Most Popular Horse Racing Bets
While it may not get as much attention as football betting, betting on horse races has been going strong for centuries. It’s a bit hit around the world thanks to the growing popularity of online betting sites. They’ve brought welcomed changes to horse race betting, introducing new markers and generous odds that both new and seasoned horse race punters love.
Betting on the winner of a horse race is great until you see what other bets are there. In this guide, we’ll take a look at the most popular horse racing bets and their potential returns as well.
Singles
Betting on singles means betting on one horse to pass the finish line first. It’s the most popular and simplest horse race bet you can put your money on. The horse racing odds for this bet can vary greatly. Favourites will get the shortest odds, but you’ll likely find better values if you look down the list.
While horse racing odds for underdogs may look well, we wouldn’t go all-in on them. Instead, find the middle ground. A horse that can surprise everyone. While simple, this type of bet requires research, including taking a look at the horse’s form over the last few races.
Doubles
Most horse races feature different events, and with the doubles bet, you can bet on a pair. Instead of choosing one winner on a selected race, you can choose two for a pair of races. The odds will multiply if you hit a winner, so it can be a lucrative bet.
Trixie
Similar to doubles and singles, Trixie bets allow you to bet on the winners of 3 different events. They are highly popular at major events such as the Gold Cup or the Grand National.
Patent
The patent bet allows you to put wagers on 7 bets of equal value on 3 different events. For example, you can place 3 singles and 3 doubles in addition to one treble. The horse racing odds for this bet can take your wins much higher than the first 3 bets on this list.
Accumulator
Horse racing accumulators work in much the same way as in football. You can choose various bets on one single slip, creating a giant bet that can deliver a life-changing prize. However, if one leg fails, you lose it all, so don’t go overboard with accas.
Yankee
Feeling adventurous? The Yankee bet is a special exotic horse racing bet where you wager on 11 bets of equal value on 4 separate events. If you’re not feeling confident in your horse race betting skills, it’s best to stick to the simpler bets.
Lucky 15
The same goes for the Lucky 15, which has helped some punters win staggering amounts of money. As the name suggests, it involves 15 bets of equal value on 4 separate events. It’s bit more oriented toward experienced punters who want to try something riskier than singles.
Lucky 31
Those who aren’t afraid of high risk-high reward horse racing bets should try their luck on the Lucky 31. It consists of 31 equal value bets over 5 selections, including 5 singles, 10 doubles, 10 trebles, 5 four-folds, and 1 five-fold accumulator.