How to Bet on Horse Racing
Horse racing is intrinsically linked to the world of gambling. All over the globe, whenever a horse race is being organized, you can be sure that many gamblers are also placing bets at the very same time, trying to pick which horse will win the race or which others might finish in the top three. Some of them can be immensely successful and there are many stories of talented horse race gamblers winning huge sums of money by smartly predicting multiple race winners all on the same day.
Clearly, online horse racing betting has a lot to offer, but if you’re just getting started with betting on horses, you might feel a little overwhelmed by all the terms and phrases being thrown around. So, let’s break it all down and take a look at how horse races work and how to bet on horse racing. We’ll start with one of the simplest terms of all: SP.
You’ll see these two letters appearing very often in the horse race betting world. They stand for the starting price. The SP of a horse is basically its odds at the start of a race once the betting has been suspended and no more bets are being taken. Odds can move up and down a lot in horse racing as bets are placed. The horse’s form, track conditions, and other factors can also cause the odds to shift around a lot.
Many gamblers choose to bet on the SP, as this means they won’t run the risk of losing out if the odds start to move against them. Most of the best online betting sites give you the best odds anyway, so you don’t have to worry too much about whether or not to bet on the SP. Be sure to look out for the ‘best odds guaranteed’ when browsing the best betting sites and placing your horse racing bets.
There are also ‘tote odds’ which are not fixed but change depending on how many people bet and how much money they bet on a single horse. The big advantage of tote betting is the possibility of getting way better odds than normal, especially on multiples, giving the gambler a chance of winning enormous sums of money each time. You can place a tote bet for as little as £1 and potentially win thousands if you get lucky and choose the right horses each time.