HORSE RACING BETTING IN SINGAPORE
As one of the classic types of sports betting in Singapore, horse racing is arguably one of the best games any player can bet on. Its fast-paced action and high stakes bet are only some of the many reasons that make the game as popular as they are today.
However, since it is not like the usual sport that you can watch on TV compared to the games of football and basketball, understanding the betting process of horse racing can be more complicated for some.
But set aside your worry, because we have your back here at SGCasinoInsider! Allow us to introduce you to the world of horse racing betting in the simplest way possible. If you’re a Singaporean bettor, it is now your perfect chance to add another highly entertaining not to mention rewarding sport to your list.
Understanding Horse Racing Odds
You may have heard it many times now, choose a game that has great odds, but really what does the term odds even mean? If you found yourself asking the same question, now you don’t have to.
Simply put, odds represent the prices and payouts shown at a horse track. For instance, odds of 2-1, simply show how much you could win (first number) and the amount you need to bet (second number). Thus, you can have $2 for every $1 that you bet.
Like in any other type of sports betting, horse racing odds can be represented by two formats: fractional (e.g. 4/1) and decimals (e.g. 5.00).
However, in terms of reading the horse racing odds, it will be a different discussion. To do so, you need to be familiar with these four:
The Morning Line
Basically morning lines are the odds placed on each horse by the track’s handicapper. But currently, they are not that common since they change so much as more bets are placed.
Changing Odds
As the name suggests, these odds change depending on how many bettors are wagering on the horse until post-time.
Favorites
Like in other sports, there would always be a crowd’s favorite, or in the case of horse racing betting, the horse that is most likely to win. But if in any case, there is more than one horse with the same odds of winnings, it will be displayed as “JF” or joint favorite.
Probability
Fractional odds indicate the likelihood of an occurrence. For example, 1/1 means equal success and failure, giving a 50% probability. A 2/1 on the other hand will explain that the chances of failure are higher, equating to a 33% probability. The higher the denominator, the lower the probability of success.
Horse Racing: Popular Tournament to Bet On
If you really decide to bet on horse racing, rest assured that you will never run out of options to choose from, especially in terms of the biggest horse racing event to place your wager.
Kentucky Derby
Ever since the first Kentucky Derby started in 1875, it remains to be the biggest race in U.S horse racing. It is also one of the most prestigious tournaments available in the best online betting site in Singapore. Although it only lasted for 2 minutes, it never fails to deliver new heights of excitement, suspense, and full amusement.
Singapore Gold Cup
Another horse racing tournament not to be missed is the Singapore Gold Cup! It is held annually every November at Singapore Turf Club, open for horses aged three and older. Since it was inaugurated in 1924, it has been considered the biggest horse race in the country of Singapore.
Queen Elizabeth II Cup
As the name suggests, this tournament is a tribute to the late Queen Elizabeth II. It was first established in 1975 by the Royal Hong Kong Jockey Club, and since then it has been celebrated annually every April at a distance of 2,000 meters on turf.
Lion City Group
Considered the finest domestic event in Singapore, the Lion City Cup is a 1,200-meter weight-for-age event. The winner of the cup will receive $300,000.
And many others!
Aside from the much-awaited tournaments above, your options also extend to Kranjie Mile, Singapore Derby, and Raffles Cup.
How Do You Bet in Horse Racing?
The thrill of betting on a race horse is surely undeniable! Even more with the anticipation for a potential win as your horse comes really close to the finish line. If that wouldn't give you an exhilarating experience, then what is?
So it is totally understandable if one of the main reasons why you’re here at SGCainoInsider is because you want to get started with your betting journey. After all, that’s exactly what we will give you and even more.
The first thing that you need to do is to conduct research. Not only about the game itself but also about the right betting site where you can bet.
Perhaps, you’re searching for the best online casino in Singapore, if so, you’re definitely in the right place! They have the best lineup of gaming platforms that are not only reputable but also have the best betting features that you will enjoy.
Once you’re done choosing the right platform, you can now just easily follow these easy steps below:
- Create an account
- Make a deposit
- Choose the race you want to bet on
- Select the best bet type
- Place you wager
- Enjoy the game
Popular Horse Racing Betting Markets
If you’re still having a hard time with all of the horse racing terminologies that you need to be familiar with, you are not alone. But don't worry because we can also help you with that!
Let’s start with the best horse racing betting types that you’ll need to know!
- Win Bet: This is one of the simplest forms of betting that you can opt for. You will just simply choose a single horse that will most likely cross the finish line first.
- Place Bet: In this bet, the horse you bet on doesn’t necessarily need to finish first, they can either finish in first or second.
- Shows Bet: In a show bet, you can still win your bet as long as your horse can finish either first, second, or third.
- Exotic Bet: It consists of two types of bet: horizontal and vertical bet. To win in a horizontal bet you need to select the winner of consecutive races before the first of the series begins. Whereas vertical bet requires you to pick the correct finishing order of the race.
Common Horse Racing Betting Mistakes to Avoid
Before we end, let us first cover the most common horse racing betting mistakes to avoid. You may be playing on a reputable platform and know how the game works, but like other online casino Singapore games it doesn’t guarantee your hundred percent chance of winning.
The good thing is aside from understanding the game, you can do some things to increase your odds of winning, one of which is by being aware of the common mistakes to avoid including the following:
- Not doing research
- Ignoring horse and jockey form
- Overlooking track conditions
- Misunderstanding odds and payouts
- Chasing losses
- Emotional betting
- Uninformed betting
- Unrealistic expectations
- Ignoring weather conditions
- Overvaluing favorites
Place Your Bet Today!
Some may think that horse racing is only for royalty or high-class levels of society, but it is far from the reality. Especially its betting aspects. As long as you have your reliable betting site, understand the betting odds and know the basics of the game, the chance of experiencing the thrilling game of horse racing is right at your disposal.
So if you want to start betting today, and you know how the game works, then by all means go for it. The top betting site in Singapore is just waiting for you!