Everything You Need to Know About Online Horse Racing Betting


Posted June 29, 2023 by kkrisha23

Horse racing is one of the popular sports that is featured literally in every historical movie or drama, and also has a separate den in the betting/gambling industry.
 
Even though horse racing traces its roots back to even Before Christ(BC), till today it has not lost its fervour and leisure.

Technology has evolved and given birth to many modes of communication which are being used to its fullest inorder for us to enjoy services at the comfort of our homes. Horse racing is now made available on online platforms, which you can watch live without from anywhere in the world. In this blog we will be discussing how you can start horse racing betting online from scratch.

Horse racing betting basics

Types of bets in horse racing
Standard bets: Normal bets in horse racing that require minimum amount of $1
Exotic bets: High bets that usually played in bigger races

Explaining different race types in house racing
Standard bets
Win: The normal kind of betting where the bettor bets to win.
Place: Betting on your horse to finish first or second.
Show: Betting on your horse to finish first,second or third.

Exotic bets
Exacta: Bettor must select horses that will arrive first and second places in order.
Trifecta: Bettor must select horses that will arrive first, second and third in order.
Quinella: Bettor must pick the top two horses that will finish first regardless of their order.
Superfecta: Bettor must predict places of the selected horses.


Understanding horse racing betting odds
Fractional odds
Fractional odds are displayed as fractions, such as 2/1 or 5/2. The first number in the fraction represents the potential profit, while the second number indicates the amount of money that needs to be wagered. For instance, odds of 2/1 mean that for every $1 bet, the potential profit is $2, in addition to the initial stake.

Decimal odds
On the other hand, decimal odds are shown as decimal numbers, for instance, 3.00 or 2.50. This format directly represents the total potential payout, including both the initial stake and the profit. As an example, if the odds are 3.00, a $1 winning bet would result in a total return of $3, encompassing the initial stake. These odds are easier to figure out and learn for beginners in comparison to fractional odds.




Beginner friendly horse racing betting sites
Here we have provided you with a list of beginner friendly websites for starting your journey in online horse racing betting.

Kheloo - One of the popular and top ranking websites in India.
Jeeto7- Free promotions and bonuses.
1xBet - multiple races and best user experience.
22Bet - User-friendly website along with its app.
Fun88 - Horse racing betting exchange.
Betwinner - Separate tab for antepost betting.
Megapari - Special bets available for selected races.
BetIndi - Bet easily on the “next 3 races”.


How to create your account
Open any betting site of your choice.
Click on the create account button.
Enter all your details in the sign up form and click register.
Verify your account by entering the OTP provided via email.
Make your first deposit by linking your account through any payment options like Debit/credit card, UPI and net banking from the payment gateway provided.
Make your first bet by selecting a race and accordingly a horse. When you place
your bet the money will be deducted from your deposit.


Online horse betting payment options
Most beginners have trust issues when it comes to online payment options. But we can assure that as long as you stick to reliable sites who have good reviews, you will be safe and sound. Most horse betting sites provide you with various modes of transaction so that you can deposit your money safely without any worries.

Payouts are handed after a period of two to three days without any delay except some will hand payouts after a week depending on the region or website. This may sound unfair but that's how some company guidelines work. If your horse is scratched or cannot race anymore you might get a refund or not depending on the rules set by the website.

Online horse betting tips

Keep it simple: Start out your journey by betting in the standard category. Don’t go too high, don’t go too low.

Conditions: Try learning the weather conditions in which the horse race seems favourable. Study the tracks, the weather conditions,and the soil. This knowledge will be enough to guide you in the direction of placing your bet.

Jockey: Jockeys are the main feature of the game because it is they who guide the horses towards the winning line. Do research on jockeys,their past experiences and winnings.

Horses: No matter how hard you try to decorate the concept of betting, in the end it is the horses who carry the burden of winning. Study the horses in the race before the betting begins. Its odds of winnings, breed, its performance in the handicap and any information available on it.

Bonuses and Promotions: Grab any offers and bonuses provided by the website. These points get you free cash and even give you free trips to your desired destination.
Online horse betting FAQ’s for beginners

1. How does online horse betting work?

Online horse betting allows you to place bets on horse races using internet-based platforms or websites. You can choose from a variety of races happening around the world, view the odds, select your bet type, enter your wager amount, and confirm your bet electronically.

