If the horse comes in second, you collect for the place and show payouts. If the horse comes in third, you only collect the show payout. As you might have guessed, the trifecta requires you to pick the the exact order of the top three horses. As long as you have the correct horses, you will win your bet.
It also goes into detail on how the odds work. This is a great atmosphere full of avid horse racing fanatics unable to make a lengthy trip to Baltimore. You can be sure there will be plenty of others in Sin City for the race. The best place to watch the race is the MGM Grand. The four second-level boxes can fit 8 to 10 guests. Stick to what you know and focus on the horses that ran at Churchill Downs.
Forget About the Long Shots — The temptation of finding a long shot for a big payout is hard to ignore. However, the Preakness has historically been the time to load up on the favorite. Not only is it ran on a smaller track, the field is typically much smaller than the Derby. For example, professional horseplayers put their own morning line on each race to determine overlays.
A simple way to find overlays is to trust the oddsmaker at major racetracks. Then bet on horses that are going off at odds much higher than their morning line. Although you can make all kinds of wagers, newcomers should focus on straight bets, meaning to win, place, and show. You collect on a win bet when your horse finishes first, on a place bet if it runs first or second, and on a show bet when your horse ends up first, second, or third.
The concept is a simple one to grasp. Bet one horse to do one good thing for you to win money. In betting, you can use multiple horses, giving yourself a chance to cash a sizeable ticket and still keeping your investment small. Exotic wagers see Chapter 15 give you a chance to win a sizeable amount of money with a small investment.
With a small bankroll, the main exotic plays are the quinella, exacta, and daily double. The last two plays produce high rewards but are also very high risk wagers. But because you beat both race favorites, the daily double payoff is overlaid. The ultimate wager in going for the score is the pick 6.
My recommendation is to bet the pick 4. That price is much more affordable than the pick 6. Beat a couple race favorites in the pick 4, and you could take home a nice windfall for the night. Planning your wagers and managing your bankroll with discipline are vital contributors to winning at the horse races — so much so that Chapter 13 no pun intended is devoted to that topic. No ATM withdrawals allowed! If you tap out, no chasing good money after bad.
I like to plan my overall day of gambling so I have some idea how many races interest me. For example, if I really like three horses to win, I must discipline myself to use a percentage of my bankroll on those three horses and races first. I still have enough flexibility to make a small unplanned action bet or two. If I win one of three, I have a chance to break even. If I win two of three, I make money for the day.
If I win all three prime bets, consider it a lady luck afternoon. I also have flexibility if any of my action bets win. This is just one example. I want you to understand the principle that some of the profits should be reinvested into your prime plays, which are your strongest plays, and not just frittered away on unplanned action bets. Chasing your losses can turn a bad betting day into a horrendous day. For the longest time, the racetrack was the only place to go for betting on the horses.
Now you have hundreds of places to bet horse races, including out of your own home. I give you an idea of how much everything costs, where to sit, where to eat, where to see the horses up close, and so on. OTBs off-track betting parlors are popular places to bet on horse racing. The good ones offer a lot of amenities, such as fine dining, cushy chairs, plenty of work space, betting terminals at your seat, and so on.
The search is powered by Mapquest, so you can request text directions or print out a map. If you need additional information, telephone the facility before going there. In Las Vegas, you can bet on the races in race books.
These are well-appointed rooms with plenty of seating, well-lit counter space, dozens of television sets, lots of ticket writers to handle your wagers, and something Las Vegas is very famous for — free drinks. Nearly every casino in town has a race book for the horses. The race book is right next door to the sports book 99 percent of the time.
Yes, betting on sporting events is legal in the state of Nevada. Many race books offer contests and twin quinella wagers that can maximize your winning potential. A list of the local contests is printed a couple times a week in the Daily Racing Form.
I give you more Las Vegas horse betting information in Chapter Unfortunately, the two networks have racetrack exclusive contracts. So to see all the available race signals, you need to find a provider that carries both channels, whether you have a cable or a satellite system. As far as betting, there are many providers of telephone wagering throughout the United States. You need to verify what companies you can legally sign up with in the state you reside.
You can also set up betting accounts with Internet companies. You can find a detailed list of bet providers in Chapter Here are ten questions about the sport from simple to not so simple. I gave the test to Mr. Ed, and he aced it. When the starter presses the button to begin a race, the stall doors spring open and the horses and riders come out.
Is the starter turning on or turning off the electricity to open the stall doors? Who was the most famous Australian Thoroughbred racehorse of all time? A Hollywood movie has even been made about him. If I bet a trifecta part-wheel, keying one horse to win and putting four other horses underneath, how much does the ticket cost?
