Horse racing betting systems pdf editor

A client 20 who originally placed an over bet 82A on Campbell could capitalize on the movement of the index number by requesting to terminate his original bet and receive a settlement payment i. To cash out an index bet 80, a client 20 may use any suitable betting system interface 14 to request that the index bet 80 be settled. Betting system platform 16 may receive the request, determine the appropriate settlement payment for the client 20, and cancel the original index bet Betting system platform 16 may also cause the payment of the settlement payment to the client 20, such as by communicating a message to a teller 30 approving the payment of the settlement payment, for example.

The quote may comprise an index number, such as described above, or pair of index numbers including an upper index number and a lower index number, thus creating a spread. In a situation in which the quote comprises a pair or spread of index numbers, an over bet 82A comprises a bet that the total number of units earned by the particular participant will be greater than the upper index number, while a lower bet 82B comprises a bet that the total number of units earned by the particular participant will be less than the lower index number.

In one embodiment, the payout is determined by multiplying the unit stake by the difference between the quote and the total number of units earned by the particular participant. Range Index Bets As discussed above, range index bets 84 comprise bets that the total number of units earned by a particular participant over a course of a plurality of events will fall within a particular range of numbers.

Betting system platform 16 may define or establish any suitable number of ranges for each range index bet 84, such as, for example, based upon an index number established by a track handicapper. If the jockey earned a total of points in the designated group of races, range index bets 84 on Range 3 would be winning bets. Each range of numbers may change for such subsequent range index bets 84, depending on the performance of the jockey up to that point. The ranges for a particular range index bet 84 may be determined based at least in part on an index number which represents the estimated or predicted total number of units that will be earned by the particular participant over the course of the group of events.

As described above, such index numbers may be determined by a track handicapper or otherwise by betting system platform 16 based on various parameters. The payout for range index bets 84 may be determined according to traditional pari-mutual principles. Suppose again that the jockey earned a total of , and that range index bets 84 on Range 3 are winning bets.

The payout for bets on Range 3 may be calculated as follows. Head-to-Head Index Bets Head-to-head index bets 86 comprise bets regarding the number of units earned by a particular participant over the course of the plurality of events as compared to the number of units earned by other participants in the plurality of events. For example, some head-to-head index bets 86 comprise a bet that the number of units earned by a participant will exceed an index number before the number of units earned by any other participant exceeds the index number.

Other head-to-head index bets 86 comprise a bet that a particular participant will earn more units over the course of the plurality of events than any other participant. For a particular group of events, betting system platform 16 may offer head-to-head index bets 86 for each of the participants participating in any of the group of events.

Alternatively, betting system platform 16 may offer head-to-head index bets 86 for only a particular subset of the participants participating in any of the group of events. For such situations, a head-to-head index bet 86 for a particular participant may comprise a bet that that participant will outperform such as by earning more total units or by being the first participant to reach a predetermined index number, as discussed above only those other participants for whom head-to-head index bets 86 are offered.

Thus, for example, if head-to-head index bets 86 are offered for only three drivers in a group of races, a head-to-head index bet 86 regarding one of the drivers comprises a bet that that driver will outperform the other two drivers for which head-to-head index bets 86 are offered, regardless of the performance of any other drivers in the group of races. For head-to-head index bets 86 that comprise a race to a predetermined index number, in the event that none of the participants reaches the index number, the participant with the highest total number of units would be the winning participant, in one embodiment, for the purpose of determining which head-to-head index bets 86 are winning bets.

In addition, in a situation in which two or more participants reach the index number in the same event, the participant with the highest total number of units after that event would be the winning participant for the purpose of determining which head-to-head index bets 86 are winning bets. The index number used for head-to-head index bets 86 that comprise a race to an index number may be determined by betting system platform 16 based on various parameters.

As with any of the types of index bets 80, head-to-head index bets 86 may be offered before the start of the first of the group of events, or after one or more of the events have occurred. Offering head-to-head index bets 86 which begin after one or more of the events have occurred may allow clients 20 who have missed one or more of the group of events, such as clients 20 arriving late at the track, to make head-to-head index bets In addition, offering head-to-head index bets 86 after one or more of the events may allow clients 20 more time to analyze various events or event participants.

The payout for head-to-head index bets 86 may be determined according to traditional pari-mutual principles. The payout for clients 20 who placed head-to-head index bet 86 on Smith may be calculated as follows. Purse Index Bets Purse index bets 88 may comprise any of the types of index bets 80 described above in which the relevant units is the amount of purse money earned or won by a particular participant in the plurality of events.

