If you want to enjoy the stylized and unvarying race ritual, then you must do horse betting. And If you ever are attracted to the adrenaline rush of living things that are forced to compete with each other for entertainment, then you are just at the right place.
Ways of betting
In horse betting, there are three ways of betting, which you need to know before you do betting. It is won, place, or show bet. In this type of betting, the higher you take the risk, the higher the reward you will enjoy.
In win bet, the horse you need to choose a single horse and that horse must cross the finish line first, which you will choose in order to win the race.
In place bet, the horse which you will choose should cross the finish either first or second. Here it is not mandatory for the horse to cross the finish line first in order to win the race.
In the show bet, the horse which you will choose has to cross the finish line either first or second or third in order to win the race. It is not mandatory for the horse to cross the finish line first to win the race. And as the horse finishes its race on the first second or third, we say horse makes money.
Payout of betting
Now, as we know the ways of horse betting, the payout also has three criteria. The payout for win bet is highest among all the bet. The payout for a place bet is medium, and for the show bet, it is the lowest among all the bet. It is because of the basic rule of betting that is, the higher the risk you bear, the higher the reward you will pay.
In win bet, the risk is higher as your horse needs to finish the race first, that’s why the reward is also higher. With the place bet you have medium risk as your horse can finish the race first or second, whichever it will be, you will get the reward. And finally, in the show bet the risk is lowest among all as your horse needs to finish the race either on first or second or third, whichever it will be you will get the reward.
It is now clear for you that in horse betting if you do proper research on your horse and follow the steps then you will never go back empty hand. And most importantly, the higher the amount of risk, the higher the amount of reward.