Horse racing betting started in 1867 not only as a recreational activity but also a legal casino horse betting option in the Philippines. It has rapidly gained popularity over the years, evidenced by the many full race tracks during local races. The Philippine Racing Commission has the mandate to act as the regulator of this recreational activity.
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The legality of Horse Racing Betting in the Philippines
Like other leisure activities, horse racing Philippines just started as weekend leisure but things have since changed. Three racetracks currently exist in the Philippines. Furthermore, high–profile horse racing tracks are also available, giving residents a chance to watch and bet on these races legally. Horse racing in the Philippines is popular and still shows signs of growth despite being a $1 Billion industry in the Philippines.
Types of Wagers
- Win – Picking the winning horse
- Place – Selecting a horse to come in first or second in a live horse racing event on a horse race track
- Show - Selecting the horse to come in first, second, or third
- Across the board – Placing a bet on win, place, and show
Intermediate (exotic) wagers
- Exacta - Picking the first two horses in a particular order
- Quinella - Choosing the first two horses in any order
- Trifecta - Selecting only the three first horses in a particular order
- Dailey Double - Selecting two consecutive winning horses
- Superfecta - Picking the first two horses in the correct order in horse racing betting
- Grand Slam - Choosing a horse to come in the top 3 in 3 consecutive races
- Pick 3 - Selecting any three horses to win in 3 consecutive races
Betting Tips and Strategies
Before placing your bets, these horse racing tips will help a great deal.
- Do your homework- Many gamblers stake millions of dollars on horse racing betting each year without thorough research on bets. As a result, a minimal number of players have chances of winning. A good strategy for winning the horse racing betting is by being well familiar with the racing form guides. The forms will give you all the information you may need to know about the races to take place, horses which will be competing, and majorly how to bet on horse racing. The guide will help a gambler in making an informed decision on how to win even the live racing.
- Research about the jockey – For a proper win, punters need to research the particular horse jockey. Because of tactical advantage, professional riders tend to win many races. The jockey’s record in various competitions also needs evaluation.
Online Promotion for Horse Racing Betting
During some festive seasons, the bookmakers run some interesting racing tips and promotions to attract those who want to gamble for the first time. Promotions offered always include but not limited to;
- Free bets promotion- Bookmakers always know the best time to grab those new customers who want to gamble. You will have free bets that act as an incentive to register a new account, which you will use to gamble. Nearer the festival weeks, the Bookmakers bring you details of free latest bets offers, explicitly for horse racing tracks and live racing.
- Money-Back Specials – Here, the gamblers get back their stake in the form of free bets rather than actual cash. Hence will help you to at least make a win.
- Enhanced Odds – An incentive is offered to the gamblers to open up an original horse betting account. As a result, the necessitation of enhanced odds on horse racing is made available. Sometimes fancy runners are also provided with this in some big races.
- Offering best odds – Bookmakers ensure that gamblers have the best odds that can make one win. As a result, you will be able to get the best odds as expected in the first place to make you start on the right track.
The Best Sportsbooks for Horse Racing that Accept Filipino Players
Filipinos love and enjoy sports, which is why many online sportsbooks sites accept players from the Philippines. Although it can be hectic to find safe and legal horse racing betting sites, there are licensed regulators to ensure sports betting in the Philippines is safe. The best bookmakers include:
1Xbet is making waves in the online gambling world. The operator is very fashionable and that is why many gamblers love it. This site is fast, easily accessible and easy to navigate. It offers more extensive betting options, and therefore the Filipinos embrace it. Punters need to register, and after that, they will obtain a user name and a password to their account. It is very user friendly coming with flexible payment methods.
Competitive Sports Betting Odds
In-Play Betting and Cash Out
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The good news is Betfair accepts players from the Philippines. Furthermore, it accepts payments in Euros, Hong Kong Dollar, and other currencies. It also accepts your credit card when you want to gamble. Malta Gaming Authority regulates Betfair, which makes it a reliable horse racing betting platform. Besides, Betfair offers amazing welcome bonuses to first-time gamblers with over 32 sports to bet on.
The operator gives appealing offers to gamblers. For instance, you will only need a minimum of €1 to bet, making it more affordable for a vast number of gamblers. You can also receive a 100% bonus up to ₱7,500. However, there is a wagering requirement for the gamblers. Gamblers have to meet all the wagering requirements to cash out their winnings.
The Sports of Kings – Is it worth Betting on Horse Racing
Wagering on horses is worth it; you only need to understand some of the basic strategies for you to wager well. People who tend to place bets on races have always made it with good cash, but this depends on luck too. The sport is not only enjoyable but also understandable as it has been ongoing for years now.
Most people instead prefer online horse racing, unlike various other sports. Punters need to analyze the bets. Moreover, you need to pay much attention to the horse’s shape because that matters too.
Some of the frequently asked questions about Horse Racing betting include:
🥇 How to pick a winner from a nag?
You need insightful knowledge and information on the past performance of the horse to win. Knowledge required is not limited to horse’s performance on the previous races, jockey, and trainer.
💰 What is the richest horse race in the World?
According to various research of races and sportsbooks, the Pegasus World Cup is the richest horse race in the World. Several million dollars is given to the winner most frequently.
🤔 Which is the best Bookmaker to Live Stream Races?
TVG is often said to be the best bookmaker to live stream races. TVG across the World offers a variety of horse races.