Horse Racing Betting Markets
Horse Racing is a huge global betting phenomenon with major horse race meetings almost every week of the year with live horse racing from the UK, Ireland, America, Australia & New Zealand plus more from all around the world. Most major horse racing betting sites offer many betting markets on a single race. But what do all these betting markets mean? Here’s a simple explanation of the most popular horse racing betting markets:
Win / Fixed Odds / Single – This is the simplest and most common horse racing bet. You are backing the winner of the race. All of you bet is placed on the winner.
Each Way – This is a popular bet at horse race meetings whereby if you’re not entirely sure you choice will win outright you get a payout if the horse is placed. Your bet is placed in two parts, one towards the win and the second part to the place.
So for example if you place a $10 each way bet at 10/1 (11) the actual bet is $20, $10 for the win at 10/1 and $10 for the place at ¼ of the odds. If the horse wins you would get £100 for the win return plus $25 for the place return plus your initial stake so total return would be $145.
The number of places paid depends on the number of runners in a race.
Forecast / Straight Forecast / Exact Forecast – This bet is where you predict the exact order two horses will finish a race, 1st and 2nd. The returns are calculated by multiplying the 1st bet plus returns with the 2nd bet plus returns.
So for example if you place a £10 forecast on a horse A at 5/1 (6) coming first and a horse B coming second at 10/1 (11) your return would be £660 if the horses finished 1st and 2nd in that order.
Reverse Forecast / Combination Forecast – Same as a Forecast bet but you reverse the outcome so horse A and horse B can come 1st or 2nd in any order. Your bet is doubled so the out lay using the above example would cost you $20. $10 for A B and $10 for B A.
Tricast – Same as Forecast but with 3 horses predicting 1st, 2nd and 3rd. Obviously the return with this bet are huge.
Accumulator – Predicting which horse will win a selection of races. The selection can be at another race meeting and on another day. You can bet each way as well.
Best Odds Guaranteed
The best betting sites now offer “Best Odds Guaranteed” on Horse Racing in the UK and Ireland. What this means is that when you take a price on a race and the Starting Price (SP) is higher you will be paid out on the SP if your selection wins.
Ante Post / Future Races
Ante Post bets are offered by betting sites on most big races and is a bet on a horse before that races final declarations have been posted, usually 10am on the day before the race.
Best Odds Guaranteed is not offered on Ante Post bets.
Flat Racing / Thoroughbred
The flat racing season in the Northern Hemisphere UK/Ireland/France and America runs from April to mid November. Flat races are for fast lighter horses and are raced over as short as 5 furlongs and can go up to and just over 1 ½ miles; the courses are flat with no obstacles.
National Hunt Racing / Jump Racing
National Hunt or Jumps racing in the Northern Hemisphere UK/Ireland/France and America runs from mid October to April. Jump races are for bigger horses and are raced over jumps, hurdles and other obstacles from around 2 miles to over 4 miles.
Top Horse Racing Betting Events 2020
2021 Pegasus World Cup Invitational Stakes – Gulfstream Park, Hallandale Beach, Florida, US : Saturday, January 30, 2021.
2021 Kentucky Derby – The Kentucky Derby, Kentucky, USA, Flat / Thoroughbred racing : May 1, 2021.
2021 Preakness Stakes – The Preakness Stakes, Maryland, USA, Flat / Thoroughbred racing : May 15, 2021.
2021 Belmont Stakes – The Belmont Stakes, New York, USA, Flat / Thoroughbred racing : June 5, 2021.
2021 Breeders Cup Classic – The Breeders Cup Classic, Keeneland Race Course, Lexington, Kentucky, USA, Flat / Thoroughbred racing : Saturday, November 6, 2021.
The US Triple Crown – Triple Crown of Thoroughbred Racing
The US Triple Crown is the winner of the following races in one season:
- Kentucky Derby, Kentucky
- Preakness Stakes, Maryland
- Belmont Stakes, New York
The last horse to win the US Triple Crown was Justify ridden by Mike E Smith and trained by Bob Baffert in 2018.
Looking for the best horse racing betting sites then see our list of the best. All online betting sites offer horse race betting but who offers Best Odds Guaranteed, Cash Out, Live In-Play Betting, Live Horse Racing Streaming, Competitive Odds and much more.