Just because you came in first at the loser’s bracket of your fantasy league doesn’t mean you’re a veteran gambler, which explains precisely why we’re here with an easy-to-follow guide on how just to make money at the racetrack, whether you are a beginner, a veteran, or just a really, very rich person who is tired of hanging out on private islands.
Horse betting for beginners
Once you enter the Grandstand — the area where everyone hangs out and gambles — you will have to know a couple of things to start tapping that bankroll and creating a penny or two. Here’s a basic primer:
Since the dawn of time, the common increment has been $2. Sure, you can bet a crisp $100 bill but we would suggest starting with a two-spot.
Should you bet the favorite (or the”chalk”) every time, then you will have approximately a 33% probability of winning. Not bad odds, right?
You’ll be gambling in a parimutuel environment, meaning all stakes of a particular type (see bet kinds below) are put into a pool. Winnings come from the pool. Where you’re betting against the residence so it’s unlike blackjack or poker. Here, you’re up against horse bettors.
Normal or”directly” horse bets come in three forms: Win – You are betting on the horse to cross the finish line — i.e., to win the race. Place – You are betting on the horse to come in either first or second. Display – You are betting on a horse to come in first, second, or thirdparty. NOTE: The two wager types are the most easy way to get acquainted with playing the races. We’d suggest before falling serious dough, making a few of these.
Horse betting is all about the chances. You double your money to $ 6 if you bet $ 2 with 2-1 odds on a horse to Win. To put it differently, multiply 2 x 2/1 + your bet that is $ two. Third-grade mathematics skills go a long way in life.
Beginners should put bets at a window. There is a degree of relaxation you achieve standing face-to-face with a individual and reading your bet to them — rather than using an electronic gambling machine or ADW (which we’ll encounter later).
Horse gambling follows a sequence. Let us say it is the 5th race and you would like to bet on horse No. 4: strategy the betting window and declare to the teller,”At Aqueduct, at the 5th race, I’d like to place $2 to win on the No. 4 horse”. That’s how you put a wager at any path: Racetrack, Race, Dollar Amount, Bet Type.
Once your bet has been placed, the teller will give you a ticket, which will have your exact bet on it and, like a lottery ticket, you are able to exchange it for money later if your wager is”at the money”. Keep it safe in your fanny pack that is sweet. *