Horse racing is one of the most popular sports to wager on using sports betting apps. Many of the leading sportsbooks enable bettors to make wagers on the action, before then watching live streams of the race that they have bet on, regardless of where the action is taking place.
It is one of the most exciting sports to wager on, as few other sports can rival the adrenaline rush you feel if your selection is within touching distance of the victory coming into the final couple of furlongs.
But, what are some of the most popular types of betting options available to bettors looking to wager on the horse racing action on mobile apps?
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Win Betting
Horse racing is a popular betting option for both novices and experienced customers. Therefore, the win betting market is a popular option across the board, given that bettors simply need to find the runner that will cross the finishing line first.
Gamblers looking to earn returns on this market will need to conduct extensive research and assess the potential speed plays in the race before making their final selection in terms of the horse that will win the race in question. Returns are awarded if you correctly predict the winning horse, while the stake is lost if your selection finishes second or worse.
Place Betting
Horse racing is often one of the most lucrative betting options to gamblers, as there are typically outsiders in the field that are given little chance of out-running their odds. If you’re tempted by an outsider in the field, then the place betting market could be the best selection to enhance your chances of returning cash.
In the place betting market, bettors will attempt to find a horse that will finish in the top two or three finishing positions. Returns for selections at bigger prices could be significant, while it is often a betting market that will see bettors overlook runners in the top two positions in the betting, as returns on those in this market will be minimal.
Once again, bettors will complete extensive research before making their selections, assessing the most likely pace angles in the field.
Exacta & Trifecta Betting
A very popular betting option for more experienced gamblers comes in the form of the Exacta and Trifecta betting markets. These will see bettors have to predict the runners that will finish in either the first two or three positions in the exact order.
The exacta will see bettors have to correctly predict the horses that finish in first and second, while bettors looking to land the trifecta must predict the first two finishers, as well as the runner that finishes the race in third.
Gamblers can also opt to box selections in this market, meaning that they can pick more than just two or three runners, with the returns then worked out based on the odds of the selections of the horses that finish in the necessary positions.
Superfecta Betting
One of the most challenging types of bets available to gamblers looking to make selections on the latest horse racing action is the Superfecta.
This type of bet is very similar to Exacta and Trifecta betting, but the biggest difference is that bettors must also correct predict the runner that finishes in fourth place. Therefore, in order to land a Superfecta, a bettor must correctly predict the runners that finish first, second, third, and fourth in the correct order.
Landing this type of bet is extremely challenging, meaning that extensive research must be completed before making a selection, taking into account the possible draw bias and the speed figures of each runner involved.
You can find more information about this kind of wager here: https://www.twinspires.com/edge/racing/betting-info/horse-racing/superfecta-bet/
Distance Betting
Sometimes it can be incredibly hard to overlook a short-price favorite when making a wager on the horse racing action. That has been the case in recent history when it came to the dominance enjoyed by Flightline. In these circumstances, the best betting option for many comes in the form of distance betting.
Here, the gambler will be wagering on the winning distance recorded by the favorite, with a benchmark set by the sportsbook. For example, a favorite could be set a benchmark of six lengths, and bettors will wager on whether the winning distance will be greater or not. Bets are settled following the official result on track.
Multiple Betting
A preferred option amongst professional gamblers to get the best value on their selections is multiple betting. This is where the bettor will combine two or more selections into a longer formed parlay.
Typically, this is a popular option when it comes to wagering on a number of short-priced runners in order to boost the odds and returns that a bettor could stand to win. However, in order to land returns on this type of bet, all selections must claim victory. One loser will see the bet settled and returns will not be awarded.