A horse is winning a race very easily. The jockey grabs the horse around the neck and hangs on. The horse lands on its stomach and slides across the finish line. Does he still win the race? The quarter-pole is literally a quarter of a mile from the finish line. Racetracks use a heavy duty automotive battery connected to the starting gate. When the starter presses the button, he turns off the electricity, which has been keeping the stall doors shut.
Phar Lap. He came to the United States to race and unfortunately died under mysterious circumstances. The Kentucky Derby is for 3-year-old horses, so you can only run in the race once. Jockey George Woolf. The key is that the jockey stayed on the horse, so the animal carried the correct weight across the finish line. Acey-deucy is a jockey riding style where the right stirrup is shorter than the left stirrup.
Measuring the differences between long and short races. Leveling the playing field in horse racing. In professional sports like football, baseball, and basketball, every attempt is made to keep the sport honest and to create a competitive balance. This competitive balance, also known as parity, gives the competitors an equal chance of winning. Pro sports strive for parity by maintaining a salary cap or some sort of player cost control. In theory, one team is prevented from buying up all the good players and creating a mismatch of playing talent.
In this chapter, I describe how horse racing establishes its competitive balance, even though all horses are not created equal. I concentrate on Thoroughbred horse racing, even though harness racing and Quarter Horse racing have similar underpinnings.
I cover harness racing in detail in Chapter 19 and Quarter Horse racing in Chapter Thoroughbred racing has a system in place in which the owner of a racehorse can find a race that her horse can win. This is the foundation of horse racing in regards to betting purposes. Horse racing would be an unattractive gamble if the big favorite won every race. Most horse races outside the United States are run on grass courses. The courses are lush, green, very long, very wide, and in many ways pattern the countryside.
Short meets, usually compacted over weekend dates, are run on these courses. The measured amount of racing allows the turf. Open navigation menu. Close suggestions Search Search. Skip carousel. Carousel Previous. Carousel Next. What is Scribd? Find your next favorite book Become a member today and read free for 30 days Start your free 30 days.
Create a List. Download to App. Ratings: Rating: 3. Length: pages 8 hours. Description How to enjoy a day at the races-and bet to win! The last two years have seen a record number of Americans tune in for climatic Triple Crown races featuring Smarty Jones and Funny Cide; in , television viewership jumped a whopping 61 percent over the record set in , and the Belmont Stakes race itself drew a record crowd of more than ,!
This easy-to-understand guide shows first-time visitors to the track how to enjoy the sport of horse racing-and make smart bets. It explains what goes on at the track, what to look for in horses and jockeys, how to read a racing form and do simple handicapping, and how to manage betting funds and make wagers that stand a good chance of paying off.
Complete with coverage of off-track and online betting, it's just what anyone needs to play the ponies-and win! About the author RE. Related authors. Related Categories. Lingo Introduction Horse racing may be the most American of all professional sports played today. Foolish Assumptions Before writing a word in this book, I made a few ironclad assumptions about you: First, you have zero base knowledge about horse racing and betting, which is why I start from square one.
Horse Racing and the Betting Scene Part I begins with me telling you everything you need to know in a nutshell, that is about betting on horse racing. Part III: Gaining and Keeping a Competitive Edge If handicapping is comparable to cooking a good meal, then you need to know the ingredients and how to use them.
Part IV: Risky Business: Tackling More Advanced Bets In this part, I bring you into the world of exotic wagers, where your chances of winning go down, but the payoffs go sky high if you do win. Appendix Horse racing has its own jargon.
Following is a brief description of each icon that appears in this book: This icon marks useful information that can save you time, money, or both. This icon marks important information you want to remember. This icon marks dangerous scenarios and pitfalls to avoid in the world of betting. Horse Racing and the Betting Scene In this part. Chapter 1 Playing the Ponies for Pleasure and Profit In This Chapter Contrasting the different kinds of horse racing Getting a grip on handicapping Introducing yourself to the world of parimutuel wagering Exploring the basics of successful betting Finding out where to bet Testing your knowledge: A horse racing quiz Nearly 40 states in the United States conduct some sort of live horse racing.
Taking all factors into account Winning a horse race is never a one man show. I cover all the nuts and bolts of parimutuel racing in Chapter 3. Starting off simply Although you can make all kinds of wagers, newcomers should focus on straight bets, meaning to win, place, and show.
Going for the score Exotic wagers see Chapter 15 give you a chance to win a sizeable amount of money with a small investment. Managing your money Planning your wagers and managing your bankroll with discipline are vital contributors to winning at the horse races — so much so that Chapter 13 no pun intended is devoted to that topic.
