Horse Race Betting: Rules and Terms
A total of six racing authorities conduct official horse races in India, and these races transpire across nine different race tracks situated all over the country. Find all your Indian horse race tips here!
The main turf clubs which conduct horse races across India are:
- Bangalore Turf Club
- Hyderabad Turf Club
- Royal Calcutta Turf Club
- Royal Western India Turf Club
- The Mysore Race Club
- Madras Race Club
The horse race season in India is modeled after the British races. India essentially has five noteworthy races which are considered classics and these take after the British classic races. The five classic horse race events in India are as follows:
- The Indian 1000 Guineas – December
- The Indian 2000 Guineas – December
- The Indian Oaks – January end
- The Indian Derby – First Sunday of February
- The Indian St. Leger – September
Brief note on horse race betting
Indian laws do not entertain gambling, even casinos are barred across most of India with the exception of a few union territories and states. However, the law has been kind to horse race betting. According to the law books, horse race betting is considered a skill – based game and it does not solely rely on luck. Therefore, the laws allow real money betting on horse races on this basis.
Top Bookmakers for Horse Racing in India
Betway – Betway is a well known and reputed sportsbook which was founded in 2006 and is still going strong as one of the world wide webs best sportsbooks. Betway is highly regulated and fair in every way.
Bet365 – Think about betting on sports online and one brand name that everyone knows is Bet365. Bet365 is arguably the most popular online sports betting website in the world. They market heavily through televised adverts in the UK and other countries. They claim to be the “worlds favorite online sports betting company” and given their popularity, they very well could be.
Bodog – Bodog may not be as well – known as Betway and Bet365 around the world, but they certain have a huge capture in the Indian market, and especially for Indian horse race betting.
Royal Panda –When it comes to betting options, deposit options, easy site navigation and customer service, Royal Panda checks all boxes. Royal Panda accepts Indian Rupees directly which makes it appealing to Indian punters who do not need to go through currency conversion for every transaction they make.
Commonly Used Terms in Horse Race Betting
Across the Board – 3 in one bet which includes a win, a place and a show. If the horse wins, you collect three ways, if horse places second, you collect two ways and if the horse ends up third, you collect one way.
All-Age-Race – A race that allows horses that are 2 years old and above
Apron – The paved area which is placed in the middle of the racing track and the grandstand
Average-Earnings Index – a comparative stat which showcases the earning of a horse as compared to other horses in the race.
Breeder – The person that owns the dam at the time of foaling. However, if the dam was leased or under foal – sharing at the time of foaling, the breeder/s in this case is the person specified in the documents.
Broodmare – A mare of a filly that has been bred and used for produce foals
Bookmaker –The organization or individual that accepts and pays off bets on horse racing events at odds which are published prior to the race
Chestnut – a chestnut colored horse ranges between the colors of red, yellow, golden – yellow, red – yellow.
Cooling out – the process of letting a horse’s body temperature come back down to normal, usually accomplished by light walking around. This is done after the horse has just exercised or run a race.
Daily Double – the two races from the day is picked by the bookie. You need to predict and be right about which horse will place first in each of the two races to win the daily double
Dam – The mother of a foal
Derby – A race for three-year-old horses
Exacta – Select two horses in the same race and if your selections place both 1st and 2nd you win the (you need to specify the order too) exacta bet
Exotic – Any wager other than a win, place of show is considered an Exotic
Field – refers to all the horses in a race
Filly – A female thoroughbred that is either four years of age or under and has not been bred.
Flat race – The race is not a flat piece of land with no inclination
Front-Runner – A horse which takes the lead early and attempts to hold on to it till the finish line
Gate – also called starting gate is where the horses are held with the jockey on the horse, just before the race is flagged off
Handicap – A race where a track handicapper assigns the weights that need to be carried
In foal – A pregnant mare is said to be in foal
Jockey – the rider of the horse
Key Horse – a horse which is used in multiple combinations in an exotic bet
Late Double – A second daily double which is offered after the first daily double and usually towards the later part of the race event
Mane – The fur at the crest of the horse’s neck
Mare – A female horse that is five years or above, or a younger horse that has given birth
Maiden – A horse which is yet to win a race
Near side – The side on which the horse is mounted (the left side of the horse)
Overlay – A horse which is offered at higher odds by the bookie without clear reason
Owner – The person who owns the horse
Pick 3, Pick 4, Pick 6 – Similar to the daily double but instead of just two races, you need to select winners for 3 races, 4 races and 6 races respectively
Parlay – A multi race bet in which winnings are then used to wager on the next race
Place – your horse needs to finish 1stor 2ndto guarantee return on the bet
Quinella-Exacta – Select two horses in the same race and if your selections place both 1st and 2nd you win the (irrespective of order) quinella bet
Rail runner – a horse that stays close to the inside rail while running a race
Saddle – the seat on a horse, usually kept as light weight as possible
Superfecta – You need to predict and select the 1st, 2nd 3rd and 4th place horses exactly right
Show – your horse needs to finish either 1st, 2nd or 3rd to guarantee return on the bet
Trifecta – You need to predict and select the 1st, 2nd and the 3rd place horses exactly right
Thoroughbred –A horse whose lineage can be traced back to any of the three founding sires on both the dam and sire sides
Trainer – the person who tends to the horse and trains the horse to race
Underlay – A horse whose odds are shorter than expected
Veterinarian –the person that advises the racing authority on all regulatory aspects on the application and practice of veterinary medicine at the track
Work – to work a horse is to exercise a horse
Frequently Asked Questions
Horse race betting is not all about luck. If you follow the sport and understand horses, categories and forms going into an event, you can actually apply your knowledge and make winning bets. Therefore, you have some control over the outcome. Luck is still involved, but not as much as in other forms of betting where it is all about blind luck. Therefore, betting on horse racing could even be a good form of secondary income for those that know what they are doing.
First, you need to sign up with an online bookmaker. In India, the leading online horse racing portals are the likes of Bet365 and Betway. Once you register and create an account with the online bookmaker, you can make deposits using credit cards, debit cards, e – wallets, etc. and then make real money bets as you please. The bookmaker will publish the odds for the different events, horses and bets.