms of gambling, and personally don ’ deoxythymidine monophosphate see the playfulness in losing my shorts in some dark, smoky casino. But horse race I like ; it feels like entertainment, an experience, an out. I like that I ’ molarity outside. I like that there ’ s a batch of history and tradition behind it. All in all, whether I win or lose money, I distillery have a bang-up time. These days if you want to take the family to a professional basketball or football game, the tickets and food can easily run you $ 400. entrance fee to a racetrack is often free, the minimum bet on each sawhorse race is fair $ 2, and you can sometimes bring your own food and drinks. You get to spend all good afternoon and flush outside, watching beautiful animals perform at their acme ability. And all this can run you less than a tripper to the movies. And if you ’ rhenium looking for an low-cost, alone date, where you won ’ triiodothyronine run out of things to talk about, look no far !

Types of Horse Racing Bets

Oldest horse racing track. You have two categories of wagers to choose from when you bet on the ponies : straight wagers and alien wagers. For a novice, I recommend sticking with uncoiled wagers. They ’ re simple and bum. You merely pick one cavalry to come in first, second, or third gear. The minimum bet at most tracks for a straight stake is good $ 2. exotic wagers allow you to make multiple bets on multiple horses in a individual bet. exotic wagers are by and large much more unmanageable to win than square wagers, require an advanced degree of skill and cognition in horse pick, and are more expensive. however, the payoffs on exotic wagers are much greater than uncoiled ones. Straight Wagers Remember with a straight stake, you only bet on one horse .

  • WIN– You’re betting that your horse will come in first place. If your horse finishes in first, you get to collect.
  • PLACE– When you bet on your horse to “place,” you’re betting that he will come in first OR second. If your horse finishes in first or second, you get to collect. Payout for a place bet is less than a win wager, but you do have the security of being able to cash in if your horse finishes in the top two spots.
  • SHOW– You’re betting that your horse will come in first, second, OR third. Since you’re hedging your bets, you have a higher chance of winning, but the payout for a show bet is substantially less than a win or place wager.
  • ACROSS THE BOARD– When you bet across the board, you’re betting your horse to win, place, AND show. An across-the-board bet is what’s called a “combo straight wager” because it’s three different bets (win, place, AND show) in one. Because it’s three bets in one, an across-the-board bet is more expensive than a simple win/place/show wager. For example, a $2 across-the-board wager will cost you $6, because you’re making three $2 bets. If your horse comes in first, you get the win, place, and show money. If your horse finishes second, you get place and show money. If your horse comes in third, you just get the show money. Across-the-board bets aren’t usually a good wager because they’re expensive and have less profit potential.
  • WIN/PLACE, PLACE/SHOW– Similar to an across-the-board bet in that you’re making multiple straight wagers in a single bet. In a win/place bet, you’re betting your horse to win AND place. If he wins, you collect both the win and place money. If he finishes second, you collect just the place money. In a place/show bet, you’re betting that your horse will place and show. If your horse finishes second, you collect the place and show money; if he finishes third, you just get the show money. Because you’re placing multiple wagers on your horse in a single bet, a win/place and place/show is more expensive. A $2 win/place bet will cost you $4 because you’re betting $2 that your horse wins and $2 that your horse places.

Exotic Wagers exotic wagers allow you to bet on multiple horses in a individual bet, allowing you to increase your profit electric potential. But as I mentioned above, they ’ ra much harder to win than straight bets, can get expensive if you ’ rhenium not careful, and require much more skill in handicapping horses. Feel free to experiment with some exotic wagers after you ’ ve done a few straightaway bets .

  • EXACTA– You’re betting on two horses to come in first and second in an exact order. For example, if you placed a $2 exacta on horses 3 and 5, you can only collect if horse #3 comes in first and horse #5 comes in second. Exacta bets are popular among skilled horse handicappers because the payoff can be very lucrative. You can also “box” your exacta bet which means your two horses can come in any order in the top two spots and you still win. Boxing an exacta costs twice as much as a straight exacta bet. So a $2 box exacta on horses 3 and 5 will cost you $4.
  • QUINELLA– With a quinella bet, you’re betting on two horses to come in first and second in any order. As long as your two horses finish in the top two spots, you win. So if you placed a $2 quinella bet on horses 1 and 6, you can collect if horse #1 and horse #6 come in first and second in any order. You might be thinking, “What’s the difference between a quinella and a box exacta? Both let you win if your two horses come in first or second.” The big difference is cost: a $2 quinella bet costs $2 while a $2 box exacta bet will cost you $4. Why would someone pay more for a box exacta if it’s essentially the same bet as a quinella? The payout for a box exacta is generally more than a quinella bet, that’s why.
  • TRIFECTA– You bet that three horses will finish in first, second, and third in an exact order. If you place a $2 trifecta bet on 1-5-7, you can only collect if horse #1 comes in first, horse #5 comes in second, and horse #7 comes in third. You can also box your trifecta bet so you can win if your three horses come in first, second, and third in any order. Boxing a trifecta will significantly increase the cost of your bet because there are many combinations. So a $2 box trifecta bet will actually cost you $12 or a $1 trifecta boxed will cost you $6.
  • SUPERFECTA– You bet that four horses will finish, first, second, third, and fourth in an exact order. As with exactas and trifectas, you can box a superfecta at an additional cost. The minimum bet is often 10-cents, which makes it more appealing to many people.

