How to bet on a horse race?
London, March 2: While sports betting in India is banned under the Public Gambling Act of 1867, horse racing is the only sport on which you can legally bet in India, thanks to a 1996 law, which classified horse race betting as a 'game of skill' rather than a 'game of chance'.
Since then the popularity of horse race betting has exploded in India. Today there are 9 horse racing tracks in the country, where races are held, and punters can legally place wagers.
Now, with the increased popularity of online sports betting, online betting on horse racing has become quite prevalent too.
In addition to placing wagers on Indian races, sports betting sites allow players to place bets on races held in countries like the UK, Ireland, Scotland, North America, Australia, and New Zealand.
Some websites also allow betting on virtual horse races. Websites like betindia.in are a great place to find the best sites for online horse race betting.
Types of bets that you can place on horse races
There are many different types of markets on which you can place wagers. Some of the basic markets include
Win
As the name suggests, in this type of bet, the horse that you bet on requires your pick to finish in the first place in order for you to win the bet. The odds for this are often quite long, and punters can expect to win once in about 3 to 5 races that they bet on, but the winnings are equally rewarding.
Place
You can win the Place bet if the horse that you bet on finishes either first or second. The winnings are comparatively smaller than the Win bet but is easier to win.
Show
This is the easiest bet to place, and also the least rewarding. Your horse has to finish in the top three for you to win the bet. However, a show bet is great to place wagers on an underdog, because if it finishes in the top 3, you stand to pocket a handsome gain.
The above bets give unequivocal returns, and you will receive the same pay-out whether your selection finishes first or second in place bet, or in any of the top 3 positions in the show bet.
Across the board bets
This variation is often used by punters to increase their winnings. Although the bet is similar to the 'Show' bet, the winnings are dependant on the position of your selection, with a first-place giving maximum winnings, and a third-place finish giving lower returns.
Ante-Post betting
This is one of the riskiest, yet one of the most rewarding bets in horse racing. The markets for this are typically open until the day before the race is held. The odds offered are much more favorable to the punters than on the race day. However, if your selection fails to run the race, you will end up losing your stake rather than it being returned.
In running betting
Online betting has opened a host of opportunities with in-running betting. Punters can place bets in real-time as soon as the race starts. It is a great opportunity for players who can spot an underdog making a strong comeback. This type of betting is often known to give huge returns.
Best horse race betting sites in India
Some of the best sites to bet on horse racing from India include betway, bet365, and 888sport. All these websites allow bets on a huge number of horse racing tournaments, and betting markets. One can also watch the live stream of races on some of these websites.
Conclusion
The types of bets mentioned here are just the tip of an iceberg. One can easily visit some of the sites mentioned above to find what each site has to offer. You can also create accounts on multiple sites to find the best races and odds to suit your needs. (TINN/2 days ago) https://www.newkerala.com/business-world-news.php