Horse Racing 101 - A Beginners Guide to Online Betting When it comes to learning about Horse Racing and in particular betting on Horse Racing online, we at HorseRacing.net have you covered with a series of sections and pages that will help you learn all about the sport and gambling on it in the USA. Here are a few horse betting tips that will help win more money. Bet on a Beaten Favorite. If a favorite had lost a race and is racing again, bet on that horse. Even the best horses get beaten every so often, so the odds say that they will make a comeback at some point unless the loss was due to injury. Bet Against the Horse. Instead of picking.

Betting 101 - Get Informed Get Informed. Is it worth it to become an informed bettor? You can also purchase additional past performance information on every horse through Equibase and TrackMaster. Refer to the tabs above to learn how to place a bet, betting terms and what they mean, which types of bets can be placed, and how to.

How Do Odds Work in Horse Racing?

Horse racing odds are fluid leading up to the race because they are dictated by the amount of money in the pools. Prior to every race day, a track official will release the morning lines. Those morning lines are a projection of where the odds for each horse will finish when the race goes off, and do not have any direct impact on potential payouts. Using those morning lines as a starting point, as more money comes in on certain horses, their odds will go down. Horses that aren't attracting a lot of money in the win pool will have their odds go up. Those odds will remain fluid all the way up until the moment the gates open and the race begins.

Horse Racing Bets Explained

The most important thing to note is that the odds/payout you will receive are based on when the race starts, not when you place the bet. If you bet on a horse at 5-to-1 three minutes before the race and he goes off at 3-to-1, you're going to get paid based on those 3-to-1 odds. Conversely, if you bet on a horse at 5-to-1 and he goes off at 8-to-1, you're looking at a nice increased payout.