Horse Betting: How to bet on Horse Racing Online

The purse is the prize money attached to a certain horse racing contest. Anyone familiar with boxing or UFC terminology might already be familiar with this phrase.

When it comes to horse racing, the worst type of bet really depends on what kind of money you’re betting and what you’re trying to accomplish. If you’re a small unit bettor, wagering maybe $20 or less when you play a race, don’t deplete your wallet pursuing potentially huge payoffs via bets on the Pick 6 or Super Hi-5.

In horse racing, maiden races are contests in which none of the horses in the field have ever won. Maiden contests are divided into various levels that usually indicate how much promise the owner and trainer believe the horse possesses.

In horse racing, claiming races are contests where every entrant is essentially up for sale for a set price. These are some of the most common types of races you might find at AmWager and are intended to bring evenly matched fields together to create an interesting race with many possible winners.