Let’s get to know about fixed odds horse betting. All the top-rated offshore books offer an online betting platform for betting on horse races. An online racebook offers fast and easy access to almost any track in the world running a daily card of races.
Never Miss the Triple Crown
Both offshore books and US-based online books will add futures odds for the biggest horse races on the annual calendar. You’ll find odds for the Triple Crown, including the Kentucky Derby as well as the Breeders’ Cup. However, offshore books have the ability to expand that offering through additional fixed odds betting options.
Fixed odds for horse betting is already popular in certain parts of the global marketplace. Yet, it is a relatively new concept for US horse bettors. The pari-mutuel betting system of collected money pools is the traditional means for setting odds for horse races.
As more money comes into the win pool for the favorite, that horse’s odds continue move accordingly. That particular entry may have opened as a 3/1 favorite on the morning line. By the time the race goes off, those odds could have easily dropped to 1/1 or lower.
Fixed Odds Horse Betting
With fixed odds for horse betting, you are able to lock in a horse’s odds when you place the wager. This gives you the chance to maximize betting value as opposed to seeing what the closing odds were as the horses are breaking out of the gate.
As mentioned, top offshore books have far more flexibility when it comes to offering expanded fixed odds options. They are collecting the money bet as opposed to betting directly on live track odds.
For the most part, fixed odds for horse racing is still offered through the sportsbook. However, this may change in the near future as a greater interest in fixed odds takes hold in the US market.
Horse Betting Fixed Odds – Head-to-Head Matchups
Another way that offshore books can expand betting options for horse betting is fixed odds for head-to-head matchups. The horse you wager on does not have to win the race. They do not even have to finish in the money. You can cash a winner as long as your horse ends the race in a higher finishing position than the horse they were pitted against.
While available on a wide-scale basis for bigger graded events, some offshore sportsbooks offer betting odds for head-to-head matchups on a regular basis.
Another great reason to bet on horse races through an offshore site’s online betting platform for its sportsbook or racebook is ongoing promotions.
Use Your Books Promotions
Some offshore books offer a daily rebate on all of your horse betting volume. You might be able to get as much as 7% of your online horse betting volume credited back into your online account regardless of whether you won or lost. Contests, bonuses and promos are things to look at when thinking about how to pick an online racebook.
Each of these types of promotional offers come with a full set of terms and conditions. The best course of action is to check with the offshore book where the wagers will be placed. Common restrictions apply for minimum bet amounts and actual participating tracks.
Overall, horse betting is an excellent way to diversify anyone’s sports betting strategies. A day at the track through an online betting platform can be even more profitable depending on the different betting options offered.
Fixed odds betting lets you lock-in that perceived value to earn the best return on your horse betting activity. Offshore books are leading the way when it comes to expanding their fixed-odds horse betting board.