How Does Betting Work

• PLACE– When you bet on your horse to “place,” you’re betting that he will come in first OR second. If your horse finishes in first or second, you get to collect. Payout for a place bet is less than a win wager, but you do have the security of being able to cash in if your horse finishes in the top two spots.
• Horse race betting is an entertaining gambling game to take part in. Unlike casino games, it allows you to earn and win by betting on the horses. Apart from that, it also tests your betting capability through different levels of betting games you must wager.
• In essence, when you are making a bet, you are depositing money with the bookmaker. If the bet is unsuccessful, the bookmaker keeps the deposited money. However, if the bet is successful, then the bookmaker has to pay out the client the deposited sum multiplied by the odds of the winning bet. This is pretty straightforward and easy to grasp.
• Like parlay betting, teaser betting offer one play at plus odds, keeping the cost low with bigger payout potential. Speaking of odds, comparing them at the sportsbooks can provide a huge boost. Some online sportsbooks will offer two-team, six-point teasers at +100, offering a major boost to profitability potential.

Betting on a horse race for the first time — even the first few times — can be an intimidating endeavor. What are all of these options? Here’s all the lingo you need to know before you place your first bet:

The Basics

Cleveland is the favorite and –1.5 on the runline, so they have to do more than just win, they have to win by at least two points – otherwise, the Rangers (+1.5 on the runline) win the bet. The Rangers get a head start, as indicated by their positive (+) betting odds.

How Does Betting Work In 5 Card Draw

Winbet – A bet on a horse to finish first.

Place bet – A bet on a horse to finish first or second.

Show bet – A bet on a horse to finish in the money; third or better.

In the money – A horse that finishes first, second, or third.

Across the board – A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways (place, show); and if third, one way, losing the win and place bets. It’s actually three bets.

Morning line – The odds that the track handicapper predicts a horse will go off at.

Ready for the Next Step?

Exotic (bet) – Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4.

Daily Double (or Double) – Type of bet calling for the selection of winners of two consecutive races.

Exacta – A wager in which the first two finishers in a race, in exact order of finish, must be picked.

Box – A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses.

Exacta box – A wager in which all possible combinations using a given number of horses are selected. For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order (2-6, 4-2, 6-4, etc.).

Trifecta – A bet in which the first three finishers must be selected in exact order.

Trifecta box – A trifecta wager in which all possible combinations using a given number of horses are bet upon.

Pick (6 or other number) – A type of multi-race bet in which the winners of all the included races must be selected. Pick 3, Pick 4, Pick 5, Pick 6 are commonly used by tracks in the United States.

Brush Up on Gambling Lingo

Bounce – A racehorse’s especially poor performance on the heels of an especially good one.

Chalk – Betting favorite in a race.

Chalk player – Gambler who wagers on favorites.

Key horse – A single horse used in multiple combinations in an exotic bet.

On the board – Finishing among the first three.

On the nose – Betting a horse to win only.

Overlay – A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds.

Underlay – A horse whose odds are less than than his potential to win. Betting horses whose odds are worse than fair value is a poor strategy.

Parlay – A multi-race bet in which all winnings are subsequently wagered on a succeeding race.

Speed Figure – A metric that rates a horse’s performance in a race, which is determined by a combination of the horse’s performance and the level of competition he/she competed against.

Wheel – Betting all possible combinations in an exotic wager using at least one horse as the key.

Wagering on the Ultimate Fighting Championship (UFC) can be very lucrative for bettors. We’ll take a look at ways to minimize risk while maximizing profits, especially for the bettor looking to dip their toe into the mixed-martial arts betting pool for the first time.

UFC betting: Ways to bet

Access USA TODAY Sports’ betting odds for a full list of today’s sports betting odds and lines.

2-way betting: Each individual bout can simply be wagered upon picking a straight-up winner, similar to a moneyline bet in the other major sports, with a favorite and an underdog.Method of victory:

How Does Betting Work In Football

If you like a fighter to win, but perhaps he/she is an overwhelming favorite, you can be more specific to mitigate your risk. There are a few different ways a bout can end. A fighter can win on points, either a unanimous decision, split decision or a majority decision. The fight can also end in a draw, or tie. In addition, you can bet on a fighter to win via submission or a KO/TKO.Round betting: Fights which are either preliminaries or on the main card leading up to the main event/co-main events are three rounds, while main events are five rounds. You can choose a fighter to win in a certain round and/or you can bet the Over/Under on when the fight will end. For instance, if you feel the fight will go the distance, you would bet the Over.Double chance betting:

How Does Betting Work In Texas Holdem

One of my favorite betting props is double chance betting. If you are particularly interested in betting a fighter who is also a submission specialist facing another fighter with terrible defense, you might take the favorite to win by submission and points. If he doesn’t win by submission, but wins on points, or vice versa, you still win.

UFC betting: Key betting terms to know

Favorite: The fighter who is more likely to win the fight will require more than your return on investment.Underdog: On the flip side, this is the fighter not expected to win. It can be more lucrative than taking the favorite, as you will return your stake and plus-money from your wager.Push or Draw: A wager which ends in a tie, which is not a losing ticket, but not a winning ticket, either. You simply receive your wager back.Chalk: This refers to a heavy favorite. For example, -200 and higher is considered heavy chalk.

How To Read Betting Odds

Parlay: If you were to bet two fighters to win on the 2-way line, for example, you would need to win each end of the bet to cash. You can still win a parlay if one end wins and the other is a push.

UFC betting: How do odds work?

Mixed-martial arts odds can vary greatly. Sometimes the favorite is not terribly steep, but other times, particularly in undercard events, the favorite can have rather high odds. For example, if you were to bet an overwhelming favorite at -750, you would need to risk $75 to profit just $10. An underdog wager at +190 would profit $19 on a $10 bet.

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How Does Betting Work In Sports

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