The history or horse racing spans back to 4500 BC where Asian tribesmen first domesticated horses, the ancient Olympic games included horse and chariot racing also. It was not until the 17th century that the rules of horseracing first started to be codified, in the Jockey Club, 1750 the handicapping system was first established. At the moment horse racing is the second most watched spectator sport generating over £3 billion for the British economy.
How Betting on Horse Racing Works
When it comes to horse racing betting sites there are a lot of options, each event will host multiple races and each race includes multiple horses. There are also different types of bets available from each-way to outright, it is important when betting on horse racing you know exactly what you are placing money on. The odds vary depending on the weight, age and from of the horse and rider.
Types of Bets You Can Place on Horse Racing
All sites will offer outright winner bets on horse racing, that is choosing which horse you think will finish first and often provides good odds. Another popular bet is the each-way bet, this will pay out so long as your horse finished in the top 2 or 3 depending on how many horses are taking part. Some horse racing betting sites will offer each way extra bets that let you choose if you think the horse will finish within the top however many, the closer to first you bet the greater the odds. Forecast and Tricast betting lets you choose if a horse will finish 1st, 2nd, 3rd, or any of the options. More available bets can be viewed from our affiliate sites.
Where to Bet on Horse Racing
All of the sports betting sites that we work with are legitimate sites with a huge range of horse racing and other sports for you to bet on. If you are new to sports betting sites and would like to learn more about the features available, we have reviews like this Bet365 one to read through. Other than that, we also show the competitive sign-up promotions that you can take advantage of now in our affiliate sites and the conditions of these deals.
Different Types of Races
There are different classifications of races that you should be wary of when placing a bet, Flat races are the most popular although there are also Group races, listed races, Handicaps and Hurdles. The Flat races are broken up by what is racing, be it colts, fillies or both and by the distance of the race . Group races are separated similarly by the gender of the horse and the age group it belongs to. Handicaps are decided by a horses form, if it competes well it will have to race in Group or Listed events, any rating above 110 and this is the case. Hurdle races include similar categorisations for Hunt Flat races, Novice hurdling, Hurdling, Novice chasing and Chasing.
Events and Festivals
Popular horse racing events in the UK include:
- Cheltenham festival.
- Aintree Grand National festival.
- Lingfield all weather Championships.
- Newmarket QIPCO Guineas festival.
- Royal Ascot.
We hope you have enjoyed this quick guide on how to bet on horse racing and hope it has given you some insight on how it works so you can start placing your first bets.