Deciding Where to Bet For the longest time, the racetrack was the only place to go for betting on the horses. What is the quarter-pole, and where is it located on the racetrack? Name the horse that won the Kentucky Derby the most times. Every horse racing quiz asks this silly question: How many furlongs are in a mile?
Who was The Ice Man in the movie Seabiscuit? Who played him in the movie? Can a pregnant horse win a race? If I ride acey-deucy, should you be worried about me?
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When you get full, just put the book down for a while. When I introduce a new product, a racetrack, or something I want you to find out more about, I often include a Web site address, which appears in monofont. Sidebars: These gray-shaded boxes highlight information that relates to the topic, and they often include personal stories from my experiences in the horse racing and betting world. The info is great, and the stories are all true, but you can skip these sections without worrying about missing out on too much.
First, you have zero base knowledge about horse racing and betting, which is why I start from square one. My third assumption is you have at least a slight interest in finding out how and why certain things work in horse racing. For example, commenting on blinker changes on a horse and its impact on your handicapping is one thing. But I assume you want to know how and why blinkers work on the horse so you have a better understanding of how that affects your handicapping.
Wondering what in the heck blinkers are? I get to that eventually. When I organized the Table of Contents for this book, I tried to put myself in the reading chair of a newcomer. Some people like to read every word and devour each thought like a morsel of caviar.
Hurry up with the hamburger and small fries, and make it snappy! Of course, plenty of readers lie somewhere in the middle of these two extremes. Each chapter is meant to be self-contained, meaning you can read a chapter in the middle of the book and understand it without reading everything before it.
And because a winning horseplayer is built up layer by layer, each chapter has a progression from start to finish. No form of gambling is ever that easy to master. Part I begins with me telling you everything you need to know in a nutshell, that is about betting on horse racing. After you have all that down, you get into the many different types of horse racing.
You need to be familiar with the horse, jockey, trainer, owner, racing surfaces, and equipment changes. If handicapping is comparable to cooking a good meal, then you need to know the ingredients and how to use them. Any horse racing recipe begins with the Daily Racing Form. In this part, I show you how to read it and point out key information to look for. Then I introduce betting ideas and money management. In this part, I bring you into the world of exotic wagers, where your chances of winning go down, but the payoffs go sky high if you do win.
Not enough? Playing the ponies from any place but the racetrack is easier than ever. Here I also introduce two breeds of horse racing, harness and Quarter Horse, that are as exciting to watch and bet on as the Thoroughbreds. The Part of Tens is in all For Dummies books, and this book is no exception. Read the lists, decide whether you agree or disagree, and let me know what you think. Horse racing has its own jargon. They point out bits of information that you should pay particular attention to, or that you can skip altogether in the case of the Technical Stuff icon.
Following is a brief description of each icon that appears in this book:. This icon highlights those stories. Ideally, you should read from cover to cover. The information is sequenced to take you through the horse racing and handicapping process step-by-step. For the recreational handicappers, this book is an excellent reference tool. If you want to bone up on a topic or two, read over the Table of Contents and find the chapters that look interesting and helpful.
Good help is often hard to find. Good luck betting on the horses! H orse racing is unlike any other American spectator sport. In this part, I introduce the different types of horse racing and the inner workings of the horse races. Contrasting the different kinds of horse racing. Getting a grip on handicapping. Introducing yourself to the world of parimutuel wagering. Exploring the basics of successful betting. Finding out where to bet. Testing your knowledge: A horse racing quiz.
Nearly 40 states in the United States conduct some sort of live horse racing. It has been a legal form of gambling a lot longer than casino gambling. In fact, back in the s, horse racing was right up there with baseball and football among the leading U. Horse racing has slipped in popularity. But since the mid—s, the game has been making a steady comeback. Both lost the Belmont Stakes to narrowly miss a Triple Crown, but record television ratings were set, and crowds of more than , people came out to see them try to make history.
I try to give you answers about horse racing before you even ask the questions. I focus a lot on betting, but I still take the time to explain the nuances that makes horse racing such a uniquely great game. Horses have always been a part of American culture. In early times, the animal was used in farming and transportation — so much so that when the automobile was invented, carmakers used the term horsepower to define how powerful the car engine was.
It was a term that people could easily understand. Three types of horse racing have evolved in the United States, each of which has its own peculiarities that attract a loyal following:. Standardbred or harness racing: In this form of racing, a driver sits behind the horse in a small cart called a sulky instead of riding atop the horse like a jockey.
Chapter 19 is devoted to harness racing information and handicapping tips. Quarter Horse racing: These horses are bred for break-neck speed, and the races rarely exceed yards. Head to Chapter 20 for the ins and outs of this exciting form of racing.