2. Is it safe to bet on horses online?

Reputable online horse betting platforms take extensive measures to ensure the safety and security of their users. They utilize advanced encryption technology to protect personal and financial information and adhere to strict regulations to provide a secure betting environment.

3. Can I bet on horse races from my mobile device?

Yes, most online horse betting platforms have mobile-friendly websites or dedicated mobile apps that allow you to bet on horse races using your smartphone or tablet. This provides convenience and flexibility, allowing you to bet on the go.

4. How do I choose which horse to bet on?

Choosing a horse to bet on involves analyzing various factors such as the horse's recent performance, past race results, jockey and trainer statistics, track conditions, and race distance. Many platforms provide comprehensive information and racing forms to help you make an informed decision.

5. What are the different types of horse racing bets?

There are several types of horse racing bets, including win, place, show, exacta, trifecta, superfecta, quinella, and more. Each bet type has different rules and payout structures, offering various ways to wager on the outcome of a race.

6. How do odds work in horse betting?

Horse racing odds indicate the potential payout for a winning bet. The odds are determined based on factors such as the horse's perceived chances of winning, the betting market, and the total amount wagered on each horse. Lower odds signify a higher probability of winning, while higher odds offer potentially bigger payouts.

7. Can I watch the races live when betting online?

Many online horse betting platforms provide live streaming of races, allowing you to watch the action unfold in real-time. This enhances the excitement and enables you to stay engaged with your bets.

8. How do I deposit and withdraw funds from my betting account?

Online horse betting platforms offer various deposit and withdrawal options, including credit/debit cards, e-wallets, bank transfers, and prepaid cards. You can choose a method that suits your preferences and follow the platform's instructions for secure transactions.

Remember, it's important to read and understand the specific terms and conditions, rules, and regulations provided by the online horse betting platform you choose. These FAQs serve as a general guide to help beginners navigate the world of online horse betting successfully.

Resources for learning about horse racing betting for beginners
When it comes to learning about horse racing betting for beginners, there are several reliable resources available that can provide valuable insights and knowledge. Here are some suggestions:


1. Official Horse Racing Websites: Visit the official websites of renowned horse racing organisations or governing bodies in your country. These websites often provide beginner's guides, tutorials, and educational materials to help newcomers understand the fundamentals of horse racing and betting. For e.g Kheloo Jeeto7,Bet365 ,1xBet ,22Bet jeetojackpot.



2. Online Betting Platforms: Reputable online betting platforms often have dedicated sections or blogs with articles, tips, and tutorials specifically designed for beginners. These resources can cover topics such as understanding odds, different bet types, handicapping, and general betting strategies.


3. Books: Look for books written by experts in the field of horse racing and betting. Some popular titles include "Betting on Horse Racing for Dummies" by Richard Eng, "The Winning Horseplayer" by Andrew Beyer, and "Picking Winners" by Andrew Beyer and Steven Crist. These books offer guidance on various aspects of horse racing and betting, tailored for beginners.


4. Online Forums and Communities: Engage in horse racing forums and online communities dedicated to betting. These platforms provide opportunities to interact with experienced bettors, ask questions, and learn from their insights and experiences. Popular forums include Reddit's r/horseracing and specialised horse racing forums like PaceAdvantage.com.


5. Online Video Tutorials and Webinars: Many horse racing enthusiasts and industry professionals create video tutorials and webinars to share their knowledge. Look for reputable channels or websites that offer educational videos on horse racing and betting strategies. YouTube can be a valuable resource in this regard.


6. Racing Publications: Subscribe to reputable horse racing publications like Daily Racing Form or Racing Post. These publications offer in-depth analysis, race previews, expert tips, and educational articles that can help beginners understand the nuances of horse racing and improve their betting skills.


7. Podcasts and Audio Content: Listen to podcasts dedicated to horse racing and betting. Some popular podcasts include "At The Races with Steve Byk" and "Gambling With an Edge." These podcasts cover a wide range of horse racing topics and feature interviews with industry experts and professional bettors. https://kheloo.com/
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Last Updated June 29, 2023