Are you a horse racing enthusiast looking for favorable odds? In this article, we’ll delve into the highly-rated horse racing odds at BetRebels, explaining their appeal and the latest rules in detail.
Types of Horse Racing Odds and Bets Commonly Found in Online Casinos
Win (and Each Way) Bets
You win if the horse you select finishes in first place.
A bet that combines a Win bet and a Place bet, splitting your stake evenly to reduce risk.
At BetRebels, when you click the checkbox for the chosen bet, it becomes an Each Way bet. During this process, odds are displayed as fractional values.
Example: Odds of 19.0 at 1/5
- Original Fractional Odds:
- Decimal odds of 19.0 correspond to fractional odds of 18/1 (19.0 – 1).
- Calculating the Place Odds:
- Adjust the fractional odds to 1/5 for the place portion.
- Converting to Decimal Odds:
- Add 1 to the fractional odds.
- Winnings:
- €10 × 4.6 = €46
- Total Winnings:
- Win Portion: €190
- Place Portion: €46
- Total: €190 + €46 = €236
How to Calculate Each Way Bets Using Decimal Odds
The place portion of an Each Way bet is determined from the Win odds using the following formula:
Each-way odds = ((Win odds – 1) / Denominator) + 1
- Win Odds: The decimal odds of your bet (in this case 19.0)
- Denominator: The fraction’s denominator for the Each Way multiplier (in this case 5, as in 1/5)
Concrete Calculation:
Each-way Odds = ((19.0 – 1) ÷ 5) + 1 = (18.0 ÷ 5) + 1 = 3.6 + 1 = 4.6
Place Bet 2/3/4
You win if your chosen horse finishes within the specified positions. Settlement conditions vary depending on the number of runners and the race format.
Forecast Bets
There are two types of Forecast bets:
A bet predicting which horses will finish 1st and 2nd in the exact order.
Example: You predict Horse A is 1st and Horse B is 2nd. You win if Horse A actually finishes 1st and Horse B finishes 2nd.
A bet predicting which horses will finish 1st and 2nd, regardless of order.
Example: You select Horse A and Horse B. You win if they occupy the top two positions in any order (A-B or B-A).
Tricast Bets
Tricast bets also come in two varieties:
A bet predicting which horses will finish 1st, 2nd, and 3rd in exact order.
Example: You predict Horse A (1st), Horse B (2nd), Horse C (3rd). If they finish in that exact order, you win.
A bet predicting which horses will finish 1st to 3rd, in any order.
Example: You select Horses A, B, and C. If these three fill the top three positions in any order, you win.
At BetRebels, if you choose specific positions, it’s a Straight bet; if you select “any order,” it becomes a Combination.
Summary: Straight vs. Combination
Straight Bet
You must exactly match both the horses and their finishing order. There is only one bet, and you place your stake once.
Combination Bet
Your chosen horses must finish within the specified places, regardless of order, increasing your chances. However, each possible combination is a separate bet, so the total bets and total stakes increase.
How to Bet on Horse Racing at an Online Casino (BetRebels Example)
This section explains how to place horse racing bets at BetRebels.
Step 1: Access the Horse Racing Section
Go to the Sports Page
From the BetRebels homepage, select the Sports section.
Select Horse Racing
From the menu, click Horse Racing.
Step 2: Select a Race
Pick a Race
Races with a check mark (✔️) have already finished. Choose a race without a check mark for an upcoming event.
Step 3: Choose Your Bet Type
1. Win Section
- Predict the Winner:
- In the Win section, select the horse you think will take first place.
- Select an Each Way Bet:
- You’ll see E/W 1/5 (3 places) on the bet slip, indicating the option for an Each Way Bet.
- Each Way Bet:
- Your stake is split into two: half goes to a Win bet and half to a Place bet.
- If the horse finishes in the top positions (usually top 3), you receive a payout on the Place portion.
2. Forecast Section
- Placing a Forecast Bet:
- In the Forecast section, predict which horse will finish 1st and which will finish 2nd.
- Predict 1st and 2nd in the exact order.
- Example: Horse A is 1st, Horse B is 2nd.
- This bet wins if your selected horses finish 1st and 2nd, regardless of order.
By the way… Tricast is also available.
Important Rules and Reminders
Non-Runners and Deductions
- Bets on withdrawn horses are void, and your stake is refunded.
- If other horses are withdrawn, a deduction may apply to net winnings, depending on the odds at the time of withdrawal.
Dead Heat Rules
- If your chosen horse finishes in a dead heat, your stake is divided by the number of horses in the tie, and the payout is calculated at full odds on the reduced stake.
Postponements and Rescheduling
- If the race is postponed to later on the same day and entries remain, your bet stands.
- If a race is canceled or declared void, or conditions such as track or distance change, the bet becomes void, and your stake is refunded.
Maximizing Your Odds at BetRebels
- Know the Rules: Understanding bet types, settlement rules, and deduction rates can give you an edge.
- Check the Latest Info: Keep an eye on racing news, non-runners, and shifting odds.
- Bet Strategically: Combine different bet types to spread risk and boost your chances.
Conclusion
Not only does BetRebels offer excellent horse racing odds, but it also provides a wide range of betting options and user-friendly rules—earning the trust of many fans. Why not enhance your horse racing experience by betting at BetRebels?
Master horse racing and odds to achieve your next big win!
Last Updated: November 11, 2024
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