Wagering In Relation To Minimum Bets Allowed In Horse Racing
As a new punter, your main concern is how much each bet will cost before you forward the ticket. Depending on each type of bet, you need to know the cost and this will also help you to manage your bankroll as well as calculating the odds and outs for each given race. In this guide, we will look at various types of bets giving examples of betting and variation.
For straight bets – Win, Place or Show, the minimum wage allowed is $2. Thus, the dividend is based on the $2 wager. For example, if you have placed a straight bet with a total wager of $20 and the Win price is $8.50 this means you would collect $85 ($20 multiplied by $8.5 Win divided by $2 minimum.
Hint: Wagering on favorites has a Win Bet has an average of 30% to win, an average of 45% to win or place and an average of 60% to win, place or show.
Another common type of bet is the Daily Double bet at which you get to select any two horses that will finish in any order 1st or 2nd in the first race and second race. You need to place your bet before the start of the first race.
For Quiniela Bets, you get to select any two horses that finish first or second in any order in any given race. The minimum bet for Quiniela is $2. For example, you place a Quiniela Box of 5, 6 and 4. Therefore, you are making three separate bets and the combinations would be the outcome of the horses finishing 4-6, 4-5, 6-4, 5-4, 6-5, or 5-6 thus your minimum bet becomes $6 for Quiniela box bets.
For Quiniela double, it is a bet of two winning Quiniela bets in the last two races. In order to win, all Quiniela bets of the last two races should be a win.
Now, with the Quiniela Wheel, you select any of your favorite horse to win with all other horses. For example, you select a wheel of 4 with a combination of 6 other horses your minimum bet would be $12.
The Betting variations according to the minimum bet become different and more expensive when placing the Perfacta and Trifecta bets.
The minimum bet allowed for Trifecta bets is $1. For example, a $1 Trifecta of 3-5-2 would cost you a total of $6 because the combinations would be finish 2-5-3, 2-3-5, 3-5-2, 3-2-5, 5-3-2 or 5-2-3; for a win.
A straight Trifecta would cost $2 with a bet of any three horses such as 7-4-5 and should finish in the exact order.
Now looking at Perfecta bets, the minimum bet increases depending on the number of horses placed and an addition of a horse increases the minimum bet by a significant margin. For example, A Perfecta box of 5 horses with minimum bet of $2 would cost $40 due to the fact that it consists of 20 bets and a Perfecta box of 6 horses would cost $60 as it consists of 30 bets.
Bettors should be advised that the types of bets and rules differ from one country to another and you would have to ask the bookmaker or sportsbook if not sure when you consider placing any bets.
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