Welcome to the Horse Betting Online Guide, your best resource for Horse Betting online

Horse Betting Online Guide

How to Get Started Horse Betting Online Tutorial

Understanding Horse Betting Odds

Exotic Horse Bets

Betting the Aintree Grand National

Live Horse Racing Lines

Horse Betting Online Guide's Understanding Horse Betting Odds Tutorial

Odds are a reflection of a racebook's estimation of how likely a particular horse is to win a race.

Horse racing odds are usually expressed as X - Y. X is the amount won on a winning bet, Y is the required wager in order to win X. Dividing X by Y gives a ratio to 1.The smallest ratio represents the favorite.

A simple formula for calculating your payout is (odds ratio to 1) x bet amount + bet amount. For a base bet of \$10, winning odds of 3 - 1 will pay \$40.00 (\$30 + the return of your initial bet), while 5 - 1 will pay \$60.00 (\$50 + the return of your inital bet). We will go through a more complicated example of 7 - 5 step by step, again using \$10 as the bet amount. First divide 7 by 5, you get 1.4 (7/5 = 1.4). Multiply 1.4 times the initial bet amount, you get \$14 (\$10 x 1.4 = \$14). Add the initial bet amount, you get a total of \$24 (\$14 + \$10 = \$24).

The easiest place to begin betting on horses, in order to gain a workable grasp of horse racing odds, is with the straight wagers. The straight wagers are Win, Place, and Show.

SHOW is the easiest bet to win. The horse you pick needs only to finish in the first, second, or third position in the official order of finish in order for your bet to pay.

PLACE is slightly more difficult to win than show because the horse you pick must finish in the first or second position in the official order of finish in order for your bet to pay.

WIN is the most difficult of the three straight wagers to win - the horse you pick must finish first in the official order of finish in order for your bet to pay. As a win bet is more difficult to win than a show or place bet, a successful win bet will also pay more than a successful show or place bet if an equivalent amount is wagered.

Minimum and maximum bets will differ from racebook to racebook, and from track to track. Generally the bigger the track or the more important the race, the higher the limits.

Horse Betting Online Guide Home