Horse Racing FAQ

Posted by admin | Horse Racing FAQ | Friday 2 January 2009 5:56 am

1. What races are offered?

We offer wagering on Thoroughbred and Quarterhorse races.


2.
What tracks are offered?

We offer races on all the major North American (USA and Canada) tracks as well as several minor tracks. Please click here for a complete listing of our supported tracks.
We also offer fixed odds markets on some of the international races. You can find these by using the drop down box under horse racing .

3. What bets are offered?

- We offer a comprehensive wagering menu featuring all common bet types in North America, from straight Win, Place, and Show bets to combination bets, to multi race wagers such as Pick 3’s and Pick 4’s.
- However, bet types we accept vary from track to track, to see a complete listing of what bet types offered on a particular track are accepted in our system, please click here

4. What are the Minimum and Maximum bet limits?

- Minimum and maximum bet limits vary from track to track.
- There are also different limits depending on the bet type.
- For a complete and detailed list, please click here.

5. Do you pay Full Track Odds?

- Our payouts vary according to bet type and according to track. In most cases we pay Full Track Odds on Win, Place and Show bets.
- For combination bets, we pay Full Track Odds with Limits or Caps. The payout limit vary according to bet type and according to track. As a general rule, the bigger the track, the higher the payout limit or cap.
- For a complete and detailed list, please click here.

6. How do you treat bets on Scratched horses?

- A horse is scratched when it is listed as an entry in a race but it did not run in the race (prior to the start of the race). A horse maybe scratched early in the day or minutes before the race.
- Our system marks early and late scratches so that they can not be wagered on anymore.
- Refund. However, in cases where a wager was placed on horse that scratched, all bets on that scratched horse, straight bets and combination bets, the bet amount will be refunded.
- Scratches on Multi-race bets. Any scratches after the first leg of the multi-race ran will not be refunded. Example, you have a Pick 3 selection as follows:
Race 1- horse #1
Race 2 - horse #2
Race 3- horse #3
Suppose horse #1 lost on Race1, and on race #2 horse#2 scratched. You have a losing bet since your combination already has a loser.

7. What is a Coupled entry?

- Horses that belong to one owner or under one trainer, running on the same race are grouped “coupled” together so that when you bet on one you also get the other. Simply put, two horses running as one.
- Typical coupled entry horses are:

1 - Horse One
1A - Horse One A
or
2 - Horse Two
2B - Horse Two B

- Scratch. If one of the horses scratch but the other runs, your bet still has action. Refunds are given only if both of the horses scratch.
- Winner. If one of the horses win, then your bet with the other horse win, too. For example, you took 1A to WIN. The ensuing race result is Horse 1 - first spot, Horse 2- second spot, Horse 3 - 3rd spot. Your bet on Horse 1A is a winner because Horse 1A is considered the same as Horse 1. The same also apply to combination bets.
- Both win. In cases where both horses in a coupled entry win in a race, the higher payout will be applied. For example, a race result such as:
1 - 1st position
2 - 2nd position
1A - 3rd position
- 1A will have the same payout as 1 (Win, Place and Show). For combination payout purposes; for Trifecta the fourth spot finisher will me marked as 3rd ; and for Superfecta the 5th spot finisher will be marked as 4th.

8. What is a Field Entry?

- When there are so many horses running in a race, several horses are grouped together as field horses. For payouts and refunds, the same concepts in Coupled Entries apply. Simply put, 2 or more horses running as one.
- 12F, 13F, 14F, etc.

9. How soon can I bet on races?

- We start offering races for wagering as early as 9am EST. In most cases, races are available for wagering one day in advance.

10. How late can I bet on races?

- We close races ONE minute before the published post-time.
- In case of big races, we shall keep the races open for wagering until the first horse enters the gate.

11. Do you offer consolation payouts?

- Being a non pari-mutual outfit we are not obligated to return money via a consolation payout. Winning exotics must contain the correct order of finish and All scratches on multi race exotics result in refunds ONLY

12. I live in the USA, are there any tracks I am not allowed to bet on?

- We accept members from all parts of the world.
- There are no restrictions on what tracks our members can wager on. You can wager on all the tracks that we offer.

13. Are there any charges, fees or taxes with your service?

- There are NO Membership Fees.
- There are NO Wagering Fees.
- There are NO tax deductions on your winnings.

14. How soon are horseracing bets graded?

- We grade horseracing bets as soon as we received confirmed results and payout information. This normally takes 25 to 30 minutes after a race has run.

15. Can I bet on races using WebTV?

- Yes you can use WebTV to bet on our horseracing system.

