Titan Bet Sportbook

Already a popular pastime, now with the advert of online betting, it is even easier to participate in this exciting sport. Many people are turned off by this sport because they do not understand how the betting system works. Actually, it couldn't be simpler. Below is a guide to horse racing betting and some of the common terms used in this sport.

Common Terms

Odds – the 'price' or probability of the horse wining

There are also several terms used in describing the types of odds in horse racing. They are:

Even money - where the chances of the horse winning is 50/50

Odds Against - where the chances of the horse winning is less than 50/50

Odds On - where the chances of the horse winning is more than 50/50

Long Odds - where the chances of a horse winning is slim

Short Odds - where the chances of a horse winning is high


Stake - The amount of money wagered

'To Win'

With this kind of bet, you are betting on the horse to win. If the horse comes other than first place, then the bet is lost.

'Each Way'

By betting each way, you are placing a bet for the horse to finish in one of the top places of the race which is normally the top 3 places of the race. Nevertheless, it can also vary depending on the bookmaker. If there is a small number of horses running in a race, then this kind of bet can be limited to just the first two places. For large races, with many horses participating in the race, Each Way bets can be extended by the bookmaker to cover the top 5 places of the race.

There are two parts for the 'Each Way' bet. The first part of the bet, where the full odds applies, covers for the horse to win. The second part of the bet, where only part of the bet applies, covers for the horse to finish in the top places. Hence, a £1 each way bet will cost you £2, a pound for the horse to win the race and the other pound for the horse to finish in the top places of the race.

The bet is totally lost if the selected horse picked to win doesn’t come in any of the top places of the race.

How To Calculate Your Winnings

For 'To win' bets, the winnings are obtained by multiplying the amount wagered with the odds provided by the bookmaker plus the original betting stake. For example, when you placed £2 on a horse with 5 to 1 odds, the winnings will be £2 x 5 = £10 + £2, a total of £12.

With each way bets, if the horse you selected pays 8 to 1 odds wins first place, then for a £1 each way bet (£2 stake), the winnings will be calculated as shown below:

1st part of the bet: £1 x 8 = £8 + £1, hence a total of £9

2nd part of the bet: £1 x 2 (a quarter of the odds) = £2 + £1, a total of £3

Therefore total amount of money you will receive if your horse comes first will be £9 + £3 = £12.

However, if the horse only comes in the top places of the race, then only the second part of the bet will apply. As such, you will only get to receive £3.

Make Titan Bet your first port of call for horse racing and you could end up winning a packet!

Read more with our other horse racing articles:
Horse racing betting tips
Tony McCoy - Sports Personality of the Year