how does otb betting work?
603497
It works like this: Have each person ante up $5, and pool the money. Each person in the group picks one race and one horse to bet to show. Place the first bet, and if you win, parlay the money on the next race and horse. Your winnings can add up very quickly.
1133665
Back betting means putting your money on something to happen - a horse or a team or a player to win, for instance. Lay betting means betting on something not to happen.
384000
2HT: When you play this code, you are predicting that the away team will win the first half of the match even if they don't win the game at the final whistle. ... 1ST: This code means you are placing your bet on the home team winning the second half of the game even if they end up losing the game at the final whistle.
219301
A 'push' occurs when the result of a sporting event ends in a tie between the sports bettor and the Sportsbook. Neither party wins or loses. So, the original wager is refunded back to the sports bettor. Pushes in sports betting is not the worst thing in the world.
688842
An OTB does not takeout anything extra but rather makes it money from the racetracks. The amount taken out of a bet in the US depends upon the type of bet and the racetrack. WPS bets have the lowest takeouts , generally 16 to 19%. Exotic wagers like exactas, trifectas etc run in the 23 to 25%.
885577
In another development, BetKing has also introduced a Cash Out feature and are one of the very few who have made this feature available both for online and shop players. This feature allows punters to cash-out on a ticket even when some games are still running.
1025942
Since the payouts in totes bets are an approximation that gets better as the race draws nearer, it's often worth waiting before placing your bet. In contrast, if you really want to back the favourite, perhaps fixed odds are the best way to go (so you avoid your winnings being diluted as more people make the same bet).
1039001
On some matches you may see the spread expressed as "Pick" or "PK". This is also referred to casually as "a Pick'Em". This means the spread is 0 for each team, no points are in effect. If you bet on the pk or -0 spread on a team and that team wins the match 1 - 0 (or any other score) your wager is a winner.
380332
Outright bets are wagers placed on whole competitions rather than single matches. For example, bets placed on the winners of the Premier League in a given season, or the outright winner of the Wimbledon tennis tournament.
1073316
What's the difference between Tote and fixed odds? In a fixed-odds bet, the bookie determines the payout. In a Tote, the payout is determined by the size of the money pool collected by everyone who bets on the same event.
1088136
Basically, the three outcomes of a match between two teams are represented by either 1, 2, or X. This means 1 is for a home win, 2 for an away win, and X for the draw. ... The 1X2 bet is sometimes also available in handicap betting, as long as there's the possibility of a draw.
1353819
If you're new to betting, one of the first things you should do is learn how betting odds work. ... In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
790094
An Each Way (EW, E/W) bet is essentially two separate bets: one for the horse to win, the other for the horse to place in any of the place positions offered in that race. This means you can receive a return on your bet if your selection wins, but also if it just places.
223801
If there are fewer than 16 runners we will pay 4 Places (1/5 odds). 6 Places. If there are fewer than 24 runners we will pay 5 Places (1/5 odds). Doesn't apply to ante-post bets.
665807
A multi bet combines a series of single bets into one wager, the odds multiply with each additional leg of the bet. Each time a leg is successful, the winning dividend from that leg is wagered on the next leg. The more legs added to a multi bet, the greater the risk and, the greater the reward.
1456070
A teaser (or a "two-team teaser") is a type of gambling bet that allows the bettor to combine his bets on two different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.
1442387
Bet Over 2/2.5 Goals and you win at your matched price if there are 3 or more goals scored in the match. If there are 2 goals scored in the match half your stake lost and half your stake is returned. Bet Under 2/2.5 Goals and you win at your matched price if there is 1 or fewer goals in the match.