16. Can I see or listen to races on your website?

- Due to copyright laws we are unable to carry live feeds or display content taken from other sites. We can however direct you to a site that will list what tracks offer free live feeds. Go to www.drf.com and click on “horse racing links” it will have a V next to the links that offer video streaming.

17. Do you deduct the money out of my account as soon as I place the bet?

-Unlike a racetrack we DO NOT take money out of your account for a bet placed, we simply take the money out of your available to wager. When the race is completed and the result is a loss only then will money be deducted from your account. In the event your wager is a winner we then slide the wager amount back into your available to wager plus your NET win. This can easily be displayed if you go into your account history and click on the ticket number.

18. How can I view my pending wagers and results

- Click on your account history. then using the drop down box click on “horse wagers” Select the date in the box provided and click on “settled” or “pending” wagers. A list of wagers will appear. To view the ticket simply click on the ticket number and the details of your bet and race will appear.

Horse Racing Limits

Posted by admin | Horse Racing Limits | Friday 2 January 2009 5:50 am
Horse Racing Limits

Major Tracks

Bet Type Min. Bet Max. Bet Max. Payoff
Win $ 1.00 $ 400.00 Track odds
Place $ 1.00 $ 400.00 Track odds
Show $ 1.00 $ 400.00 Track odds
Exacta $ 1.00 $ 100.00 375 to 1
Quinella $ 2.00 $ 200.00 200 to 1
Trifecta $ 1.00 $ 50.00 750 to 1
Daily Double $ 1.00 $ 100.00 375 to 1
Superfecta $ 1.00 $ 20.00 1500 to 1
Pick 3 $ 1.00 $ 50.00 1000 to 1
Pick 4 $ 1.00 $ 50.00 2000 to 1

Minor Tracks

Bet Type Min. Bet Max. Bet Max Payoff
Win $ 1.00 $ 200.00 Track odds
Place $ 1.00 $ 200.00 Track odds
Show $ 1.00 $ 200.00 Track odds
Exacta $ 1.00 $ 100.00 250 to 1
Quinella $ 2.00 $ 200.00 125 to 1
Trifecta $ 1.00 $ 50.00 500 to 1
Daily Double $ 1.00 $ 100.00 175 to 1
Superfecta $ 1.00 $ 20.00 750 to 1
Pick 3 $ 1.00 $ 50.00 500 to 1
Pick 4 $ 1.00 $ 50.00 1000 to 1

Horse Racing Rules

Posted by admin | Horse Racing Rules | Friday 2 January 2009 5:49 am

Horse racing has been around, in one form or another, almost from the time horses were first domesticated in 4,500 B.C. by prehistoric nomads in Central Asia. At first, horse riding and racing were the sport of the nobility, but it soon showed a mass appeal. The ancient Greeks were avid competitors in horse racing events, as were the Romans. Horses must be called in 1 minute before the race or there is no play. All accounts wiil be updated as soon as the results are made available by the racetrack, on the internet (Anything between 20 minutes to one hour). All scratches are considered a No Play on any bet, except if there is an entry. If the wager falls onto an entry horse it will be considered action. List at least one of the entries if wagering on entries. Confirmation on all horses’ bets will be given after approving a readback. Therefore, payoffs cannot be given prior to the race.

Las Vegas rules, regulations, payoffs and wager types apply where not covered herein. All horse races must take place on the scheduled date and site unless otherwise specified. Horse races postponed by more than 12 hours and/or rescheduled will constitute “No Action,” and all money will be credited accordingly. All bets must be made and accepted before the start of the horse race wagered. Any bet placed or received after the start of the horse race wagered will be void.

Management reserves the right to limit the maximum amount wagered prior to acceptance of any bet. Customers are not permitted to open multiple accounts in order to bypass the limits imposed by the system. All bets will be void if multiple accounts are used. In the event that monies are wrongfully credited to a customer’s account, it is the responsibility of the customer to notify SBG Global of the aforesaid error without delay. Any winnings realized after the error, whether directly or indirectly related to the error, but prior to notification of SBG Global, shall be void. SBG Global does not recognize suspended games/races, protests, scoring amendments, result reversals and overturned decisions for wagering purposes.

In order for a bet to be valid, a customer must receive a bet number confirming SBG Global has accepted the bet. This will be via a confirmation message that will appear on your screen. Once accepted, bets cannot be cancelled or amended in any way, either by the customer or by management. Every effort will be made to ensure that all information available on the website is accurate. However, if an error is made in the prices or conditions published online, we reserve the right to correct any mistakes and to settle any bets already laid at the correct price.

