Betting Software (BSO)
Professional Bettor
- Joined
- Feb 15, 2022
- Messages
- 108
- Reaction score
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- Points
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Bettingsoftware.com is certainly the best betting software on the market for sports betting, but if you want to diversify your betting repertoire a bit, a good choice might be horse racing!
Also called Turf, it is one of the riskiest sports for bettors.
And when there are risks, the gains can be very high!
So here are some tips on how to enter this market:
How Horseracing Betting Works
Horse racing is easy to understand. First there are the jockeys:
the athletes who ride the animals and lead them around the track. That's the basics!
Each Turf race is called a Pace. So you will always bet on which jockey/horse will win the race.
So far so easy, right? Ok.
To complicate things a bit we have to pay attention to the type of track. Basically they are:
Apartment: track usually spring or summer, without obstacles. It can be straight or round;
Jumping: fall or winter track, with obstacles, which is divided into:
Hurdles: uniform obstacles;
Steeplechase: a mix between conventional jumps, over barriers, and jumps over water.
Knowing the type of track of the race makes it easier to find out which duo can be the best at the event.
Horse Betting: Fixed Odds Fixed Odds Variable Odds
Horse racing is a very peculiar sport. And this also translates into the betting odds.
You first need to define what kind of horse bettor you want to be: one that focuses on online betting or one that goes physical.
Why is this important? Because the odds of a physical bet will usually be different from those presented by the betting sites.
Let's understand how this works in practice.
Fixed Odds
The fixed odds are those that we find in the online sportsbooks.
The bookmaker relies on the timing of each pair, the statistics, and previous Pace.
The betting procedure in this case is the same as in Tennis, Basketball or Soccer betting.
The lower the odd, the higher the probability that the pair will win the race.
Variable Odds
Variable odds are common for bets placed physically. That is: when bettors are at the racetrack or the Jockey Club.
To give you a good understanding of how variable odds work, let's schematize a fictitious race track:
There are 3 horses;
In total R$10,000.00 was bet on these horses;
Each horse received an amount "x" in his name:
Horse A: R$ 5,000.00;
Horse B: $ 3,500.00;
Horse C: $1,500.00.
How do you get the odds now? Simple! We divide the total amount by the amount bet on each horse. Here it is!
Horse A
$ 10,000.00 / $ 5,000.00 = odds of 2.00
Horse B
10.000,00 / $ 3.500,00 = odds of 2,85
Horse C
10.000,00 / $ 1.500,00 = odds of 6,66
These odds are called Morning Line odds. They are determined on the morning of the race and can change after the bets are opened.
This is where the importance of the Morning Line lies. It gives you an idea of which horses are favored and which are not in the next race.
The Morning Line is most common in English-speaking countries.
Main Markets in Horse Racing Betting
Don't expect to find dozens or hundreds of markets in horse racing betting. This is a fast-moving sport with some variation during the race.
Another key point in the construction of betting markets is that the sport is basically individual. It is the jockey/horse duo and nothing else!
Of course, behind the 2 there are trainers and a whole team. These individuals, however, do not interfere during the race....
Even with few markets, betting on the Shovels can be quite profitable. You just need to learn how to use the betting markets to your advantage.
1. Victory
The simplest market to understand and, logically, the simplest to bet on. All you have to do is determine which pair will win the race.
This kind of information is interesting to bet with quality in this market.
First, because it allows us to evaluate which pairs are maintaining a consistency in the odds. Either for bad or good.
In addition, it helps us to more easily identify value bets. Especially if you are going for live betting!
2. Place
Place is a bet with lower odds in relation to the Victory market. Here you determine that a pair will come in either 1st or 2nd.
The chances of your guess winning are, of course, greater. Victory does not matter. What matters is to be in the top 2.
3. Show
The Show is "safer" than the Victory market. Your horse needs to be in the top 3 for your bet to win.
This market is only valuable if you find better odds than the Victory market.
But what do you mean by better odds?
Let's say Fox Power had an odds on the Victory market of 1.85. Librisa Breeze, on the other hand, had an odds of 5.40.
In the above case obviously the horse with the best chance of winning the race is Fox Power.
At the same time, you notice that betting on the Show on Librisa Breeze, we have an odds of 2.37.
This is an advantage, because by betting on Show on Breeze, he can make it to the top 3 for your bet to come out a winner.
And the best part? With superior odds to the Fox Power on the Victory market!
4. Across The Board
This is the most complex market in horse racing. It is as if you bet at the same time on
Victory
Place
Show
In other words, when you bet $10 on Across The Board, you are actually betting $30. After all, there are 3 bets at the same time.
Just so you understand: you're betting on horse A, right? In the Across The Board market we could have 3 situations:
He gets 1st: in this case you won the Victory, the Place and the Show;
He comes in 2nd: here you win the bets placed on Place and Show;
He comes in 3rd: only the Show is won.
Across The Board is similar to a system bet. That is: your profit will depend on the circumstance of the results.
If you win all three bets (Win, Place, and Show), your return will be high. But if you win only the Show, you may have some loss, but not total loss.
5. Exotic Bets
Exotic bets are those in which you bet on more than one horse at the same time.
Of course, this type of bet requires a slightly higher financial investment. But it can be worth it, since the winnings can also be high.
See below for 4 types of exotic horse bets:
Exacta Predict the 2 horses that come 1st and 2nd (exactly in that order)
Quinella Match the 2 horses that come 1st and 2nd (no matter the order between them)
Trifecta Match the 3 horses that place 1st, 2nd, and 3rd (in exact order)
Superfecta Pick the 4 horses that place 1st, 2nd, 3rd, and 4th (in exact order)
We hope you liked this shortie, and bettingsoftware.com will be back soon with more about the world of sports and sports betting!
