The Everest 2023 is one of the most prestigious races in horse racing. Arranged on turf at the Randwick Racecourse, horse racing fans, and bettors from across the globe tune in for the event. It can be a fairly profitable affair even if you learn the basics of the sport and prepare for it. Most of the best sports gambling sites feature the sport and the event as an option you can opt for.
If you’re looking for the most popular betting types for The Everest, here’s all you need to know.
Betting Types
Standard wagers
The win/place/show wagers are the classic options that you’ll find on practically every betting site. If you’re getting started with horse racing betting, it’s recommended that you stick to standard wagers initially, which are similar to options found in other betting sports. Many experienced professionals as well as all newcomers tend to stick to betting on a single horse rather than multiple because it’s much more convenient. The minimum bet amount is usually $2.
Win-Place-Show Bets
What makes horse racing betting so unique is that you have so many options to choose from. Because of this not only is the market easier to access but it does not get overwhelming for people who are willing to learn. On a race, you can find numerous forms of wager but some of the most common basic options are:
Win Bet
The simplest form of wager in horse racing is a win bet. As the name suggests, you have to bet on the horse that you expect to win the race. It is the simplest form of betting in horse racing, but the horse you want to win needs to win to make a successful bet.
If the horse that you wagered on does not win the race, you lose the money. Because it’s the most difficult kind of bet, it results in the highest payout.
Place Bet
If you think that the horse you’re wagering on will either come in first or second place, you can opt for a place bet. Place bets are very common when there are strong contenders in the race and it’s not certain who will come out on top. Even if the horse that you wagered on does not finish first, you will be able to win the wager if they come in second place.
While these forms of bets aren’t easy, they are still more accessible than win bets among horse racing bets.
Show Bet
If you want to offer the easiest option in horse racing betting, you can opt for a show bet. The horse that you wager on has to come in either first, second, or third place for you to have a successful wager. Because they’re the least risky form of wagers, show bets have the smallest payoff. For newcomers, opting for a show bet is the recommended option if they don’t have good information or tips.
The minimum bet for a win, place, or show wager is only $2.
Exotic Wagers
Exotic wagers require you to bet on more than one horse. These wagers might be within a single race or multiple races. Because they have a much lower probability for success than win/place/show bets, the resultant payout is the best considering the horse racing odds.
To improve your chances of winning, you can opt for multiple tickets and combinations. It can be fairly costly, but in case of a win, it might be worth the price. You can find exotic wagers on some of the most popular horse racing betting sites. Exotic wagers can be categorized as :
- Single-race exotics
- Multi-race exotics
Single-Race (Vertical) Exotics
Single-race exotic wagers, also known as “vertical” exotics, require you to bet on the order of finish of a particular race. The more positions that you bet on, the more difficult your wager gets as the probability of success goes down. But if you manage to get the wager right, the payout can be fairly significant.
Even if you manage to get a single position wrong the whole bet fails. It’s considered a high-risk high-reward market for betting.
Exacta Bet
A classic among exotic wagers, you have to pick the top two finishers in the correct order to win an exacta bet. The minimum wager amount for an exacta bet is within a $1 to $2 range, but it varies on the betting platform.
Once you’ve had a significant amount of luck with the win, place, and show wagers, opt for an exacta. As expected it’s a much more difficult wager, but the payout might be worth considering it. You have to pick two horses in an exacta, specifying the order in which they will finish. The horses have to finish the race in that exact order for you to win the bet.
Some people find that picking two horses in the right order can be difficult so they opt for boxing their wager. In a box to wager the order of finish does not matter, but the two horses need to finish in first and second place. As expected, a boxed wager has a lower payout than a normal exacta bet.
Quinella Bet
A quinella is hard to find at certain tracks but it’s available at many dedicated horse racing betting sites. Many consider it to be a simplified form of the exacta bet and the order of the finish for the top two horses does not matter.
Trifecta Bet
As the name suggests, a trifecta requires you to bet on the top three horses in a race in the correct order. Because of the higher risks, it generally has the lowest minimum bet amount.
Generally, the most experienced professionals opt for trifecta bets, due to the higher difficulty as compared to win, place and show wagers, and exacta wagers. Continuing the trend, a trifecta bet has a higher payout because of the high risk involved. The horses that you wager on must finish the race in first, second, and third for you to win the wager. Similar to the exacta bet you have the option to box your trifecta bet so that you don’t have to get the exact order of the horses right.