How to Bet on Horse Racing

Posted by admin | How to Bet on Horse Racing | Friday 2 January 2009 5:43 am



How to Bet on Horse Racing

Horse Racing is one of the time honored traditions of American sports betting. To effectively bet on horse racing, you first have to understand the types of wagers offered. Also, the different types of betting.

Know Your Bets

Every sport has its own rules, so every sport has its own types of bets you can place. Here are the types you’ll need to know for horse racing…

Straight Bet: Also known as a single or a “Win bet”. The simplest, and most common. Place your bet on your favorite horse, and collect if your horse comes in first.

Place: With a place bet, you collect whether your horse comes in first or second.

Show: You collect if your horse comes in first, second, or third. Of course, you stand to win less and less money between a straight bet, a place, and a show.

Combination Bet: Pick anywhere from two to four horses to win in chosen order. Your return depends on the accuracy of your prediction.

Pick 3: Pick the winners of three races in a row. Depending on who you’re betting with, you can either pick three at once, or pick one at the beginning of each race.

Pick 4
Same as the pick 3 but you must successfully pick the winners of four consecutive races. This is a relatively new bet and not all tracks offer it.

Pick 6: This wager requires the player to select the winner of six consecutive races prior to the first race of the pick six. Some tracks place the pick six as the first six races, the middle six races, or the last six races. Many tracks have carry over pools for the pick six that can grow to as high as a million dollars.

Quinella (AKA, Reverse Forecast): Pick two horses to finish in the first two places, in either order.

Perfecta/Exacta/Straight Forecast: Pick the two winning horses, but they must cross in the order you predicted for you to collect.

Trifecta: Same as Perfecta, but with three horses.

Superfecta: With this bet you must pick the first four finishing horses in the order of their finish. In other words, you must pick the horse that wins, the horse that finishes second, third, and fourth.

Daily Double: Pick the winners of the first two races of the day. You must place your bet before the first race begins.

ACROSS THE BOARD
This is a quick and easy way to say that I want to play my horse in all three positions. ($2 Across The Board = $2 to win, $2 to place, and $2 to show). If the horse wins you collect all three bets. If the horse finishes 2nd then you collect the place and show bets. If the horse finishes 3rd then you will only collect the show bet.
Now that you know what type of bets you will be making you must decide how much you want to risk for the whole day. It is suggested that you separate the money you want to play with from the money you want to take home. This way, win or lose you can find the enjoyment that makes thoroughbred horse racing one of the most popular spectator sports in the world!

Jackpot: Pick the first place winners of six races to share in the jackpot. The jackpot prize may be a sum of money or other prizes, depending on the particular track.

Beyond understanding the bets you can place, all you really need is the betting savvy that comes with experience. Place a few bets, and you’ll start developing an instinct for how to more accurately predict races,

You can bet on horse races online at any number of betting websites, but if you get a chance, nothing really beats seeing the race live, chatting with fellow enthusiasts, and being right there as it happens.

Parlay or Accumulator: A multiple bet. A kind of ‘let-it-ride’ bet. Making simultaneous selections on two or more races with the intent of pressing the winnings of the first win on the bet of the following race selected, and so on. All the selections made must win for you to win the parlay. If a race is a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.

Future: A bet on a future event. At the start of each season, the sportsbooks give out odds for horses to win a certain event. The odds change as the race date approaches and in most cases get shorter, but if you win you get paid at the original odds that you took. This is possibly one of the most profitable bets if you have considerable knowledge of the race that you are betting on including the jockeys, and a good sense of judgement.

Exotic Bets: Betting on unusual events. Some sports books post odds and take bets on a wide variety of other sports related events and activities. A few others will take bets on just about anything you can think of.

Examples of these are the Exacta, Quinella Trifecta, Daily Double, Superfecta and Daily Triple/Pick 3. Needless to say, these wagers are all more difficult than WIN, PLACE or SHOW because they require multiple selections to finish in the proper order.

Boxing horses in exotics
A “box” Is when you use multiple horses taking all possible combinations in that particular bet. If you have determined that two, three, or four horses are the best in the race but you are not sure which one will win, run second, third, or fourth the “box” may be your best bet.
Example: A $1 dollar superfecta box using the 1-2-3-4-5. This means four of your five horses must finish in the top four to be a winner. Same example applies to Exacta (top two finishers) & Trifectas (top three finishers)

Keying horses in exotics
A “key” is when you use a single horse to win, run second, or third using multiple horses in front of him or behind him.
Example: A $1 dollar pick 3, the 2 horse with the 3-4-5 with the 3-4-5-6. This means the 2 horse must win the first leg of your pick 3 either the 3-4 or 5 must win the second leg and the 3-4-5 or 6 must win the third leg to win your bet. Same concept applies to exactas, Daily doubles, trifectas, superfectas, and pick 4’s.