I ’ m not going to get into “ keying ” horses with these alien bets. That ’ s a little bit excessively advanced for our purposes here. Basically, keying horses allows you to minimize your bet, while increasing your payout if you pick your horses right. It ’ randomness something that I ’ vitamin d search into once you get comfortable handicap horses with exotic wagers .

What to Say to the Teller When You Place Your Bet

Men purchasing tickets from woman for horse racing. Alright, so you know what kind of bet you ’ re going to make. now it ’ randomness time to place your count. If you ’ re at the racetrack in person, I recommend only using human tellers. The automatic tellers have big lines, and you risk being shut out of a race because some yokel is making multiple wagers and doesn ’ triiodothyronine know how to operate the calculator. There ’ second besides the risk that you ’ ll mess up your bet because you punched the amiss button. The human tellers are fast, accurate, and friendly. Have your money quick in your hand. Things move firm at the buffet, particularly a few minutes before post. You don ’ metric ton want to be the guy holding up the line because he ’ s fumbling through his wallet looking for his $ 2. once you get up to the counter, what do you say to the narrator so you don ’ metric ton fathom like an idiot and hold up the line ? hera ’ s your handwriting : Tell the teller the following in this order :

  1. Racetrack and race number (only if you’re betting on a race at a different racetrack than the one you’re at)
  2. Amount of your bet
  3. Type of bet you’re placing
  4. Horse’s program number

For case : “ Churchill Downs, race seven, $2 to win on #4. ”

If you want to do a quinella bet, tell them : “ $ 2 quinella on 3 and 5. ” now handwriting the teller your money and take your ticket. Keep it in a safe station. You ’ ll need it to claim your money if you win. You can tuck it in the front pocket of your shirt, or if you ’ re wearing a hat, stick it inside your hat isthmus .

How to Pick Your Winning Horse

Crowd seeing the winning position number on horse body illustration. so immediately you know how to place a count at the sawhorse races. With that bite of information, you can go to any track in America and have a effective time picking a random cavalry and betting your $ 2 on each rush. But if you ’ re like most people, your finish international relations and security network ’ triiodothyronine to simply pay $ 2 to watch a bunch of horses run around a cut. You actually want to win some money ! That ’ s what makes knight racing “ the most stimulate two minutes in sports. ” The suspense and thrill of knowing that each race can make you a bit richer is submerge. You can ’ t help oneself yourself from jumping up, pumping your fist, and yelling “ GO, BABY, GO ! ” as your knight turns the stopping point corner on the track and makes a break for the go. But how do you pick a winning horse ? There are literally hundreds of books and thousands of websites on disable ( that means picking ) horses and everyone seems to have a different opinion on what factors are the most authoritative to analyze when choosing a knight. While complain erstwhile luck is the biggest agent in whether you make or lose money ( specially for beginning pickers ), handicapping makes the races more fun because it gives you a sense of control, vitamin a well as something to chew over between each raceway. For the purposes of this post, I ’ megabyte going to keep the handicapping tips very, very basic. The goal is to give the first time race spectator pump enough information that he can go to a racetrack and not feel like he ’ second merely randomly picking horses to win. I ’ vitamin d love for all you horse racing junkies to chime in with your tips for our founder horseplayers. Get familiar with reading the race day program. Your ability to successfully disable horses will depend upon your ability to read the slipstream day program. The program is crammed with information that you can use to make bright bets. In it you ’ ll find a section for each race that day with the statistics and history on all the horses racing in a particular race. The lines of numbers and slang in a broadcast can be a snatch intimidating at first, but with a little practice you ’ ll be reading like a ( trailer truck ) pro in no prison term. I could devote an integral article to explaining how to read a rush sidereal day program, but I won ’ triiodothyronine. Equibase, the company that creates all the race day programs for every track in the U.S., has a great synergistic guide on how to read their race day programs. If you ’ ve never been to the knight races before, play around with it before you go. Look at what class levels the horse has been racing at. There are different levels of competition, or classes, in horse race. As you go up in class, you ’ ll find better performing horses and higher purses. There are four slipstream classes : maiden over races, claiming races, allowance races, and stakes races. Racetracks try to have races with horses at the same level of competition. Horses move up and down classes throughout the class depending on their performance and oftentimes a change in class can affect whether a sawhorse will win or lose. For example, let ’ s say the subspecies you ’ ra bet on is a $ 40,000 allowance race. You have your eye on a horse, so you check its past performance in the platform. It looks like he ’ randomness been systematically coming in first and second, but you notice that his former races have all been claiming races. While it ’ randomness capital that this cavalry has been bumped up a class, in this finical race he might be outclassed by the other horses who have experience in performing in allowance races. So it might not be a good estimate to bet on this knight to win in this especial race. Past performance on surface type. Racetracks have different surfaces that the horses run on. Some have natural scandal and supergrass tracks while others have artificial “ all-weather ” tracks. Horses perform differently on each type of open. Some horses love crap tracks, but don ’ t like the spirit of artificial tracks and vice versa. The course of study tells you each knight ’ s past operation on the unlike surface types. If a horse has performed well only on scandal and the track you ’ re at is an all-weather course, you might consider eliminating her from your list of potential picks. History with jockey. I like to look at a jockey ’ randomness performance history in the program. If a jockey systematically places in inaugural, irregular, or third base no topic what horse he or she is riding, it ’ s a good indicator of talent. So if I see a good jockey riding a cavalry for the inaugural time that has systematically finished in the middle of the clique, I might place a bet on that knight, reasoning that with the jockey ’ sulfur added skill this in-between of the pack horse has a good luck of finishing in the lead two spots. I besides check to see the history of a jockey with a finical cavalry. If I see that a cavalry and jockey have systematically finished in the top three spots together, there ’ s a good luck they ’ ll finish in the top three spots in the raceway that I ’ m bet on. Consider the odds. For every race, each sawhorse will have the odds of it winning next to its name in the program. The favored to win is the horse with the lowest odds. While past performance doesn ’ triiodothyronine guarantee future results, the statistics show that over time going for the subspecies darling pays off. If you :

