Hiking tips

Want to make a bet? Here are some tips for choosing a Preakness winner – NBC10 Philadelphia

Choosing a horse to win the Preakness Stakes is easy.

Placing a bet is as close as a mobile phone, tablet, computer or even a smart TV with internet access. But for the novice or inexperienced bettor, making a profitable bet can be a challenge: beginners need to know how to place a bet, who to bet on, and where to place the bet.

Simultaneous off-track streaming in over two dozen states provides a convenient alternative to the track. Of course, nothing beats the actual experience of walking to the betting window on the track.

It’s a good option if you can’t make it to Pimlico Racecourse, where thousands are expected for Saturday’s 147th Preakness Stakes and hoping to get some 6-5 action probably favorite. Epicenter.

Minimum bets and accessibility vary from state to state, but here are a few things to consider when placing a bet:

How to place a bet: the basics

The obvious bet is to bet on a horse to win. Choose one. But after that, it can get a bit trickier.

Bets can be made on a horse to win, place (finish first or second) or show (finish first, second or third) – or all three with an overall bet. An exacta involves choosing the first two horses correctly in order, or in any order with a combination known as a box bet (1-2 or 2-1, for example).

Superfecta bets (pick the first four horses) are also available, as are exotic bets such as Pick 3 and Pick 6 which require picking the winning horses in multiple races. A Pick 3 and a Pick 6 are the hardest to predict, resulting in rolling jackpots that can be very lucrative. But these are probably best left to more experienced bettors.

How to choose a horse

Determining who to bet on can start with a daily race program that lists participants for each race and information such as odds, jockey, trainer, silks, saddle towel color and past performance. They can be purchased on the track, on the simulcast site, or at a track website.

Initially, it will seem like a lot of numbers and statistics, but tracks and websites offer instructions on how to read and understand a program. One of the benefits of being on the track is seeing what the horse looks like in the paddock or during the pre-race parade. Appearance and temperament are important, so keep an eye on the horse’s ears to see how engaged the horse is to the atmosphere.

And there’s nothing wrong with playing on a hunch, because after all, it’s just a bet.

It’s the most prestigious prize in horse racing – and the most elusive

Place a horse bet online or from your phone

After learning what to bet and who to bet on, the next step is to place the bet.

Many sites such as TwinSpires.com – which is the online service of the Kentucky Derby Churchill Downs racetrack – Equibase.com and TVG.com offer betting at racetracks around the world. Betting is free, but will require a subscription to be set up and will require banking information to place bets and deposit winnings. These services even offer live streams and replays.

Although these sites are accessible via mobile devices such as smartphones and tablets, there are also dedicated horse racing apps that bettors can download. TVG is available on the Apple App Store and TwinSpires is available on both Apple and Google Play. The FanDuel app recently expanded into sports betting, but it’s only available in a handful of states. See the full list here.

Various online sites offer betting tips as well as news and updates. It’s the most convenient way to bet on marquee races such as the Kentucky Derby, Preakness and Belmont Stakes as the Triple Crown season unfolds. It’s also a good option for other marquee races during the year, such as the Travers Stakes and the season-ending Breeders’ Cup World Championships.

Is horse betting legal in my state?

While sports betting has grown in several states following the 2018 US Supreme Court ruling that states could legalize sports betting, most betting apps do not include horse racing. Even in most states that have legalized sports betting, placing a wager on horse racing is restricted to certain tracks or websites as the sport considers how to implement the new legislation.

The biggest betting sites like Twinspires.com, TVG.com and FanDuel are licensed by state gaming commissions. When creating an account, the site will let you know if you can’t register if you choose a state on the “illegal” list. In New Jersey, TVG.com operates under the brand 4NJBets, and in Pennsylvania as PABets.

These states have legalized horse betting (check with your state gaming commission for terms and conditions): Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky , Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota , Tennessee, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

It is the official cocktail of the “middle jewel” of the Triple Crown.

What are pari-mutuel payouts?

When betting, the longer the odds, the bigger the payout.

In horse racing, odds are not finalized until the start of the race. This is called pari-mutuel betting. This is different from sports betting where bettors get the odds available at the time they place their bet.

New Jersey tracks also offer exchange betting for horse racing, which differs from pari-mutuel betting. Exchange betting matches and lock in odds the moment a bet is placed and also allows betting while racing.

Know your limits

As rewarding as cashing in on a winning bet can be, the desire to win more or recoup inevitable losses can become intoxicating and risky. When novice or inexperienced bettors place bets on horse racing, it should be for entertainment, not income.

If you or someone you know has a gambling addiction, please call the National Council on Problem Gambling at 1-800-522-4700 to speak with an advisor. Help is also available through an online peer support forum at www.gamtalk.organd additional resources are available at CNPG website.