As a new bettor with little experience in the horse racing scene, it is critical to keep yourself up-to-date with the latest betting terms, tips, secrets, and basic rules of placing a bet. While wagering might sound a little daunting at first, once you understand its basics, you should be able to place more winning bets.
These are some of the most commonly used terms in horse racing betting you should familiarise yourself with before getting started:
Dead heat: refers to the tie between at least two horses at the end of a race. The photo finish image is usually the one that helps the personnel on the track to determine the winner, even though this may not always be possible. When establishing a winner is simply impossible, the winnings will be divided between the horses.
Bridge jumper: This is a term that defines a user who places an unusually large bet on a single horse to win. In case they lose their money, they may jump off the nearest bridge.
Objection: refers to a rider, a track official, or even a trainer who cries foul in case a horse or a jockey has done something to jeopardise the regular course of a race for another horse/jockey. Objections result in inquiries.
Inquiry: The term refers to the inquiry of an occurrence during a horse race that needs to be assessed by track personnel.
Odds: a numerical expression of how likely it is for a horse to win the race.
Morning line: a term that refers to the odds that are set in the morning the day prior to a race. They rely on the opinions of official handicappers. As the hours pass and the race draws closer, bettors start to place their bets on the horses, which automatically changes the odds. The odds are driven down when large sums of money are bet on a certain horse. When little to no money is wagered on a horse, the odds go up.
Long shot: is a different term for a horse that pays a lot more than the regular "odds-on" horses.
Tote organisations usually vary from one state to another. There are three major totes in Australia:
UBET (Queensland, South Australia, Tasmania, and The Northern Territory)
NSW TAB (New South Wales)
These totes specialise in parimutuel betting. The dividends are paid to bettors from a pool encompassing all the money that has been wagered on an event. The favourite or the elect will trigger the smallest dividends, while the horse with the least backup will attract the most valuable dividend. You can find these totes online, in betting outlets, and in some gaming venues around the country.
Flat horse races are races in which horses race on flat surfaces with zero obstacles in their way.
Hurdle horse races are special races during which horses have to jump over various hurdles that are one metre high. These events are run over at least 2800m. The minimum weight is 62kgs for premier hurdle races and 63kgs for non-premier events. The open jump race season in Australia runs from March to August and is most popular in Victoria and South Australia.
Steeplechases require horses to jump over several fences (1.15 meters in height at most).
Maiden races have participation restrictions for horses that have never won any flat races during registered/advertised meetings or races.
Online horse racing betting is the new wave that has been embraced with open arms. It makes wagering a lot simpler, more convenient, and more accessible. Users can bet online with their favourite tote operators and bookmakers and enjoy more competitive prices, better odds, and a more diverse array of betting products, welcome bonuses, and even free bets.
Take a look at our list of recommended bookmakers and find those that offer Android and iOS apps if you want to take your betting on the go. Betting with the help of a bookmaker's app is a seamless experience thanks to the automatic login feature. This is a true lifesaver when you want to place a last-minute bet and you cannot reach a computer.
With so many online horse racing betting sites to choose from, it's easy to feel overwhelmed. These next few guidelines will help you find the most suitable betting options, no matter what your level of experience as a horse racing bettor might be.
One of the most important factors to consider when searching for a site to place your bets on is the odds of the horse you are planning on backing. Look for the best value odds all throughout the betting markets provided by a certain betting platform. Focus on the exact terms of the bet and pay special attention to each-way betting terms.
When an online bookmaker displays the “best odds guaranteed” sign, it means that they guarantee to provide you with the highest odds on your bet. The odds could be provided for all racing events, or for multiple bets placed on a specific race meeting.
Opt for extra places bets that offer payouts if your horse finishes second, third, fourth, and fifth place.
Choose a bookmaker that offers match bets. These bets allow bettors to wager on a horse they think will finish ahead of a particular horse.
Moneyback deals will refund the bet you have placed in the form of a same-value, free bet, provided your horse falls or is beaten into second by the favourite.
Most of the online horse racing betting bookmakers we recommend allow you to watch live horse races or play live commentary and be up-to-date with the development of the races you are interested in. Click on the race you plan on wagering on and look for a live streaming/commentary indicator. The minimum stake you will need to pay to access the broadcast is AU$ 1.
Use this guide to horse racing bets online and start your successful betting adventure at the best bookmakers on the web today!
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