Diamond Headquarter Horses is the leading site where you can read about horse breeding and horse racing in general.
Written by horse racing enthusiasts, our goal is to promote information that is crucial for those enthusiasts who love to bet on their favorite thoroughbred horses.
We offer strategies that maximize your winnings and minimize your losses.
Welcome to Diamond Headquarter Horses. Are you a fan of horse betting? Or maybe, you are thinking of investing on some race horses? If so, we offer a good amount of information that allows you to make good decisions. We cater articles that promote smart betting especially when it comes to first timers.
Horse Race Betting
Over the years, betting has grown in popularity. Horse betting is one of those activities that have been a mainstay hobby for a lot of men. Just like the casino, it attracts a good number of individuals who love the thrill of winning big. However, if you are not careful, it is also possible that you end up losing a good amount of money on your bets. If you want to know more about horse racing, here are some things that you need to know.
Do your research
To minimize losses, you will need to do your research. You need to watch a lot of horse races in order to find yourself comfortable about your predictions. You may also want to skip the betting part first. You can just enjoy the races and see how far your predictions are going.
Know the type of bets that you can go for
There are different types of bet that you can go for. These three types of bets include win, place, and show. First, a win bet is the type of bet that predicts the winner of the race. It is the most basic and easy to understand type of bet. Next, a place bet is the type of bet that allows you to win if the horse won first or second place. And third, you have a show bet which means that the horse you are rooting for can win first to third place.
Now, how much money do you get from these types of bets? A win bet will give you more winnings than a show bet.
Just like any type of game that you bet on, there will be the odds. The odds can change right up until the beginning of the race. There are those who simply follow the popular bet, hoping that everyone is correct. Unfortunately, this isn’t always a good strategy. There are those upsets wherein a dark horse can take the entire race. Thus, you still have to understand the game fully before you make a bet.
Odds for instance showed 4-5 odds. What this simply means is that your $5 bet can give you $4 once the horse wins it depending on the type of bet that you made. Horses that are not considered a favorite is called a long shot. For the long shot horses, there are those that have 20-1 odds. That means winning $20 for every $1 bet.
Other types of bets
There are also other types of bets that you can go for. These are called exotic bets. For instance, there’s the exacta. That’s a bet that allows you to pick two horses that you think will take first and second place. They should come in exact order.
Trifecta, on the other hand, is a type of bet that allows you to bet the first to third horses in exact order. And lastly, you have the superfecta that gives you the chance to predict the first to fourth place in exact order. It is harder to win in exotic bets. However, if you really know the horses, why not? It can give you a good amount of money if you win.
Ownership of the thoroughbred horses
Over the years these types of horses were owned by wealthy individuals. There are even instances when there are partnerships. There are groups that own multiple thoroughbred horses that have been known in the racing circuits.
Commercial breeding began after the Second World War. This has been the practice in North America, Europe, and even in Australia and parts of Asia. A lot of these sales took place in auctions, while there are a few ones that included private sales. A lot of these horses cost close to a million dollars. In 1976, Canadian Bound was the very first Thoroughbred racehorse that was sold for $1 million.
There are also a number of monthly expenses related to these types of horses. Trainers, jockeys, and insurance premiums are some of the usual expenses that go hand in hand with the ownership of thoroughbred horses. According to experts, the cost of training these horses can cost around $35,000 for major race tracks.
Different kinds of racing
There are different types of races that a thoroughbred horse can participate in. You have flat racing and jump races. However, when it comes to the most significant race, it’s called Group races.
Industry of breeding horses
Today, breeding is a huge industry. It offers millions of jobs all over the world. Though the attention given to horse racing is somewhat limited and not really as popular to the general public, it has generated a good amount of money especially in winnings.
When horses retire, their owners are also using them for stud service. Some would even have a stud service of $150,000. Normally, after retirement, this is what happens to horses that have performed well. Unfortunately, some are just euthanized after.READ MORE