What is a Win Bet?

A WIN bet is probably one of the easier bets for first time punters to wrap their heads around. You simply pick the horse that you think will win the race, if your selection places first then you’re a winner. It’s all rather simple.

How to interpret the odds

Before we get into the nitty-gritty of horse racing betting, it’s important that you get to grips with how to read odds. Here at Hollywoodbets, you can read odds on our website as fractional or decimal. Each is explained below within the same scenario. In our scenario, we are going to take DO It AGAIN (the name of our chosen horse) to win the Hollywoodbets Durban July. In this example, we’ll say that DO It AGAIN’s odds to win the race are 8/1 (this is the fractional representation of the odds). this simply means that for every R1 you stake on DO It AGAIN to win the race, you could potentially win R8 back. so, if you stake R10 on the horse, you will bag R80 if it wins. the other way that these odds can be represented is in decimal form – 8/1 represented in decimal form is simply 8.0. the decimal representation simply shows you how much you’re likely to win for every R1 you stake on your selection.

Fixed odds vs Starting price

With Hollywoodbets, you can choose whether you want to take a bet on fixed odds or the starting price. the biggest benefit of fixed-odds betting is that you can immediately calculate your potential winnings based on the price of the horse. starting price means exactly that – you will get the price of the horse at the jump of the race. If you take a starting price win bet on DO It AGAIN, a week before the Hollywoodbets Durban July when the fixed odds price of the horse is 8/1, you don’t really know for sure what sort of price you will get at the jump of the race.

His price could shorten to 5/1 or drift out to 10/1. You can bag a lot more value out of your bets by combining all of your selections together in one bet. these types of bets are known as multiples or accumulators. similarly, to how single bets require your selection to win for your bet to be a winner, all of the selections that form part of your multiple must win in order for that particular multiple bet to be a winner. this is a versatile bet type that allows you to add selections from across different markets and sports. For example, you could have a horse to win in the first at Hollywoodbets Greyville, into the sharks to beat the Bulls, into Liverpool to beat Manchester United – it’s up to you to decide what you’d like to add.

Read more here: https://blog. hollywoodbets.net/understandingdifferent-horse-racing-bets/