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In this video, parlaydoc explains horse racing for beginners. He describes in detail how to bet on horse racing. He also goes over his horse racing betting strategies, as well as all of the different horse racing options to bet on. If you want to learn horse racing and how to bet on horses, then this is the video for you!
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Horse racing is an extremely profitable and also one of the most popular sports to bet on. So, it is important to invest in your betting education and watch this sports betting 101 video. Gambling on horse racing is different than how sports bettors are used to betting on sports, which are fixed odds. Horse racing is different and instead has parimutuel betting. Parlaydoc explains what this sports betting concept is.
Parimutuel betting is when sports bettors bet against all of the other individuals placing bets, NOT the sportsbook. How it works is that all of the money goes into a pool and gets divvied up across all the bettors. It is important to understand this sports betting concept that the odds fluctuate up until the race starts. So, the odds you place a bet at might not be the odds that you get paid out at. If you place a bet at 10/1 odds in the morning, but more and more money comes in on that horse as the day goes on and the odds are 2/1 by the time the race starts- then you will get paid out on 2/1 odds, NOT 10/1.
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Parlaydoc also explains different types of wagers you can place when you are gambling on horse racing. One of these types of sports bets is called intra race wagers. There are 3 types. Win, Place, and Show. Win means you just bet on the winner, show means you can bet on a horse to finish either 1st or 2nd, and show means you can be on a horse to finish in the top 3. Place and Show have worse odds but a higher likelihood of winning.
Another type of bet is called an exotic. You can pick the exact order of how the horses will finish, all the way up to the top 5. These bets, in order of finish from 1st to 5th, are called: exacta, trifecta, superfecta, and super high. You can also do an exacta box where the book will bet on combinations for you.
Lastly, you can do multi-race wagers where you pick the winner of multiple races in a row and parlay them. You can pick 2 all the way up to 6. The key with sports betting is to pick some long shots so you can increase your odds and payout.
In order to make money betting on sports you need to learn how to bet on sports and understand sports betting for beginner information. If you liked what you saw please let us know in the comments or by emailing us at contact@oddsjam.com
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