Horse racing spread betting explained further

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Fixed odds betting typically works with a predetermined return on the stake, however the liability or profit can vary when taking part in spread betting according to the accuracy of the bet. Spread betting companies will compile a list of different markets for each horse racing meeting every day. They will offer a prediction for each market and the challenge is for the customer to determine whether the outcome will be higher or lower than predicted.

If you agreed with the prediction then it would make sense not to have a bet. So bookmakers make their profit through over rounds i. They make their margin through the spread, i. The difference between the buy price and sell price is the margin. Advantages of Spread Betting So why should customers choose spread betting instead of conventional fixed odds action?

Therefore if a customer believes that a spread betting firm have made a big error in their predictions, they can exploit it to the fullest. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4. Daily Double or Double — Type of bet calling for the selection of winners of two consecutive races. Exacta — A wager in which the first two finishers in a race, in exact order of finish, must be picked.

Box — A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses. Exacta box — A wager in which all possible combinations using a given number of horses are selected. For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order , , , etc.

Quinella - Bet in which the first two finishers must be picked in either order. Trifecta — A bet in which the first three finishers must be selected in exact order. Trifecta box — A trifecta wager in which all possible combinations using a given number of horses are bet upon. Pick 6 or other number — A type of multi-race bet in which the winners of all the included races must be selected.

Brush Up on Gambling Lingo Bounce — A racehorse's especially poor performance on the heels of an especially good one. Chalk — Betting favorite in a race. Chalk player — Gambler who wagers on favorites. Key horse — A single horse used in multiple combinations in an exotic bet.

On the board — Finishing among the first three. On the nose — Betting a horse to win only.

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Winning Distances Winning Distances: The winning distance between the winning horse and the second placed horse for each race over a meeting, aggregated. For distances less than a length, the following applies: Nose 0. Double numbers: The combined total of racecard numbers of the winning horses of all races at a particular meeting, doubled. Stop at a winner: Number of races until a favourite wins at a meeting, x Multi-mules: Aggregate sum of the racecard number of the winning horse multiplied by the racecard number of the second placed horse for all races at this meeting.

Jockey Index Bet on the performance of a named jockey over a meeting. For each race in a meeting we award points to the jockey based on: 25 points if he wins the race, 10 points if 2nd, 5 if 3rd. If the jockey does not ride the intended mount but the horse still runs, then the horse still counts as if it had been ridden by the intended jockey.

The intended mount will be taken to be the horse published in the Racing Post on the day of the race as to be ridden by the jockey concerned. If the jockey rides any horse which, according to that day's tabloid edition of the Racing Post, he was not scheduled to ride, that ride does not count for the purpose of bets on that jockey. Match Bets Don't worry about the full field in a certain horse race, instead focus on a two-horse race by playing on our horse racing Match Bets.

Our Match Bets allow you to bet on how many lengths a named horse will beat, or will be beaten by, another horse in a particular race at a meeting. In a flat race, the maximum make up is 12 lengths. In a National Hunt race, the maximum make up is 15 lengths. The market is void if both horses fail to finish.

Note that the market can have a negative make-up if the favourite in the Match Bet finishes behind the other horse. Reverse forecast or RF : Composed of two selections and is a prediction for your two selections to finish 1st and 2nd in any order. It is effectively the same as placing two straight forecasts for your chosen selections. Straight tricast or ST : A single bet prediction of 1st, 2nd and 3rd in the correct order. Combination tricast or CT : Composed of a number of selections and is a prediction for your selections to finish 1st, 2nd, and 3rd in any order.

If it doesn't your bet loses. Insurance horse racing betting: A bet on the horse to win but you get your stake back rather than losing the bet if it finishes second or third, depending on the number of runners in the race. With that said, though, there's nothing that says they can't come out on top.

The simple reason for this is because the sportsbook has the right to shift the odds and spread whenever they want. You have to remember they'll want to try and come out even, so they'll shift the odds and spread more towards their favor. This is something you want to watch because you never know when it'll change. If possible, try and check the lines multiple times a day to ensure you're staying up-to-date on exactly what's going on. There are a few instances when it's a good idea to bet on a point spread.

The first is when both teams are relatively equal because there's a higher chance that you can win your bet. Another instance is if you're trying to get a larger return. These bets can give a great payout, but they can also cause you to lose a nice chunk of change. The final instance is when you know what you're doing and completely understand spread betting because placing a bet when you aren't sure what you're doing can lead to losing quite a bit of money.

Benefits of Point Spread Bets Some of the benefits of these types of bets are listed next. Don't have to choose a team to win Chance for a high return Point Spread Betting Strategies How to bet on Super Bowl Predict and Exploit Sometimes, an extra half-point or full point could mean the difference between winning and losing your bet.

The easiest way to do this is to watch the lines leading up to the game and decide if you want to bet now, later, or not at all. Remember, though, once you place your line bet, you're locked in and can't change it.

All you do is take the games you think you'll be interested in betting on and put down what you think the spread will be. Once you have everything down, you'll be able to look at the actual lines and see how far off you were. Simply put, if you see that the lines are equal or more in your favor, place your bet!

The Public and the Sharps If you're planning on betting on the underdog, you should wait until a few days before the game. As it gets closer, more people in the general public are going to be placing bets and the amounts will go up. Try to wait as long as possible before placing your bet. If you see a lot of movement earlier in the week, that's probably because of bettors that have a lot of money on the line. This is a good way to see where you should put your money.

How to understand betting odds? Double Down Let's say you place a bet on Team A to win. If you see that everything is moving more in your favor, don't be afraid to double down and place another bet. This could lead to winning double the money! How Point Spread Are Used in Different Sports Even though point spreads are used across multiple sports, they're all read pretty much the same way.

The only difference is how they score. For example, football would be goals, basketball would be points, and hockey would be goals. It'll all depend on the game and if you aren't sure, you can reach out to the pros handling your money.

How To Read a Point Spread It's actually really easy to read spread bets once you know what you're doing. Let's say Team A is The minus means that Team A is the projected favorite and the plus means that Team B is the underdog. With Team A, they'll have to win by 7 or more points for you to win your bet and Team B will need to win or lose by less than 7 for you to win your bet.

If Team A doesn't win by 7 and Team B either doesn't win or loses by more than 7, then you won't make anything. Managing Risk in Spread Betting The great thing is that there are multiple tools that you can employ to manage your risk. For starters, you'll want to make sure you know the market you're betting on because it's never a good idea to go in blind. You'll also want to make sure you have earnings reports to ensure you know where your wins and losses are. Finally, make sure you're using stop losses to ensure you're in a favorable position if the market turns on you and you'll be able to lock in winnings without accidentally losing them all back.

Betting Spreads FAQ We understand that betting spreads can be confusing, so we put the answers to some of the most frequently asked questions below. Take a look below to see them. What is a spread betting example? What do spread bets mean? With spread bets, the plus means the underdog will be getting the points, and the negative means that the favorite is giving up that amount of points. What does handicap 1.

What does spread betting mean? Spread betting is when you bet on a team to either win by a certain number of points or a team that has to lose by less than a certain number of points. It's one of the only bet types that you need to be accurate on.