Archive for the 'Racing On The Web' Category

What You Need to Know before Betting on Horse Racing

Friday, November 27th, 2009

Horse racing is a something which has been enjoyed for hundreds of years; it is mentioned in mythology and everyone is aware of chariot racing in the Roman era, horse racing has frequently been connected with betting. The outcome of that is that some people are ready to pay vast sums for a horse which they think can earn them big bucks. Indeed it would be true to state that the breeding, purchasing and selling of race horses plays a crucial role in supporting the gambling industry as a whole. Along with football, online betting accounts for a sizeable percentage of turf accountants business such as Totesport.com.

When backing a horse there are various ways that can be used. A few of the more popular ways to place a wager are standard betting and spread betting. A standard bet is the simplest and involves picking out a certain horse to back for which the odds appear favourable. A more complicated sort of betting is called spread betting which has grown in popularity lately; this is somewhat similar to buying and selling shares on the stock market. The idea is to acquire a certain amount of points which are assigned a fixed value by the spread betting company, this is usually a popular choice of more adept gamblers.

Betting enthusiasts have diverse choices for spread betting, these include gambling on the favourites index where you can gamble on the total of favourites which will win at a particular meeting; or the jockey index which works in a similar manner, allowing punters to gamble on jockeys rather than the horses. Thoroughbred racing is very popular, and this is the form which is most prevalent in Great Britain.

The distinguishing feature of one type of horse racing from another is the breed of horse involved; generally these can be divided in to four disparate groups; Thoroughbreds, Standardbred, The Quarter Horse and last but not least the Arabian. Thoroughbred horses are bred to be able to cross medium distances at a really fast pace and can be worth hundreds of thousands of pounds breeding and racing thoroughbreds can be a lucrative commercial enterprise. The distance of Thoroughbred races can vary, but they are frequently between 5 and twelve furlongs; a furlong roughly equates to about an eighth of a mile. Something which sets horse racing in the UK apart from other countries is the tight regulations on whipping the horse to make it go faster; in the UK jockeys are not allowed to raise their whip higher than their shoulder to prevent them hitting the horse too hard.

One final point to take note of is that sometimes bookmakers try and tempt you into placing bets on horses which are less likely to win by giving you odds which result in huge payouts, as they are positive that these horses or series of outcomes are not going to occur.