Learn How to Bet on Your First Horse Race with Hollywoodbets

How to Place a Horse Racing Bet Guide on Hollywoodbets

At first glance, betting on horse racing may seem like only choosing a preferred horse to come first in a race. With our detailed horse racing betting guide, we’ll discuss betting options and tips on how to bet on horses on Hollywoodbets. In South Africa, horse racing has a significant presence, with extensive coverage across several tournaments. You can follow these easy steps to make a horse racing bet today:

1. Sign up for an account on Hollywoodbets;
2. Log in to your account and make some quick deposits: Select Horse Racing from the menu list of betting options;
3. Choose the country and select your preferred meeting race;
4. Click the betting type and select the horse that appeals to you;
5. Cross-check your selection, and add the amount you wish to bet;
6. Click on “Place Bet” to confirm your bet and watch the race begin.

Understanding Horse Racing Odds on Hollywoodbets

The probability of you winning a horse racing bet will be high only if you understand how the odds work. Hollywoodbets horse racing odds are given in decimal, which is common to the European style. The odds function similarly to a price tag for the risk involved and are also generated based on the bet type. Some of these bet types include Win Bet, Swingers, Exacta, Trifecta, Quartet, etc. The Win Bet, by far, is the most common, popular, and easiest horse betting type to explain. For example, if three Horses are backed with the following odds to win:

• a. All System Go (3.33)
• b. Touch the Sword (8.33)
• c. Bugle (12.5)

All System Go, with the smallest odds, is the favourite to win the race, followed by Touch the Sword, and then Bugle as the underdog. Therefore, if you make a R100-backed bet on All System Go, you will win up to a total of R333. On the other hand, a R100 bet backing Touch the Sword and Bugle will see you win R833 and R1,250, respectively. The high value price winning surrounding a bet placed on Bugle is a reflection of the risk involved in expressing faith in the horse. The table below gives a summary of the type of bets for which these odds are generated.

Hollywood horse racing betting is exciting not because of the thrills and options, but for the twists in every race. Fixed odds refer to betting options that allow you to bet on a specific outcome and keep your bet locked. Last-minute changes, such as health status, track, and weather conditions, cannot affect bets placed. Starting Price means that the payment is tied to odds only determined by the bookmaker before the race begins. Each style has its advantages, but does not share in the setbacks the other suffers. See the table below for more clarity:

Hollywoodbets offers interesting but contrasting betting systems, which may require some clarification for new users. The open bet implies that your payment is calculated based on the odds offered, regardless of other stakers' outcomes. For example, if you bet on a horse named Cowdrepark at 4.00 odds to win a race, and you win, your bet is calculated by multiplying the odds by your stake. If you place a R1,000 wager on Cowdrepark at 4.00 odds:

• Winnings = Stake × Odds
• Winnings = R1,000 × 4.00 = R4,000

You will win R4,000 in total, which breaks down to your R1,000 stake plus R3,000 profit.

The Totalizator system implies that all stakes are collected in a pool and the money is distributed to the winners. Simply put, in an Open bet, you stake against the bookmaker at their odds, while in Totalizator, you bet in a shared pool and get a chunk of the winning like other winners.

How to Place a Horse Racing Win Bet on Hollywoodbets

Hollywoodbets offers you a handful of betting types, including win, place, each-way, accumulators, trifectas, bipots, swingers, and exactas, among others. Each of these options offers you an opportunity to make some profits in various race meeting outcomes. Our review has cherry-picked the most commonly used terms, such as Win Bet, Place, Each-way, and Multiples, to explain.

This bet type is the most common type of horse racing betting offered on Hollywoodbets. Here, you get to predict the horse that wins the race. You get your pay if your horse finishes in first position.

In this type of Hollywood bet horse racing, you can predict that your horse will finish in any top-ranking position. However, the number of top spots available for consolidation for a Place bet depends mainly on the size of the race itself.

Just like a double chance bet on a soccer bet, Each Way allows you to stake on both the Place bet and the Win bet in one prediction.

