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Bookmaker Article

This article will explain the main details of one of the betting systems that are often used by punters who are just starting out in betting on the horses. There are some important points to consider when placing your money with a bookmaker, as you are about to find out.

For the inexperienced punter or novice, betting with a bookmaker can offer a slightly easier way to get your money on the horse that you fancy. There are typically Tote outlets dotted around each and every racecourse, so finding one is not a problem.

As far as the beginner is concerned, the betting systems used by a bookmaker are generally easy to follow, and their staff is always on hand to help. Betting on a bookmaker couldn't be easier, you just tell the cashier or member of staff which horses you would like to back and you hand over your money, it’s that simple.

What Options Does a bookmaker Offer?

Some of betting systems that a bookmaker offer are as follows: Win singles - where you bet on one horse and it must win the race. Each-way bets - where your horse can either win the race or finish in one of the predetermined places for the race. > A forecast bet - where you have to pick the winner and runner up. > A trifecta bet - where you'll need to select the first, second and third place horses

There are several others too, but this is gives you a flavour for the variety of betting systems and options that are offered by a bookmaker.

How does a bookmaker differ From Using a Regular Bookmaker?

The principal difference between a punter betting with a bookmaker and using the bookmakers that you find in the betting ring at the course, is that with a bookie you know exactly what price you are getting and you generally have the choice to 'guarantee' or what is known as 'take the price'.

This is not the case when you bet with a bookmaker, as it is what is called pool betting.

Pool Betting is a type of betting system whereby the sum of all the money gambled on a particular bet, so for example on a single win - goes into a pool. A bookmaker then takes out its percentage of those funds and then the rest of the pool is divided between the winning tickets.

Bookmaker odds are very often similar to those offered by the on-course bookmakers, mainly because most punters will be keenly watching both, so as not to allow one to be overly different to the other.

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U-Win would like to thank Cliff Thurston for this great article

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