There is the excitement of pace, prowess and tactics on the race track and in the betting house.
Although exotic bets can possibly lead to astronomical payoff, the main principle of horse racing betting success is to learn and get to grips with the single bets.
These simple bets only involve one selection on one event of a race and hence are lean towards novice players and cannot be ignored in any punter that is experienced.
What is a single bet?
Basic horse racing is a single bet where you bet on a given category to place one result in a single race.
Singles are also simple as compared to multi-race betting or complex combinations.
The amount that you will receive back is only directly related to what you bet and the odds given concerning the particular horse that you have chosen and the manner of its performance.
The most popular kinds of Single Bets include the following:
Single bets have quite a number of common types, each one associated with a different risk degree and winning prospect:
Win Bet
It is the easiest and the most common single bet. It is a chance where a person bets on a horse to claim the race.
You win your bet in the event that the horse you have selected gets to finish first ahead of other horses.
Place Bet
A place bet has a higher probability of winning and at a low payout.
In this bet, you are wagering that your horse will place in a certain amount of places, usually first place, or first or second places, or first or second or third places.
Show Bet
A show bet is even safer than place bet and is mostly common in North America racing. You are betting your horse to place first, second or third.
Show bets tend to have the least payout compared to the straight bets because of the greater chances of success of the particular bet.
Single bets are easy and simple to understand and this is why it is ideal to be used by a person who is new to horse racing.
You need not be bothered by complicated permutations and races results.
