After placing the bet, you will be given a receipt and if it proves successful, you can take it over to the cashier to be paid out.įor big races like the Grand National and the Grade 1 contests at the Cheltenham Festival, you will find coupons that simplify the whole process. With an each-way bet, half of your stake goes on the horse to win the race, and the other half goes on it finishing in the top two, three, four or five places, depending on how many runners are in the race, at a fraction of the odds. Write your stake, along with the bet you are placing, such as a “£20 win” or “£10 each way”.Ī win bet is rather straightforward since you are just betting on your horse to finish in first place.The most popular options on a horse race are win and each-way. Leave the odds off your slip to take the starting price (SP). If you want to guarantee that you will be paid out at the odds currently on offer for that horse, write them down.

Jot down the name of the horse you want to bet on.

Write the name of the racecourse and the time of the race at the top of the slip, such as “York 13:30 or “ Royal Ascot 16:00”.

Upon walking into a betting shop, you will typically find piles of white betting slips along the walls and on the shelves.

Placing a Traditional Bet on Horse Racingįor anyone wondering how to write out a betting slip, a horse racing betting slip is a good example to start with. If you’re a newcomer to betting, this guide will explain exactly how to complete a betting slip like a seasoned punter, before you go on to place your wagers at the best betting sites. Is there a better way to ramp up the thrill you experience whilst watching the action unfold in a horse race or a big sporting event, other than betting?įilling in your bet slip, however, can be a daunting process for newbies and if done wrong, it could easily cost you money.

Placing horse bets online