Horse racing journalist and handicapper who covered the Kentucky Derby, Preakness, Belmont and Breeders’ Cup for the Las Vegas Review-Journal.
HORSE BETTING GUIDE · BET TYPES
Reviewed by the Horse.bet Team
What is fixed-odds betting in horse racing? — explained: Fixed-odds wagering is the newest old thing in horse racing in the U.S.
Fixed-odds wagering is the newest old thing in horse racing in the U.S. with horse betting sites such as Twinspires , AmWager and TVG offering this type of betting. The fixed-odds horse betting is quite popular in Australia and to a lesser extent in Europe and the U.K.
In fixed-odds horse betting, a third party (i.e., the racebook) sets the odds rather than the betting public, as occurs in pari-mutuel wagering. It’s the way that people bet on horse races before the parimutuel system began to take over in the early 1900s.
The benefits of fixed-odds betting are twofold for the player: It allows a punter to lock in odds at a fair price without having to worry about the late money ruining the payoff, because big bettors and syndicates are no longer incentivized to wait until the last moment to wager. Second, bettors can lock in a bet at higher odds than the final odds in the parimutuel pool , which is more efficient at determining accurate odds than any sportsbook. Read more about strategies in horse racing and check out these American online horse wagering sites to learn more.
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AmWager — 100% deposit match up to $50
Promo Code AMWAGER · 21+ · New US customers only. Terms apply. 1-800-GAMBLER.
Promo Code 365GMBLR · 18+ · New customers only. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. #ad · GambleAware.org
Significant terms
Available to new customers only. Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for 300% of that amount in Bet Credits, up to a maximum of £30* in Bet Credits. Once released, your Bet Credits will be held in your account balance and are non-withdrawable. To release your Bet Credits for use, you must place qualifying bets to the value of your qualifying deposit (capped at £10*) and they must settle within 30 days of claiming the offer. Only qualifying bets placed and settled after claiming the offer will count towards this requirement. PayPal, paysafecard and all other prepaid credit and debit cards, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless we have successfully verified an accepted form of your Identity Documents and you have entered a Postal Verification Code (PVC), or we have successfully verified two accepted forms of your Identity Documents. See condition 2 of full Terms and Conditions for details. Bets placed must meet certain conditions to count towards the release of your Bet Credits: Must contain at least one selection at odds of 1/5 (1.20) or greater. Only the largest cumulative stake on an individual selection within a market/fixture combination (either pre-match or In-Play) will count towards the settled bets requirement. Cashed Out, Instant Games, Gaming, Free Bets, void bets, In-Play bets which are settled as a push or Fantasy Sports entries will not count. Your Bet Credits are non-withdrawable, and Bet Credits stakes are not included in any returns. Any returns from Bet Credits placed will be added to your Withdrawable Balance. Bet Credits cannot be used on certain products, offers/promotions and bet types. See full Terms and Conditions for details. Your Bet Credits will expire 7 days after they are added to your Bet Credits balance.
Bet responsibly. Only bet where it is legal and you are of legal age. 21+. Gambling problem? Call 1-800-GAMBLER.18+. Need help? GamCare 0808 8020 133 · GambleAware.org.Need help? Contact your local gambling support service.