Wheeling horses in exotics
A wheel is when you use a single horse in a position with multiple horses finishing ahead or in some cases behind the horse your wheeling. In many cases a “wheel” and a “key” can be considered the same thing
Example: A $2 dollar Exacta, the 1 horse with the 2-3-4. This means the 1 horse must win the race and the 2,3,or 4 must run second to win the bet. Another example might be a $2 dollar Exacta the 2-3-4 horse with the 1 this means the 2,3,or 4 must win and the 1 must run second. The same theory applies when betting Trifectas, Superfectas and multi race exotics.

Part wheels
Part wheels are offered at a $1 minimum bet per combination — $2 minimum total cost. Part wheels are when you use multiple horses in different positions
Example: A $1 dollar Trifecta part wheel the 1-2 horse with 1-2-3 with 1-2-3-4-5 this means the 1 or 2 must win the race the 1-2-3 must run second and the 1-2-3-4-5 must finish third for the bet to win. Same theory applies to the exacta and Superfecta. A part wheel can be used in the pick 3’s and 4’s but obviously the hoses used must win the race.

Proposition Bet or Prop Bet: An offer of bets at odds and conditions chosen by the sportsbook, usually on ‘Exotic’ bets.

Click here to read more about horse racing.


How To Bet Horses - Additional Information

Approximate Payoff For A $2 Win Ticket

Odds
Pays
Odds
Pays
Odds
Pays
1-9
$2.20
6-5
$4.40
3-1
$8.00
1-5
$2.40
7-5
$4.80
7-2
$9.00
2-5
$2.80
3-2
$5.00
4-1
$10.00
1-2
$3.00
8-5
$5.20
9-2
$11.00
3-5
$3.20
9-5
$5.60
5-1
$12.00
4-5
$3.60
2-1
$6.00
6-1
$14.00
1-1
$4.00
5-2
$7.00
7-1
$16.00

Cost For Multiple Horse Boxes

If you wish to box 3 or more horses in an Exacta or Big Triple here’s what it would cost:

Number Horses
Exacta
Big Triple
3 horses
$12.00
$12.00
4 horses
$24.00
$48.00
5 horses
$40.00
$120.00
6 horses
$60.00
$240.00
7 horses
$84.00
$420.00
8 horses
$112.00
$672.00

Horse Racing Betting Terms

Posted by admin | Horse Racing Betting Terms | Friday 2 January 2009 5:42 am

Glossary of Horse Racing Terms

A

Across The Board - (See ‘Place’) a bet on a horse to win, place or show. Three wagers combined in one. If the horse wins, the player wins all three wagers, if second, two, and if third, one.

B

Box - A wagering term denoting a combination bet whereby all possible numeric combinations are covered.

C

Chalk - Wagering favorite in a race. Dates from the days when on-track bookmakers would write current odds on a chalkboard.
Chalk Player - Bettor who wagers on favorites.

D

Daily Double - Type of wager calling for the selection of winners of two consecutive races, usually the first and second. See ‘Late Double’
Daily Triple or Pick Three - A wager where the bettor must select the winner of three consecutive races.
Daily Racing Form - A daily newspaper containing racing information including news, past performance data and handicapping.
Dead Heat - A tie. Two or more horses finishing equal in a race.

E

Even Money Bet (or Evens) - A 1:1 bet. A $10 wager wins $10.
Exacta - (Also, Perfecta) A wager that picks the first two finishers in a race in the exact order of finish.
Exacta Box - A wager in which all possible combinations using a given number of horses are covered.
Exotic (wager) - Any wager other than win, place or show.

F

Favorite - The most popular horse in a race, which is quoted at the lowest odds because it is deemed to have the best chance of winning the race.
Field - 1) All the runners in a race. 2) Some sportsbooks or bookmakers may well group all the outsiders in a competition under the banner headline of ‘Field’ and put it head to head with the favorite. This is known as favorite vs the field betting and is common in horse and golf betting.
Fixed Odds - Your dividend is fixed at the odds when you placed your bet.
Futures - (Also, Ante Post) Bets placed in advance predicting the outcome of a future event.

H

Handicapper - The official who decides the weights to be carried in handicap events, and the grading of horses and greyhounds

I-J-K-L

In The Money - Finishing first, second or third.
Jumper - Steeplechase or hurdle horse.
Key Horse - The main expected winning horse used in multiple combinations in an exotic wager
Late Double - A second daily double offered during the latter part of the program. See ‘Daily Double’ above.
Lock - (As in ‘Banker’) US term for an almost certain winner. Easy winner.