All races are run at a racetrack that holds licensed race meets. Each state has a racing commission that ensures that all the rules of racing are being followed. Due to the fact that people are betting on the outcome of horse races, the racing commissions place utmost importance on protecting and policing the integrity of the sport. In any gambling game, having lady luck on your side is always better. But when it comes to handicapping, brains and intellect win out much more often than luck.
Handicapping is the art and science of picking winners. You can do it several ways, though I prefer to stay away from using hat pins, coins, darts, and rabbit feet to pick my horses. Most have studied the races the night before, marking their notes in the newspaper. Instead, I go through and eliminate the losers. The losers are those horses I think are too slow or overmatched to win that day. Getting the losers out of the way creates a smaller pool from which to pick winners, making your job a lot easier.
Each label is self-explanatory. Speedballs prefer to take the early lead. Pace horses stalk the early pace. Their past performances show more 3s and 4s, indicating their running position. I like to look for the race shape, which is how I project the race will be run. For example, if multiple speedball horses are racing, the early pace will be fast, and a speed duel will hurt their chances of winning. Conversely, if only one speed horse is racing, I call this the best bet in horse racing — lone speed.
I take into account the overall class of each horse. The classier horses win races when facing lesser rivals. For example, cheap claiming horses exhibit less class than allowance or stakes horses. I cover the class and classification of horse races in Chapter 2. Winning a horse race is never a one man show. See Chapters 7 and 8 for more. Publications like the Daily Racing Form and the racetrack program print statistics that are paramount to your handicapping. Both publish statistics on the jockeys and trainers.
Equipment changes are also duly noted, such as whether the horse has blinkers on or off, is using Lasix medication, is wearing front bandages, and so on. At minimum, the change is a signal that the trainer is trying something different to win a race. Chapter 10 is all about equipment changes. In addition, the program and Daily Racing Form list the track condition such as fast, good, muddy, and sloppy for the main track and firm, good, soft, and yielding for the turf course from race to race so you can see whether a horse runs its best effort on a certain type of dirt or turf surface.
See Chapter 9 for more on track surfaces and conditions. Parimutuel wagering is the accepted betting system in the United States. The French invented it, and the word parimutuel means betting amongst ourselves. In parimutuel wagering, the money wagered goes into a common pool. After deductions are taken out to cover racing expenses and taxes to the state, the remaining money gets paid out to the winners. The win odds on each horse, which reflect the probable win payoff, are determined by the betting public.
The more money bet on a horse, the lower its odds. Horses called long shots have higher odds because very little money has been bet on them to win. A tote board on the infield and displayed on television monitors all around the racetrack relays the odds and potential payoffs for parimutuel wagers. In horse racing, betting overlays is the key to success. Overlays are horses going off at odds higher than their real chances of winning the race.
For example, professional horseplayers put their own morning line on each race to determine overlays. A simple way to find overlays is to trust the oddsmaker at major racetracks. Then bet on horses that are going off at odds much higher than their morning line. Although you can make all kinds of wagers, newcomers should focus on straight bets, meaning to win, place, and show. You collect on a win bet when your horse finishes first, on a place bet if it runs first or second, and on a show bet when your horse ends up first, second, or third.
The concept is a simple one to grasp. Bet one horse to do one good thing for you to win money. In betting, you can use multiple horses, giving yourself a chance to cash a sizeable ticket and still keeping your investment small. Exotic wagers see Chapter 15 give you a chance to win a sizeable amount of money with a small investment. With a small bankroll, the main exotic plays are the quinella, exacta, and daily double.
The last two plays produce high rewards but are also very high risk wagers. But because you beat both race favorites, the daily double payoff is overlaid. The ultimate wager in going for the score is the pick 6. My recommendation is to bet the pick 4. That price is much more affordable than the pick 6. Beat a couple race favorites in the pick 4, and you could take home a nice windfall for the night. Planning your wagers and managing your bankroll with discipline are vital contributors to winning at the horse races — so much so that Chapter 13 no pun intended is devoted to that topic.
No ATM withdrawals allowed! If you tap out, no chasing good money after bad. I like to plan my overall day of gambling so I have some idea how many races interest me. For example, if I really like three horses to win, I must discipline myself to use a percentage of my bankroll on those three horses and races first. I still have enough flexibility to make a small unplanned action bet or two. If I win one of three, I have a chance to break even.
If I win two of three, I make money for the day. If I win all three prime bets, consider it a lady luck afternoon. Sometimes, ignorance is bliss You're betting on a horse to win the race. Obviously, some of those are more challenging endeavors than others so, as is always the case with gambling, play the odds at your own peril. By Pete Blackburn. Oct 3, at pm ET 1 min read. Our Latest Stories Sam F. Preakness Stakes betting terms explained Pete Blackburn 1 min read.
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