If you’re interested in horse race betting and are looking for different betting types, then you’re in the right place. Even if you are a beginner, you can find all you need to know about horse racings in our detailed guide. However, in this article, we’ll discuss what each-way bets are in terms of horse racing and how to use them. We’ll also present a few other horse race betting types available at Ladbrokes.
Each Way Betting Explained
Each way betting in horse racing consists of two bets. The first is for a chosen horse to win a particular race. The second is for the horse to finish in one of the predetermined positions offered for that race.
You must double your stake to cover each one, given that an each way bet consists of two parts. However, we should note that if the horse race has only five runners, the place bet isn’t available. The placement bet covers the first and second place in a horse race of five or six runners.
Other Horse Race Betting Types
Let’s take a look at some of the other horse race betting options to try out the next time you place a bet at Ladbrokes – a bookie that is truly devoted to horse racings.
- Win – selecting a horse to win the race.
- Place – predicting which horse will place first or second.
- Show – your chosen horse places in the top three.
Across the board – A combination of win, place and show bets. The position of your chosen horse determines how many parts of the wager you’ll win. First wins all three, second place wins last two wagers and third place wins the final bet.
Select two horses in the same race to place first and second. If they place the exact positions and order that you predicted, you’ll win your wager.
Similar to the exacta bet, but different in that the exact order is needed. All that’s required to win is for the two selected horses to place first and second.
- Trifecta and Superfecta
Similar to the exacta bet, but you would need to select three or four horses, respectively. Your chosen horses must place in the top three or four positions in the exact order for your wager to win.
- Daily Double
This bet consists of two predetermined horse races. You need to select a horse in each race to place first. If both horses win, then you win your wager.Pick 3, 4, or 6 – The same concept as the daily double, but is applicable for three, four or six consecutive races, respectively. All horses must win their races for you to win your wager.Pick 6 is the biggest wager available in horse racing. If you’re lucky enough to win, you’ll win big.
Advantages and Disadvantages
- You’ll significantly increase your chances of a successful wager.
- Long odds result in favourable odds.
- When placing an each way bet, you’re doubling your stake. This increase also means that you could lose double if the wager is unsuccessful.
- The spilt bet could result in reduced odds, which could mean a lower payout.
If you’re new to horse race betting with Ladbrokes, here is some advice to get you started. Whether you’re placing each way bets or taking the more exotic route, here are a few things to consider to improve your experience. You are on the right path, as Ladbrokes is among the bookies with the highest odds and gambling on this platform, especially when it comes to horse racings, is a wise choice.
Horse race betting isn’t just about predicting which horse will win their respective races. Not only does the result depend on the horse, but also the trainer, breeder and jockey. Make sure to spend some extra time studying this information before placing your wagers.
Placing bets blindly is a risky endeavour as you’re more likely to lose money than win some. While having this information doesn’t guarantee a successful wager, it does give you a betting advantage.
The idea of taking a significant risk and potentially losing deters many from placing more exotic bets on horse races. This really shouldn’t be the case. The truth is that by adding more to your straight bets, you also stand to win more of your bet is right.
You’re also not limited to only placing wagers in the UK, Europe or the USA. Ladbrokes covers horse races all over the world, including Brazil, Australia and South Africa. Take a look and see which bets are available at the various tracks. You never know if you’ll find an excellent opportunity.
In this regard, we should also extend a word of warning, though. It may be a good thing to experiment and bet on multiple races, but you should also be careful to practice caution. It’s easy to get carried away and swept up in the excitement.
Though bookmakers may cover some of the same horse races, they don’t always offer the same odds. As you may know, the odds determine how much you could win if your wager is successful. Be sure to shop around for the best odds offered and the best value for your bet.
Whether you’re a new or seasoned horse race bettor, you can see the potential for excitement in this form of gambling. Whether you’re explicitly using each way bets or trying your hand at the more exotic options, there’s something for everyone to enjoy.