Types of Wagers at the Harness Track
Betting on horse races can be a fun and exciting way to win money, but there are many things that people do not know about betting on horse races. There are many different types of bets, some of which are meant to use exotic betting methods, while others are designed to bet on a certain horse race type. One of the most important things to know about betting on horses is that it can be very profitable, or it can also be very dangerous. Knowing how to protect yourself and the money you put into the bet will help you to make the best possible choices.
The first type of bet you can place is called a straight bet. When you see odds of plus 200, you’re most likely looking at either a cashpoint or point spread. The point spread shows you how many points your favorite will win, while the cashpoint shows you how much you need to pay to own a horse. The difference between the two is the amount of money you need to own a horse. Point spreads and cashlines usually have a pre-determined maximum, so be sure to use one of them if you’re placing a lot of money on a horse.
Another type of bet you can place is known as a exacta bet. With this type of bet, you know before the race begins which team must win. After all, if a horse was given odds of being first, second or third, and you knew that first team had to win, would you still bet on it? This is why an exacta bet is usually placed high on horses in order to maximize your payout.
An extra bonus of betting on true underdogs is that you can often win extra money if your favorite loses. How? If the favorite in fact loses, many people will switch their tickets to the next favorite in hopes of hitting more payouts. This is called line moving, and can earn you some really good profits.
A final type of bet you can place for easy wagers at the harness track is a parlay. Parlays are simply a succession of bets, and are rarely run as a true parlay with only one team participating. These are usually run on consecutive races after the opening and closers. The main benefit of parlays is that you can get involved in very large races with only one team, thus increasing your chances of hitting some real big payouts.
There are plenty more types of wagers you can place at the harness track, but the ones I’ve mentioned above are perhaps the easiest ones to do. Hopefully this article has given you some helpful information on how to go about betting on horseracing, especially if you’re new to betting online. Keep in mind that there are many different kinds of bets available, so before betting you need to determine your goals and which types of wagers will help you reach those goals. No matter which method you choose, always keep in mind that it’s important to have fun while enjoying your favorite sport.