Horse betting is a legal and thrilling form of gambling in the Philippines, alongside online lotteries, and it’s a prominent offering on Philippine online casino sites. Unlike lotteries, horse betting provides a dynamic and potentially rewarding experience for punters. If you’re new to horse racing, OKBet has got your back! Here’s what you need to know about the basics of horse betting.
Types of Horse Bets
Horse racing offers two main categories of bets: standard bets and exotic bets, each with its own unique characteristics.
Win: This is the simplest bet where you predict the horse that will win the race.
Place: Place your bet on a horse that you believe will finish in the top two positions.
Show: This wager covers a broader range, as you win if your horse finishes in the top three positions.
Exacta: Predict the top two horses in the exact order of their finishes.
Quinella: Similar to Exacta, but you win regardless of the order of the top two horses.
Trifecta: A more challenging bet where you select the top three horses in their exact finishing order.
Superfecta: The most complex bet, involving four horses that must finish in the exact order you choose.
Best Bet for Horse Racing
The best horse racing bet varies from person to person, depending on their preferences and risk tolerance. However, many experts agree that the simplest and often most rewarding bet is the “win” bet. It allows you to wager on the horse you believe is most likely to win the race without the complexities of predicting specific positions.
Betting on Horse Racing Online
Online horse race betting is gaining popularity in Singapore, Malaysia especially in the Philippines. To get started, follow these steps:
- Sign up for an account on a reputable online sports betting site, such as OKBet.
- Select the race you want to bet on.
- Choose the horse you believe will win.
- Pick your desired bet type from the menu.
- Deposit the appropriate amount.
- Click “Bet Now” to confirm your wager.
Cost of Betting on Horses
Horse race betting is affordable in the Philippines. The cost of bets depends on the type of bet you choose. Here are some typical costs:
Win and Place bets: P5
Place Forecast, Trio Forecast, Tierce, and Quartet: P2
Horse race betting is not only an exciting pastime but also a legalized and encouraged gambling activity in the Philippines. Give it a try and increase your chances of winning big.
Horse betting in the Philippines offers a unique and thrilling way to enjoy the excitement of horse racing while potentially winning big. Whether you’re a novice or an experienced punter, understanding the various types of bets, from the straightforward “win” bet to the more complex “superfecta,” is crucial to tailoring your strategy to your preferences.
Remember that horse race betting is a legalized and encouraged form of entertainment in the Philippines, offering a chance to join the action, experience the thrill, and potentially boost your chances of winning. So, dive into the world of horse betting and enjoy the excitement and anticipation of each race. Good luck!