Thus, for purse index bets 88, the unit distribution structure is equal to the purse distribution structure for each of the events. Thus, instead of using points or some other form of units, purse index bets 88 are based on the amount of purse money won by the participant or the participant's horses over the course of the groups of events.

For one or more types of purse index bets 88, an index number may be determined which represents an amount of purse money to be earned by the participant or the participant's horses over the course of the groups of events. Unlike index bets 80 which are based on a point system as described above, purse index bets 88 distinguish between winning races with different size purses.

Thus, purse index bets 88 may distinguish between winning high-stakes or important races and winning an ordinary claiming race. To help clients 20 calculate the possible purse monies to be won in order to analyze and place purse index bets 88, betting system platform 16 may provide to clients 20 via one or more betting system interfaces 14 a breakdown of the amount to be awarded to each finisher or a particular number of top finishers in each event in the group of event.

Example multi-card index bets 90 may include bets regarding the jockey, driver or other type of participant of the week, month, season or year, in which the winning participant is determined in any of a variety of manners, such as by wins, purse money, or according to a unit distribution structure as discussed above, for example. In some embodiments, for particular head-to-head multi-card index bet 90, each multi-card index bet 90 regarding a particular participant comprises a first bet portion regarding the number of units earned by that participant in a subset of the plurality of events and a second bet portion regarding the number of units earned by that participant in the plurality of events.

For example, the first bet portion of each multi-card index bet 90 may comprise a bet that the number of units earned by the designated participant in the subset of the plurality of events will be greater than the number of units earned by any of the other participants in the subset of the plurality of events, while the second bet portion comprises a bet that the number of units earned by the designated participant in the plurality of events will be greater than the number of units earned by any of the other participants in the plurality of events.

For example, a particular head-to-head multi-card index bet 90 on a particular jockey Campbell may include a first bet portion regarding the number of wins that the jockey Campbell will win throughout June, and a second bet portion regarding the number of wins that the jockey Campbell will win throughout all of A predetermined percentage of the betting pool collected for such multi-card index bet 90 may be designated for each bet portion of the multi-card index bet A first payout amount may be determined for the first bet portion based at least on the collected betting pool and the predetermined percentage of the betting pool allocated for winning the first bet portion, and a second payout amount may be determined for the second bet portion based at least in part on the betting pool and the predetermined percentage of the betting pool allocated for winning the second bet portion.

The payout for such multi-portion multi-card index bets 90 may be determined as follows. Betting system interfaces 14 may include any suitable interface between a client 20 and betting system platform For example, as shown in FIG. Track interfaces 26 are generally located at a track, while off-track interfaces 28 are generally located at an off-track-betting OTB establishment, such as an OTB parlor.

Monitors 32 may include, for example, tote-boards or closed-circuit televisions located at a track or OTB establishment. In some embodiment, self-service betting machines 33 allow clients 20 to insert payment into the machine such as cash or by using a voucher or a credit or debit card , place one or more bets 80 and receive a printout such as a ticket, for example indicating the bet or bets placed.

Printouts for winning bets may be inserted into the self-service betting machine, such as to receive a payment voucher which may be used to receive a payout from a teller 30 or to place additional index bets In other embodiments, self-service betting machines 33 allow clients 20 to use a credit card, a debit card, or a smart card to place index bets The smart card may itself store information regarding a betting account and various bets, or may also be linked to a betting account using a centralized computer system.

In some embodiments, after the betting event is completed, a client 20 may insert or swipe his or her credit, debit, or smart card in the self-service betting machines 33 in order to update the balance on the card. Self-service betting machines 33 may also allow the client 20 to print out payment vouchers which may be presented to a teller 30 in order to receive payments.

Clients 20 may access or communicate with such non-physical interfaces via one or more communication networks In general, communication network 44 may include any interconnection found on any communication network, such as a telephone network, a local area network LAN , metropolitan area network MAN , wide area network WAN , the Internet, portions of the Internet, or any other data exchange system.

To access betting system interface 14 using communication networks 44, clients 20 may use a computer, a personal digital assistant PDA , a cell-phone, a remote paging device, an electronic mail communication device, a handheld betting device, or any other suitable mobile device. In certain embodiments, clients 20 may receive any suitable information, such as betting information, from betting system platform 16 via mobile devices using, for example, communication networks 44 and betting system interfaces Telephone operators 34 may communicate betting information to, and take index bets 80 from, clients Similarly, websites 36 may communicate betting information to clients 20 and allow clients 20 to place index bets One or more of such websites 36 may be hosted by one or more servers associated with system 10, which server or servers may also host betting system platform 16 in some embodiments.

