Horse racing is a sport that is gaining wide popularity in all of the four corners of the world. It is also considered to be one of the most popular wagering games ever made. Usually, the horses that are used in the race are the so-called thoroughbred horses. This sport is characterized as a race where two or more horses ridden by jockeys compete on who’s going to be on the first place in the race track. The people who watch the contest lay a wager on which horse will finish first. The betting maybe in the form of betting for the first, second or third place. In the horse race term this pertains to laying a bet on to win, to place and to show.
Now horse race is not easy to understand if you’re not familiar with the terms used in this exciting sport. What you will usually hear in this wagering game is the term “horse racing odds.” What do horse racing odds mean? Is it something of high importance?
Horse racing odds specifically refer to the probability that is displayed on a tote board. The tote board is a huge board where you can see the odds based on how much money you will receive in relation to the amount that you will gamble.
How are these odds determined? The odds of horse racing are determined by deducting the amount of bet and its percentage in the total amount of money that was bet on the horses less a portion of the tracks take which is estimated to be between 10-20 percent of the sum total.
Now if you have some difficulty in reading a tote board, you can follow this simple procedure in computing for the odds on a horse. To have an accurate calculation, you need to draw on some of the other figures in the tote board. This refers to the overall amount of the win pool and the sum of money bet on that horse. You must understand that the total pool is the money bet on all the horses in the first. It does not pertain to the amount that will be pay up the ones holding the winning tickets. The take that is from the winning ticket holder is deducted between 14-20 percent. This may vary depending on the state where you are in. All those money that is derived from the “take” goes to the local taxes, the horsemen, track expenses and the horse racing earnings. The payoffs employ the actual figures which are usually reduced to the nearest dime. This may vary depending on the rules that were talked about at the race track.
If you still don’t get the picture of what odds for horse racing are all about, you can check out the Internet for some resources. An array of resources about horse racing is found in the World Wide Web. It is important to find the right online resource that will give you the detailed information on odds for horse racing along with some horse racing tips and strategies.
Choose the online resource that will best meet your requirements. Consider some of the most important elements you need to know such as the basics of horse race betting – how the whole wagering games goes and how you will pick the winning horse in the race track.
Bet on a horse racing without leaving your seat. Gone are the days when you have to drive long hours and wait in line for tickets on horse racing events. Now, with the advent of the internet, you can bet and even watch horse races right at your very home.
Not living near a race track is no more a problem these days. While live viewing is much better and is sure to raise your adrenaline, you still can't risk of having missed a horse race betting. Besides, you are no longer limited with the local horse racing events. Your chances of enjoying the whole stuff is increased dramatically since you can bet and monitor your winnings even if the race is happening in the other side of the globe.
Beware though, like in all other industries and businesses online horse racing and betting do have their shares of scams and deceptions. Central to this is to know the well-established registered, legal and well-recognized betting online stations to secure both your money and your winnings.
The best thing to do is to go for credible web sites that have been established and have been well-regarded in the horse racing world. You don't only get the protection from fraud, you would also be provided with fairly straightforward and transparent transactions.
The basic thing that you would have to do is to register your name on a specific web site that holds online horse racing bets. Typically, some websites would require monthly subscription payments that are subjected to various agreements. Be sure to be very aware of the terms and conditions before approving on them.
Normally, these monthly payments are waived from your payment if you exceed in value with your winnings. But remember, this still depends on how the website handles its regulations.
Once you are registered on your chosen site, the next thing you would do is to make a deposit. Your losses and your winnings will be debited or credited on your existing account.
Because the only difference with online and off line betting is that you are working through internet, you are still subjected to pretty much similar betting rules and types, race conditions, with some tinges of differences depending on how the website carries its issues.
With too little delay, you can track and update your odds instantly. Some websites even allow the tracking of live events through text messaging.
Online horse racing has three drawbacks though.
First, for serious handicappers a tiny monitor would not give as much excitement as with the live racing track. Nevertheless, if there's no more choice left then maybe you can bear with this inconvenience.
Second, like most things using internet, you are largely dependent on your hardware and software. Some horse racing online sites for example work well using Firefox but not with Internet Explorer. But as far as pc users are concerned, this issue can be easily arranged.
Lastly, some people just don’t enjoy things when they're not on the exact and real condition. Online horse racing for some is a bit unsatisfying as this detaches the handicapper from the real game.
Being an actual part of the live race, handling the money personally and hearing the shouts and yells of everyone in the track, and seeing the graceful but swift movements of horses can add real thrill on the game.
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