There’s no doubt that they’ve created a new era in the betting world. Betting on horse racing via betting exchanges has revolutionized the way that we can place a bet now, but are they everything that we think they are?
You’ve most probably heard about them and you may have even seen them, but why has there been such a buzz about betting on horses using betting exchanges, rather than the traditional bookie?
In this article, I will explain the basics of what a betting exchange is, and why I think that using them gives you a better chance of increasing your horse racing profits.
What Exactly Is A Betting Exchange?
A betting exchange is essentially a betting arena if you like (Betfair being the most popular at this point in time), that enables individual punters that have opposing views about, for example, a particular race, to bet against each other.
This is very different to how it works with a traditional bookie, where everyone is betting on horses with the aim to beat the bookie himself. Betting exchanges are different, and in a sense they have cut out the traditional bookmaker altogether.
All bets placed on horses via betting exchanges, fall into two categories generally; some bets are placed by users who may want to bet in the more traditional way – by backing a horse to win the race. So in this type of bet, you select a horse that you think can win its race, and you place a bet on it to win.
Other punters however, may think a horse will not win its given race and prefer to offer odds to other punters. This is known as laying, and I will explain how this works in a little more detail now.
The Difference Between Backing and Laying
Backing a horse to win works in essentially the same way, whether you are using a betting exchange or a conventional bookmaker. So as I’ve just mentioned, you are betting that the horse will win the race and if it does, then you win your bet.
However, if you feel that a certain horse can not possibly win its race, then you can place what is known as a ‘lay’ bet on the horse in question.
What this simply means is that you are betting against the horse winning its race, and you are also hoping that there are punters out there that disagree with you, and so they will back it to win.
Its this type of scenario that has enabled betting exchanges to take betting on horse racing, as well as other events too, to a different level.
Look At This In More Detail
Here’s an example – You may well be betting on horses and feel that a particular horse, lets call it ‘Three Legged Donkey’, cannot possibly win its race.
What you are doing by placing a lay bet is essentially offering odds to other punters who may wish to back the horse, as they think that it will win.
So you think the horse will lose, but they think the horse will win.
In the event that ‘Three Legged Donkey’ doesn’t win its race, you pick up their (the backer’s) stake and so your bet is successful. However, if the horse does somehow win the race, then you must pay out to them.
How much you win or how much you have to pay out in the event of a loss is determined by how much you’ve bet and what the odds are, much the same as in conventional betting.
This is discussed in more detail in a subsequent article, but I hope that this gives you an idea of what betting exchanges are, what they offer and why if you’re someone who likes betting on horse racing, you really need to have an account.
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Help answer the question about horse racing
Is dog racing and horse racing inhumane?I am a fan of both events but I do realize that it is quite unnatural for dogs and horses to be in that type of environment and racing for humans. I have also seen pictures of gruesome cases of mistreatment of dogs at the track.
About Author
Cliff Thurston is the owner of Grosvenor Racing Club, a successful horse racing tipster service. For more information and free horse racing tips for 21 days, please visit: http://www.grosvenor-racing-club.co.uk
You’re really good man. You’ve got excellent talent.
Nice work, you did pretty good.
As I always say, there's a village missing it's idiot somewhere and they can usually find them trolling on here. They think that if they repeatedly ask the same question and rave their PETA misinformation, that someone might actually end up agreeing with them. Let's hope not!
Most owners actually don't make money racing.
Only about 70% of all Thoroughbreds ever get to the races, and only about 55% of all Thoroughbreds ever win a race. It costs about $25,000, give or take a few thousand, to keep a horse in training for a year; more for the major racing centers like New York or Southern California, less for tracks away from the major population centers. roughly 10-15% of all Thoroughbreds earn enough money during the course of a year to cover their training expenses.
Some owners can recover the residual value of their horse at the end of its racing career by selling, but most racehorses– particular male racehorses– have residual value that is low or even zero at the end of their racing careers.