Similar to an accumulator bet on Soccer, this bet type allows you to select different horses across different races and combine them into one slip. You get to come across terms like Double, Triple, Quad, etc. These represent the number of horses you are banking on to win in their respective races.

These horse racing options allow bettors to tailor their betting strategies, increasing their variety and the thrill of the meeting experience.

In a Jackpot Mixa bet system, the operator combines horse racing from different venues and countries into one selection. The aim is that you successfully pick the winner of the races in the four pre-selected areas. This bet type offers elements of a jackpot and accumulator, with the potential for high winnings. It is an excellent option for Hollywoodbets horse racing bettors who want to cash out big from their bets.

Hollywoodbets SA offers you exciting horse racing promotions, rewarding you with jackpots, refunds, and special event-based offers. These ongoing promotions add extra value to horse racing betting, giving you opportunities to win or recover your losses. The active promotions available for horse racing are discussed below.

Hollywoodbets SA Irish Objection Bonus Image

The Hollywoodbets Irish Objection promotion refunds your stake if your horse finishes in first position but loses after the objection. Your horse must win a race and get the win overturned and awarded to another winning horse to activate this bonus. With this offer, your stakes enjoy some form of immunity from horse racing infractions. Please note that only single win bets are eligible, and participants must have been active account holders of Hollywoodbets.

Hollywoodbets SA Players Challenge Bonus Image

You can subscribe to the Players Challenge on Hollywoodbets daily and get over R1,000,000 daily just by selecting all the winners for a race meeting. All you need then is to make one winning selection in a race meeting. Each selection will then be awarded points based on its finishing position. If your ranking is high, you get a share of the R5000 cash prize, and if your selections win in all the races, you land your share of the R1 Million Jackpot.

Hollywoodbets also offers you special promotions, especially during major horse racing events. Some of these event-based bonuses include:

• The Durban July Bonus Jackpots;
• The Cape Town Met 15% Deposit Bonus;
• Season of Champions Horse Racing Promo.

The race-specific promotions mentioned above, or event-based promotions, are limited-time offers that reward punters during South Africa’s biggest race days, adding extra incentives for betting on high-profile events.

The dead heat rule is a system activated to settle bets in instances where two or more horses finish in the same position. This rule happens especially in situations where photo finish technology cannot decide the winner. The sportsbook divides your wager by the tied horses, then multiplies the figure of the odds for your selected horse.

While the focus for many is mainly centered around pre-race betting, punters who enjoy live betting are not left out of the show. Powered by Gallop TV, Hollywoodbets allows you to bet on races that are underway while you stream the races. Some of which include the Western Cape and KwaZulu-Natal race action on the same website.

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No betting, whether soccer, casino, or horse racing, guarantees a compulsory win in return. However, deploying specific strategies can positively influence your chances of winning. We have listed a few tips that your horse racing bets could use.

• Get familiar with all betting types;
• Try a multiple bet strategy;
• Keep a record of your bets and wins;
• Know what's the best option to stick with;
• Study track conditions, jockey and trainers stats, etc;
• Manage your bankroll to avoid chasing losses with huge bets.

Hollywoodbets vouchers are numerical codes that let you deposit cash into your betting account without using your cards or a bank transfer. To buy Hollywoodbets vouchers online, follow the steps below:

1. On your device, go to the OTT Voucher portal;
2. Type in your desired voucher top-up amount (R10 - R3,000);
3. Enter your mobile phone number and tap on “Click Here to Buy.”;
4. Choose your payment merchant, either CallPay or Ozow, and select your bank;
5. You will receive a PIN to finish your payment and a generated voucher code.

Using a purchased voucher for your bet on racing is just as simple as any other deposit process. You can follow the steps given below to top up your Hollywoodbets account using vouchers.

Purchase any betting voucher of your choice via the Hollywoodbets site, voucher site, or third-party provider.

Log in to your Hollywoodbets betting account, tap on Voucher Deposit, and enter the voucher code.

Click on Submit to complete the process and start placing your bets by selecting Horse Racing from the list of options and choosing your race meeting.