Horse Racing Betting - The Ultimate Beginner's Guide

Horse Racing Betting Ultimate Beginner's Guide

In this guide we explain all you need to know about horse racing betting including common terms and phrases and the various types of bets available.

Horse Racing Betting Guide

Horse Racing is one of the most popular sports to bet on. In fact, the Grand National and Cheltenham Gold Cup are two of most watched and attended sporting events in the calendar year in the UK.

For some, betting on horses can be both confusing and overwhelming to begin with but hopefully by reading this guide you’ll have a better understanding of how everything works.

Horse Racing Betting Terms

Below we explain some of the most common phrases used in relation to betting on horses.

What Does Starting Price (SP) Mean?

Starting Price (SP as an abbreviation) refers to the odds of the horse at the start of the race. When you place a bet you’ll usually be given the choice of the current odds on the selection and the Starting Price. However, most online bookmakers offer best odds guaranteed which means you will be paid out at the bigger price.

What Does Non-Runner (NR) Mean?

Non-runner (NR as an abbreviation) is a term used when a horse will no longer be taking part in the race. Almost all bookmakers will refund your stake if you back a horse that later becomes a non-runner on the day.

Horse Racing Bet Types

There are a range of bets you can place when it comes to horse racing. Below we’ll explain each in detail.

To Win

This is the most simple and common bet. When placing a ‘To Win’ bet, you are backing a horse to win the race (makes sense) and will only get paid if it finishes first.

Each-Way (E/W)

This bet is most common when betting on horses with bigger odds. When placing an ‘Each-Way’ bet, you are effectively placing two separate bets. The first bet will be on your horse ‘To Win’ the race and the second bet will be on your horse to ‘Place’.

The amount of places that each bookie pays out on can vary but generally most bookies pay out on the top 3 places at a quarter (1/4) of the odds.

For full details on this bet type you can read our ultimate guide to each way betting.

Tricast

When placing a ‘Tricast’ bet, you are required to predict the top three horses in the exact order they finish. As you can imagine, this can be extremely difficult, but the rewards can be huge.

Trixie

A Trixie consists of 4 bets: 3 doubles and 1 treble. When placing a ‘Trixie’ bet, you need at least 2 of the 3 horses you have chosen to be successful. The advantage of a Trixie bet is that should 1 selection fail, you will still get a return.

Patent

A Patent is a bet that includes 3 selections consisting of 7 bets: 3 singles, 3 doubles and a treble. The main advantage of a Patent bet is that you only need 1 successful horse to generate a return.

Yankee

A Yankee is a bet that includes 4 selections consisting of 11 bets: 6 doubles, 4 trebles and a 4-fold accumulator. With a Yankee, you need at least 2 selections to be successful to generate a return.

Lucky 15

A Lucky 15 is a bet that includes 4 selections consisting of 15 bets: 4 singles, 6 doubles, 4 trebles and a 4-fold accumulator. With a Lucky 15, you only need one selection to be successful to generate a return.

Super Yankee

A Super Yankee is a bet that includes 5 selections consisting of 26 bets: 10 doubles, 10 trebles, 5 four-fold’s and a 5-fold accumulator. With a Super Yankee, you need at least 2 selections to be successful to generate a return.

Lucky 31

A Lucky 31 is a bet that includes 5 selections consisting of 31 bets: 5 singles, 10 doubles, 10 trebles, 5 4-folds and a 5-fold accumulator. Witha  Lucky 31, you only need at 1 selection to be successful to generate a return.

Heinz

A Heinz is a bet that includes 6 selections consisting of 57 bets: 15 doubles, 20 trebles, 15 4-folds, 6 5-folds and a 1 6-fold accumulator. With a Heinz, you need at least 2 selections to be successful to generate a return.

Lucky 63

A Lucky 63 is a bet that includes 6 selections consisting of 63 bets: 6 singles, 15 doubles, 20 trebles, 15 4-folds, 6 5-folds and a 6-fold accumulator. With a Lucky63, you need at least 2 selections to be successful to generate a return.

Super Heinz

A Super Heinz is a bet that includes 7 selections consisting of 120 bets: 21 doubles, 35 trebles, 35 4-folds, 21 5-folds, 7 6-folds and a 7-fold accumulator. With a Super Heinz, you need at least 2 selections to be successful to generate a return.

Goliath

A Goliath is a bet that includes 8 selections consisting of 247 bets: 28 doubles, 56 trebles, 70 4-folds, 56 5-folds, 28 6-folds, 8 7-folds and an 8-fold accumulator. With a Goliath, you need at least 2 selections to be successful to generate a return.

Conclusion

There are many bet types and terminologies when it comes to horse racing and it is important that you familiarise yourself with them before betting.

What next? Once you’re confident on how to bet on horse racing, the next natural step is to learn how to read a form card.