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Horse
Racing Gambling Basics
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Jockey
Index.
The jockey index works in the same way as the favorites index with the
spread betting company quoting a spread for a jockey. You then need to
decide whether or not you think that the jockey will have a better day
then expected or not.
Winning Distances.
The winning distance index is slightly different, but only in the way
that the points are counted. Points are awarded as follows:
Short Head = 0.1 of a length
Head = 0.2 of a length
Neck = 0.3 of a length
Half a length = 0.5 of a length
3/4 of a length = 0.75 of a length
For all distances of a length and over one point per length is awarded.
In this market whole points are divided into tenths. If you 'go high'
(buy) with £10 a point then it will be £1 a tenth.
At the end of the meeting all winning distances are accumulated and compared
against the index.
As you can see, spread betting is very different to standard betting and
offers a variety of different bets. If you haven't tried spread betting
before then you need to proceed with caution. Unlike standard betting
you don't know how much you are going to lose when you place the bet and
you could be in for an unpleasant surprise later.
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Tote Betting
A different type of betting is Tote betting. All of the bets placed on
a race are pooled, a deduction is made to cover costs and the Tote's contribution
to racing. A winning dividend is then calculated by dividing the remainder
of the pool by the number of winning units. The dividend declared inclusive
of a £1 stake. In other words, pool customers bet against each other,
whereas with Standard Betting they bet against the bookmaker. This means
that you don't know the odds that you will get when you place the bet.
The odds can change all the way up to the start of the race.
Matched Betting
Another new type of betting that has sprung up since the start of Internet
betting is Matched Betting. It is basically standard betting, but without
the bookmaker. The difference here is that anybody can offer odds on a
race, not just a bookmaker. This means that you can visit a matched betting
site and either bet in the standard way or offer odds yourself that someone
else can choose to bet on.
Often a selection of odds is available and you can therefore select the
best odds. If there are No odds that you like the look of you can place
an order detailing the odds that you are prepared to back at. Obviously
if you ask for odds of 10/1 about an even money shot then you are unlikely
to get any takers, but you may well find that you can get slightly more
generous odds through placing an order.
Another advantage of checking the match odds sites are that when bookies
are offering S.P. only on a race you may be able to find the odds that
you want on a matched betting site.
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