Many horse racing betting beginners are instantly disheartened from betting on horses when they see…
Most Profitable Betting Types in Horse Racing
Maybe you find it hard to choose which type of betting you want to place your bet on horse racing. Of course, given the many betting types available, you can have many choices. Well, that’s the good thing about horse race betting. The more choices, the more the best winning odds you would have.
But if you want the best winning odds, you must know which horse racing betting types are profitable. It may sometimes depend on your strategy. However, the betting type in horse racing that you choose is a massive factor for profitable betting. Now, let’s go through the most profitable bet types in horse racing.
Why Are Exotic Bets More Profitable?
It has always been the norm to say that the higher the risk, the higher the profits. Well, this is also true in horse race betting. Exotic bets have a meager chance of winning odds than straight bets; thus, high profits are likely to be found in exotic bets.
That’s why exotic bets are popular among horse race bettors because they allow you to make loads of money in a short period if you make it right.
Across The Board
In across-the-board betting, you will have various bets combined in one single bet. These various bets are typically the win, place, and show, or known as straight bets. If your horse wins the race, you get all the payoffs for the three bets.
If second, then you will get the payoffs for the place and show. In betting across the board, you can have more chances of winning, and at the same time, you can have bigger payoffs than the other straight bets. This bet is a good choice for beginners.
Exacta
Exacta is the favorite bet of many horse bettors. If you are not confident enough to place your bet on a single odd, then exacta is a good bet for you. Betting in exacta allows you to gain big profits while having only a small wager.
To win in the exacta, you must choose two horses to finish the race in the exact and correct order. However, it has a low chance of winning odds. Thus, you need an excellent strategy to win your bet.
Superfecta
Superfecta is one of the most popular betting types in horse racing. It is popular because it indeed gives off enormous profits. However, you must brace yourself as it is an extremely hard wager to win. In winning the superfecta, you must accurately predict the first four horses to reach the finish line in the exact order.
If you are confident to bet on superfecta as you know the participants and other aspects of the race, then taking the risk could be a good decision and bring you huge payoffs.
Daily Double
In daily double, you will not only pick a single horse to win the race, but instead, you will be choosing horses that will win in two consecutive races. With daily double bets, you will get to experience more fun in horse race betting.
The daily double is one of the most profitable betting types in horse racing, especially if you hit that bet. However, daily double is quite a high-risk bet which is very common with lucrative bets making the daily double available in many horse racing bookmakers.
Trifecta
Trifecta could be one of the oldest betting types of horse racing that is offered. Usually, the more risky the bet is, the higher the payoff would be given. Trifecta is quite different from other types of bets because it is challenging to do yet more profitable.
Because in order to win the trifecta, you must have to pick horses that you anticipate to finish in first, second, and third place. Also, the chosen horses must finish in the same order.
There are several variations in playing this type of betting, such as Trifecta box bet, Trifecta wheel, Banker, and Roving Banker.
Conclusion
Besides picking the most profitable or the most accessible betting types in horse racing, you can also beat the odds if you know what you were doing. Most importantly, in betting on exotic bets. Like the other kinds of betting, taking such risks requires a lot of understanding about how the system in horse race betting works for you to become profitable.