Register here: http://gg.gg/wzymq
What is a Show Bet?
We take a look at Open and Fixed Win bets in this week’s edition of our horse racing player education series. Open Win Bet This is when the selected horse wins, paying out a Totalisator dividend determined by the size of the pool and number of winning bets on that particular horse. (No fixed odds are agreed at the time the bet is placed. Show Bet - Horse Racing Understanding Horse Racing Show Bets A Show bet is one of the easiest bets you can make in horse racing: simply pick a horse to finish in the 1st, 2nd or 3rd position in a given race. If your horse runs first or second or third: you win your Show Bet.
When you bet to show your horse must finish first, second or third in order for you to cash a ticket.
The problem with show betting is that while your risk is reduced (you cash a ticket if your horses finishes anywhere in the top three positions), the payoffs are often very small when compared to win or place betting. This is because the show pool (all money wagered to show on a race minus the track takeout) must be divided equally and paid out to the holders of show tickets on the first three finishers in a race.
Additionally, the payoffs on show bets are dependant on which horses finish in the top three positions. If the favorites run out of the top three positions, the show payoffs will normally be higher than if the favorites finish in the first three positions.
A Win Place and Show bets are the simplest forms of horse racing wagering also known as Straight Bets or Traditional Bets. K 9 poker. This type of wager is where most people who have never wagered on horse racing would start. Some might just pick their favorite number, color or a funny or meaningful name.
*How does win, place and show betting work in horse racing? Win, place and show bets provide the most simplistic and straightforward betting opportunities in horse racing and are the easiest to understand, especially when you are a newcomer. When you choose a win bet in horse racing, your selected horse needs to win the race outright.
*In 1975, the state of Florida enacted a purse-distribution format that has had revolutionary implications for the sport of horse racing in the United States: Its adopted plan provided 1% of the purse to all finishers in the race lower than fourth; this meant that the percentages paid out to the horses finishing second, third and fourth (but not first) became variable, depending upon the size of the field. For example, if a.
There are a few situations, however, when show betting can be either justified or just plain fun.
The first situation occurs when a race includes one short-priced favorite and ALL other runners in the race are longshots. In this scenario, the favorite will sometimes pay as much to place and show as it does to win.
The second situation in which show betting can offer a good payoff is when you really like a horse to win, and you think the favorite or favorites can finish out of the money. In this case, you have reduced your risk by betting to show while also having the opportunity for a decent payoff. In this scenario, betting your selection across the board (win, place, and show) might also be a reasonable option.
One of the most popular low-risk show wagering strategies (and the most fun), is to play a show parlay. Starting with whatever amount you are comfortable with, you play a horse to show. If your horse finishes in the first three, you take all the winnings and bet them back on the next race to show. You’d be surprised how quickly this can add up to a substantial amount.
For example:
In the first race of your parlay you bet a horse to show, and it finishes in the top three and returns $3 for a $2 show bet. If you had wagered $10 to show, you would now have $15.
In the second race you bet your $15 to show and your horse finishes in the first three, returning $2.80 for a $2 show wager, and increasing your bankroll to $21 (7.5 * 2.80). You have now doubled your original $10 stake.
In the third race you bet your $21 to show and your horse finishes in the first three and returns $3.60 to show. You now have $37.80 (10.5 * $3.60).
In the fourth race you bet $37 to show, and your horse again finishes in the first three. You’re on a roll! This time your horse pays $3 to show for a $2 wager, and you have increased your original $10 to $55.50 (18.5 * $3). If you keep going it won’t be long before you have increased your initial stake of $10 to over $100.
Titanbet sports. The best way to play a show parlay is to set a reasonable goal of how much you want to win and to keep betting the show parlay until you get there. You then start over. If you don’t make it to your goal on the first try, you have only lost $10.
Show parlays are affordable, fun and can be lucrative. They give you action on every race at a very low cost and the closer you get to your monetary goal, the more the tension and excitement builds.
Limited bankroll? Enjoy yourself by betting to show!
Up To 5% Rebate!
Friendliest Racebook & Best Betting Software In-Season TracksGulfstream PicksWin, Place, Show – How To Bet On Horses
WIN (W) bets require that a horse finishes in 1st place.
