The industry claims to have a turnover of billions of dollars. This growth would not have been possible if the human psychology of putting stakes and satisfying the craving of winning was not recognized. The casinos run all over the world whether considered legal or not in the Asian countries. Whereas the casinos and betting on sports is considered illegal the horse racing has been graded as a sport and is allowed to bet on. Horse racing alone fetches a business of one third of the total turnover of betting business.
This is booming trade with more new entrants getting attracted and joining the betting clubs especially due to extension and convenience of online betting. Now one doesn’t have to take time out of the busy routine or contact a bookie for placing wagers. One can silently participate in betting on their favorite sport or the horse. The fundamental goal set by Citibet Malaysia to provide a fantastic experience of horse racing and betting. Now, the main benefit of horse racing is that it is not bound by calendar dates, it is literally happening all through. There is usually no false play or fixing in horse racing. So, it shows pure and genuine results that are displayed on the display board. The winners get their winning amount in the account that they have set up with the Citibet Malaysia. There is no scientific pattern that is followed, people bet on the horses by observing the winning pattern and the track record of the horses and the jockey.
The bets too are of different kinds which are explained simply:
• Win
It is placing bet on the runner that one is confident is going to win.
• Place
It is just picking up a runner and one will get the amount according to the position at which the runner will finish i.e. first, second or third. Third place is considered only if there are more than eight racers.
• Each Way
Each way provides dual benefits to the player as they may get benefit of win and the place both in case the horse stands first.
• Quinella
A Quinella requires one to correctly select two runners that they think will finish first and second in pursuit, in any symmetry . There are two types of Quinellas
- Straight
- Standout
• Exacta
It is a bingo state where all the bets are won.
Other than that are:
• Duet
• Trifecta
• First 4
