Betting on horse racing is one of the oldest of all betting mediums. But the Internet has made the world a smaller place and, while there are now so many different sports to bet on, horse racing has held its position in the marketplace.
This is a result of the sport offering more betting opportunities than ever before and online sportsbooks offering horse racing betting action from more countries than ever before.
Online you can not only bet on horse racing in North America but South America, Australian, South Africa, England, France, Hong Kong, India, Dubai, Ireland and more. It really is a world of opportunity!
How to Bet on Horse Racing
While the likes of Woodbine and the US race tracks still demand bets are syphoned into the tote pool, horse race betting online often allows you to take fixed odds about your fancies and also place them in multiple bets with selections from other sports.
Leading European sportsbooks like William Hill, who are listed on the London Stock Exchange, not only allow their customers to bet on these world-wide horse racing hotbeds but they also provide some great guides like ‘how to bet on horse racing’, offer invaluable form and horse racing tips, plus they stream much of the action live.
You can view the horse racing odds in a number of different formats – decimal, fractional, American etc – and if you need help understanding the bet types a small ‘I’ or ‘?’ icon alongside the bet or market will explain what the bet/market involves. It has all been made very simple and user friendly.
At a worst case scenario you can always contact ‘Live Chat’ where a representative will explain all the bet types available on a race and direct you to the market which best suits your needs.
Horse Racing Odds
Betting on horseracing online offers a huge variety of bet types which go well beyond the traditional ‘win’, ‘place’ and ‘show’ options. There are ‘each-way’ bets whereby half of a bet stake goes on your selection to win and the other half on it to finish in the frame at 1/4 or 1/5 of its fixed win odds.
European online sportsbooks like Betway also allow you to place doubles, trebles and accumulative exotic bets on any races at any meeting. Furthermore ‘match bets’ and ‘winning distances’ have also become very popular.
And what is noticeable is the retention, percentages or over-rounds. In short, the take-outs from Canadian pools (which range from 11.6% to 25.7%) look like highway robbery when compared to the tiny margins online fixed-odds bookmakers have in their favour regardless of the field size or bet type.
That’s not to say you cannot bet into some European tote pools. They are certainly popular in the UK and offer yet more fun, novel and sometimes valuable betting opportunities.
One such quirky pool bet is the ‘Placepot’ which requires bettors to select a horse to be placed in the first six races on a card. There’s also a Jackpot bet which requires six winners and, on a Saturday, a similar bet but utilising some of the biggest fields on the day. It’s called the Scoop 6 and its pool regularly exceeds $1.5 million.
Queen’s Plate Betting
Queen’s Plate, one of Canada’s main horse racing event, and certainly the oldest, is held annually in June-July in Etobicoke, Ontario (right out of Toronto), and is and is the first of the three horse races that are the Canadian Triple Crown.
As one of the main Canadian horse races, this is obviously a major betting event. You can read all the info on our Queen’s Plate betting page.
Horse Racing Tips
To accompany their comprehensive betting opportunities Sportingbet and other popular online sportsbooks which facilitate world-wide horseracing supply all the form you could ever want or need plus they have expert tips from respected trainers and jockeys.
Furthermore you can also get the views of the leading handicappers at some of the authority ‘newspaper websites’ such as the UK’s Racing Post which offers a thorough insight into world-wide racing every day.