Centrebet Racing

A little more for those new to racing

For those new to horse racing, this is a follow-up to a previous blog where some more basics are revealed about the next favourite sport you may be considering. There is a lot to learn about horse racing, which has a long history – the sport dates back more than 300 years in England and began in Australia in the 1800s. The first documented race in Melbourne took place in 1838 on a course along what is now Southern Cross Railway station.

More of that?

Here is some more trivia about horses: They generally weigh anything from 480 to 550 kilograms when race fit. A thoroughbred’s legs are finer in structure than other equine breeds. This is partly due to their speedy nature and breeding methods over time so it is very important that their legs are kept in good shape to cope with the weight during the motion in running. At a full gallop, a thoroughbred can reach speeds of around 60 kilometers per hour.

There are a number of different pieces of “equipment” horses can use on race days, often referred to as “gear”. These accessories are designed to improve a horse’s performance, however most horses do not need additional gear to be at their best on race days.

Betting types

Betting on Horse Races and Mathematics

If you prefer the activity of betting above owning or riding a horse, there is a lot to know about betting. To start with, there are different bet types. The simplest type is “Win”, where you just pick the horse that you think will finish first. In a “Place” bet you increase your chances with a horse that finishes in first, second or third place. These two betting types can be combined into an “Each Way” bet.

A “Quinella” bet requires you to correctly select the two runners that will finish first and second in a race, in any order. An “Exacta” bet requires you to correctly select the two runners that finish first and second in a race, but in the exact order.

The “Duet” requires you to correctly select two of the first three place winners, in any order. A “Trifecta” bet requires you to select the runners that will finish first, second and third in a race. Moving on to the first four places, we get the “The First 4” bet, which requires you to select the four winners in a race, in the correct finishing order.

There are betting options for multiple races as well, where you bet on more than one race. A “Daily Double” applies to two nominated races at the same race meeting, while a “Running Double” applies to any two consecutive races at the same race meeting. A “Quaddie” applies to four nominated races, and a “BIG6” requires you to pick six winners from six nominated races.

Another betting term you will hear is “Parlay Formula”, which is a bet that involves parlaying your winnings from one race into one or more other races. To parlay means to create a single bet that links together two or more individual bets and is dependent on all of those bets winning together.

“Parimutuel” betting means you are betting into a pool with everyone else who is betting on the same bet type as you. The odds displayed for each selection prior to the race are approximate dividends and may change. When the race is over, the pool is divided among the winners. If many people have chosen the winner, the pool is divided among more people. However, if a long shot wins, you will receive a higher dividend because the same pool is divided among fewer people.

”Fixed Odds” bets mean that the odds are fixed at the price displayed when you place your bet.

Having got these betting terms under the belt should help you on your way to becoming a seasoned (or is it salted?) bettor. In the next post, we will look at where you can place your bets and the process it involves.



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