There is the ever-present risk of injury or a simple change of plan by connections.
This can apply to races such as the Cheltenham Gold Cup and Champion Hurdle and are promoted on their websites. Ante-post markets are open on every event at the Cheltenham festival for 12 months of the year with the exception of the handicap races. Ante-post betting is not for everyone with the search for good value being tempered by a high element of risk. Bookmakers rush to quote prices for future events immediately after a big race but it is usually best to wait for the dust to settle.
These prices can vary wildly and it takes a couple of days for the market to settle down. The risk is injury is something that has to be factored in but you can at least limit your risk by doing some research. Often bookmakers will quote prices on horses for big handicaps where the connections or trainer have no intention of running. Study the racing reports regularly for confirmation of running plans before investing in the ante-post market.
His massive win saw him leave Lambourn to embark on a training career in the United States. Their first obligation is to the owner and not to the media and their plans can change at the last minute. You still run the same risk of losing your money if your selection does not take part, but you are in a better position to calculate likely running plans and assess the going. Some trainers will state in advance that they want fast or soft ground before declaring a horse so study the weather reports before risking a bet.
By eliminating some of the market leaders you can sometimes find good value elsewhere. The recent innovation of supplementary entries is another factor to take into consideration.
Top Ten Tips for Betting on Horse Racing
Horses can now be supplemented late on for the Classic races at great expense. These can often have a drastic effect on the ante-post market.
The fact that the owner has stumped up thousands of pounds indicates a degree of confidence so these entries are always worth a closer look. Forecast and Tricast betting involves selecting horses to finish first and second or first, second and third in the correct order. This is a lot harder to forecast than a simple win or each-way betting but the rewards are a lot higher.
Horse Racing Service
Reverse Forecast and Reverse Tricast betting is the same as Forecast and Tricast betting except that the horses do not have to finish in the same order. The bet covers all the permutations of your selections. Each permutation is a separate bet within the Forecast or Tricast so your original stake will be higher. For punters seeking a large payout from a relatively small stake, multiple bets are a popular choice. This involves combining horses from several races in doubles and upwards.
Double — 2 horses combined, both have to win for you to receive a return on your wager. Trixie — 3 horses in combined in 3 doubles and 1 treble, 4 bets in total. You only need 2 horses to win to get a return. Yankee — 4 selections in 6 doubles, 4 trebles and 1 accumulator.
You need 2 horses to win to get a return i. This bet can sometimes include the incentive of double the odds if only one selection wins or a bonus if all horses are successful. Canadian or Super Yankee — 5 selections in 10 doubles, 10 trebles, 5 four-way accumulators and 1 five-way accumulator i.
As with the Lucky 15, there are often extra bonus payments on offer. A Heinz combines six horses in 57 bets: 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and 1 accumulator. A minimum of two of your selections must win in order to get a return. Super Heinz involves every multiple combination of seven horses i.
A minimum of 2 of your selections must be successful to get a return. Goliath — 8 selections in every multiple combination for a total of bets. The bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and an accumulator. Again, a minimum of 2 of your selections must win in order to trigger a return. Scoop 6 — The Scoop 6 is the modern version of the old ITV 7 and is an accumulator on Saturday, across six chosen races. Each additional selection will increase your total stake. The Scoop 6 prize will roll over to the following weekend if nobody manages to name all six winners.
This means that the final payout can be considerably higher than the SP accumulator. This has resulted in syndicates being set up to chase the jackpot payouts.
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Winners of the Scoop 6 also win a Bonus Fund where they have to choose a horse in one specified race the following weekend. Tote Jackpot — The Tote Jackpot is a daily bet where you have to correctly name the first 6 winners at a specific meeting. Tote Placepot — A Tote Placepot is available at every British race meeting and requires you to select a placed horse in each of the first six races. Dividends are declared after the last Tote Placepot race.
These can be a popular bet at the biggest meetings of the year when there are large fields and competitive races, often leading to a large Place pot dividend. It consists of selecting a placed horse in the 4 Tote Quadpot races at your chosen meeting. The incentive for multiple bets is the hope of a massive win for a relatively small outlay. For example, there is little point in placing a Lucky 15 on four horses that are all likely to start at short prices. The advantage of the Lucky 15 is that you get a return on one winner, yet you are staking four extra points than you would for a Yankee.
