Horse racing has been a popular pastime in Singapore for many years. With the opening of the Singapore Turf Club, racing enthusiasts can now enjoy a wide variety of betting opportunities. One of the most popular betting games is horse racing pools, which are offered at the Singapore Turf Club. In this article, we will discuss how to play horse racing pools in Singapore.
What is Horse Racing Pools?
Horse racing pools are a form of betting that involves predicting the outcome of a race. Players can bet on one or more horses to win, place or show. Players can also bet on multiple horses, which is known as an ‘exotic’ bet. This type of bet pays out larger amounts than a single bet and can be more difficult to win.
How to Place a Bet on Horse Racing Pools
Before you can place a bet on horse racing pools, you must first register as a member at the Singapore Turf Club. Once you have registered, you can then purchase a betting ticket from the ticketing counters. The ticket will list all the races available for betting, along with the odds for each race.
When placing a bet, you will need to select the type of bet (win, place, show, etc.), the amount of money you want to bet, and the horses you want to bet on. You can also choose to bet on multiple horses, which is known as an ‘exotic’ bet.
Types of Horse Racing Pools
There are several types of horse racing pools that are offered in Singapore. These include:
• Win Bet: This is a bet on a single horse to win the race.
• Place Bet: This is a bet on a single horse to place (finish in the top three).
• Show Bet: This is a bet on a single horse to show (finish in the top four).
• Exacta: This is a bet on two horses to finish first and second in any order.
• Trifecta: This is a bet on three horses to finish first, second and third in any order.
• Superfecta: This is a bet on four horses to finish first, second, third and fourth in any order.
Odds and Payouts
The odds for horse racing pools vary from race to race. Generally, the more horses you bet on, the higher the odds and the lower the payout. For example, a win bet on one horse will typically pay out more than an exacta bet on two horses.
Taxes and Fees
It is important to note that all profits from horse racing pools are subject to taxes and fees. The Singapore Turf Club charges a 5% commission on all bets, and the government levies a 6% tax on all winnings.
When betting on horse racing pools, it is important to keep safety in mind. Always ensure that you are betting with a legitimate and licensed bookmaker. Additionally, never bet more money than you can afford to lose.
Horse racing pools can be a fun and exciting way to bet on horse racing. However, it is important to understand the rules and regulations before placing a bet. By following these tips, you can ensure that you have a safe and enjoyable experience betting on horse racing pools in Singapore.