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Horse racing betting

Horse racing betting, explained from the race card up

The short answer

Horse racing betting means backing a horse to win, to finish in the places, or to finish in a set order with other runners. An each-way bet is two bets in one: half your stake on the win and half on a place, so it can still pay if the horse comes second or third. On KhelKing you can bet on British, Irish, international and Indian racing.

By the KhelKing team · Updated · 7 min read

Example race card

Going: Good
RunnerFormDrawWin
1Runner 1213143.50
2Runner 24-2179.00
3Runner 3P305115.00
Each-way
₹100
Total cost
₹200
If it wins
₹1,160

Runners and prices are an example, at one-fifth place terms. If Runner 2 only places, the bet returns ₹260.

Key takeaways

  • Win, place and each-way are the three bets to learn first. Each-way costs double, because it's a win bet and a place bet.
  • Form figures read left to right, and the number on the right is the horse's most recent run.
  • The going, the draw, the jockey and the weight carried all affect a horse's chances.
  • One KhelKing ID covers British, Irish and international meetings, plus racing in India.
  • Core bets

    Win, place, each-way, forecast, tricast and ante-post.

  • Big meetings

    Cheltenham, Royal Ascot, the Grand National, Dubai and the Melbourne Cup.

  • Indian racing

    Meetings in Mumbai and Pune, along with the other Indian racecourses.

  • What to check

    Form, going, draw, jockey and weight, all on the race card.

At a glance

Key takeaways

  1. A place bet pays if the horse finishes in any of the paid places, so it lands more often than a win bet but pays less.
  2. An each-way bet is two equal stakes, one on the win and one on a place.
  3. Small fields may pay only two places, while big handicaps can pay four or more.
  4. If your horse is a non-runner, bets placed on the day are usually void, but ante-post bets normally lose.
  5. KhelKing covers British, Irish, international and Indian racing.

01Bet types

Six horse racing bets, explained

Start with win, place or each-way. Forecasts and tricasts pay more because you need the finishing order right.

  • Win

    Will it finish first?

    The simplest racing bet. Your horse has to win the race, and nothing else pays.

    Favourites lose more races than they win, so a short price isn't a sure thing.

  • Place

    Will it finish in the places?

    Pays if the horse finishes in the paid places, usually the top two, three or four depending on the race. It pays less than a win bet but lands more often.

    Check how many places are paid before you bet. It's shown with the market.

  • Each-way

    Win and place together?

    Two equal bets: one on the win and one on a place. A ₹200 each-way bet costs ₹400 in total. If the horse wins, both parts pay; if it only places, the place part pays.

    Works best on horses at bigger prices, where the place part can cover the cost.

  • Forecast

    Who's first and second?

    Name the first two finishers in the right order. A reverse forecast covers both orders and costs two stakes.

    A reverse forecast is the safer way in if you like two horses but can't split them.

  • Tricast

    Who's first, second and third?

    Name the first three finishers in exact order. It's hard to land, which is why it pays so well when it does.

    Keep the stake small. One horse out of place and the bet loses.

  • Ante-post

    Bet days or weeks ahead?

    Back a horse before the final runners are confirmed, often at a bigger price than on the day.

    If your horse doesn't run, the stake is usually lost. That's the trade-off for the price.

02Race card

How do I read a horse racing card?

Reading the form figures

Form figures show how a horse finished in its recent races. Read them from left to right: the figure on the far right is the latest run.

Example form: 4-2131
  1. 4 
  2. -Gap
  3. 2 
  4. 1 
  5. 3 
  6. 1Latest

Fourth last season, then second, first and third this season, and a win last time out.

1 to 9
Finishing position
0
Finished outside the first nine
P
Pulled up by the jockey
F
Fell
U
Unseated its rider
- or /
A break between seasons

What else is on the card?

Each runner has a draw, which is its starting stall in a flat race, along with the jockey and the weight it carries. A low or high draw can help on tracks with tight bends, and extra weight slows a horse down over longer distances.

03Ground

What does "the going" mean in horse racing?

The going is how firm or wet the ground is. Some horses run much better on one kind of ground, so check how they've done on similar going before.

