Horse Betting at Betiton™ NZ
Last Updated: 19-07-2022 09:28
Horse racing, as the name easily implies, is an equestrian sport, meaning that it’s a sport which involves racehorses running over a set distance. Generally speaking, these horses are ridden by jockeys, riders that are trained to control a horse during a race. This sport has a very big following, meaning that horse betting is one of the most popular forms of gambling.
At the same time, there are different sorts of horse racing, each with their specific rules, racecourses, and so on. We’ll be looking at these in more detail in a later section. Moreover, there are also many prestigious races that fill this sport with excitement all year round.
In fact, you have races like the Auckland Cup; the New Zealand Derby; the Karaka Million; the Wellington Cup, and the list goes on. This means that our Kiwi bettors are going to have plenty of opportunities to get their fill of online sports betting on our sportsbook!
However, if you’re new to sports betting, online bookmakers, online gambling sites, and so on, you’re going to need to know some things before you go and stake your money. Not to worry, however, as we’re here to help you out!
What Are Horse Betting Markets?
Horse betting markets are the wagers on racehorses and races which you can find on our platform. In other words, these are the bets that you’ll be using to bet on horse races. These markets can be on anything that happens during a race.
We’ll be looking at a handful of examples of markets in the next section. However, before that: next to each market, there is the odds of that bet. This is a very important concept that we’ll be explaining in more detail later on.
5 Popular Horse Betting Markets for Kiwi Bettors to Enjoy
- Place Bet: when making this bet, you need to select a horse which you think is going to finish either first or second.
- Exacta: if you wish to win this bet, you need to correctly guess which horses will finish first and second.
- Trifecta: similarly, this bet requires punters to correctly guess the first 3 finishers, that is, the first, second, and third-place finishers.
- Superfecta: just like the previous market, punters need to successfully predict which racehorses are going to finish first, second, third, and fourth if they want to win this bet.
- Betting Without Favourite: with this market, the favourite of the race is taken out of consideration, giving you better odds as a result; and so, when choosing this market to bet on, bettors need to predict who is going to win the race in spite of the obvious favourite.
How To Use Our Horse Betting Markets
Can’t wait to bet on racehorses, huh? Well, the first thing that you’re going to need to do is create an account with us here at Betiton™ Bookmakers in New Zealand. Without an account with us, you won’t be able to place any wagers.
However, you don’t need to worry about any tedious KYC procedures and the like. Our account creation process is both smooth and straightforward. All you need to do is click on the red “JOIN” button, and fill in the required details.
Once that’s finished, simply click on “OPEN ACCOUNT” and you’re an official member of Betiton™ NZ! Next, you’re going to need to make a deposit. This is the money that you’ll be placing wagers with, which is why it’s important to make.
We provide a rather broad range of reliable and secure payment methods, which means that all your transactions are 100% safe with us! Finally, once all of that is done, you’re ready to bet on horse racing:
- On our sportsbook, look for our “horse racing” section and click on it;
- This takes you to all of our currently available markets on the sport;
- Feel free to browse through the markets that we offer until you find that you’d like to play;
- You’re also free to select multiple markets and play them as one bet;
- Once you click on a bet you’d like to play, it’ll show up on the betting slip on the right-hand side of the screen;
- On that same betting slip, decide on how much you’d like to bet by adjusting your stake;
- Once you’re satisfied with both your stake and your chosen bets, click on “PLACE BETS“;
- Enjoy your first horse racing bet at Betiton™ for Kiwi Bettors!
Is There Anything Else That You Need to Know Before Placing Your First Bet on Horse Racing?
When making your first deposit and bet on horses on our sportsbook, you can claim our new player sportsbet bonus! This is a $10 extra sportsbet that you can use on any race of your choosing. Consider it our thank-you gift for joining our platform!
However, you would do well to bear in mind that this bonus comes with conditions. You can find these conditions explained in detail in our T&Cs and bonus policy. Thus, we highly recommend that our Kiwi punters read both our T&Cs and our bonus policy.
