12 Key Horse Racing Betting Terms Explained for new bettors
12 Horse Racing Betting Terms explained for beginners to kickstart your betting journey. Understand bets like Win, Place, Quinella, Exacta, Trifecta, and more.
Horse race betting online is one of the most entertaining forms of virual sports that you can enjoy on the W88 Mobile app or website. However, before you begin betting on the horse races virtually, it is important for you to understand the betting terms for horse races. Although most sports matches come with common bets, horse race bets offer you with new terms that are rare in sports betting. In this article, we have put together 12 helpful horse racing betting terms explained in simple words for beginners.
1. Win
The first word on our horse racing betting terms explained list is the word Win, which is a simple bet placed for horse race betting. Win bets basically lets you wager to predict who will win the horse race in the first place. So, here you pick one horse to predict that the horse you picked would win the race.
2. Place
Like most races, horse race betting also comes with 3 winners, the first, second, and third place winner. This is exactly what the next word on our horse racing betting terms explained list is about. To play the place bet, you must wager on a horse to finish in either of the top positions, which is the first place, second place, or third place.
3. Quinella (QIN)
The next word in this betting terms for horse racing list is Quinella or Qin bets. This is a betting option that lets you bet on two horses to predict that they will finish in the 1st or 2nd round, in any order. This betting option helps you increase your chances of winning while ensuring good payout returns. In some sportsbooks, this betting option is known as the Forecast or Forcast 2 bet.
4. Exacta (EXA)
Exacta or EXA is one of the betting terms for horse racing that is the opposite of the Quinella bet. Here, you must bet on two horses to predict that they will finish in the 1st or 2nd round in the exact order. This bet is less flexible as you must make a betting decision to predict the exact outcome. In sportsbooks, this betting option is also known as the one-way forcast bet.
5. Trifecta/Forecast 3
Trifecta or Forecast 3 is the next word on our horse racing betting terms explained list. This is a betting option in W88 Play sportsbook that lets you predict the top 3 winners the exact order. This means that you must bet on 3 horses and predict which of the three horses will place 1st, 2nd, and 3rd, in the exact order.
6. Trio (TRO)
The opposite of Trifecta bet that also provides flexibility is the word Trio or TRO which is another important horse racing betting terms explained in this list. This betting option that lets you place a bet on three horses to predict the 1st, 2nd, and 3rd place winner in any order. Since it lets you bet on three horses, this bet easily helps you increase your winning chances in virtual sportsbooks.
7. Quartet/Forecast 4
The last betting option related to the position of the horses at the end of the race is the word Quartet or Forecast 4. Just like Forecast 3, you must place a bet on 4 horses to predict the exact order. This is a rigid bet since it lets you bet on 4 horses for a race but here you must also predict the 1st, 2nd, 3rd, and the 4th exact position in which each of the 4 horses could place.
8. Handicap
Handicap is a familiar word in sportsbooks but when it comes to being one of the betting terms for horse racing it is slightly different. Just like handicap scores are given to a team before a match begins in sportsbooks, a handicap in horse racing is the weight added to a horse to slow it down and match the speed of the other horses to even out the results. In virtual betting, this is a number asssigned to a horse before the match to alter its score in the scoreboard at the end of the match.
9. Tote
Tote is one of the words on our horse racing betting terms explained list which is related mostly to offline horse race betting. Tote bets are pool bets where many bettors wager on a horse together, and the winners gets the entire betting stake amount split amongst them. This is common to the pot bet in poker games for live casino betting online.
10. Dead heat
A Dead heat can be considered a tie bet between two or more horses in a horse race. This means that when two or more horses finish the race at the exact same time then it is called a dead heat. When a dead heat occurs the betting payout is split between the bettors who wagered on either of the two or more horses that tied the race.
11. Value
In sportsbooks, there are betting odds provided to predict which horse is more likely to win and which horse is least likely to win. However, these are based on past predictions and in cases of virtual sports it is based on the RNG system. This leads to the odds fluctuating during the ongoing match based on the real outcomes. So, when a horse have higher odds that its actual chance of winning, these are known as Value bets.
12. Also ran
Also ran is one of the important words on our horse racing betting terms explained list. This basically refers to the group of horses that did not win the race but ran the race and were close to winning. For instance, the horse that placed fourth in the race but did not win the 1st, 2nd, or 3rd place bets, will be grouped as the also ran horse as it has potential to win.
Conclusion
These were the 12 Horse Racing Betting Terms Explained for beginners. Understanding this helps you easily wager on horse race betting in sportsbooks like W88 Malaysia. Horse race betting is offered in the virtual sportsbooks at W88 with low betting stakes so join the website today to kickstart your betting journey. For more articles related to horse race betting which includes betting guides, stategies to win, and pro insights, keep visiting our website.
