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In North American racing, the three most common ways to bet money are to win, to place, and to show. 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 ...
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 ...
How this is handled varies according to the rules of the racing jurisdiction. In most cases, the track substitutes the horse that is the post time betting favorite (in the "win" betting pools); if the bettor's original horse is a late scratch and the post time favorite wins, then the bettor is considered to have picked the winner for that race.
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.
Oscar's Grind is a betting strategy used by gamblers on wagers where the outcome is evenly distributed between two results of equal value (like flipping a coin). It is an archetypal positive progression strategy.
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 ...
Ranogajec, according to insider accounts, [7] deployed, for his betting activities on horse races, a strategy combined of specific factors: identifying betting opportunities with as high liquidity as possible, meaning betting pools with significant money being bet by the regular gambling public; deploying a "highly sophisticated betting system ...
The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake.