Horse Racing Basics
The main object of betting on horses is to beat
the 'Oddsmakers' or the 'Odds Compilers' and win
some money. Additionally, placing a bet on your
favorite event makes the race exciting and more
Betting is done through Sports books or Sportsbooks
(US) and Bookmakers (UK) entities that accept
bets. You can bet on the outcome of horse races
and several sporting events.
To place a bet, you go to a sportsbook, physical
or online. You could also bet over the phone with
many sportsbooks. Note that a sportsbook is not
the same as an oddsmaker. The sports book simply
accepts sports bets. An oddsmaker is a person
who sets the betting odds.
You need to state what you are betting on by
making a selection, the type of bet and the amount
you are wagering. Your selection will obviously
depend on the odds offered, so you will want to
examine the range of odds available before you
make a decision.