Online horse racing is one of the most favourite and popular sports event among millions of people throughout the world and, naturally, it takes place with betting.
When it comes to placing bets, two primary categories stand out.
In this betting system there are two different kinds of bets that are straight bets and exotic bets.
Each has its merits and complexities by knowing them one can easily distinguish which kind of bet to use in his betting scheme.
What Are Straight Bets?
Four types of bets that are found in horse racing are; straight bets. They involve wagering on a single horse to either win, place, or show
They entail staking of monies in the race with the intention of winning, coming second or taking the third place by staking on one horse.
– Win Bet: It is a type of bet which you take a horse to win a particular race, without having to take into consideration it’s the odds or likelihood.
– Place Bet: It is odds on a given horse to come out a winner in the next race or comes in the second position.
– Show Bet: The exotic bet allowed you to pick a horse to come in first and there are two other additional positions.
Advantages of Straight Bets
1. Simplicity: Straight bets are easy to comprehend and therefore are suitable especially for novices when it comes to horse racing betting.
2. Lower Risk: Of course, as you bet for a single horse, the chances are relatively higher than when placing exotic bets.
3. Clear Payouts: Earning is quite comprehensible, and the amount to be won can be estimated according to the odds of the bet when it was placed.
What Are Exotic Bets?
Exotic bets are another type of bet that allows a gambler to predict on a number of selections in one bet increasing greatly the chances of winning yet reducing the payout.
Common types of exotic bets include:
– Exacta: You pick the winner and the runner-up in the right sequence.
– Trifecta: It entails you choose the order of the first, second and third finishers of a particular race.
– Superfecta: You pick the initial four in ranking but you must in the correct order.
– Daily Double: You select pair of two successive races.
– Silent Meeting/ 3/4/6-chor: You choose the winners of the third, fourth, or sixth consecutive race.
Advantages of Exotic Bets
1. Higher Potential Payouts
There is a lot of profit in them, and getting the order of the first several finishers in races packed with many horses.
2. Strategic Depth
Such bets offer more possibilities and opportunities for the bettor while the races’ analyses can be of interest to skilled players.
3. Variety
There are many ways that exotic bets offer an opportunity to interact with the races on offer.
Hence, between straight and exotic bets, there is only one decision, which is to base it on experience, appetite for risk, and goals towards betting.
