For a beginner learning betting on horses, it is advisable to stick to straight bets, where the chances of winning are higher. Long shot bets should be avoided, since very few people make money from them.
You should bet on one of the top three or four favourites for the race, since the chances of losing money are lower . The best indication of the performance of a horse are the speed figures. This information is available at Beyers for US and Timeform for Europe.
The chances of winning can be improved by studying the handicap for the various horses. Analysis of the statistics also helps, though it tedious and time consuming.
Betting on horse races is legal in many countries and bets can be placed online at websites like bookmaker.com . You first have to select the race on which he wants to bet.
The different kinds of bets which can be placed are:
Win : if you pick a horse, if it wins, you win.
Place : you pick a horse to come second, if it does you win.
Show : you pick a horse to come in the third place, if it does you win.
Exacta : you pick two horses that must come first and second, in the order you pick them for you to win the bet.
Exacta box: costs double an exacta bet, because it covers the two horses you pick coming second and first in either order , so your chances of winning are higher.
Spending some time at a horse track regularly can help you pick a winning horse.
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