Types Of Bet
What is 'betting each way'?
In betting in horse races, ‘betting each way' is possibly the best way to start punting on horses. It means you're backing a horse to finish in the first three. The most important thing to remember is when you're handing over your cash you'll say, “five pound each way on Jonny's Boy.” That actually means you're handing over ten pounds, because you're betting five pounds for a win and betting five pounds for it to finish in the first three. If it wins, you get your five pounds, but you also get the five pounds bet at a fraction of the odds, normally a fifth for the first three.
When should I place an each way bet?
It's a good idea to place an each way bet when you've studied the form and you've discovered a horse which has got a good chance of finishing in the first three, but not necessarily blow the field away and win the race. It's also important to remember that you want to be betting each way when the odds on a horse are big, like 16-1 or 20-1. There's no point doing an each way bet when it's 3 -1 or 4-1, because you're barely going to get your stake back.
What is 'betting on the nose'?
In horse racing, a bet known as ‘betting on the nose' backs a horse to win and win only. If it comes third in the horse race, you won't get any money from the bet, and if it comes second, you also won't get any money from the bet.
When should I place a bet on the nose?
A type of bet in horse racing ‘bet on the nose' should be placed when you've done your research, looked at your all important form, and you can't see a reason why this horse is going to be beaten. You think it's better than every other horse in the race, and importantly, you also think it's possibly the wrong price. If you think this horse should be six to one for the race, and it's seven to one, then you should go full steam ahead with the bet and have a whacking great load of money on it.
What's an accumulator bet?
An accumulator bet is a series of bets - possibly three. You might back Johnny's Boy in the first race, Trixie's Dean in the second and King of Persia in the third. You're backing three horses in one bet, so all of them need to come up for you to win. You can do an each way accumulator, where again you're backing those three horses to finish in the first three of each of their races.
When should I place an accumulator bet?
An accumulator bet is considered a bit of a mugs' bet. The odds are so huge that punters are saying the potential returns, for actually working out the chances, are really very slim. If you've done your research, and you've found three horses with really good solid chances, there's no reason why you shouldn't go ahead with an accumulator bet.
What's a spread bet?
Spread betting is completely different to fixed-horse betting. You don't know how much you're going to win, you don't know how much you're going to lose, and your stake is a different scenario altogether. Bookmakers will rate horses' chances of winning on an index-based system. They'll give fifty points for a win, thirty for second, twenty for third, and on that basis they'll give a 'quote' to a horse, say, 'Johnny's Boy is twenty-five to thirty'. Now if you don't think Johnny's Boy stands a chance in this race, you 'sell' at twenty-five. But if you think he's going to win, you'll 'buy' at thirty, and you'll buy for a monetary value. Say you'll buy for thirty pounds, you win thirty minus fifty, which is the maximum makeup of points that he can get, and then you 'times' that by your stake. So if he wins, that's twenty points to you, twenty times one, twenty quid in the pocket. If you sell, and he wins, and remember you're selling at twenty-five, it's twenty-five minus fifty, and twenty-five times your stake, so you lose twenty-five pounds. It's complicated, and it's not for the faint-hearted.
When should I place a spread bet?
Spread betting in horse racing was once brilliantly described as a thrilling introduction to the official receiver; it should only be undertaken by people who know the game inside out, because losses can be huge.
When do each way bets get paid out for fourth place?
Each way bets get paid out for fourth place in handicap races of more than 16 runners.
When is a bet 'odds on'?
In betting, an ‘odds on' bet is where you've got a horse which is so good the bookmakers don't want to give you anything. For example, say Chocolate Teapot has won its last 5 races and it's running at Linfield tomorrow, the bookies may well price it at 4:5. That means if you make a five pound bet, you're only going to get four pounds back.
What is a Forecast bet?
In betting, a ‘forecast bet' is where you pick two horses to finish the horse race in the first two positions in any order.
When should I place a Forecast bet?
A forecast bet comes to the rescue when punters cannot just make their mind up between two horses they really fancy.
What is a Tricast bet?
In betting, a bet known as a 'tricast' is when you fancy three horses and you are backing all of the horses to finish in the first three, in any order.
When should I place a Tricast bet?
A Tricast bet, again, comes to the rescue of those punters who can't make up their mind. They've found three horses in the same race that they really, really fancy. They've got themselves into a bit of a muddle, so they go for a Tricast.
