Following cricket, horse racing stands as the second most favored sport among bettors in Pakistan, with approximately 55% of them engaging in betting on the sport. Unlike the past, where betting was primarily done in person at the track or betting shops, today, various horse racing markets are available on numerous betting platforms, including iOS and Android apps.
Steps to Bet on Horse Racing
Signing up with one of the best Pakistani betting sites is the first step into the world of horse racing betting. To do this, choose one of the best companies. The popularity ratings of bookmakers in Pakistan will help you with this. Register and bet online at your chosen bookmaker.
Betting Site Sign-Up Process
While sign-up procedures may vary across different betting sites, the general steps include:
- Claim Offer: Click the “Claim Offer” button next to your preferred offer.
- Register Account: Register a new account by clicking the designated button (e.g., “sign up” or “create account”).
- Personal Details: Fill in the required personal details, confirming that you are above 18 years old.
- Deposit Information: Provide details for your deposit method, ensuring you deposit the correct amount to activate the sign-up offer.
- Place Your Bet: Select a race, choose a horse, and place your bet. Learn more about online betting below.
Placing a Bet on Horse Racing Online
Once you’ve signed up and have free bets ready, you can proceed to bet on horse racing. If you need further assistance in selecting your choices, continue reading our guide.
Navigating to the Horse Racing Homepage
- Click on “Horse Racing” Link: Click on the “horse racing” link, usually found in the sidebar or top bar when you first access the betting site.
- Navigate Through Menu: If not visible, navigate through a menu, selecting “Sport” and then horse racing, or find horse racing directly on the menu.
- Explore Available Races: Once in the horse racing section, browse through the list of courses with meetings, allowing you to choose horses from current or future races.
Placing a Bet – Adding Selection to Bet Slip
- Select Your Horse: Click on the odds next to your chosen horse to add it to your bet slip.
- Enter Stake Amount: Enter the stake amount in the designated box. For each-way bets, tick the appropriate box on the bet slip.
- Place Bet: Click “place bet” after depositing the required amount. The bet slip will update to confirm your bet placement.
- Use Free Bets: If using free bets, find the relevant button or box to apply them to your selection.
Types of Horse Racing Bets
The excitement of horse racing betting lies in the variety of bets available. The most common bets include:
- Win-only: Back a horse to win the race.
- Each-way: Place two bets – one for the horse to win and one for it to finish within a specified number of places.
Exploring Each-Way Bets
Horse racing meetings, such as Royal Ascot, often feature races with a large number of runners, making picking a winner challenging, especially for those not familiar with horse racing. This is where each-way bets (EW) come into play. An each-way bet essentially consists of placing two bets: one on the horse to win and one on the horse to finish within a designated number of places advertised in the each-way terms.
Example Each-Way Terms: 1/5 odds, 1st, 2nd, 3rd, 4th, 5th places
The place part of your each-way bet pays out at a fraction of the “to win” odds that are listed. In this case, the place part of your each-way bet pays out at 1/5 of the win odds if your horse finishes in the first five places. If your horse wins the race, you will also be paid out for the win part of the bet at the full win price listed.
Let’s illustrate this with an example: Suppose you place a £5 each-way bet (totalling £10) on a horse at odds of 15/1 with the each-way terms described above. This means you have a £5 bet on odds of 15/1 for the horse to win and a 3/1 bet (one-fifth of the odds) on it to finish in the first five.
If your 15/1 shot ends up being the winner of their race, you will be paid out for both parts of your bet, resulting in a net gain of £100. This consists of your win bet (£5 x 15 = £75), your place bet (£5 x 3 = £15), and your stake (£10).
If your horse finishes second, third, fourth, or fifth, the win part of your each-way bet is unsuccessful, and your £5 stake is lost. However, the place part of your bet has won, so your returns are £20 (£5 x 3 = £15) plus the £5 stake of your each-way bet.
Withdrawing Your Winnings
If you’re fortunate and win with your horse racing bets, it’s vital to know the steps needed to withdraw your winnings. These steps can vary slightly from one betting site to another but generally include the following:
- Access Account Details. Locate the link to access details related to your account. This is most often in the top left or top right of the screen with a title such as “My Account” or the username you chose when creating the account.
- Withdrawal Menu. Once you have clicked on this button, you should see a menu, which will include an option such as “Withdraw” or “Banking” or similar.
- Choose Withdrawal Method. Choose your withdrawal method and specify the amount you want to withdraw. Hit the button to withdraw your winnings. The betting site will then provide information on how long the money typically takes to arrive back in your chosen account. The duration will depend on your withdrawal method.
This comprehensive guide provides a step-by-step approach to horse racing betting in Pakistan, from choosing a betting site to exploring different bet types and withdrawing your winnings. Whether you’re a seasoned punter or a newcomer to the world of horse racing, this guide aims to enhance your understanding and enjoyment of this thrilling sport.