Horse racing betting odds
Are you looking to place wagers with the best horse racing betting odds? Then, look no further. Betting on horse racing events is quite popular among punters, with many sportsbooks offering competitive odds to their customers. In this article, we will tell you everything you need to know about horse racing betting odds.
Sportsbooks with the best horse racing betting odds
On browsing the internet, you will come across hundreds of sportsbooks that offer betting opportunities on horse racing. However, not every one of them should be trusted. Fortunately, when you sign up at the following sites, you will access the most competitive horse racing betting odds on the market.
Horse racing betting odds explained
In simple terms, horse racing betting odds are mathematical depictions of how likely a horse can win a specific race. They reflect the chances that a particular horse has of emerging victorious in a race, and the amount to expect if your wager is successful. Normally, the lower the chance of winning, the larger the payout will be.
Odds vary greatly from horse to horse, track to track, and from one occasion to the other. For newbies in horse racing betting at the best US Sportsbooks, learning and understanding the odds is the first and most important thing to do. Once you’ve done that, you’ll be able to use them as a helpful guide in predicting the final outcome of an event.
Betting odds for horse racing – bet types
There are several types of bets that you can place on horse races. The following are the most common types.
How horse racing betting odds are decided
Let’s now look at how horse race betting odds are set. Unlike other sports odds which are fixed, horse racing odds are determined by the bettors. When you visit an online gambling site in the US, you’ll see odds displayed for each horse, commonly known as the morning line odds. These are just there to guide you, so they don’t have any impact on the final outcome.
When bettors start placing their wagers, the odds will also change, either increasing or decreasing. The more wagers placed on a horse race, the lower the final odds will be. This fluctuation of odds will continue throughout as long as betting takes place. In fact, it’s very common to see a horse starting as an underdog, and ending up winning, once a large bet is placed on it.
Handicap horse race betting odds explained
Handicapping in horse racing involves allocating a weight to each horse, in order to equalize the chances of winning. It is premised on the idea that a horse’s weight may ultimately affect its galloping speed. Thus, a superior horse will get a heavier weight, while an inferior horse will be allocated less weight.
Normally, the goal of the handicapper is to enable all participating horses to finish the race in a straight line. And to players, the aim is to predict which horse is better, as opposed to the handicapper’s choice.