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What is a Parlay? Why Bet Parlays? How to Bet Parlays 1. Click anywhere on the image to see larger. How many legs are in a Parlay? Each Parlay can be as few as two races and as many as six. Can I alternate between different bet types in my parlay?
Can I use multiple horses in a leg of my parlay? Yes, you can use multiple horses in one or more legs of your parlay. Parlays are currently only available at Santa Anita and Del Mar, with more tracks to come. A parlay basically is making a bet and, if you win, reinvesting the money into another similar bet.
Most horse racing parlays involve the win, place and show pools. The show parlay is the most popular because a show bet is the easiest bet to win at the racetrack. The group parlays that I have organized start with an initial investment that each person puts into the pot.
Each person, in order, gets a race to pick one horse to use. You can interject as much or as little teaching as you want, but the most important thing is to keep it fun. If the parlay lives, the math is pretty simple race by race. Just think in terms of compound interest in banking. You get the drift. Here are a couple of handicapping tips, without getting too cerebral. If you can find a logical entry, meaning you get two horses for the price of one, those are solid plays in a show parlay.
The reason being is you need just one of the two horses to run a good race. And if both horses can finish in the money, the show price could end up being pretty generous. The chances of finishing out of the money and thus ending the parlay are high. The better strategy is steady as she goes. For two decades, he was the turf editor and handicapper for the Las Vegas Review-Journal. He still handicaps the Southern California tracks and his picks are for sale at www.
Betting on a Mild Upset in Withers Stakes. Get to Know All 13 U.
If you can find a logical entry, meaning you get two horses for the price of one, those are solid plays in a show parlay. The reason being is you need just one of the two horses to run a good race. And if both horses can finish in the money, the show price could end up being pretty generous. The chances of finishing out of the money and thus ending the parlay are high.
The better strategy is steady as she goes. For two decades, he was the turf editor and handicapper for the Las Vegas Review-Journal. He still handicaps the Southern California tracks and his picks are for sale at www. Betting on a Mild Upset in Withers Stakes. Get to Know All 13 U. Triple Crown Winners. Stay up-to-date with the best from America's Best Racing!
A group trip to the horse races in the springtime is the perfect opportunity to introduce potential fans to the sport. Eclipse Sportswire. A good way to give them a chance to participate is starting a simple show parlay. Related News. Davis Share. Triple Crown Winners Share. Related Stories. Wise Dan: Champion of a Lifetime Share.
These are published in either the program, racing form, or online at your sportsbook. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.
Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower.
Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed.
This fluctuation is called pari-mutuel wagering, or pool betting. With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse. Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables.
Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.
For easy math, we used round numbers. But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets.
At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races. Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.
Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.
One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs. Have fun at the race track, take a chance and hedge your bets! We hope this guide better explains horse racing odds and turns you into a confident bettor.
If you want to try and beat the horse racing odds, join our online betting platform and view live video of races! Want a better shot at walking away a winner? Then trust us and keep scrolling. Glad you asked! Changing Odds: Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.
Favorites: Each race has a favorite. Probability: Fractional odds can easily be translated to probability percentages. To see an example of this calculated, keep on scrolling! There are several types of pari-mutuel horse bets. A few of the most common are: Straight Bets Win Bets: Choosing the horse that crosses the finish line first. Place Bets: You are betting on a horse to finish second.
Show Bets: Placing bets on a horse to finish third. Exotic Bets Exacta: When you pick the first and second place horse in that order.
You get the drift. Here are a couple of handicapping tips, without getting too cerebral. If you can find a logical entry, meaning you get two horses for the price of one, those are solid plays in a show parlay. The reason being is you need just one of the two horses to run a good race. And if both horses can finish in the money, the show price could end up being pretty generous. The chances of finishing out of the money and thus ending the parlay are high.
The better strategy is steady as she goes. For two decades, he was the turf editor and handicapper for the Las Vegas Review-Journal. He still handicaps the Southern California tracks and his picks are for sale at www. Betting on a Mild Upset in Withers Stakes.
Get to Know All 13 U. Triple Crown Winners. Stay up-to-date with the best from America's Best Racing! A group trip to the horse races in the springtime is the perfect opportunity to introduce potential fans to the sport. Eclipse Sportswire. A good way to give them a chance to participate is starting a simple show parlay. Related News. Davis Share. Triple Crown Winners Share. A "round robin" attempts to catch all possible parlays occurring in any given multi-race series.
Needing lots of wins to bolster their egos and verify their handicapping skills, they parlay low priced figure horses. Most often their parlay approach isn't even planned - it's a craps shooter's mentality - "press it up. He feels really good about his "score" - decides to stop while he's way ahead and go home with his good profit. As put forth in the previous article, Horse Racing Gold advocates the portfolio method of horse betting and money management.
Basic Betting Philosophy. Basic Betting Approaches. Basic Parlay Betting. Progression Betting. Considering The Odds. Betting Place Parlays. The Secret To Betting Profits. Win Betting. Fixed Percentage Minimum Betting. Betting The Exacta. Lay Betting. Place and Show Betting. Horse Racing Betting. How does the race player get more money out of a specific series of wins and losses?
Of course - the horse bettor can simply raise his bet level every so often. This, like everything else related to a serious horse race betting approach, should be done methodically and systematically.
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