Singaporeans love betting on horse racing SG because it makes their viewing experience more fun and exciting. Bettors can choose from several betting options available in an online casino in Singapore.
Exotic horse bets are among the most popular markets for bettors. Betting on exotics allows bettors to maximise their earnings by placing multiple horse wagers in one race or punting on a series of races. However, bettors must not let the possible massive payout entice them because of the risk and costly consequences of exotic betting.
What are Exotic Horse Bets?
Essentially, exotic horse bets are horse racing parlays requiring bettors to correctly guess the exact finishing order of runners in a particular race or the results of every race in a series. Exotic betting is prevalent among bettors because of its high reward turnout. Unfortunately, exotic wagers are pricey and highly risky.
Exotic betting is expensive because it involves more horses to cover all possible combinations. Bettors must not take the risk in exotics, especially if they have no sizable bankroll. Betting on exotic bets is also more difficult to win, as there are more runners to research and study. Formulating profitable strategies is no enough, and luck needs to come into play for betting winning odds..
Types of Exotic Horse Bets
There are two types of exotic horse bets offered by most betting websites and sportsbooks: horizontal exotic bet and vertical exotic bet.
Horizontal Exotic Bet
Horizontal exotic are multi-race parlays enabling bettors to bet on horses they predict will finish first in two to six races. Bettors trying their luck in horizontal exotic bets win once all of their selected horse tops the race. However, if one fails to do so, they lose their entire wager.
Bettors can place horizontal bets in the following ways:
• Daily Double: Bettor picks the two horses to take first place in two consecutive races.
• Pick 3: Bettor picks horses to take first place in three consecutive races.
• Pick 4: Bettor picks horses to take first place in four consecutive races.
• Pick 5: Bettor picks horses to take first place in five consecutive races.
• Pick 6: Bettor picks horses to take first place in six consecutive races.
Vertical Exotic Bet
In contrast to horizontal wagers, vertical bets are multi-horse parlays for one race. In this exotic betting type, bettors must correctly identify the finishing order of horses to win the prize.
There are three vertical wagers types: exacta, trifecta, and superfecta.
Exacta: Bettors bet on the top two finishers in order in a single race. For example, the bettor wagers for 2-3 exacta, with 2 as the first placer and 3 as the second placer. If both horses finish the race the way the bettor predicts it, he wins.
Trifecta: Bettors bet on the top three finishers in order in a single race.. For example, the bettor wagers for 4-5-1 trifecta, with 4 as the first placer, followed by 5 and 1 at second and third place. If the three horses finish the race similar to the bettor’s guess, he wins.
Superfecta: Bettors bet on the top four finishers in correct order in a single race. For example, the bettor picks 2-3-5-6 superfecta, with 2 as the first placer, followed by 3, 5, and 6 at second, third, and fourth place. If the four horses finish in the positions as predicted by the bettor, he wins.
Betting on exotic wagers comes at high risk and high cost although bettors can win large sums of money on them if their guesses are successful. To increase the chances of winning in exotic betting, bettors need to research thoroughly. Some things to look for are the horses’ racing history, the racetrack’s condition, and the jockeys. Being knowledgeable of these factors helps bettors make informed decisions when betting on exotic bets.