In some embodiments, one or more websites 36 may be provided by, or associated with, an Internet betting provider 46, for example. Internet betting provider 46 may provide Internet account wagering by providing online betting accounts to one or more clients Using an online betting account, a client 20 may interface with one or more websites 36 associated with the Internet betting provider 46 in order to fund the account, view betting information regarding betting events, and place bets.

Such online betting accounts may include one or more various types of accounts, such as deposit accounts, credit accounts, stop-loss accounts, and hybrid accounts, for example. Processor 38 may comprise any suitable processor that executes a betting system software application 42 or other computer instructions, such as a central processing unit CPU or other microprocessor, and may include any suitable number of processors working together. In the example shown in FIG.

Calculation rules 62 may comprise various equations or other algorithms to be used by processor 38 in determining various current bet data As discussed above, one or more communication networks 18 couple and facilitate wireless or wireline communication between one or more betting system interfaces 14 and betting system platform In general, each communication network 18 may include any interconnection found on any communication network, such as a local area network LAN , metropolitan area network MAN , wide area network WAN , the Internet, portions of the Internet, or any other data exchange system.

In addition, processor 38 may update such current bet data 50 based on new information being received by betting system platform In some embodiments, processor 38 may update current bet data 50 in real time, substantially in real time, or at preset intervals such as every 30 seconds, for example. Current bet data 50 may then be made available to clients 20, such as via tote boards or monitors 32 located at a track or OTB establishment, for example, or on an appropriate website 36 that may be accessed by clients 20, for example.

In this manner, clients 20 may have access to real-time or substantially real-time current bet data 50 regarding various betting events. At step , one or more types of index bets 80 are offered by betting system platform 16 for a plurality of events having a plurality of participants. Suppose betting system platform 16 assigns an index number of 85 to the index bets 82 such that the index bets 82 include over bets 82A that jockey Goodman will earn 85 or more points during the day and under bets 82B that jockey Goodman will earn less than 85 points during the day.

At step , various information regarding the types of index bets 80 offered at step may be communicated to clients 20 via various betting system interfaces 14 shown in FIG. Information regarding various types of index bet 80 offered for the plurality of events may also be included in race programs available at tracks or OTB establishments. At step , clients 20 may place index bets 80 using various betting system interfaces 14 shown in FIG.

In the example discussed above, clients 20 may wager various amounts on over bets 82A and under bets 82B for jockey Goodman. At step , various information regarding the types of index bet 80 placed for the plurality of events may be updated in real-time, substantially in real-time, or at regular intervals based on index bets 80 placed by clients At step , betting system platform 16 may close the betting on particular index bets 80 before the start of the first of the plurality of events covered by the particular index bets 80, such as the first race in a group of races, for example.

In the example discussed above, betting system platform 16 may close the betting on over bets 82A and under bets 82B for jockey Goodman just before the start of the first race. At step , betting system platform 16 may determine betting pools for index bets 80 based at least in part on the total amounts wagered on each type of index bet In the example discussed above, betting system platform 16 may determine a betting pool by calculating the total amounts wagered on over bets 82A and under bets 82B for jockey Goodman.

At step , the plurality of events covered by the index bets 80 occur, such as the running of a group of horse or car races, for example. In the example discussed above, the horse races at Kentucky Downs are run at step At step , results of the events, including the positioning of the participants in each event, are received by betting system platform At step , additional index bets 80 may be offered and placed after one or more of the plurality of events have occurred.

The terms of such late index bets 80 may be different from the terms of the index bets 80 placed before the start of the first event. For range index bets 84, the each of the ranges may be adjusted from the original ranges. In addition, a new betting pool may be opened for new index bets 80 offered after a particular number of events have occurred.

Horse racing betting is legal in the UK, and many bookmakers offer this service. There are different types of horse racing betting, including win bets, each-way bets and forecast bets. Win bets involve betting on a horse to come first in a race. Each-way bets include betting on a horse to come first or second in a race.

Forecast bets involve betting on which two horses will come first and second in a race. Horse racing betting can be done online or at physical locations such as racetracks. You will need to have a betting account with a bookmaker to place a bet. You can also bet on horseraces using mobile apps. Horse racing betting is a popular way to gamble in the UK, and many people enjoy the thrill of trying to predict the outcome of a race. However, it is essential to remember that gambling can be addictive, and you should always gamble responsibly.

If you think you may have a problem with gambling, please seek help from a gambling support service. It is a risk-free way of betting, as you are guaranteed to make a profit from the free bets. You can learn more about matched betting with our FAQS, beginner guides, tips and advice posts and our information on more advanced strategies. If you are looking at horse racing betting we hope for matched betting only! The most common horserace bet is the win bet, which involves betting on a horse to come first in a race.

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