04.05.2024

Hey what's up everybody this is. parlaydoc representing oddsjam.com and. today's video is called betting on. horses for beginners explained in five. minutes so if you give me five minutes. even if you're total newbie to this you. will know the lingo and not be. intimidated on how to start betting on. the sport of kings so first of all you. have to understand the odds unlike. betting on sports which are fixed odds. for the most part in horse racing the. principle is based on perry mutual. wagering so you're not betting against. the sports book at fixed odds you are. betting against all of the other bettors. who are wagering that day okay. so all the money goes into a pool of. money and then it gets divvied up. amongst the winners okay so bottom line. to keep this simple the odds will. fluctuate the odds will change.

Right up until the point the gates open. for that race. so even if i bet a horse let's say early. in the morning when the odds opened up. and that horse's odds were ten to one. that's awesome i like that horse and. it's ten to one. but if people keep betting that horse. that specific one all day long and let's. say right when the the race starts the. odds might be two to one. i'm gonna get paid out at the odds that. it closed that when the gates open so. even if i bet it in the morning at ten. to one and the odds ended up at two to. one when the gates open i will get paid. out the two to one so the odds change. all day long up until the gates open you. have to pay attention to the odds right. before the race starts. now what are the types of wagers i can. make this is where new bettors get. intimidated but the lingo is just part.

Of the issue and once you understand it. it's easy so within one race these are. the intro race wagers you can make the. simplest ones are win place show win. means you got to pick the winner the. horse has to come in first for you to. win the wager easy. place your horse can come in first or. second place it doesn't matter which one. the payout will be the same okay so. you're buying yourself a cushion. basically. show means your horse can come in first. second or third and again it doesn't. matter which of the three the payout is. the same you're buying yourself extra. cushion. now placed in show bets do not pay out. as well as win bets so you have to. realize that but that's win place show. now within a single race you can also. bet what are called exotics exotic. combinations so you are trying to pick. the exact order that the horses will.

Finish and exacta you have to pick. first and second place horses in order. trifecta first second third in exact. order super effective first second third. fourth and a super high five the top. five in exact order now if you're like. look i don't want to manually create. every combination that's annoying you. can do what's called a box so let's say. i like these three horses i want to bet. an exacta i just know i like these three. i don't care what order they finish in. you would place an exacta box and by. clicking that and clicking in exact the. box you don't have to manually create. every combo the app will bet every combo. for you at whatever price you want to. wager at okay so that's what a box is. you can do an xacto box trifecta box so. on so forth now finally let's talk about. multirace wagers to keep it simple.

You're trying to pick the winners of. multiple races in a row and parlay the. winners so a daily double you have to. pick the winners of two races in a row a. pick three you have to pick the winner. of three races in a row then there's a. pick four pick five pick six that's all. it is that's what it means you're. picking the winners of multiple races in. a row and again you can bet multiple. combinations right the key is you want. to try to get some long shots to win in. these sequences and obviously the more. long shots that win and that you pick. correctly the bigger the payouts you. could theoretically bet 50 cents on a. pick five combination and win thousands. of dollars if a few long shots win so. that's the exciting part about horse. racing and that's the heartbreaking part. when you barely miss but look this is a.

basic tutorial of the basic same race. wagers and multirace wagers and how the. odds work now you can get started that's. how simple this is okay now if you like. this like comment subscribe let me know. if you want to see more of these horse. racing videos in more detail good luck. on getting started guys