When it comes to betting, Singaporeans know that there are only two ways for them to enjoy horse races. They either bring their wagers to Singapore Pools (typically with fewer options) or play through online horse betting sites. But regardless of the platform, bettors need to familiarize themselves with the different types of horse betting. With this knowledge, the first step to winning highly depends on knowing how horse betting works.
Two Classification of Horse Betting
Like any other betting game, some categories are beginner-friendly, and others are complex. In horse betting, we have what we call straight wagers and exotic wagers. So, let’s read the distinguishing features between these two.
- Straight Wagers is best for beginners because it is simple and inexpensive. For most tracks, it only requires a bettor a minimum wager of $2. However, there are different types of straight wager types that one can choose from before placing bets.
- Win – nothing is more straightforward than this. All a bettor needs to do is bet on the horse that will finish first. This bet has the highest payout among other straight wagers but has the most significant risk.
- Place – it’s as simple as choosing a horse to bet on that will win either first or second place. However, this wager type pays less than the win wagers in online horse betting in Singapore.
- Show – this time, you bet on whether the horse you pick wins first, second, or third place. There is a greater chance of winning this game because hedging is possible. But, winning a pay is significantly lower than the first two mentioned straight wagers.
- Exotic Wagers–allows multiple bets on multiple horses within a single wager. It is more complex than straight wagers, which will require more knowledge and skill in picking horses. It is considerably costly but does offer higher returns.
Check out this infographic by Junebet66 to know other horse betting types.
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