A Brief Look at the Different Types of Horse Racing
Just like with nearly every other sport that exists in the world, there are many different types of horse racing out there. Each sort of horse racing has different rules, uses different equipment, or focuses on a different skill of the horse and jockey.
Moreover, it might also be good to know that different racehorse breeds will perform better in one type of race rather than in another. Unfortunately, however, we don’t have the space to go through all the types of horse racing, so we’ll settle for the main three:
- Flat racing
- Endurance racing
This is the most common form of the sport around the world. In this form of the sport, horses gallop from end to end of a generally flat racetrack (hence the name of the format). However, the shape of the racetrack can vary depending on the race.
Moreover, in this format, it’s the speed of the racehorse that’s usually tested. However, in some flat races, the stamina of the racehorse is put to the test instead. This largely depends on the length of the racetrack the runners run on.
This form of the sport is also known as “jump racing” because in these types of races, the horses are made to jump over obstacles. Thus, at the same time, these types of races also test the ability of the jockey to control his or her horse.
Finally, this last type of horse racing pretty much does what it says on the tin: it tests the endurance of a racehorse over a very long racetrack. Again, the length of the track differs according to the particular race. The races can start from 10 miles and go all the way to over 100 miles.
The Most Popular & Best Horse Racing Events for Kiwi Bettors to Bet On
- Auckland Cup
- New Zealand Cup
- Karaka Million
Bet On the Auckland Cup to Your Heart’s Content
The Auckland Cup is a Group 1 flat race run over 2 miles (that is, 3200 metres) at the Ellerslie Racecourse, in Auckland, New Zealand. It is held ever year and is organised by the Auckland Racing Club (or ARC for short).
Moreover, it is an open handicap race for thoroughbred racehorses of three years old and over. Its status as a Group 1 event means that it’s a highly prestigious and very important event. In fact, it is considered to be the ultimate highlight of the New Zealand racing calendar.
Considering the importance of the event, it’s quite easy to surmise that only the best horses in the country compete. If you would like to bet on this top-quality and top-of-the-line race, look no further than our sportsbook here at Betiton™ NZ!
Place Your Wagers on the New Zealand Cup
The New Zealand Cup is the first contender as the biggest race in the New Zealand racing calendar. Indeed, many do consider it the most important race in New Zealand. The New Zealand Cup is part of a three-day long festival at Riccarton Racecourse in Christchurch.
The event is contested on the final Sunday of the festival. Much like the Auckland Cup, the New Zealand Cup is raced over 2 miles, or 3200 metres. Also like the Auckland Cup, the event is handicap race for three-year-old thoroughbreds and over.
Just like the previous event, this is one of the top races in the entirety of New Zealand. This of course means that some of the best runners and jockeys are going to compete in the event. Lastly, you can rest assured that you’ll be able to find heaps of markets on this event on our sportsbook.
Play Your Stakes on the Karaka Million
Whilst it may be shorter than the aforementioned races, the Karaka Million of 1200 metres is not any less popular. Joining it is the Karaka Million 3 YO Classic of 1600 metres. The races are open for two-year-old and three-year-old thoroughbreds respectively.
The Karaka Cup is also hosted at the Ellerslie Racecourse in Auckland. And just like the previously mentioned races, this is also a flat, handicap race. Finally, these events are the richest in New Zealand, with an astounding prize of $1 million.
With a jaw-dropping prize like that, it would take the best runners and jockeys of the country to win! This makes it the perfect occasion to enjoy a couple of bets. Thankfully, you can find plenty of markets to bet on this event on our sportsbook!
The Last Things You Need to Know About Horse Betting: What Are Odds & Tips?
Before we can close off this page and send you on your merry way to play some bets on horses, there’s just a couple of things that you’re going to need to know left. These things are quite important in the world of sports betting as they can make a significant difference in the way you bet. So, be sure to read the following sections if you want to improve your horse betting!
What Are Horse Racing Odds?
First things first, we have horse racing odds. These are the numbers that you’ll usually see next our markets on racehorses and they are important for a couple of reasons. Firstly, odds tell you how much money you’d win from a successful bet.
