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A bet to win, sometimes called a "straight" bet, means staking money on the horse, and if it comes in first place, the bet is a winner. In a bet to place, you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third. Since it is much easier to select a horse to finish first ...
Some horse racing betting systems can be based on pure statistical analysis of the odds, while others also analyze physical factors (e.g. the horses' form, jockey form and lane draw). Common forms of betting systems for horse racing are: hedging - betting on multiple outcomes in a race; arbitrage - lay the horse a low price and back it at a ...
In horse racing and greyhound racing, the starting price (SP) is the odds prevailing on a particular entry in the on-course fixed-odds betting market at the time a race begins. The method by which SPs are set for each runner varies in different countries but is generally by consensus of an appointed panel on the basis of their observations of ...
A tip in gambling is a bet suggested by a third party who is perceived to be more knowledgeable about that subject than the bookmaker who sets the initial odds. (A bookmaker will vary his odds according to the amount of money wagered, but has to start with a blank book and himself set an initial price to encourage betting.)
A £10 each-way single on a 10-1 selection in a horse race and paying 1 ⁄ 4 the odds a place 1, 2, or 3 would cost £20. Returns on the win part of the bet would be £10 × (10/1 × 1) + stake = £110 (£100 winnings + £10 stake) Returns on the place part of the bet would be £10 × (10/4 × 1) + stake = £35 (£25 winnings + £10 stake)
Historical horse racing machines at The Rose Gaming Resort in Virginia. Historical horse racing (HHR), originally known as Instant Racing, is an electronic gambling product that allows players to bet on replays of horse races or dog races that have already been run, using terminals that typically resemble slot machines. [1] [2]
Here the bettor picks a horse and bets it will win, and makes an additional bet that it will show, so that theoretically if the horse runs third it will at least pay back the two bets. The Canadian and American equivalent is the bet across (short for across the board): the bettor bets equal sums on the horse to win, place, and show.
William Benter (born 1957) is an American professional gambler and philanthropist who focuses on horse betting.Benter earned nearly $1 billion through the development of one of the most successful analysis computer software programs in the horse racing market and is considered to be the most successful gambler of all time.