The simplest bet is a win bet. In those, you only make money if your horse comes first. You can also bet on a horse to 'place' – that means if they finish in the top three, you win, but at smaller odds than with the win bet.
The safest bet in horse racing is an each-way single bet. A single bet means you do not need multiple horses for you to receive a return for your bet.
Win-Place-Show
This is the simplest way to bet on horse races. Pick a horse and bet him to win (finish first), place (finish second) or show (finish third).
Win - Pick a horse to finish first. This is the most common and simplest bet you can place. Place - Pick a horse to finish first or second. Show - Pick a horse to finish first, second, or third.
In most horse races the idea is to pick the winner. But when you have an event as big as the Grand National, and with a field of 40 runners, the chances of being right on the money are tricky. That's where the 'Each-Way' bet makes more sense.
Betting on all horses in a race is allowed but is less likely to get you a massive payout. A good alternative is Dutching, where you only cover outcomes that would get you a sizable profit while covering the risks.
A Super Heinz is an alternative to a sevenfold accumulator that yields a payout even if only two of your seven selections win. However, it's likely you will need more than two winners to make a profit. If you have seven selections on your betslip it's usually available as one of the multiple betting options.
Remember, you are betting on one horse at a time. Racing analyst Joe Kristufek says in a video about betting, “Simple Wagering Strategies," not to bet against yourself — don't bet multiple horses to win one race. Once you feel comfortable with straight bets, it's fun to advance to exotic wagers.
Old horses may not have the legs to stay the course. Generally speaking, backing eight- or nine-year-olds to win the Grand National has been the smartest wager down the years. Here's how the ages stack up: 5 – Five winners, last winner Lutteur III in 1909.
The answer may surprise you. According to data from Equibase, over the past ten years, horses in post position number five have won the most races. In fact, horses in post five have won almost 13% of all races run during that period.
Rich Strike won the 148th Running of the Kentucky Derby, overcoming 80-1 odds to pull off one of the most shocking upsets in race history. Epicenter, who went off as a 4-1 favorite, finished second, and Zandon came in third.
Superfecta: The most difficult of the single-race exotics, the Superfecta, requires the bettor to predict the first four finishers, in order. Predicting a Superfecta is very difficult and will always require the bettor to take different combinations of horses so that there are more chances of winning.
Also known as a Canadian, a Super Yankee is a bet on five selections consisting of 26 bets – ten doubles, ten trebles, five fourfolds and a fivefold accumulator.
According to Vasta Shastra, having a 7 horse painting in your home ensures financial dependability in your life. As per Feng Shui horses are also a symbol of speed, valour, and perseverance. A lovely design of eight running horses is intended to welcome good fortune and riches into the home.
Lucky 15: This kind of bet is the biggest and most complicated kind of multiple bet that is commonly available. It is very similar to a Yankee, but along with the six doubles, four trebles and the four-fold accumulator, there are also a further four single bets to make the 15 bets.
A win bet is the most common and straightforward bet. You're simply betting on a specific horse to finish in first place. If the horse that you wager on doesn't finish first, you lose the bet. Of the straight bets, this usually offers the best payout, as it has the greatest risk.
The 80/20 System
It is a strategy for earning from horses through wagering on them to win and get a place on the betting exchange. If you want to use this horse race betting strategy, you will need to bet 20% on the horse that will win the race and 80% on the same horse to finish with a place.
Bet to Win
The win bet should be the key bet, especially for newcomers. Takeout (the amount of money that goes to the track that is not returned to bettors) for win, place, and show bets is less than most exotic bets. Most importantly, don't bet two or more horses to win in the same race.
Or, to put it more accurately, answers. First, let's give you the short answer. The favourite usually wins a horse racing around 30-35% of the time. And if you were wondering, the second favourite usually wins around 18-21% of the time.
Be very wary of betting each-way in big, fields. In general, the punter has an advantage over the each-way bookmaker in fields 'Of eight to 12 runners if he backs each-way horses quoted at 7/1 or shorter for the win.