PLACE (P) bets require that a horse finishes in 1st or 2nd place.
SHOW (S) bets require that a horse finishes in 1st, 2nd, or 3rd place.
I’m going to use the diagram (of the finish of a race) below to answer some common questions on the Win, Place, Show bets. The Tote-Board Win odds are above each horse in parenthesis.How do you calculate the expected payout for a Win Bet?
*Win payouts are based on a $2 wager. Multiply the Tote-Board odds times $2 and then add the $2 wager back.
For example, #8 is (7-1), so 7 x $2 = $14, Add $2 = $16 payout.
*To calculate prices for odds other than X-1, simply convert the (fractional) odds to a decimal equivalent and do the same calculation.
For example, odds of (8-5) equals 1.6 x $2 = $3.20, Add $2 = $5.20 payout.
*I always do this mental conversion to decimal equivalents for clarity in my own mind. In fact when I jot down the Tote-Board odds on my sheet they are always in decimal format. For Example:Tote-BoardDecimalPayout(9-2)4.5$11.00(7-2)3.5$9.00(5-2)2.5$7.00(9-5)1.8$5.60(7-5)1.4$4.80(4-5)0.8$3.60What does it mean to bet a horse “Across the Board?”
This is just a shorthand way for making a Win, Place, and Show bet in equal amounts. For example, if you bet #8 for $2 Across the Board in the above race, your bets would be $2 to Win, $2 to Place, and $2 to Show for a total of $6 wagered.
In this example, a $2 WPS wager on #8 returned $28 ($16w + $7p + $5s).
To continue with the example, the same $2 WPS bet on #6 would have cost $6, but only returned $3 since the Show ticket is the only one cashed.What happens if I bet a horse to Place and he wins the race?
You get the Place price only. So $2 to Place on #8 returns $7.What Does Win Place And Show Mean In Horse Racing TransformedCan you calculate the expected Place price based upon the Win odds?
Win, Place, and Show wagers are all placed into separate Pools. So the anticipated Place price cannot be directly calculated based on the Win odds. In addition to that, the Place price is dependent on exactly who the 1st and 2nd place finishers are in the race. For further explanation on this point, keep reading.
Let’s change the order of finish slightly by switching the top two horses #8 and #2.
The former payouts are shown on the left for comparison, and the new payouts are shown on the right.
Since #2 is now the winner, his payout line is switched to the top of the chart. He pays $12 for a win ticket because his odds are 5-1. Formula (5 x $2) + $2.
Notice that the #8 place price stayed exactly the same ($7), as did the #2 place price ($6). That is because the same two horses finished in the top two positions, just in reverse order.
Now let’s change the order of finish again by pushing the #8 horse back to 3rd place and moving the #6 horse up to 2nd place.
Since #2 remains the winner, his Win price ($12) does not change. However, notice that his place price decreased from $6 to $5. Why? Because more total money was bet on #6 (the new 2nd place horse) to place than on #8 (the former 2nd place horse). This is reasonable, considering that the Win odds on #6 are 3-1, while the Win odds on #8 are 7-1.
Generally the amount of money bet on a horse is proportionate between the Win, Place, and Show pools. The simple reason why the payout is less for Place and Show wagers (compared to Win) is that the payout pool is being divided by two horses for Place and three horses for Show.
You can conclude from this information that your best return from a Place or Show wager generally happens when the favorite(s) does not finish “In The Money” (The Top Three Spots). Unless of course you bet on the favorite, which is another story!
There are a lot of opinions on whether or not it’s even wise to make Place and Show bets, as opposed to just Win bets, but we’ll save that topic for a future article.Win Place Show Definition
Select “Get Started” from the menu above for a complete list of articles about Handicapping and Wagering. For example, Racing 101 has several articles about the basics of Horse Racing. And Meet The People has interviews with trainers (e.g. Christophe Clement), Jockeys (e.g. Gary Stevens), and on-track personnel (e.g. Maggie Wolfendale).
By Neal Benoit
Register here: http://gg.gg/wzymq
https://diarynote.indered.space
What is a Show Bet?
