Just because you came in first at the loser’s bracket of your dream league does not mean that you’re a veteran gambler, which is precisely why we’re here with an easy-to-follow guide on how just to make money at the racetrack, whether you are a beginner, a veteran, or just a really, very rich person who is tired of hanging out on private islands.
Horse betting for beginners
Once you enter the Grandstand — the place where everybody hangs out and gambles — you will have to know a couple of things to start tapping that bankroll and creating a penny or two. Here’s a basic primer:
Since the dawn of time, the most common increment was $2. Sure, you can bet a crisp $100 bill but we would suggest beginning with a two-spot.
Should you bet the favorite (or even the”chalk”) each time, you will have about a 33% probability of winning. Not bad odds, right?
You’ll be betting in a parimutuel surroundings, meaning all bets of a specific type (see bet types below) are put into a pool. Winnings come out of that pool. Where you are betting against the residence so it’s unlike blackjack or poker. Here, you are up against horse players.
Normal or”straight” horse bets come in three forms: Win – You’re gambling on the horse to cross the finish line — i.e., to win the race. Place – You are betting on the horse to come in either second or first. Display – You’re betting on a horse to come in first, second, or third. NOTE: The two bet types are the simplest way to get acquainted with playing the races. We’d suggest making a few of these before falling dough that is serious.
Horse betting is all about the odds. You double your money to $ 6 Should you bet $ 2 on a horse to Win with 2-1 odds. In other words, multiply $2 x 2/1 + your initial wager that is $2. Math skills go a long way in life.
At the track, beginners should place bets in a betting window, manned by a human being. There’s a degree of relaxation you reach standing face-to-face with a person and reading your bet to them — rather than using an electronic gambling machine or ADW (which we’ll touch upon later).
Horse betting follows a sequence. Let’s say it is the 5th race and you would like to bet on horse No. 4: strategy the betting window and announce to the teller,”At Aqueduct, at the 5th race, I’d like to put $2 to win on the No. 4 horse”. That is how you place a wager at any given track: Racetrack, Race Bet Type.
Once your bet has been placed, the teller will give you a ticket, which will have your exact bet on it and, like a lottery ticket, you can swap it for cash later if your bet is”at the money”. Keep it safe on your sweet fanny pack. *
Read This. Win So Much Money at the Racetrack.
About the Author: Jundao HC
