Horse Betting
Horse racing in the United States can
be traced back to 1665. Aristocratic settlers from England brought racehorses
into the country, and the first racetrack was laid out at Long Island during
this period. Thoroughbred racing is the principal form of horseracing and
is popular in the United States. The Kentucky Derby and the Preakness Stakes
are prestigious races, with stakes running into millions of dollars. Horse
racing attracts a large number of gamblers, popularly known as punters.
When a person places a bet on a horse,
he is actually betting on the skills of the horse, the jockey and the trainer.
Betting can take place through parimutuel pools or bookmakers. The most
common types of bets include straight bets, exacta, quinella and sweep.
Win, place and show classify as straight
bets. In a ‘win’ bet, to succeed, the bettor must pick the horse that wins
the race. A ‘place’ bet allows a person to pick the horse that finishes
either first or second. In a ‘show’ bet, the bettor must pick the horse
that finishes first, second or third.
A gambler wishing to bet in the ‘exacta’
pool must choose two horses, which must finish first and second, as he
chose them to, for him to win. The ‘quinella’ pool allows a bettor the
choice of picking two horses that may finish and second, but need not specify
the exact order of finish. Thus, it is easier to win in a quinella pool,
than an exacta pool, though the latter often pays the winner more money.
A bettor must pick any three horses
to finish first, second, and third and specify which will finish first,
second and third, in order to win a ‘triactor or trifecta’. In a ‘superfecta’
a bettor must pick four horses which finish first, second, third and fourth,
and specify the order in which they will finish. To claim a ‘double’, the
bettor must pick the winners of two successive races. In the United States
a ‘double’ is generally scheduled for the first two events of the day.
Racing experts suggest, that rather
than simply going on a hunch, collecting information about the different
horses improves a bettor’s chance of success at the pools.
Sports
Betting provides detailed information on Betting, Sports Betting, Online
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Article Source:
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