How To Bet For Beginners : So you’re new to the world of betting and have subscribed to one of our tipster services – the email arrives and the advice is:
- 18.00 Newmarket – Harbinger – Each Way Bet
- 19.20 Ascot – Warning Song – Lay Bet
- Double Bet – 20.15 Cheltenham – Bowdlers Magic
21.00 Cheltenham – Fantasy Fry
If you don’t already understand the types of bet that you can place – don’t worry. The BetFanatic team had to start somewhere and to help out, we got together this evening and put a How To Bet For Beginners guide together.
There are many different types of bets that you can place on a Horse Race and to make maximum profits it is essential that you understand them all. If you are thinking about betting on horse racing to make some spare cash then below are a few of the basic forms or types of bet that you can place. You’ll also learn that there are plenty of ways to make money betting on horse racing outside of simply picking the winner.
Since we are covering the basics – the very easiest type of bet is a Win Bet. It’s all in the name – you select the horse that you think is going to come in first. If it does win the race then you win too, but if not, you lose your bet.
A Place Bet means that you are betting on a horse that you think will come in the first four places in a race – although this depends on the amount of horses that are racing. You will not win as heavily but your odds of winning are increased. In order to place this type of bet, there have to be at least five horses running.
If you like the idea of both of these types of bets, then you may decide to place a bet which is a combination of these two and this is called an Each Way Bet. An Each Way Bet means that you are essentially placing a Win Bet & a Place Bet and you get paid if your horse places – plus if it wins you get paid for that bet as well. This is basically a bet that you’d place on a decent valued horse.
For those who like the thought of higher stakes and higher risk, you may consider going for what is known as a Double Bet. A Double Bet can be either a Place or a Win Bet – but the twist is that you lay money down on two horses in two different races. If both win, your total winnings double, if one part of the bet fails you lose all of your money on both bets.
Working on the same principle, you can also place a Treble Bet, which is the same, only you are backing three horses in three races instead of two.
There is also a bet called an Accumulator which involves betting on four or more horse. As you’d expect, the Accumulator is a tricky bet to land, as you are staking your money where there are many different potential outcomes. This type of bet is a bad idea for a beginner and in fact, I do not even entertain these – and advise my members to do the same.
The final type of bet I am going to cover is a Lay Bet. This is something that has become quite popular recently and it involves betting on horses to lose – rather than to win, and is something that is often only permitted through an online Betting Exchange like Betfair.
Remember when Lay Betting, you’re betting on losses, and if the horse wins, then you can stand to lose a fair amount of cash, so caution must be applied at all times. The way to succeed when it comes to laying horses is to find a quality information source for your horse racing lays, and to be selective with the odds that you lay at. If the odds to lay are too high on a tip you received and you feel uncomfortable placing that bet, then give that selection a miss and wait for the next. Don’t Lay Bet on a whim.
Betfanatic is pleased to provide you, our subscribers, at least one Free Sports Betting Tip per day. All sports are covered by our subscription services and the advice from these used in conjunction with our favourite online bookmaker Betfair, really can give you the edge. It’s never been easier to place a bet.
The above covers the basics of How To Bet For Beginners, however, we will be going into great more detail about these types of bets, as well as other topics related to Sports Betting in future articles.
Make every day a winner! 
Bet Fanatic
betfanatic.co.uk
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Thanks for this great article. I’m new to all this so it was really helpfull. Thanks BetFanatic
I adore this website, very remarkable. The advice is second to none. I can’t believe I found this webpage
Please could someone tell me how to work out out reverse forecast returns – say I placed a £10 reverse forecast (£20 total) and the horses came in at say evens & 6/4 – how much would be returned to me (including stake) ? I must say that it is a breath of fresh air finding a site as good as this – keep up the good work !
Pete,
With the bet you have described – £10 on a reverse forecast with the horses coming in both at evens, and at 6/4 – You stand to make a total profit of £70 with £90 being returned to you in total.
6/4 works out in decimal at 2.5 – and evens is 2.0. If both bets win, you win the combined odds of 4.5 – you of course receive your £20 stake back too.
Jon
http://www.betfanatic.co.uk