Spread Betting on: Horse Racing

Published On September 1, 2013 | By dominic | How Spread Betting Works

What is Horse Racing Spread Betting?

Horse racing spread betting is betting on horse races against a spread instead of fixed odds. Markets include Race Index, Favourite Index, Racing Post Favourites, Double Card Index, Winning Distances, Jockey Index and Matched Bets.

RACE INDEX

In a horse race we might quote every horse on a 50/25/10 index.

The winner gets 50 points, 2^nd gets 25 points, 3rd gets 10 points and 4th or worse get 0 points.

Eg:

Cheltenham 3.30
50/25/10 Index
Hurricane Fly 23-26
Spirit Son 16-19
Zarkandar 14-17
Binocular 10-13
Oscars Well 8-11
Pittoni 4-6

If you thought Binocular would do well you would bet high or “buy” Binocular at 13 for your chosen stake, say €5 a point.

If Binocular won you would win (50-13) x €5 = Win €185
If Binocular came 2^nd you would win (25-13) x €5 = Win €60
If Binocular came 3^rd you would lose (13-10) x €5 = Lose €15
If Binocular finished 4^th or worse or didn’t finish you would lose (13-0) x €5 = Lose €65

FAVOURITES INDEX

Star Spreads will predict the performance of the favourites in each race at a particular meeting. Points are awarded for finishing in the first three in the following way: 25 points for win, 10 points for second and 5 points for third. If there are joint or co-favourites, the lowest racecard number will be deemed favourite.

Eg: Lingfield (8 races)
Spread: 64-68

· Market Result: Race 1 = first (25), 2 = third (5), 3 = unplaced (0), 4 = second (10), 5 = first (25), 6 = first (25), 7 = unplaced (0), 8 = second (10) = 100
· Profit = 32 x stake if bought / loss = 36 x stake if sold

RACING POST FAVOURITES INDEX

Exactly the same as the ‘Favourites Index’, except judged on favourites according to the forecasted SPs in that day’s Racing Post.

Eg: Lingfield (8 races)

Spread: 64-68

DOUBLE CARD INDEX

All of the winners’ racecard numbers are added together and multiplied by two to create a prediction for the Double Card Index.

Eg: Haydock (7 races)

Spread: 82-84

· Market Result: Race 1 = 12, 2 = 2, 3 = 16, 4 = 7, 5 = 1, 6 = 5, 7 = 8 = 102
· Profit = 18 x stake if bought / loss = 20 x stake if sold

WINNING DISTANCES

The combined total of winning margins between first and second in all races at a meeting. Points are awarded at 1 point per length and races with margins of less than half a length are settled as follows: nose = 0.05 lengths, short-head = 0.1, head = 0.2 and neck = 0.3. The maximum winning distance is 12 lengths (flat) and 30 lengths (jumps).

Eg: Pontefract (7 races)

Spread: 12.5-14

· Market Result: 2, 1.5, 0.1, 4, 3.5, 10, 5 = 26.1
· Profit = 12.1 x stake if bought / loss = 13.6 x stake if sold

JOCKEY INDEX

A prediction on the individual performance of a jockey at a meeting. 25 points are awarded for a win, 10 points for second and 5 points for third.

Eg: Ascot – Richard Hughes (5 rides)

Spread: 38-41

· Market Result: Race 1 = unplaced (0), Race 2 = unplaced (0), Race 3 = third (5), Race 4 = unplaced (0), Race 5 = second (10) = 15
· Profit = 23 x stake if sold / loss = 26 x stake if bought

MATCH BETS

The distance between two specific horses when they cross the finishing line. The maximum winning distance is 12 lengths (flat) and 15 lengths (jumps) and if both horses fail to finish the bet will be void. It can have also have a negative result meaning greater wins and losses.

Eg: Kauto Star / Denman – Cheltenham Gold Cup

Spread: Kauto Star/Denman 1-2

· Market Result: Kauto Star finishes 5 lengths in front of Denman
· Profit = 3 x stake if bought / loss = 4 x stake if sold

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