Therefore you need odds of at least just to cover your extra stake. Likewise, you need for a Lucky 31 and for a Lucky Most professional punters argue against each-way betting and multiple betting but both have their advantages. The cumulative odds of his seven winners was over 25, — 1 but considerably larger if you took early prices.
The weight of the money rolling on to his seventh ride was such that Fujiyama Crest dropped from to favourite. Curley combined four horses running at Catterick, Lingfield and Kempton in accumulators placed overnight at odds in excess of 9, The horses had been placed with different trainers and had been off the racecourse for lengthy periods.
Bookmakers were undoubtedly caught off guard and their losses mounted up as punters across the country joined in as the coup unfolded. Unfortunately, most punters are unlikely to be blessed with the insight of Barney Curley but it does show how rapidly winnings can accumulate. For example: If you fancy four Willie Mullins runners to win at Cheltenham, you would win a lot more in an accumulator than you would from four single bets.
Following the Gaming Act , the only gambling allowed in the United Kingdom was at race tracks. The introduction of special excursion trains meant that all classes of society could attend the new racecourses opening across the country. Cash concentrated towards the bookmakers who employed bodyguards against protection gangs operating within the vast crowds. In , Harold Macmillan 's Conservative government legalised betting shops, with tough measures enacted to ensure that bookmakers remained honest. A large industry has grown since.
How are the odds calculated in place betting?
At one time, there were over 15, betting shops. Now, through consolidation, they have been reduced to between 9, and 9, in Improved TV coverage and the modernisation of the law have allowed betting in shops and casinos in most countries. In the UK, on-track bookies still mark up the odds on boards beside the race course and use tic-tac or mobile telephones to communicate the odds between their staff and to other bookies, but, with the modernisation of United Kingdom bookmaking laws, online and high street gambling are at an all-time high.
A so-called super-casino had been planned for construction in Manchester , but the government announced that this plan had been scrapped on 26 February They were forced to act when research at the time found there were eight million online players worldwide. With the arrival of the World Wide Web , many bookmakers have an online brand, but independently owned bookmakers often still maintain a "bricks and mortar" only operation as the software and hardware required to operate a successful online betting operation are complex and their costs are quite prohibitive; other bookmakers operate "skins" or "white label" websites, which they purchase from one of the large firms.
Horse Racing Betting Glossary & Terms
The main websites require bets to be from countries where Internet gambling is allowed and from people over 18 years old. Some small bookmakers and startups purchase software from specialised white label solution providers. Since gambling products have a high conversion rate from one niche to another, most online betting websites also feature other gambling products such as poker, live dealer casino games, lottery, bingo, slots and other casino games.
Controversially, the explosion in Internet gambling is being linked to a rise in gambling addiction, according to the UK's help and advice organisations for addicts, GamCare and Gamblers Anonymous. Increasingly, online bettors are turning to the use of betting exchanges such as Betfair and BETDAQ , which automatically match back and lay bets between different bettors, thus effectively cutting out the bookmaker's traditional profit margin also called an overround.
Betting exchanges compete with the traditional bookmaker. They are generally able to offer punters better odds because of their much lower overheads but also give opportunities for arbitrage , the practice of taking advantage of a price differential between two or more markets. However, traditionally, arbitrage has always been possible by backing all outcomes with bookmakers dutching , as opposed to laying an outcome on an exchange.
Exchanges, however, allow bookmakers to see the state of the market and set their odds accordingly. With the increasing number of online betting exchanges, betting exchanges are now providing free bet offers in an attempt to lure customers away from the competition. These free bets are generally based on the size of the deposit made into the gambling account. Some bookmakers have even taken to using betting exchanges as a way of laying off unfavourable bets and thus reducing their overall exposure. This has led to insecurity from some TABs in Australia, state-run betting agencies that attempted to deny Betfair an Australian licence by running unfavourable ads in the media regarding the company.
When Tasmania granted Betfair a licence despite these efforts, the Western Australian state legislature passed a law that specifically criminalised using betting exchanges from within the state; however, the law was later ruled to be unconstitutional. As a result, internet gambling in Australia required a new legal framework. The Interactive Gambling Act regulates the online gambling market in Australia, together with all its amendments.