Horse Racing WIN Bets
This is a fairly self-explanatory term in the often confusing world of horse racing terminology – one places a bet on the winner of the race.
How to place a Win bet: Pick a horse – because of known ability, fame of the jockey, or even the funkiest name on the track – and wager that this horse will cross the line first.
However, the bettor is not limited to one Win bet per race. You may bet on several horses to be victorious, which does improve the chances of a pay-off. For example: You place four Win bets for the one race and one of your chosen horses actually wins; although the money placed on the three which didn’t come first is lost, the bet placed on the winning horse still pays off.
How much exactly a winning bet pays you depends, naturally, on the odds of your horse of choice. You find the odds on your race card, in the right margin. It may look something like this:
|1||Tornado of Glory||9/2|
How betting odds work:
The principle of understanding betting odds is simple: Pay-Off/Wager.
Odds of 9/2 tell you that for every £2 you bet you will get £9 if you win. You bet £2 on Tornado of Glory, he wins, you get £11 back, your own £2 plus a £9 profit. With odds of 7/1 – in our case Doomsday Dancer – you get £7 for every dollar you bet or £14 if you risk £2.
You may have noticed that a win on Doomsday Dancer will pay off higher than a win on Tornado of Glory. This is because Tornado of Glory is the favourite, the horse most likely to win the race. Rule of the thumb: champion horse – smaller pay-off, underdog – massive pay-off. After the race your race card will show you the champion at the top, followed by the less likely candidates for a win. Towards the very bottom you will find horses with spectacular odds like 100/1, which are tempting but unlikely to pay off.