BETTING BASICS
Each horse is given odds based on its chance of winning. The shorter the odds (e.g. 2-1) the more likely, in theory, it is to win. If it does, your winnings in relation to your stake (amount betted) will be relatively low. A horse at long odds (e.g. 50-1) is known as an outsider and is less likely to win. However, if it does, your winnings will be much higher than your stake.
TOTEPOOL BETTING
You will find totepool betting windows all over the course with screens showing the estimated prices for each horse above them. These change depending on how much is in the pool for each horse. The favourite will be highlighted in a different colour. There are various types of bet you can have. The three most straightforward bets are:
Win - Pick the winner of the race. State the number of your horse and how much you want to place e.g. ‘No 8, £2 win’
Place - Pick a horse to be placed. This obviously increases your chance of winning but your odds won’t be as big. Normally a horse is placed when it finishes 1st, 2nd or 3rd. However for races of 15 or more runners, you’ll also receive money if your horse finishes 4th and if there are 7 or less runners, you’ll only receive money if your horse is 1st or 2nd.
Eachway - A win and a place bet on the same horse therefore increasing your return. However your stake will also be higher (i.e. when you place a £2 each way bet, you are actually staking £4 in total).