Gambling has long been associated with horse racing, dating back to ancient Rome. As the best thoroughbred races have become more and more exciting to watch, this form of entertainment has spread almost all over the world. Nowadays, you can watch these high-speed equestrian competitions anywhere, even in Nigeria, where you can place monetary wagers on your not-so-far-fetched hopes of winning large cash prizes for betting on the fastest steeds.
Our guide covers the basics of how to bet on horses. However, we take it a step further and offer tips on upcoming horse races you can bet on in Nigeria. Keep in mind: Even though betting on horse races is an age-old pastime, that doesn't mean you shouldn't keep up with the times and the latest trends.
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Horse Racing Betting Guide
- How Horse Racing Betting Online Works
- How to Use Horse Betting Strategy
- Best Horse Races for Nigerians
How Horse Racing Betting Online Works
Placing a bet on horses online is quite simple. It is not very different from placing a bet on horses in a traditional setting. However, punters need to know a few things first - mainly what the different types of bets mean and what to look for when trying to find the best horse racing odds. This is the purpose of our tutorial. We are here to help you and we want you to be successful. With that in mind, we have listed some of the most popular types of horse racing bets in Nigeria.
Types of Horse Racing Bets
The best horse racing betting markets are available at the leading betting sites in Nigeria. And you, as a horse racing bettor, need to understand these markets inside and out if you want to both enjoy the live spectacle of the sport and walk away with some hard cash after the final photo finish. To get you on the right track towards this dual goal, today we present a quick overview of both the basic bets and the more advanced options you need to consider.
Straight Line Horse Racing Bets
For those new to horse racing, straight bets are the best option. They do not require bettors to have a thorough understanding of the world of horse racing, and even better, they are quite inexpensive. Some of the simplest straight bets are as follows
- Wager to Win - players bet on the horse they think will win the race and finish first.
- Place Bet - As the name implies, you are predicting where your chosen horse will finish.
- Show Bet - NG bettors wager on a horse to finish in the first three positions of the race. This means that you win if you predict your favorite to finish first, second or third.
- Win-Place Show Bet - This bet checks all the boxes and refers to a situation where your chosen horse finishes in first, second, or third place.
Once you have established a good winning streak, you can move on to more complicated bets that have a much higher payout potential.
Exotic Horse Race Bets
Exotics give bettors a chance to win a lot more money by increasing the number of scenarios in a horse race that you can bet on. For an exotic bet to win, all of the predicted outcomes must be correct - there is no room for error, which makes these bets as exciting as they are rewarding. Here are a few types of exotic bets on a single race that you will come across at online bookmakers in Nigeria.
- Exacta - In this bet, the punter predicts two horses to finish first and second. You only win if the horses finish in the exact position predicted.
- Quinella - unlike the exacta, quinella bets are predictions on two horses to finish first or second in any order.
- Superfecta - similar to the trifecta, but the difference is that you pick four horses instead of three. You also win in the order in which you placed your bet.
- Trifecta - this is a bet on the three best horses to finish first, second and third in the exact order you have selected.
- Hi-5 - bettors pick the first five finishers of a horse race in any order to win.
It's also possible to bet on multiple races at once, which can increase your payout if you win. However, these bets are a little different from straight bets. They definitely carry more risk. But they can up the ante on your potential reward.
- A bet called a Daily Double works the same way as a race-to-race parlay. You pick the winning horse in two consecutive races; if you do, you win the bet. A bet called a Daily Double works the same way as a race-to-race parlay. You pick the winning horse in two consecutive races, and if you do, you win the bet. Now, given that a race-to-race parlay is not a very good payoff bet, do you think a daily double bet is?
- Choose 3 - Similar to the Daily Double, bets increase the number of winners to three in a row and all horses must win in their respective contests.
- Pick 4 - Bets can be placed on the winners of up to six consecutive races and if a better hits all six, he or she wins a bonus of up to 1,000 times the original wager.
How to Use Horse Betting Strategy
Use your fresh knowledge and bet on horses today. The variety of bets should not intimidate you. If you consult our Nigerian horse betting tutorial, you will discover that it is not too hard to understand. The professional tipsters who run our outfit have been betting on horses for years and have now determined, with some justification, that certain betting strategies have a much higher propensity to win than others. So here are some pretty basic horse betting tips that we think will serve you well.
- Look for the best odds and try to pick the occasional upset. Most of the time, when the horse is predicted to win, it's at a low payout, and that really defeats the purpose of betting.
- Sign up with a sportsbook that offers the best horse racing bonuses. This will boost your bankroll and give you a chance to get used to the game without losing any of your own money.
- Check out these top horse betting sites. They pay the most. When it comes to horse racing, an individual usually doesn't win if they use a handicap to determine the outcome. Still, when *Lady Luck* is riding with you, the *payouts* can be huge.
- Focus on which horses are in the pole position as they tend to do well. Pay attention to the order of finish as it is related to the pole position.
Best Horse Racing Events for NG punters
- Breeders’ Cup World Championships
- Triple Crown
- Kentucky Derby
- The Preakness Stakes
- Belmont Stakes
- Prix de l’Arc de Triomphe
- Melbourne Cup
- Durban July
- The Sun Met
