Horse racing betting, odds and opinion

Horse racing: The Sport of Kings.

Horse racing is one of the oldest betting sports worldwide, having been practiced over numerous centuries, and is considered one of the favourite sports of the rich and famous. Horse racing can prove to be extremely profitable for those committed to following and studying the form.

Some common kinds of horse racing bets among enthusiasts, include:

• Boxed Bet: In this form of betting, all possible combinations are bet by an individual.
• Place bet: As the name suggests, this is a horse racing bet at a place. The amount is collected only when the horse completes the race, winning the first or second place only.
• Across the board bet: A bet is usually placed on a particular horse to win, a show and also a place. Thus, the player collects an amount in three ways if the horse on which he or she bets wins. In the case of the horse taking second place, the player wins in two ways, and he or she wins in one way if the horse gets the third place.
• Parlay or Accumulator: This is known as multiple bet. In this kind of bet, the player makes selections on several bets at a time, taking into account the horse racing odds and make their decisions accordingly. They mainly work by pressing the first win on the next race that has been selected and this way the bet moves on. However, this is difficult because all selections are required to win so that the parlay is won. In the situation of there being a tie, or the race is cancelled or postponed, the parlay is reduced by a selection. If there is a double parlay, it becomes a straight bet and if there is a triple parlay, it becomes a double. If such a race wins, then the parlay bet can yield huge benefits.
• Single bet/Straight bet/Win Bet: These are the most simple and common bets suitable for any starter. You will be required to bet on a winner at certain given odds. You can collect your amount only if the horse you choose finishes first.
• Combination bet: This is when a bet is placed on a combination of horses that includes two to four horses. The horses need to win in a certain chosen order so that you qualify for the amount.

Betfair is the best place to get involved in horse racing betting because we have a comprehensive range of superb odds.

We make it easy to place a horse racing bet on a great range of events, from Australian races like the Caufield Cup, the Caufield Guineas, the Cox Plate, the Golden Slipper and of course the Melbourne Cup. We also have markets in your favourite English races, such as the Grand National, Cheltenham and Ascot.

Check out our horse weekly preview and horse racing calendar to make sure you have the best information at your fingertips, and don’t forget to keep an eye on our horse racing results to find out how your selections have fared.

Betfair is the world’s largest betting exchange. Because of the unique way we operate, we are able to offer odds higher than bookmakers, in-play betting and the option to bet on something not to happen, all options we feel make us the best bet.