The Grand National is one of the most popular horse races in the world. Every year, millions of people around the world place bets on the race, hoping to win big. But how much is bet on the Grand National each year? In this article, we will explore the total amount of money bet on the Grand National, as well as the different types of bets that can be placed.
What is the Grand National?
The Grand National is a National Hunt horse race that takes place annually at Aintree Racecourse near Liverpool in England. It is the most valuable jump race in Europe, with a total prize fund of £1 million. The race was first run in 1839 and is now a major event in the British sporting calendar, attracting thousands of spectators and millions of viewers around the world.
How Much Is Bet on Grand National?
The total amount of money bet on the Grand National each year is estimated to be around £150 million. This is an enormous amount of money and shows just how popular the race is. Of this, around £100 million is bet through traditional bookmakers, while the remaining £50 million is bet through online and mobile betting.
Types of Bets Placed
There are a variety of different types of bets that can be placed on the Grand National. These include:
- Win: This is a bet on a single horse to win the race.
- Each-Way: This is a bet on a single horse to win or place (finish in the top three).
- Accumulator: This is a bet on a selection of horses to all win their respective races.
- Tricast: This is a bet on a selection of horses to finish in the top three in the exact order they are listed.
- Forecast: This is a bet on a selection of horses to finish first and second in the exact order they are listed.
Who Bets on the Grand National?
The people who bet on the Grand National come from all walks of life. Some are professional gamblers, while others are just casual punters. Some people bet for fun, while others take it more seriously and attempt to find value in the odds. The majority of people who bet on the Grand National are British, but there are also many international punters who place bets on the race.
Where Is the Money Bet?
Most of the money bet on the Grand National is placed through traditional bookmakers such as William Hill, Ladbrokes, and Betfred. However, there is also a growing amount of money bet through online and mobile betting sites. These sites often offer more competitive odds and a wider range of markets.
Advantages of Betting on the Grand National
There are many advantages to betting on the Grand National. Firstly, the race is incredibly popular, so there are plenty of opportunities to find value in the odds. Secondly, the race is long and unpredictable, so it is possible to find a winning bet even if your horse does not win the race. Finally, there is a wide range of markets available, so it is easy to find a bet that suits your strategy.
Disadvantages of Betting on the Grand National
While there are many advantages to betting on the Grand National, there are also some disadvantages. Firstly, the race is incredibly unpredictable, so it can be difficult to pick a winner. Secondly, the odds are often short, so it can be hard to find value in the markets. Finally, the race is very unpredictable, so it can be difficult to hedge your bets.
Tips for Betting on the Grand National
If you are looking to bet on the Grand National, there are some tips that can help you make a successful bet. Firstly, do your research and try to find horses that have good form going into the race. Secondly, look for horses with a good jockey and trainer. Thirdly, shop around for the best odds and look for value in the markets. Finally, don’t be afraid to hedge your bets if you think the race will be close.
Conclusion
The Grand National is one of the most popular horse races in the world and attracts millions of pounds in bets each year. The total amount of money bet on the race is estimated to be around £150 million, with around £100 million bet through traditional bookmakers and the remaining £50 million bet through online and mobile betting sites. There are a variety of different types of bets that can be placed on the race, and the money is bet by people from all walks of life. With the right knowledge and research, it is possible to make a successful bet on the Grand National.
References
1. http://www.grand-national.me.uk/grand-national-betting-guide.php
2. https://www.racingpost.com/news/grand-national-betting-what-you-need-to-know/2063525
3. https://www.theguardian.com/sport/2017/apr/08/grand-national-betting-tips-guide
4. https://www.bettingexpert.com/grand-national-guide