Superfecta Bet
Raising the stakes, you have the option to opt for a superfecta. Here you have to wager on the top four finishers of the race in the exact order. It’s one of the most difficult forms of horse racing betting which is why it has a low minimum betting amount, encouraging betters to try out various combinations.
Super High 5
If you want an even more difficult option for horse racing betting you can opt for the Super high 5. As the name suggests, it requires you to bet on the top five finishers of the race. Most people tend to stay away from the Super high 5 but it does provide an incredible payout which is why people can try it because of the low minimum bet amount.
Multi-race (horizontal) exotics
Multi-race exotics are also called “horizontal” wagers. You have to bet on the winning horses in two or more races. Many people offer multi-race wagers because numerous races take place throughout the entire day providing people with many chances for entertainment and winning.
Double
Referred to as the Daily Double in some parts, you have to wager on the winners of back-to-back races.
Pick 3
Pick 3 requires the bettor to bet on the winners of three straight races
Pick 4
Despite being one of the most difficult forms of wagers, the pick four is one of the most popular among bettors across the globe. You have to select the winners of consecutive races.
Pick 5
Pick five requires you to bet on the winners of five races in a day. The more horses that you bet on to win the race, the more unlikely the probability of success becomes. Even though the pick five markets can provide a good payout, many people tend to avoid it just because it’s so difficult to get right.
Pick 6
Pick six you have to bet on six straight winners of the various races taking place throughout the day. Continuing the trend, pick six has the lowest minimum betting amount. Many oddsmakers provide jackpots to people who can get the pick 6 correct.
Betting Terms
These are some of the common terms that you’ll hear in horse racing betting. Below are some of the fundamentals that you should be aware of:
Win
A single horse that you bet on manages to win the race, finishing in the first position.
Place
A single horse that you bet on manages to come in second place in the race.
Show
A horse finishes the race in the third position.
Exacta
The two horses that you wager on come in first and second place, in the order that you described.
Quinella
The horses that you picked to bet on finish the race in 1st and 2nd place, irrespective of their order.
Trifecta
You wager on three horses and they come in first, second, and third place in the order that you described.
Superfecta
Wagering on four horses and they finish the race in the order that you described, from first to fourth.
Box
In Exacta, Trifecta, and Superfecta bets, to “box” the wager means any combination of the horses that you wager on can come in any position of the top positions, depending on the number of horses you’re wagering on. Do know that a box wager is much more expensive.
Additional Terms to Know
Once you start betting more frequently, you will start to hear these terms more often. It’s necessary that you know what they mean:
Scratch
For any reason, if a horse that was scheduled to run in a race pulls out of competition, it’s called a scratch.
MTP
A common term used at racing tracks, MTP or minutes to post refers to the time left better to make a wager before the race begins.
Jockey
The person who rides the horse during the race.
Starting with Online Betting Sites
For horse racing betting online, you’ll need an account on a sports betting site or a dedicated horse racing betting platform. Creating an account on a sports betting site works the same as any other website. Simply use the signup option on the homepage and enter the required information. Betting platforms require this information for identification.
The betting site might also require some basic financial information. Most websites have a very simple sign-up procedure. If you have any difficulty in the sign-up process, you can reach out to the support team for further information. One of the major advantages of providing your information is that websites can verify that you are the person withdrawing the amount.
Using a Local Horse Racing Betting Site
When you’re engaging in any form of betting or gambling, opt for a local betting site. Betting sites are legally required to register with the local gambling authorities. This provides them the licenses to legally offer betting and gambling services in an area. Most countries have their bodies for licensing and regulation. You should look for a platform that is licensed and regulated to operate within your area.
Not having to use an offshore betting site helps you save up on additional transaction costs during transfers and withdrawals. If you’re from a country with no betting regulations, betting platforms offering services operate in a gray area. In such cases, experts recommend that you opt for betting sites that have licenses in various regions along with good reviews.
Offshore Betting Sites
For a myriad of reasons, a bettor may not have access to local betting sites. In such cases, they have to use betting platforms that either offer services to their country or are licensed abroad. In such cases, bettors are recommended to do their due research about the websites. Many online betting site ranking platforms make this job easier.