Secondly, they also tell you what your chances of winning your bet. Hence, you can easily understand why it’s important to understand the odds! It’s also equally important to balance the profitability and probability of a bet when carefully considering what to bet on.
Finally, it might be useful for you to know that bookmakers and online gambling sites themselves calculate the odds. They will use various factors in order to calculate these numbers, including a horse’s track record, the weather on the day of the race, etc.
Figuring Out the Odds: How to Read the Various Formats
The first step in understanding the odds on our platform is knowing that there are 3 formats that are used to represent the odds. These formats are the fractional, decimal, and American formats. There are 2 main differences between the three.
These formats differ in how they represent the odds but also in where in the world they happen to be used the most. Other than these 2 differences, the formats are completely interchangeable, and choosing one is merely a matter of preference.
Lastly, each format has its own way of being understood, so to speak. Thus, if you want to be able to understand each format, you’ll have to understand how each format works. We’ve already explained how the odds formats can be understood, so we suggest checking out our explanations.
In Case You Need Assistance: What Are Horse Betting Tips?
The final concept that we’ll be going over on this page is horse betting tips. These are pieces of advice on which racehorse you should back in whichever race you decide to bet on. Tips are given by sports experts known as tipsters.
These are dedicated sports pundits that will analyse various factors in order to give educated guesses of which racehorse or horses stand the best chance of winning a race. These are the very same factors that bookmakers and online gambling sites use to calculate the odds.
There are various sorts of tipsters out there. For example, certain tipsters will provide their tips for free. At the same time, there are others that require you to pay for their tips. This is generally in the form of a subscription to their sites.
Where Do You Find Betting Tips & Tipster Sites for Horse Racing?
Finding tips and tipster sites is a rather straightforward affair as all you need to do is look them up on your preferred search engine. However, our best tips are to never bet more than you can afford, make time for important things in your life, and always gamble responsibly.
Other Sports to Bet On:
- Another kind of racing that we failed to mention in this page is harness racing! Of course, it stands to reason that harness racing betting is as exciting as wagering on horse racing. For those of you that would like to try out harness racing betting, our platform has plenty of markets on the sport!
- Of course, there is more to animal racing than merely horses! In fact, there is also greyhound racing! We know that our Kiwi punters love greyhounds betting, which is why we have stuffed our platform to the brim with greyhound markets!
- We offer markets on plenty of other sports other than racing sports. First of which is the most popular sport in the world: football! Our bettors from New Zealand that enjoy staking on football betting markets are going to find tonnes of chances to enjoy betting on football.
- We would be silly if we didn’t include plenty of betting markets on New Zealand’s favourite sport: rugby union. Thankfully, our Kiwi punters can find heaps of rugby betting markets on our platform for them to enjoy!
- Last, but far from the being least, punters that enjoy cricket betting will find that our sportsbook is simply packed with markets on cricket.
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Horse Betting FAQs
What are furlongs in horse racing?
A furlong is a unit of distance that is used exclusively in horse racing to measure the length of a track. One furlong is equal to 220 yards, or 1/8 of a mile, or 201.1 metres.
How are horse racing handicaps calculated?
Handicaps are assigned to horses according to their rating. A racehorse’s rating is based on how it’s performing in a number of races. These ratings change every week and are assigned by the horse racing authority of a particular jurisdiction.
What does the rating mean in horse racing?
The rating of a racehorse indicates how well or poorly the racehorse has been performing in its most recent races.
Can you bet on horse racing live?
Absolutely! Our live or in-play betting feature allows you to bet on horse races live.
What is a roughie in horse racing?
A roughie is an Australian slang term for a horse that only has a very small chance of winning the race.
Can odds change after you place a bet on horse racing?
Yes, there is the possibility that the odds are going to change after making your bet. This depends on a number of factors, like the weather on the day of the race, injuries, and so on. However, do bear in mind that some odds are fixed odds. That means that the odds are set when you place the bet, and you know exactly what odds you will get.