Unlike in the days of old when owning a horse was a necessity for man as means of transport, horses are now just raised for sports and leisure. When there is a race track, put in the horses and jockeys, assemble a crowd and a race, and surely, horse betting or the 5 horse bet will have great appeal.
History of Horse Racing and Betting
Horse racing is a popular sport that can be traced as far back as in the civilizations and empires of Babylonia, Egypt, Ancient Greece. Despite the danger, chariot racing was quite popular back then and was even part of the Greek Olympics, and so was mounted racing.
In the United States of America, horse racing dates back to the 17th century around the time of the construction of the first race track in Long Island, the first in North America. The American Jockey Club was formed in the 19th century, .
In Asia, particularly in China, horse betting is ingrained in the Chinese culture. It was one of the favorite pastime of its aristocracy as early as 4th B.C.. The 5 horse bet accumulator and other types of betting most probably stemmed from this practice.
Different types of Horse Racing
There’s the most common called flat racing, wherein the horses gallop around the oval without hurdles as opposed to jump racing, classified as hurdling and steeplechasing based on the obstacles used. Then, there’s endurance racing, which is like flat racing except that this one, as the name suggests, goes for long lengths from 10 to 100 miles.
How to Place a Bet
There are many ways of horse betting, including the 5 horse bet depending on your taste for risk.
- Straight Wager
One can only bet on one horse. Under this strategy, one either puts one’s money on one pony to win, which means one gets to collect money if one’s chosen race horse finishes first.
Choosing place means one’s 5 horse bet can win if it finishes in the number one or two slots. Show is one’s best bet if one is not much of a risk taker and couldn’t decide if one thinks the horse and his jockey will be among the first three horses to finish the race.
When one chooses show, one gets more chances of winning but the pay-off is not that much compared to place and win. If winning is all you want, then pick this. But, if you want to take home big money, try your luck on putting a wager under win or place.
- Exotic Wager
Here, one is allowed to have a multiple 5 horse bet. Or, simply put, one should choose more than 1 horse. Best for newbies to stick to straight wagers since exotic punts are more complicated and harder to win with. But, payoffs for the latter is more rewarding.
There are 4 selections under Exotic:
- Exacta – one bets on two horses to win as first and second placers in precise order.
- Quinella – wherein the two horses are just expected to finish ahead of the pack. It doesn’t matter which came in first or second.
- Trifecta – one bets on 3 horses to finish as first, second and third in particular order.
- Superfecta – one bets for 4 horses to finish first, second, third and fourth in an exact sequence.
5 Horse Bet selections in a Lucky 31 Bet
A 5 horse bet can also be known as a Lucky 31. This is a combination wager consisting of 5 horses in different races. The bet combines the following: 5 singles, 10 doubles, 10 trebles, 5 four folds and a fivefold accumulator.
With this basic information, one should be ready and confident to make a bet on a horse race any day.