Horse Odds Racing

Against All “Horse Racing” Odds

Horse racing is a sport that is gaining wide popularity in all of the four corners of the world. It is also considered to be one of the most popular wagering games ever made. Usually, the horses that are used in the race are the so-called thoroughbred horses. This sport is characterized as a race where two or more horses ridden by jockeys compete on who’s going to be on the first place in the race track. The people who watch the contest lay a wager on which horse will finish first. The betting maybe in the form of betting for the first, second or third place. In the horse race term this pertains to laying a bet on to win, to place and to show.

Now horse race is not easy to understand if you’re not familiar with the terms used in this exciting sport. What you will usually hear in this wagering game is the term “horse racing odds.” What do horse racing odds mean? Is it something of high importance?

Horse racing odds specifically refer to the probability that is displayed on a tote board. The tote board is a huge board where you can see the odds based on how much money you will receive in relation to the amount that you will gamble.

How are these odds determined? The odds of horse racing are determined by deducting the amount of bet and its percentage in the total amount of money that was bet on the horses less a portion of the tracks take which is estimated to be between 10-20 percent of the sum total.

Now if you have some difficulty in reading a tote board, you can follow this simple procedure in computing for the odds on a horse. To have an accurate calculation, you need to draw on some of the other figures in the tote board. This refers to the overall amount of the win pool and the sum of money bet on that horse. You must understand that the total pool is the money bet on all the horses in the first. It does not pertain to the amount that will be pay up the ones holding the winning tickets. The take that is from the winning ticket holder is deducted between 14-20 percent. This may vary depending on the state where you are in. All those money that is derived from the “take” goes to the local taxes, the horsemen, track expenses and the horse racing earnings. The payoffs employ the actual figures which are usually reduced to the nearest dime. This may vary depending on the rules that were talked about at the race track.

If you still don’t get the picture of what odds for horse racing are all about, you can check out the Internet for some resources. An array of resources about horse racing is found in the World Wide Web. It is important to find the right online resource that will give you the detailed information on odds for horse racing along with some horse racing tips and strategies.

Choose the online resource that will best meet your requirements. Consider some of the most important elements you need to know such as the basics of horse race betting – how the whole wagering games goes and how you will pick the winning horse in the race track.


   







                                                                                                           

 

More Articles

 

 

Search This Site

 

Related Products And FREE Videos






More Articles


Horse Program Racing

... here are some tips on betting in horse racing. First of all, ignore those with the jockeys silk and have nice colors or any design and don't try and pick a cool sounding name. It doesn't give any chance of winning the race. Look at the jockey who's riding the horse and the trainer of the horse. Make sure ... 

Read Full Article  


Horse Racing Software

... There are certain types of horse racing software which simulate different aspects of the sport. Through this type of horse racing software, you can live the life of a jockey, an owner or a trainer. This will give you an insight into the sports side of horse racing. Some types of horse racing software ... 

Read Full Article  


Game Horse Racing

... third spot. Chances are, it will be able to attain the first spot once all factors are considered and the full potential is practiced. 4. By looking at the distance of the racetrack. If the racetrack is short, then it is possible that the full form of your horse will not show. But if the distance is longer, ... 

Read Full Article  


Espn Horse Racing

... have time to go out to the track and watch the race. Some just go to the track to bet and wait for the results to be announced later. Through the ESPN horse racing index, you can know if you should go down to the track to collect your cash or if you should just stay at home and try to forget that you ... 

Read Full Article  


Horse Racing Video

... techniques. Through this, they can find a way to neutralize their opponents techniques and keep the advantage. 2) Entertainment of course, there are people who just experience a thrill when they watch horse racing videos. They watch horse racing videos in order to see just how far a man and animal could ... 

Read Full Article