For anyone interested in betting in horse races, it is not at all difficult to get started. It would be good to understand the concept of horse racing ante post betting first. To simplify things, the term ante post means bets that are placed at least one day before an event which, in this case, is a horse race. Bets are placed earlier than the declaration stage or months before the actual race. The declaration stage happens at 10 am before the scheduled race begins. All ante post betting are closed when the final declaration stage is finished.
Horse Racing Ante Post Betting
Bets placed after the declaration stage will be subjected to the “No runner, No bet” policy. This policy states that your money will be refunded if your selected horse does not run in the scheduled race. On the contrary, if the bet was placed during the ante post and the chosen horse does not participate in the race, you automatically lose and no refunds will be given. Because the bet is void, stakes are also lost. This is the major disadvantage of ante post betting. Bets are accepted all in, whether the horse runs or not.
Bigger Odds Apply
Despite the drawback, one advantage of horse racing ante post betting is that it gives the punter greater rewards than waiting for the final declaration. This is because horses are priced differently and usually higher. A group of experts or bookmakers does this by setting up a starting price based on the prevailing betting odds on ante post market. This is determined according to the consensus of all bookmakers based on the fluctuating prices at the race track. The main function of having a starting price is to know the return bets won during the horse race. Thus, using this kind of betting can give the punter better odds than placing his bet on the day of the race. Aside from that, winnings are exempted from the Tattersall’s Rule 4 deductions.
Make Sure it’s a Runner
Now, here are some things to keep in mind before placing an ante post bet in a horse race. Horse racing ante post betting is like a long term investment because the money will be pretty tied up for days, weeks or even months. It is very risky so punters should make sure that their selected horse will actually participate in the race. To make the most out of the bet, do a background check on all the runners or the horses in the ante post market that will participate in an upcoming big horse races like Cheltenham Festival, Kentucky Derby, 1000 and 2000 Guineas, Aintree Grand National, Breeders Cup, Dubai World Cup to name a few.
It is also noteworthy to remember that when there is an error in settling the bet at the right place term and price during the time of acceptance, only the markets’ administrators are allowed to correct the place terms and prices that were available during the time when the bet is placed. While ante post betting in horse races could be profitable, it also requires diligence in background checking and prudence in actually choosing which horse to bet on and how much money to put in.