Fast groundWet ground
  1. Firm
  2. Good to firm
  3. Good
  4. Good to soft
  5. Soft
  6. Heavy

04Each-way

How does an each-way bet pay out?

₹100 each-way at 9.00

Each-way is two bets, so ₹100 each-way costs ₹200: ₹100 on the win and ₹100 on a place. At one-fifth place terms, the place part pays a fifth of the win profit. At 9.00 the win profit is 8.00, a fifth of that is 1.60, and the place price is 2.60.

  • Horse places

    ₹260

    The place part pays ₹260. The win part loses.

  • Horse wins

    ₹1,160

    The win part returns ₹900 and the place part ₹260.

The number of places paid depends on the field size and the type of race. Small fields may pay only two places, and big handicaps four or more. The terms are shown with each market.

What if my horse doesn't run?

Bets placed on the day of the race are usually void, and the stake comes back to your balance. Ante-post bets normally lose if the horse is withdrawn. The betting rules cover each case.

05Calendar

The big racing meetings through the year

Major horse racing meetings by time of year
MeetingWhereWhenHeadline race
Indian DerbyMahalaxmi, MumbaiEarly in the yearIndian Derby
Cheltenham FestivalCheltenham, EnglandMarchGold Cup
Dubai World CupMeydan, DubaiLate March or early AprilDubai World Cup
Grand NationalAintree, EnglandAprilGrand National
Epsom DerbyEpsom, EnglandEarly JuneThe Derby
Royal AscotAscot, EnglandJuneGold Cup
Melbourne CupFlemington, AustraliaFirst Tuesday in NovemberMelbourne Cup

Can I bet on Indian horse racing?

Yes. KhelKing covers racing in India alongside British, Irish and international meetings. In Mumbai and Pune, races are run by the Royal Western India Turf Club, and the Indian Derby at Mahalaxmi is the biggest day of the season.

06Get started

Your first racing bet in four steps

  1. Step 01

    Get your ID

    Message KhelKing on WhatsApp and pick a username. Your account is ready in a few minutes.

  2. Step 02

    Add funds

    Deposit by UPI. Support sends the payment details in the same chat.

  3. Step 03

    Study the card

    Open horse racing, choose a race and check each runner's form, the going and the draw.

  4. Step 04

    Choose a bet

    Pick win, place or each-way, set your stake and confirm before the race starts.

Before you place anything

Races come every few minutes on a big day, so set a budget before the first one and stop when it's gone. Don't chase losses on the next race. Horse racing betting on KhelKing is for players aged 18 and over, and the law on online betting differs from state to state.

Support can add a deposit limit or pause your ID in one message. If gambling stops feeling like fun, free help is available:

Read our responsible gaming guide

Need a break? Support can pause or close your ID in one message, any time of day.

07FAQ

Horse racing questions

Can't find your answer? Our support team is online 24/7.

01

What's the difference between a win bet and a place bet?

A win bet only pays if the horse finishes first. A place bet pays if it finishes in any of the paid places, so it lands more often but pays less.

02

How many places does an each-way bet pay?

It depends on the size of the field and the type of race. Small fields may pay only two places, while big handicaps can pay four or more. The place terms are shown with each market.

03

How does an each-way bet pay out?

At one-fifth place terms, ₹100 each-way at 9.00 costs ₹200. If the horse places, the place part pays at 2.60 and returns ₹260. If it wins, the win part returns ₹900 and the place part ₹260, so ₹1,160 in total.

04

What happens if my horse is withdrawn?

Bets placed on the day are usually void and the stake goes back to your balance. Ante-post bets normally lose if the horse doesn't run.

05

What is a forecast bet?

A bet on the first two finishers in the right order. A reverse forecast covers both orders and costs two stakes.

06

How do I read horse racing form?

Read the figures from left to right. The one on the far right is the latest run. Numbers are finishing positions, 0 means outside the first nine, and P, F and U mean pulled up, fell and unseated rider.

07

What does the going mean?

The going describes how wet or firm the ground is, from firm through good to soft and heavy. Some horses run much better on one kind of ground, so check how they've done on similar going.

08

Can I bet on Indian horse racing on KhelKing?

Yes. KhelKing covers Indian meetings, including racing in Mumbai and Pune run by the Royal Western India Turf Club, as well as British, Irish and international races.

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