Just because you came in first in the loser’s bracket of your dream league does not mean you’re a veteran gambler, which is precisely why we’re here using an easy-to-follow guide on how just to earn money at the racetrack, whether you’re a beginner, a veteran, or just a really, really rich person who’s bored of hanging out on private islands.
Horse betting for beginners
As soon as you enter the Grandstand — the area where everybody hangs out and gambles — you will have to understand a couple of things to begin tapping that bankroll and creating a cent or two. Here’s a basic primer:
Since the dawn of time, the frequent increment has been $2. It’s true that you can bet a crisp $100 bill but we’d suggest beginning with a two-spot.
Should you bet the preferred (or even the”chalk”) every time, you’ll have approximately a 33% chance of winning. Not bad odds, right?
You’ll be betting in a parimutuel environment, meaning all bets of a particular kind (see bet types below) are put into a pool. Winnings come from the pool. So it’s unlike blackjack or poker, where you’re betting against the residence. Here, you are up against other horse players.
Normal or”directly” horse stakes come in three forms: Win – You’re gambling on the horse to cross the finish line first — i.e., to win the race. Place – You are gambling to enter either first or second. Show – You are betting on a horse to come in third, second, or first . NOTE: The two bet types are the easiest way to become acquainted with playing the races. We would suggest before dropping dough, making a few of these.
Horse betting is all about the odds. You double your money to $ 6 Should you bet $ 2 on a horse to Win with 2-1 odds. To put it differently, multiply $2 x 2/1 + your wager that is first that is $2. Third-grade mathematics skills go a long way in adult life.
At a window, beginners should put bets at the track. There is a level of relaxation you reach standing face-to-face using a individual and reading your wager to them — rather than using a digital gambling machine or ADW (which we will encounter later).
A sequence is followed by horse betting. Let’s say it is the 5th race and you would like to wager on horse No. 4: strategy the betting window and announce to the teller,”In Aqueduct, in the 5th race, I’d love to place $2 to win the No. 4 horse”. That’s the way you put a bet at any given track: Racetrack, Race, Dollar Amount, Bet Sort.
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 can exchange it for money later if your wager is”at the money”. Keep it safe on your fanny pack. *