According to statistics, 27% of bettors say that they’ve done some horse racing betting in the past, and that makes it one of the most popular sports for betting in the US.
Horse racing odds seen by WeCompareOdds tend to be different to the odds in other major betting sports, though, and that’s because of the mode of play. “Win, place and show” betting is the first major type of horse racing betting, and it can provide the bettor with a range of different options.
“Win”, of course, means that the bettor specifies a certain horse to ride to victory, and if it does, then the bettor cashes in. “Place” means the bettor’s horse needs to appear first or second, while “show” means it needs to come first, second or third.
The exacta or trifecta are good options for those who are confident of an outcome. In an exacta, the bettor needs to correctly bet which horse will come first and which will come second, and for a trifecta, the bettor will need to add a third place victor as well.
The horse racing industry in the US is worth around $25 billion, which is proof of its popularity. Consequently, there’s a thriving horse racing gambling scene in place to serve this need.
A quick look down big betting sites like Bet365 reveals that there are plenty of major American horse racing meets available to bet on. These include standard meets at courses like Ferndale, Penn National and Saratoga as well as important calendar events like the Kentucky Derby.
Horse racing is popular around the world, and that means there are also lots of international meets available to bet on. These include meets as far apart as Singapore, Tokyo and South Africa.
With modern technology transforming the betting industry, it’s now also possible to bet on virtual races – set in mocked-up versions of real racecourses – which take place entirely through a screen. This means bettors who aren’t able to track their preferred race live won’t miss out.