Basically, most people who are in racing are in it for the excitement, the fun, the competition; and the hope that maybe they'll be the one to strike it rich with a horse like Mine That Bird– or one of his relatives. It's the hope of getting that one special horse, plus the love of racing in general, that keeps people going.
You need to go to a reputable trainer and tell him you're interested in buying a horse. Tell him how much you've got to spend and he'll do the rest. He might have a horse in his yard that's already for sale or he might go out and buy one for you.
Don't go buying horses over the internet!
The flat trainer Richard Hannon has had some good successes with cheaply bought horses in the past. He trains in Wiltshire.
http://richardhannonracing.tv/
Don't forget you'll have to contribute towards the horse's training expenses every week so the more people involved the cheaper it will be.
woww that’s really relax and beatiful soung .good picture of jhony depp !
hm i couldn’t tell the difference between photograph and painting comparing the final resault.
This is sick
You can go to the site for the Daily Racing Form at it should answer your questions also at any track the program will have instructions inside the cover explaining how to read the form and also how to make all wagers including the exotics.
Hi,
A jockey has a very dangerous job, but a very important one. He must guide the horse in the correct way as to know how his horse runs, and performs during a race. It is his responsibility to get his horse in the correct position, and know how to guide him through traffic going at very high speeds while the rest of the field is fighting to do the same. Jockey error has played a huge roll in injuries to other jockey's and horses. The horse does the running, but it is up to the jockey to know how fast the horse runs, and when to ask the horse for his best without compromising. So the roll of a jockey is very important. Without a jockey it would be like racing a car with no driver. Hope this explains it to you.
http://www.xpressbet.com
You have to sign up, but it's completely free. There's no fees for watching or betting. And they have like 60 tracks you can watch. It's a great service.
Several tracks have their own broadcasts on their website, but xpressbet is great because you can get all the tracks in one place and place a bet if you'd like.
Its people like you, that pissin' an moanin', that ruin the world…………………..
:O
:O
:O
how is this not a real photo?
Very nice!!
Perfect.
Brilliant Willy, Just Brilliant =D
I think this gives a good explanation of the definition of the various track conditions:
http://www.ultimatecapper.com/track-conditions.htm
That said, it's important to note that because there is no standard for track composition in terms of sand, silt, clay, loam, organic matter, and every track is different, each track plays differently. To cite one example, the track at Aqueduct has a high sand content because the dates run at Aqueduct are typically the wettest times of the year. So the track superintendent finds it beneficial to have a lot of sand in the track to assure fast drainage. The result is that when there has been a lot of rain, the main track at Aqueduct can be like a wet beach– it packs down and gets harder. You may get faster times on such a track than when the surface is rated "fast".
Churchill Downs historically has had a high clay content in the track surface, with the result that the track can be very cuppy at best of times ("cuppy" means that when a horse strides on it, the hoofprint forms a "cup" on the surface of the track; it has depth, and it holds its shape rather than immediately crumbling) and can be really sticky and tiring when it gets wet.
A lot depends, too, on how the track superintendent deals with rainfall. At Santa Anita and Hollywood Park in the pre-synthetic days, the superintendents had enough time in most cases to get out the heavy roller equipment and "seal" the track before rain came. Basically when they seal the track, they're rolling and compacting the surface so that instead of water penetrating and making the track muddy down deep, the water just runs off the surface and drains away. Of course, the problem with this is that even when they opened the track surface in preparation for the day's racing, there was some compaction and the track would tend to get harder. During some of our rare wet winters, the track superintendent would sometimes have to close the track to exercise in order to do deep harrowing and conditioning of the subsurface and base after the track had been repeatedly sealed.
With synthetic surfaces, I think everyone, including the people who manufacture and install them, is still on a learning curve of what has to be done to keep the track consistant and safe in all kinds of weather.
From a handicapping standpoint, the important thing to remember is that each track is unique, and that you have to become familiar with what the weather conditions do to the the individual track surface.
i don't like the gambling, the horse race is alright, mainly only good in the Kentucky Derby when you are really rooting for a horse to get the triple crown
amazing! Willy teach me how to paint like you!