M-N

Mare - Female horse five-years-old or older.
Morning Line - Approximate odds quoted before wagering begins.
Mutual Pool - Short for ‘Pari-mutuel Pool’. Sum of the wagers on a race or event, such as the win pool, daily double pool, exacta pool, etc.
Neck - Unit of measurement about the length of a horse’s neck.

O

Objection - Claim of foul lodged by rider, patrol judge or other official after the running of a race. If lodged by official, it is called an inquiry.
Odds - The figure or fraction by which a bookmaker or totalisator offers to multiply a bettor’s stake, which the bettor is entitled to receive (plus his or her own stake) if their selection wins.
Oddsmaker - A person who sets the betting odds. (Sportsbooks or Bookies don’t set the odds. Most major sportsbooks use odds set by Las Vegas oddsmakers.)
Official - Sign displayed when result is confirmed. Also racing official.
Off-Track Betting (OTB) - Wagering at legalized betting outlets.

P

Pari-mutuel(s) - A form of wagering originated in 1865 by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made. Oller called his system ‘Parier Mutuel’ meaning ‘Mutual Stake’ or ‘betting among ourselves’. As this wagering method was adopted in England it became known as ‘Paris Mutuals’, and soon after ‘Parimutuels’.
Parlay - (Also, Accumulator) A multiple bet. A kind of ‘let-it-ride’ bet. Making simultaneous selections on two or more races with the intent of pressing the winnings of the first win on the bet of the following race selected, and so on. All the selections made must win for you to win the parlay.
Part Wheel - Using a key horse or horses in different, but not all possible, exotic wagering combinations.
Photo Finish - A photo is automatically taken as the horses pass the winning line and when the race is too close to be judged the photo is used to determine the order of finish.
Pick Six (or more) - A type of wager in which the winners of all the included races must be selected.
Place - Finish in the top two, top three, top four and sometimes also top five in a competition or event. A Place bet will win if the selection you bet on is among those placed. Usually, a horse runs a place if it finishes in the first three in fields of eight or more horses. If there are only six or seven runners the horse must finish first or second to place. Different sportsbooks have different Place terms and you should check their rules before placing a bet. (See ‘Each Way’ UK.)
Post Time - Designated time for a race to start.
Price - The odds
Punter - Bettor or investor.

Q-R

Quiniela (Quinella) - Wager in which the first two finishers must be picked in either order. Payoff is made no matter which of the two wins and which runs second. (’Reverse Forecast’ in the UK. See Wagers for Quiniela variants.)
Racecard - A program for the day’s racing.

S

Scratch - To be taken out of a race before it starts. Trainers usually scratch horses due to adverse track conditions or a horse’s adverse health. A veterinarian can scratch a horse at any time.
Show - Third position at the finish.
Show Bet - Wager on a horse to finish in the money; third or better.
Sportsbook - The person, shop or website who accepts bets.
Sprint - Short race, less than one mile.
Superfecta - A bet placed on four horses to cross the finish line in exact chosen order.

T

Thoroughbred - A Thoroughbred is a horse whose parentage traces back to any of the three ‘Founding Sires’ the Darley Arabian, Byerly Turk and Godolphin Barb, and who has satisfied the rules and requirements of The Jockey Club and is registered in ‘The American Stud Book’ or in a foreign stud book recognized by The Jockey Club and the International Stud Book Committee. Any other horse, no matter what its parentage, is not considered a Thoroughbred for racing and/or breeding purposes.
Ticket - The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager. The ticket is necessary to collect the dividends.
Tote Board - The (usually) electronic totalizator display in the infield which reflects up-to-the-minute odds. It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc. Also known as the ‘Board’.
Trifecta - A wager picking the first three finishers in exact order. Called a ‘Triactor’ in Canada and a ‘Triple’ in some parts of the U.S. (’Tricast’ in the UK.)
Trifecta Box - A trifecta wager in which all possible combinations using a given number of horses are bet upon. The total number of combinations can be calculated according to the formula (x3)-(3×2)+(2x), where x equals the amount of horses in the box. The sum of the formula is then multiplied by the amount wagered on each combination.
Triple - (Also ‘Treble’) See ‘Trifecta’ above.
Trotting - A term for harness racing in general. It also describes the specific gait of a trotter.

U-V-W–X–Y–Z

Underlay - A horse racing at shorter odds than seems warranted by its past performances.
Wager - Another term for bet.
Wheel - Betting all possible combinations in an exotic wager using at least one horse as the key. See ‘Part Wheel’
Win Bet - Wager on a horse to finish first.
Yielding - Condition of a turf course with a great deal of moisture. Horses sink into it noticeably.