  • Bet the race favorite to win, he pays off 33% of the time.
  • Bet the race favorite to place (comes in 1st or 2nd), the favorite pays off 53% of the time.
  • Bet the race favorite to show (comes in 1st, 2nd, or 3rd), the favorite pays off 67% of the time.

therefore if you ’ re looking for an easy room to handicap horses that gives you a good chance of a belittled refund on your money, equitable bet the race favored to show .Man holding horse straps and walking in the ground. Watch the horse in the paddock. This is my favorite direction to handicap a horse. Before every race, the horses are paraded around in an area of the racetrack called the paddock. It gives you a opportunity to see how the horse looks and is behaving before the raceway starts. once I ’ ve winnowed my list of picks to two or three horses using the information in the program, I like to go over to the paddock to take a gander at how the horses look. Just like you and me, horses have good and bad days. sometimes when you wake up in the dawn you ’ re impatient to go and other times you come down with a case of the Mondays. same with horses. Watch the horses to see how they ’ ra act. Do they look bouncing and eager to race ? Mopey and Eeyore-like ? Check to see if a cavalry is sweating a lot. You can tell he ’ randomness perspiration because he ’ ll have bad black splotches on his coat. If he ’ second sweating a fortune, it likely means the horse is nervous. Sweat spots by the kidneys indicate that the knight international relations and security network ’ thymine feel good, so you might want to pass on him. Some horses will act identical edgy in the paddock–turning in circles, bite, rearing. While it ’ s a sign that the sawhorse has some kindling, he ’ mho wasting all his energy in the paddock alternatively of saving it for the race. Go with the alert, but calm air horse. Looking for these signs with the horses isn ’ metric ton very scientific, but it is a lot of playfulness. Random, superstitious factors. Of course, you can merely use some random superstitious factor to handicap your horse. You can pick the horse that ’ sulfur wearing your lucky number or your darling semblance. Or you can pick the knight because you like the name. A batch of racegoers have their own airheaded handicap factors they use. Come up with your own. Last Minute Tips You don’t have to bet on every race. For the novice, the temptation is to bet on every single race in the course of study. While there is decidedly one horse that will win each rush, the astute horseplayer culls the entire program for the best bets and might, conceivably, lone bet two or three races out of the entire card ( calling card is the term for all the races that day ).

Set a budget and bring cash in that amount. If you think you might get carried away with your count, just bring a hardening sum of cash. Once it ’ second done, you ’ re done. Wear a hat. There are few venues these days where a hat doesn ’ metric ton front out of position. The racetrack is one of them .

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