Also called Turf, it is one of the riskiest sports for bettors.
And when there are risks, the gains can be very high!
So here are some tips on how to enter this market:
How Horseracing Betting Works
Horse racing is easy to understand. First there are the jockeys:
the athletes who ride the animals and lead them around the track. That's the basics!
Each Turf race is called a Pace. So you will always bet on which jockey/horse will win the race.
So far so easy, right? Ok.
To complicate things a bit we have to pay attention to the type of track. Basically they are:
Apartment: track usually spring or summer, without obstacles. It can be straight or round;
Jumping: fall or winter track, with obstacles, which is divided into:
Hurdles: uniform obstacles;
Steeplechase: a mix between conventional jumps, over barriers, and jumps over water.
Knowing the type of track of the race makes it easier to find out which duo can be the best at the event.
Horse Betting: Fixed Odds Fixed Odds Variable Odds
Horse racing is a very peculiar sport. And this also translates into the betting odds.
You first need to define what kind of horse bettor you want to be: one that focuses on online betting or one that goes physical.
Why is this important? Because the odds of a physical bet will usually be different from those presented by the betting sites.
Let's understand how this works in practice.
Fixed Odds
The fixed odds are those that we find in the online sportsbooks.
The bookmaker relies on the timing of each pair, the statistics, and previous Pace.
The betting procedure in this case is the same as in Tennis, Basketball or Soccer betting.
The lower the odd, the higher the probability that the pair will win the race.
Variable Odds
Variable odds are common for bets placed physically. That is: when bettors are at the racetrack or the Jockey Club.
To give you a good understanding of how variable odds work, let's schematize a fictitious race track:
There are 3 horses;
In total R$10,000.00 was bet on these horses;
Each horse received an amount "x" in his name:
Horse A: R$ 5,000.00;
Horse B: $ 3,500.00;
Horse C: $1,500.00.
How do you get the odds now? Simple! We divide the total amount by the amount bet on each horse. Here it is!
Horse A
$ 10,000.00 / $ 5,000.00 = odds of 2.00
Horse B
10.000,00 / $ 3.500,00 = odds of 2,85
Horse C
10.000,00 / $ 1.500,00 = odds of 6,66
These odds are called Morning Line odds. They are determined on the morning of the race and can change after the bets are opened.
This is where the importance of the Morning Line lies. It gives you an idea of which horses are favored and which are not in the next race.
The Morning Line is most common in English-speaking countries.
Main Markets in Horse Racing Betting
Don't expect to find dozens or hundreds of markets in horse racing betting. This is a fast-moving sport with some variation during the race.
Another key point in the construction of betting markets is that the sport is basically individual. It is the jockey/horse duo and nothing else!
Of course, behind the 2 there are trainers and a whole team. These individuals, however, do not interfere during the race....
Even with few markets, betting on the Shovels can be quite profitable. You just need to learn how to use the betting markets to your advantage.
1. Victory
The simplest market to understand and, logically, the simplest to bet on. All you have to do is determine which pair will win the race.
This kind of information is interesting to bet with quality in this market.
First, because it allows us to evaluate which pairs are maintaining a consistency in the odds. Either for bad or good.
In addition, it helps us to more easily identify value bets. Especially if you are going for live betting!
2. Place
Place is a bet with lower odds in relation to the Victory market. Here you determine that a pair will come in either 1st or 2nd.
The chances of your guess winning are, of course, greater. Victory does not matter. What matters is to be in the top 2.
3. Show
The Show is "safer" than the Victory market. Your horse needs to be in the top 3 for your bet to win.
This market is only valuable if you find better odds than the Victory market.
But what do you mean by better odds?
Let's say Fox Power had an odds on the Victory market of 1.85. Librisa Breeze, on the other hand, had an odds of 5.40.
In the above case obviously the horse with the best chance of winning the race is Fox Power.
At the same time, you notice that betting on the Show on Librisa Breeze, we have an odds of 2.37.
This is an advantage, because by betting on Show on Breeze, he can make it to the top 3 for your bet to come out a winner.
And the best part? With superior odds to the Fox Power on the Victory market!
4. Across The Board
This is the most complex market in horse racing. It is as if you bet at the same time on
Victory
Place
Show
In other words, when you bet $10 on Across The Board, you are actually betting $30. After all, there are 3 bets at the same time.
Just so you understand: you're betting on horse A, right? In the Across The Board market we could have 3 situations:
He gets 1st: in this case you won the Victory, the Place and the Show;
He comes in 2nd: here you win the bets placed on Place and Show;
He comes in 3rd: only the Show is won.
Across The Board is similar to a system bet. That is: your profit will depend on the circumstance of the results.
If you win all three bets (Win, Place, and Show), your return will be high. But if you win only the Show, you may have some loss, but not total loss.
5. Exotic Bets
Exotic bets are those in which you bet on more than one horse at the same time.
Of course, this type of bet requires a slightly higher financial investment. But it can be worth it, since the winnings can also be high.
See below for 4 types of exotic horse bets:
Exacta Predict the 2 horses that come 1st and 2nd (exactly in that order)
Quinella Match the 2 horses that come 1st and 2nd (no matter the order between them)
Trifecta Match the 3 horses that place 1st, 2nd, and 3rd (in exact order)
Superfecta Pick the 4 horses that place 1st, 2nd, 3rd, and 4th (in exact order)
We hope you liked this shortie, and bettingsoftware.com will be back soon with more about the world of sports and sports betting!