We take a look at Open and Fixed Win bets in this week’s edition of our horse racing player education series. Open Win Bet This is when the selected horse wins, paying out a Totalisator dividend determined by the size of the pool and number of winning bets on that particular horse. (No fixed odds are agreed at the time the bet is placed. Show Bet - Horse Racing Understanding Horse Racing Show Bets A Show bet is one of the easiest bets you can make in horse racing: simply pick a horse to finish in the 1st, 2nd or 3rd position in a given race. If your horse runs first or second or third: you win your Show Bet.
When you bet to show your horse must finish first, second or third in order for you to cash a ticket.
The problem with show betting is that while your risk is reduced (you cash a ticket if your horses finishes anywhere in the top three positions), the payoffs are often very small when compared to win or place betting. This is because the show pool (all money wagered to show on a race minus the track takeout) must be divided equally and paid out to the holders of show tickets on the first three finishers in a race.
Additionally, the payoffs on show bets are dependant on which horses finish in the top three positions. If the favorites run out of the top three positions, the show payoffs will normally be higher than if the favorites finish in the first three positions.
A Win Place and Show bets are the simplest forms of horse racing wagering also known as Straight Bets or Traditional Bets. K 9 poker. This type of wager is where most people who have never wagered on horse racing would start. Some might just pick their favorite number, color or a funny or meaningful name.
*How does win, place and show betting work in horse racing? Win, place and show bets provide the most simplistic and straightforward betting opportunities in horse racing and are the easiest to understand, especially when you are a newcomer. When you choose a win bet in horse racing, your selected horse needs to win the race outright.
*In 1975, the state of Florida enacted a purse-distribution format that has had revolutionary implications for the sport of horse racing in the United States: Its adopted plan provided 1% of the purse to all finishers in the race lower than fourth; this meant that the percentages paid out to the horses finishing second, third and fourth (but not first) became variable, depending upon the size of the field. For example, if a.
There are a few situations, however, when show betting can be either justified or just plain fun.
The first situation occurs when a race includes one short-priced favorite and ALL other runners in the race are longshots. In this scenario, the favorite will sometimes pay as much to place and show as it does to win.
The second situation in which show betting can offer a good payoff is when you really like a horse to win, and you think the favorite or favorites can finish out of the money. In this case, you have reduced your risk by betting to show while also having the opportunity for a decent payoff. In this scenario, betting your selection across the board (win, place, and show) might also be a reasonable option.
One of the most popular low-risk show wagering strategies (and the most fun), is to play a show parlay. Starting with whatever amount you are comfortable with, you play a horse to show. If your horse finishes in the first three, you take all the winnings and bet them back on the next race to show. You’d be surprised how quickly this can add up to a substantial amount.
For example:
In the first race of your parlay you bet a horse to show, and it finishes in the top three and returns $3 for a $2 show bet. If you had wagered $10 to show, you would now have $15.
In the second race you bet your $15 to show and your horse finishes in the first three, returning $2.80 for a $2 show wager, and increasing your bankroll to $21 (7.5 * 2.80). You have now doubled your original $10 stake.
In the third race you bet your $21 to show and your horse finishes in the first three and returns $3.60 to show. You now have $37.80 (10.5 * $3.60).
In the fourth race you bet $37 to show, and your horse again finishes in the first three. You’re on a roll! This time your horse pays $3 to show for a $2 wager, and you have increased your original $10 to $55.50 (18.5 * $3). If you keep going it won’t be long before you have increased your initial stake of $10 to over $100.
Titanbet sports. The best way to play a show parlay is to set a reasonable goal of how much you want to win and to keep betting the show parlay until you get there. You then start over. If you don’t make it to your goal on the first try, you have only lost $10.
Show parlays are affordable, fun and can be lucrative. They give you action on every race at a very low cost and the closer you get to your monetary goal, the more the tension and excitement builds.
Limited bankroll? Enjoy yourself by betting to show!
Up To 5% Rebate!
Friendliest Racebook & Best Betting Software In-Season TracksGulfstream PicksWin, Place, Show – How To Bet On Horses
WIN (W) bets require that a horse finishes in 1st place.