Often countries with legal sports betting opt for offshore betting sites because they have some features or aspects that they want to take advantage of.
Adding Money
Using your existing bank account or through any other payment method that the platform accepts, you can transfer money into your betting account. The best betting sites use high-end security, encryption, and other security measures to keep your account safe and secure. You’ll find that the payment methods that you use on a day-to-day basis are available on most betting platforms, which increases the accessibility of these sites.
Depositing and withdrawing money takes only a few clicks. For most payment methods like e-Wallets, you have instantaneous transfer and little to no transfer fees involved. These do come with transaction limits, which can vary depending on what action you’re taking, the service provider, the method, and the sportsbook itself. Some of the top betting platforms have a verification system upon withdrawals. It helps ensure that the person withdrawing the amount is the account owner.
Finding Horse Racing Betting Options Online
Apart from dedicated horse racing betting sites, you will find options for horse racing betting on sports betting sites. After clicking on the horse racing tab, you can pick one race and find a variety of markets to bet on in each game. You have to set your wager amount and click on the bet icon or button.
Picking a Winning Horse
One of the most important parts of horse racing betting is knowing which horse is likely to win. This is called handicapping. There is no foolproof method of successful handicapping. People can only make educated guesses but they do not have any guarantees for accuracy. Generally, experts will recommend you focus on the following factors:
Rank
Based on their performance history, the International Federation of Horseracing Authorities (IFHA) ranks horses. While they won’t give you a complete picture of how a horse might do in a future race, they can educate you on options to look out for.
Race History
The race form provides race history, offering information on how a horse performed in past races. If a horse has a “C,” “D,” next to their name, it means they’ve won on that, distance, course, or both of them. Many people use them to determine when a horse raced the last time, as regularly competing horses might not be in the best condition to win.
Similarly, extremely inactive horses might also be unlikely to do good on the track.
Position
The stall and gate location can also be a major consideration. For short races, horses in the outside stall are better picks while longer races often favor that inside. These aren’t set in stone, but various equestrians believe in this aspect.
Horse Condition
Even though horses go through a pre-race examination conducted by a veterinarian, they might not be in the best condition to race. It’s recommended that you keep a close eye on horse race entries when they’re warming up. A healthy horse is alert and has smooth, intentional movements.
If you observe anything odd about the horse’s condition or its appearance, it could indicate that the horse is in less than optimal racing condition.
Horse Racing Platforms to Check Out
1xbet
Apart from being one of the top sports betting sites in the world, 1xbet has extended its reputation to becoming an equally reliable horse racing betting site. It goes toe to toe with some of the best horse racing betting sites available online. You can find many horse races taking place across the globe, giving bettors ample options to choose from.
Newcomers are recommended to use the 1xbet sign-up bonus, allowing them to earn a bit extra on their wagers. For mobile users, the 1xbet application allows you great betting access even when you’re on the go.
BetUS
BetUS is the top option for most US bettors. The platform established itself as a reliable, robust platform. Being such an enjoyable betting sport, horse racing is featured heavily on the site. If a major horse racing event is taking place anywhere, BetUS will have fixtures for you to choose from.
BetUS allows you access to numerous markets, and there’s no shortage of options here. BetUS sports betting makes some great bonuses and seasonal promotions accessible, allowing you to bet more often and do so smartly.
William Hill
With its increasing coverage in the world, William Hill is the go-to betting site for various countries, including the UK where they have a huge physical gambling network established as well. It’s one of the oldest betting platforms in the world, which is a testament to how valuable its services are now. It covers a huge roster of sports and horse racing betting has been a staple of the platform. There are no fixtures for the sport on William Hill.
You’ll find numerous promotions when major events take place, giving you ample incentive to check it out for yourself.
Be Prepared for Everest 2023 With Betting Sites Ranking
Betting Sites Ranking has ranked the top 10 betting sites in the world, providing horse race betting site reviews to enable people from anywhere to find reliable betting sites. You can find recommendations for around 105 countries, allowing everyone options for online betting games, and more on regulated and licensed platforms. If you want to bet on sports online or try some of the latest trends like crypto and esports betting, you have access to it all with Betting Sites Ranking for sports betting legal countries.
Apart from horse racing betting and events like Everest 2023, the platform enables you to find betting guides for various sports to try your luck at them. With Betting Sites Ranking, you have access to the best bets today.
