Cracking The Code: Exploring Horse Racing Bet Types

April 22, 2024
No Comments
Valdemar Carneiro

For many centuries, betting on horses has been an exhilarating pastime for many people. However, if you’re a complete beginner in horse racing and still learning how to bet on horse racing, you might find it a bit overwhelming. That is why, it’s best that you first explore the different horse racing bet types before you dive into the action at Betvision88 Sports Betting. It’s because horse racing betting requires a blend of skill, strategy, and a bit of luck.

Win Bet

For complete beginners at BetVision88 Sports betting platform, win bet is the best betting type for you as you are guessing which horse will win the race. In some horse racing events, the payout for a win bet is predetermined. While on others, the payout will depend on how many people bet on each horse. Additionally, your share in the betting pool increases depending on the amount you bet on a horse to win.

Place Bet

In this horse bet type, you’re placing bets on horses to either finish first, second, or third place. For horse racing events with eight or more runners, the place bet covers the first and second positions. On the other hand, you can only win on your place bet on the winner and the runner-up for the horse race with five to seven runners. If there are fewer than five participants, place bets will not be available at BetVision88 Online Casino.

Each-Way

This specific horse racing bet type is a combination of win and place bets. If the horse you’re backing at BetVision88 Singapore wins, then both parts of your bet will be paid out.

In case that, the horse does not win the race but is in one of the top positions in the race, you’ll still win on your place bet. But it would be better if the horse wins as you’ll be enjoying a higher payout. While each-way odds are lower than win bets, they’re valuable for beginners or those uncertain about the race favorite.

Exacta

In this type of horse bet, you should do your research carefully and consider the odds for each horse because you need to predict exactly the places the horses will win. Therefore, winning means you need to predict the first-place horse and the order of all other horses.

Additionally, exacta bets payout is based on a pari-mutuel system. Therefore, you won’t know exactly how much money your winnings will be. On the other hand, you can opt for less-favored horses over favorites as it can potentially increase your payout.

Quinella

With quinella horse bet, you can choose two horses to finish the first or second place in any order. Compared to exacta, the payout for a winning quinella bet is much lower. It’s all because it’s simpler to predict the top two horses without specifying their order.

Trifecta

A Trifecta bet is similar to a place bet wherein you predict which horse will be in the first, second, and third place in a race. Compared to other horse bet types, trifecta offers a higher payout since it’s more challenging to accurately select three horses compared to two.

First Four/ Superfecta

In this type of horse bet, you’ll need to predict which horse will finish in the top four positions of the race. This can be a bit challenging, however, if your predictions are correct, then you’ll surely enjoy the higher odds and greater payout of Superfecta at Betvision88 Singapore betting site.

Final Thoughts

These are just the basic type of horse racing bets and there are still more exotic bets that you’ll come across at Betvision88 Sports Betting. BetVision88 is one of the leading platforms when it comes to horse race betting in Singapore and if you’re ready to support your favorite runners, visit Betvision88 Singapore today!

To maximize your chances of success, don’t forget to claim the generous bonus offered by BetVision, so what are you waiting for make your picks and win with every game!

FAQs:

Can I Bet On A Horse Competition At BetVision88 Sports Betting Using My Mobile Device?

Absolutely. At BetVision88 Sports Betting Singapore, you can conveniently place horse racing bets on any device – desktop, laptop, tablet, or mobile device. All you need to do is open your mobile browser and log in to your BetVision88 account.

Can You Possibly Place A Bet On A Horse Not To Win?

Lay bet is another type of horse bet wherein you are betting against a horse winning the race. However, this can be a bit costly for you as you have to pay out the bet amount multiplied by the horse’s odds.