Guide to Betting on Horse Racing

Updated: February 20, 2025 at 10:56 am GMT+0

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A sport associated with betting, horse racing is a fan favourite with punters. But it’s not the easiest sport to understand, particularly if you are new.

There are some aspects, rule 4 deductions the perfect example, which are complex for even the most experienced punters, so you can always spare time to brush up on everything racing.

Here we focus solely on this sport, and everything surrounding it, so we have guides to bet types which are used for horse racing, as well as the key aspects of the sport, and how it all works.

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Craig Jones

Craig Jones has been working in the sports betting and gambling industry for more than 20 years. With a wealth of in-depth knowledge, Craig has written for Free Bets for almost a decade, providing our readers with expert opinions and transparent reviews.

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#	Outcome The outcome of the race you would like to discover your potential return for.	Odds The odds the bookmaker is offering.	Place Odds The fraction of the odds you will win as part of the each way bet. This will be noted by your bookmaker.	Rule 4 The amount that will be deducted from your winnings should a horse withdraw from the race. This will be noted by your bookmaker.
1	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
2	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds

#	Outcome The outcome of the race you would like to discover your potential return for.	Odds The odds the bookmaker is offering.	Place Odds The fraction of the odds you will win as part of the each way bet. This will be noted by your bookmaker.	Rule 4 The amount that will be deducted from your winnings should a horse withdraw from the race. This will be noted by your bookmaker.
1	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
2	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
3	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds

#	Outcome The outcome of the race you would like to discover your potential return for.	Odds The odds the bookmaker is offering.	Place Odds The fraction of the odds you will win as part of the each way bet. This will be noted by your bookmaker.	Rule 4 The amount that will be deducted from your winnings should a horse withdraw from the race. This will be noted by your bookmaker.
1	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
2	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
3	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
4	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds

#	Outcome The outcome of the race you would like to discover your potential return for.	Odds The odds the bookmaker is offering.	Place Odds The fraction of the odds you will win as part of the each way bet. This will be noted by your bookmaker.	Rule 4 The amount that will be deducted from your winnings should a horse withdraw from the race. This will be noted by your bookmaker.
1	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
2	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
3	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds
4	Outcome	Odds Numerator Odds Denominator Odds in decimal format Odds in American format	Place Odds	Place Odds