Horse racing is one of the oldest forms of sports betting and has been a popular pastime for centuries. With the emergence of online betting, it is now easier than ever to get involved in the excitement of horse racing. DraftKings is one of the leading online sportsbooks, and they offer a variety of options for betting on horses. In this article, we’ll take a look at how to bet on horses through DraftKings and explain the different types of bets available.
What is DraftKings?
DraftKings is an online sportsbook and fantasy sports platform. It was founded in 2012 and is based in Boston, Massachusetts. The website offers a wide variety of sports betting options, including traditional sports like football, basketball, and baseball, as well as horse racing. DraftKings also offers fantasy sports contests, where players can compete against each other to win cash prizes.
How to Place a Bet on DraftKings
Placing a bet on DraftKings is a simple and straightforward process. The first step is to sign up for an account and deposit funds. Once you have money in your account, you can begin placing bets.
To place a bet on horses, simply select “Horse Racing” from the sportsbook menu. From there, you will be presented with a list of available races. Select the race you want to bet on and then choose the type of bet you want to make.
Types of Horse Racing Bets
There are several different types of bets you can make on DraftKings. The most common types of bets are:
Win: A win bet is when you pick the horse you think will finish first.
Place: A place bet is when you pick the horse you think will finish first or second.
Show: A show bet is when you pick the horse you think will finish first, second, or third.
Exacta: An exacta bet is when you pick the horses that you think will finish first and second in a specific order.
Quinella: A quinella bet is when you pick the horses that you think will finish first and second in any order.
Trifecta: A trifecta bet is when you pick the horses that you think will finish first, second, and third in a specific order.
Superfecta: A superfecta bet is when you pick the horses that you think will finish first, second, third, and fourth in a specific order.
Boxed Bets: A boxed bet is when you pick two or more horses and you win if any of them finish in the top spots.
Odds and Payouts
The odds and payouts for each bet type will vary depending on the race and the horses involved. Generally, the higher the odds, the bigger the payout. However, it is important to understand that horse racing is a risky form of gambling and you should never bet more than you can afford to lose.
Betting on horses through DraftKings is a great way to have some fun and potentially win some money. There are a variety of different types of bets available, and understanding the different types of bets, odds, and payouts will help you make informed decisions when placing bets. If you are looking for a fun and exciting way to get involved in horse racing, then DraftKings is a great option.