(Free Pressrelease) United States, July 27, 2010 - Horse betting is where gamblers put money on a horse race. The gamblers‘ money is collected and shared proportionally among the winners once money is subtracted from the pool. There are several online platforms where bookmarkers‘ facility is provided. They are very good with placing odds.
A gambler is able to ´lock in‘ odds at a particular time when placing a horse bet. This gambling provides purse money as well as significant tax revenue to the gamblers. There are different ways to bet in different countries. The most common ones include to win, to place, and to show.
• Straight Bets - This means that when you place horse bets, you put your money on a horse. If that horse wins, you win too.
• Bet To Place - If you are in North America and placing your bets like this, it means that you are putting your stakes on a horse to come first or second. However, if you placing the same bet in Europe, Asia, or Australia, the number of ´payout places‘ will differ depending on the size of the field which participates in the race. This means that if there are seven or less runners in the UK, only the two that finish first would be considered winning bets with most bookmarkers. Three places will be paid for eight or more runners. On the other hand, a handicap race with 16 or more runners will have the first four places classified as ´placed‘.
• Bet To Finish - In this, the gambler wins if the horse finishes first, second, or third. This is one of the safest bets, so the payoffs will be much lower on average than the win payoffs.
• Each-Way - This term‘s meaning also varies with location. This type of betting means that the total bet will be split in two-one half will be placed on the win and the other half on the place. The bettors get paid if the horse either wins or is placed on the place criteria. Some bookmarkers in the UK offer a sixth of the odds for a place on the Grand National. They even increase the number of places to accomplish this to the first five finishing horses. This happens because there are many runners in this race (maximum 40).
Apart from traditional betting with a bookmarker, gamblers can both back and lay money on an online betting forum. Bettors who lay the odds as a result act as bookmarkers. The odds of a horse are set by the market conditions. The activity of the members decides what the market conditions of the betting exchange will be.
The main purpose of horse betting is to beat the ´Oddsmakers‘ and earn some money. Putting stakes on your favorite event gives you an adrenaline rush. You just need to state what you are betting on, the type of bet, and the amount you are wagering. But, the important part is making a selection which only good bookies can offer.
Horse betting is banned in some states and countries. Please check with your local government or authorities to be sure about gambling rules in your area.
For horse betting with the best bookies online go to www.horsebetting.org.
Contact:
Horsebetting.org
Po Box 32098
Grand Cayman, Cayman Islands
KY1-1208
Phone: 345-949-9301
Website: http://www.horsebetting.org/