We have already covered odds, but now it is time to investigate the many different types of bet it is possible to place on this sport.
Not only can you bet on a horse to win a race or to come in the places, you can also pick out what is called a forecast, which involves picking out the horses you think will finish in first and second.
Various accumulators from a double to a 10-fold or even more can also be placed on horse racing betting sites, with the more selections you pick boosting your potential return but also reducing your chances of being a winner.
One of the most popular types of horse racing bet in the UK is the lucky 15, which involves four selections, which do not have to be at the same meeting or even on the same day.
A lucky 15 bet is so named because it includes 15 different bets – four singles, six doubles, four trebles, and one fourfold. You could also opt to place the bet each way, which would double the number of lines in the bet up to a total of 30, so small stakes are recommended for these bets.
The major benefit of the lucky 15 bet is that you will receive some winnings even if only one of your horses turns out to be a winner, while profits can be massive if all of your horses win.
As well as the many other types of accumulator you can place on horse races, you could also bet on the winning distance of a race or in some cases whether the trainer is from the UK, whether they are Irish, or if they are from elsewhere in the world.
You can also bet in advance on the biggest races rather than waiting for the day itself, which is called ante-post betting, while horse racing live betting is possible in play as well.