VSiN’s Mike Somich breaks down the differences between sports betting and horse betting.

Horse Racing 101 Betting Tips

Sports Betting vs. Horse Betting

There are some similarities and differences when you’re betting on traditional sports and when you’re betting on horse racing. Some of those key differences include how your bet is actually handled and who you’re competing against.

Example: You want to bet on the Chiefs to win the Super Bowl -1.5 points—you’re betting directly with the sportsbook, and those odds won’t change once your bet is made, even if the odds change closer to game time. It’s the fixed odds market. In horse racing, you are betting into what is called a pari-mutuel market, which is a pool divided by the number of winning tickets. And, because that pool remains open until the start of the race, the odds can dynamically shift based on all the bets that come in, thus changing your potential payout with a winning bet.

WATCH:

Betting on horse racing online has never been easier or more fun than with DK Horse. Add to the excitement of watching a race live by placing a wager on your picks and cheer them on to victory! Check out the upcoming horse racing schedule and bet on horse racing events, including the Kentucky Derby, Preakness Stakes, and Belmont Stakes, the premier races that make up the Triple Crown.

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