PLACE (P) bets require that a horse finishes in 1st or 2nd place.
SHOW (S) bets require that a horse finishes in 1st, 2nd, or 3rd place.
I’m going to use the diagram (of the finish of a race) below to answer some common questions on the Win, Place, Show bets. The Tote-Board Win odds are above each horse in parenthesis.How do you calculate the expected payout for a Win Bet?
*Win payouts are based on a $2 wager. Multiply the Tote-Board odds times $2 and then add the $2 wager back.
For example, #8 is (7-1), so 7 x $2 = $14, Add $2 = $16 payout.
*To calculate prices for odds other than X-1, simply convert the (fractional) odds to a decimal equivalent and do the same calculation.
For example, odds of (8-5) equals 1.6 x $2 = $3.20, Add $2 = $5.20 payout.
*I always do this mental conversion to decimal equivalents for clarity in my own mind. In fact when I jot down the Tote-Board odds on my sheet they are always in decimal format. For Example:Tote-BoardDecimalPayout(9-2)4.5$11.00(7-2)3.5$9.00(5-2)2.5$7.00(9-5)1.8$5.60(7-5)1.4$4.80(4-5)0.8$3.60What does it mean to bet a horse “Across the Board?”
This is just a shorthand way for making a Win, Place, and Show bet in equal amounts. For example, if you bet #8 for $2 Across the Board in the above race, your bets would be $2 to Win, $2 to Place, and $2 to Show for a total of $6 wagered.
In this example, a $2 WPS wager on #8 returned $28 ($16w + $7p + $5s).
To continue with the example, the same $2 WPS bet on #6 would have cost $6, but only returned $3 since the Show ticket is the only one cashed.What happens if I bet a horse to Place and he wins the race?
You get the Place price only. So $2 to Place on #8 returns $7.What Does Win Place And Show Mean In Horse Racing TransformedCan you calculate the expected Place price based upon the Win odds?
Win, Place, and Show wagers are all placed into separate Pools. So the anticipated Place price cannot be directly calculated based on the Win odds. In addition to that, the Place price is dependent on exactly who the 1st and 2nd place finishers are in the race. For further explanation on this point, keep reading.
Let’s change the order of finish slightly by switching the top two horses #8 and #2.
The former payouts are shown on the left for comparison, and the new payouts are shown on the right.
Since #2 is now the winner, his payout line is switched to the top of the chart. He pays $12 for a win ticket because his odds are 5-1. Formula (5 x $2) + $2.
Notice that the #8 place price stayed exactly the same ($7), as did the #2 place price ($6). That is because the same two horses finished in the top two positions, just in reverse order.
Now let’s change the order of finish again by pushing the #8 horse back to 3rd place and moving the #6 horse up to 2nd place.
Since #2 remains the winner, his Win price ($12) does not change. However, notice that his place price decreased from $6 to $5. Why? Because more total money was bet on #6 (the new 2nd place horse) to place than on #8 (the former 2nd place horse). This is reasonable, considering that the Win odds on #6 are 3-1, while the Win odds on #8 are 7-1.
Generally the amount of money bet on a horse is proportionate between the Win, Place, and Show pools. The simple reason why the payout is less for Place and Show wagers (compared to Win) is that the payout pool is being divided by two horses for Place and three horses for Show.
You can conclude from this information that your best return from a Place or Show wager generally happens when the favorite(s) does not finish “In The Money” (The Top Three Spots). Unless of course you bet on the favorite, which is another story!
There are a lot of opinions on whether or not it’s even wise to make Place and Show bets, as opposed to just Win bets, but we’ll save that topic for a future article.Win Place Show Definition
Select “Get Started” from the menu above for a complete list of articles about Handicapping and Wagering. For example, Racing 101 has several articles about the basics of Horse Racing. And Meet The People has interviews with trainers (e.g. Christophe Clement), Jockeys (e.g. Gary Stevens), and on-track personnel (e.g. Maggie Wolfendale).
By Neal Benoit
Register here: http://gg.gg/wzymq
https://diarynote.indered.space
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