Horse betting is a field of gambling where players bet on horses in either live races or pre-recorded races. Horse bets are usually placed with the assistance of bookmakers, who are also known as pari-mutuel clerks. Horse betting was reported to have originated in Ancient Rome when cavemen wagers were made on which horse will win. Horse betting is a competitive industry that operates all over the world today, including Singapore.
In Horse betting, players have an opportunity to place bets on horses with varying odds and payouts depending on their choice of horse, as well as other factors such as jockey performance and weather conditions. Horse Betting in Singapore happens during live races. Horse betting Singapore players place bets at the Horse Betting Tote Machines located in Horse Betting areas.
Horse Betting Singapore Tote Machines – Horse Bettors are able to choose how much they want to bet on a horse by using the Horse Betting Singapore Tote Machine, which resembles an arcade game machine. Players may select different amounts of money that they desire to bet on a Horse. Tote Machines are located in Horse Betting areas. Horse betting Singapore players must also enter the Horse Racing Game Room before placing bets.
Horse Race Game Room – Also known as Horse Betting Area or simply Horse Betting, this is where players of Horse Betting place their bets. Players may choose to bet on a single race or on multiple races and also see the odds and payouts before placing any bets. There are usually at least eight different bookmakers, which all offer slightly different odds on each horse.
Horse Betting Odds
These represent the predicted chance of a particular horse winning the race. The top three horses in Horse Betting Singapore will receive payouts, with first-place usually receiving 50 percent of the pool and second and third places receiving 25 percent and 12.5 percent respectively.
Horse Betting Payouts
There is a difference between odds and payouts in Horse Betting Singapore. Odds represent the predicted chances of a particular horse winning as well as what players can win if they place bets on that particular horse. Payouts, on the other hand, represent how much players will receive after betting on that horse. Both odds and payouts are determined by factors such as jockey performance, weather conditions, etc
Horse Betting Singapore Players
Horse betting Singapore players earn points after they place bets on a certain horse that they believe will win. These points are added up and can be exchanged for prizes such as jackets, umbrellas, and Horse Betting bookmarks. There is usually a minimum bet requirement that varies from one venue to another so keep your eye out for this when betting.
Horse Betting Locations
Horse Betting Singapore horse races are usually held at the Singapore Turf Club, which has an average attendance of more than S$23 million in bets per season. The racecourse is open between 10 am and 6 pm on Fridays to Wednesdays. Horse Betting Tote Machines are located in Horse Betting areas such as outside the Singapore Turf Club and in shopping malls.