Category: FAQ

The main reason that bookmakers are keen to promote multiple bets, such as doubles, trebles and accumulators, is that they are inherently more risky and therefore more profitable, for the layer, than single bets. Of course, such bets provide tasty bait for small-stakes punters – even without the added consolation of three, four or even five times the odds for a single winner in some cases – and bookmakers are quite happy to risk the occasional huge payout in return for regular profits.

By contrast, the single bet, specifically, the single win bet, is the least profitable of all horse racing bets for bookmakers. From the punter’s perspective, a single win bet is straightforward, involves no wastage of stakes and affords better bankroll management than any form of multiple bet. Furthermore, attempting to find a single selection to win a race focusses the mind on the strengths and weaknesses of the horse in question; the unit stake could be, say, 10, 50 or 100 times that placed on a typical multiple bet, so the selection process becomes a sharp, decisive – and, hopefully, profitable – exercise.

Handicap racing is based on the tried-and-tested premise that increasing or decreasing the weight that a horse carries will ultimately affect the speed at which it can gallop over a certain distance. Thus, by allotting each horse a weight proportional to its ability, it is possible to frame a race in which each participant has, at least in theory, an equal chance of winning. Handicap races, Flat and National Hunt, account for approximately 60% of all horse races run in Britain.

Handicap racing was ‘invented’ by Admiral Henry John Rous, who was, at the time, senior steward of the Jockey Club, in the mid-nineteenth century. Nowadays, handicapping is the responsibility of a team of professional handicappers employed by the British Horseracing Authority (BHA). To qualify for an official handicap rating, a horse must run in two or three non-handicap races, so that its ability can be assessed. Thereafter, each subsequent performance is monitored and the official rating may be increased, decreased or remain unchanged as a result. Handicap races are classified as ‘Class 2’, ‘Class 3’, etc, according to the official handicap ratings of the horses are eligible to compete; thus, an improving horse may need to step up in class as its official rating increases.

Flat racing is the discipline of horse racing that involves no obstacles. In Britain, Flat races are staged over distances between 5 furlongs and 2 miles 5 furlongs and 143 yards and, in most cases, started from starting stalls to ensure that participants break on level terms. Flat racing includes the most valuable and prestigious races on the British racing calendar, not least the five ‘Classic’ races, namely the 1,000 Guineas, 2,000 Guineas, Derby, Oaks and St. Leger. Indeed, Newmarket Racecourse in Suffolk, which plays host to the 1,000 and 2,000 Guineas, is considered the headquarters of British Flat racing.

Of the 59 racecourses on mainland Britain, 19 cater exclusively for Flat racing, while a further 17 offer Flat racing during the summer months and National Hunt racing during the winter. Traditionally, the British Flat racing season started with the Lincoln Handicap Meeting at Doncaster in late March or early April and ended with the November Handicap Meeting at the same course. However, Flat racing on synthetic, or all-weather, surfaces is staged on all bar three days of the year.

In National Hunt racing, an ‘open ditch’ is one type of obstacle that must be negotiated during a steeplechase. In fact, the Rules of Racing stipulate that, in any steeplechase, one in six obstacles must be an open ditch.

An open ditch consists of a standard, plain fence, the bottom of which is extended to accommodate a shallow ditch on the take-off side. The fence is constructed in the same fashion as any other plain fence – that is, of birch, or birch and spruce or any other approved material – and must stand at least 4’6″ high on the take-off side. However, the presence of the ditch increases the width, or spread, of the obstacle, such that it presents a more challenging test of jumping ability and agility than a plain fence alone. Steeplechasers must be nimble enough to approach the take-off board closely enough to stretch over the ditch and clear the fence successfully.

Perhaps the most famous open ditch in British National Hunt racing is the ‘The Chair’ at Aintree, which is jumped as the penultimate fence on the first circuit of the Grand National. The Chair stands 5’2″ high and is preceded by a 6′ wide ditch on the take-off side, making it the tallest and broadest obstacle on the Grand National Course.