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.
Who is set to win the Grand National 2021?
Katie Walsh knows a thing to two about the Grand National. Above in partnership with Betway, she details the tough path that women jockeys have had to even gain the opportunity to participate in the event. Consequently the history of female jockeys in the sport only goes as far back as the late 70’s. Even with that being the case though, Walsh herself came an impressive third on Seabass in 2012, and so without a doubt the first female jockey winner of the Grand National is out there somewhere.
As for the 2021 race (which itself has three female jockeys taking part) current betting odds would suggest that Cloth Cap trained by Jonjo O’Neill and ridden by Tom Scudamore is head and shoulders above the rest, at 4-1 at time of writing. In looking to be one of the shortest priced winners in the history of the race, he has to fend off the likes of Burrows Saint and Every Second now (both 10-1). Whatever the eventual outcome it’s great to have the Grand National back!
Tiger Roll
Arguably the most famous horse in Britain in recent years, Tiger Roll requires little introduction. On Saturday, April 6, 2019, he led home a notable 1-2-3-4 for Irish-trained horses in the Grand National and, in so doing, became the first horse since Red Rum, in 1974, to win the renowned steeplechase two years running. Indeed, despite being allotted joint top-weight, he was favourite to complete an unprecedented hat-trick in the 2020 renewal when the Grand National meeting was cancelled by the Jockey Club due to the Covid-19 pandemic.
Of course, all is not lost for Tiger Roll but, now an 11-year-old, he ran a lifeless race when pulled up in the Glenfarclas Cross Country Handicap Chase at Cheltenham on his reappearance in November, 2020. He remains favourite for the 2021 Grand National but, having been installed at 10/1 when Elliott confirmed that he would be aimed at a third victory in March, 2020, at the time of writing he can be backed at 20/1 ante-post.
Bred for the Flat and once owned, by unraced, by Godolphin, Tiger Roll is diminutive in stature, at just 15.2 hands high, but blessed with powerful hind quarters. Owned, nowadays, by Gigginstown House Stud and trained by Gordon Elliott in Co. Meath, he was originally bought as a Cheltenham Festival prospect, but exceeded expectations by winning the Grade One Triumph Hurdle on just his third start over hurdles.
Fast forward seven years or so and Tiger Roll has won the National Hunt Challenge Cup, the Glenfarclas Cross Country Chase twice – making a total of four Cheltenham Festival wins in all – and the Grand National twice. It would be fair to say that, regardless of whether or not he runs in another National, or any other race, Tiger Roll has earned his place in the history books.
Istabraq
Istabraq, who won the Champion Hurdle at the Cheltenham Festival in 1998, 1999 and 2000, has the distinction of being the latest of just five horses – the others being Hatton’s Grace, Sir Ken, Persian War and See You Then – to win the two-mile hurdling championship three times. Indeed, his Timeform Annual Rating of 180 places him second on the all-time list of hurdlers, ahead of the aforementioned quartet, alongside Monksfield and behind only Night Nurse.
Bought by intended trainer John Durkan, on behalf of J.P. McManus, in 1995, Istabraq was transferred to Aidan O’Brien when Durkan was diagnosed with leukemia the following year. Istabraq made his hurdling debut at Punchestown in November, 1996, where he was narrowly beaten but, having been gelded, won his next three starts on the way to his first appearance at the Cheltenham Festival, in the Royal Sunallliance Novices’ Hurdle. Durkan had predicted that Istabraq would win the latter, which he did, albeit all out in the closing stages.
Istabraq returned to the Cheltenham Festival in 1998, justifying favouritism in the Champion Hurdle with an effortless 12-length victory, made tragically poignant by the death of Durkan, at the age of just 31, the previous January. The rest, as they say, is history. In a remarkable career, Istabraq was, according to Timeform, ‘a giant in an age of pygmies’; all told, he won 23 of his 29 starts, including 14 at the highest, Grade One level, and amassed a little over £1 million in prize money. Having won on four successive occasions at the Cheltenham Festival, Istabraq was denied the chance to make it five when the meeting was lost to a foot-and-mouth outbreak in 2001; at the time the Festival was cancelled, Istabraq was odds-on, at 1/2, to win an unprecedented fourth Champion Hurdle.