Avery Perri

Avery joined NorthStar Gaming as an intern in 2022 before stepping into a full-time role soon after. He loves betting on and analyzing golf — mainly because it’s easier than actually playing — but is a fan of all sports, from the NFL to the UFC.

Phillies vs. Dodgers props Aug. 7: Back Gavin Stone and Freddie Freeman

Phillies vs. Dodgers props

The National League’s top two teams meet for the rubber match at Dodger Stadium tonight.

The pregame narrative: The Philadelphia Phillies have struggled to hit right-handed pitching lately so I’m taking the over on Gavin Stone’s strikeout total. Freddie Freeman is also a good bet to record multiple bases in a plus matchup.

Check out my Phillies vs. Dodgers props for Aug. 7.

Phillies vs. Dodgers props

Go to full Phillies/Dodgers betting markets.

Best Bet: Stone over 4.5 strikeouts (-125)

Embed: #90738

Twice in the past week, I’ve backed righties to clear their K prop against Philadelphia (Logan Gilbert o6.5 Ks, Tyler Glasnow o7.5 Ks) and twice it’s cashed.

Stone isn’t near the level of those two pitchers but I like his odds of making it 3-for-3.

The Phillies are in a 5-12 slide since the all-star break mainly due to an offensive power outage against righties. They rank 20th in K rate (23.8%), 25th in batting average (.218), and 27th in wRC+ (74) vs. RHP since July 19.

Bryce Harper, Trea Turner and J.T. Realmuto are all batting below the Mendoza Line in that span with Harper and Turner having more strikeouts than hits.

Stone does a good job making batters swing at junk, as evidenced by his 83rd percentile chase rate (31.7), per Baseball Savant.

He’s not great at putting batters away (18.5% K rate, 20th percentile) but I’m hoping a struggling Phillies lineup won’t be disciplined enough to wait for good pitches.

Key stat: Stone has cleared this mark in five of his last 10 games.

Quick pick

Freeman over 1.5 bases (+112): Freeman is one guy who definitely doesn’t struggle to hit righties.

Embed: #90739

In fact, the first baseman has made a career of capitalizing on his platoon advantage with .313/.404/.541 splits against RHPs since he entered the league.

This year has been no different. Freeman is batting .311 with a .951 OPS against righties.

Rookie Tyler Phillips gets the ball for Philadelphia and he just got rocked by the Seattle Mariners.

Phillips gave up five hits (three of which left the ballpark) and eight earned runs in just 1.2 IP last Friday.

He only allowed five earned runs in four starts before that but did have a 4.89 ERA in 92.0 innings of Triple-A ball prior to being called up in July.

I expect Freeman to get after the 26-year-old tonight.

Picks made at 12:38 p.m. ET 08/07/2024.

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How to bet on Euro 2024: Props, futures, parlays and more

How to bet on Euro 2024

Want to learn how to bet on Euro 2024? You’ve come to the right place.

Twenty-four of Europe’s top teams battle for UEFA’s crown jewel beginning on June 14. England and France are the favourites, Italy defends its title, and Cristiano Ronaldo is likely in his last Euro Cup with Portugal.

Let’s get dialled in, because this only comes around once every four years.

How to bet on Euro 2024

There are many ways to bet on Euro 2024, from game outcomes to player-specific results.

When betting on a match, there are several variables to consider. Is a star player injured? Who holds the tactical advantage? Which country is in better form? These are all important questions to ask.

We will cover the many different markets available to soccer bettors and how to capitalize on them in this piece.

Full-time result

Betting on the full-time result is the most popular way to wager on soccer. Games can end in a tie, so think of it as a three-way moneyline bet.

There are three possible options to choose from: Team A, Team B, and Draw.

Since a draw is possible, the favourite will not always be denoted with a minus (-) symbol and can sometimes be labelled at plus (+) money.

In association football, the odds are typically skewed in favour of the home team when two evenly-matched teams play.

But in a tournament like Euro 2024, Germany is the only host, so favourites will indicate the stronger side.

For example, England is the favourite to win Euro 2024 and will play Serbia on Matchday 1.

England is a -225 favourite, Serbia is a +650 underdog, and a draw is +360.

Sportsbooks are placing a 69.23% implied probability of England winning the match at -225. You would have to wager $225 to win $100.

Here are some other examples of how odds work:

OddsWagerWinImplied Probability
-225$225$10069.23%
-110$110$10052.38%
+360$100$36021.74%
+650$100$65013.33%

When deciding what to bet, some important factors could include injuries, team form, and weather.

Draw no-bet and double-results

If you wish to bet on a soccer moneyline without the option of a tie, choose the draw no bet option. This returns your stake if a draw occurs, but also lowers the odds on either team to win.  

Let’s use a match between Italy and Albania as an example of what these odds will look like with two teams competing.

Betting MarketItalyDrawAlbania
Three-way-250+365+790
Draw no bet-1,250 N/A+575

This removes the risk of losing your bet on a last-second tying goal or a 0-0 snoozefest.

You can also bet double results, which would look something like this:

  • Italy or tie (-2,500)
  • Albania or tie (+195)

Wagering a double-results allows bettors to capitalize on underdogs when they’re confident a team can at least tie the game.

How to bet on Euro 2024: Goal line

If you want to back Italy to win that game but don’t want to pay the juice, you can turn to goal line betting.

Similar to the puck line in hockey, or run line in baseball, the goal line allows bettors to capitalize on markets where one team is significantly favoured. It’s a version of betting against the spread (ATS).

Italy was -250 for a full-time result win, so there’s very little value in betting them on the moneyline.

How to bet Euro 2024
Italy won Euro 2020. Photo by Laurence Griffiths/AP.

However, you can bet the Azzurri -1.5 at +120. If Italy wins by two-plus goals, it would cover. If Albania, on the other hand, lost by or fewer goals — or won straight up — it would cover.

Totals

Betting the total, or over/under, in soccer is extremely popular and is the simplest of all wagers. You’re betting on the total amount of goals scored in a contest.

Let’s say the O/U is set at 2.5.

If three or more goals are scored, the over wins. The under would require two or fewer goals to cash.

The total for most matches is commonly set at 2.5 but can vary from 1.5 to 4.5 at the high end depending on who is playing.

In most sports, the O/U is typically set at even -110 odds per side.

In soccer, however, there’s more variance. For example, an over set at 1.5 could be -165, while the under would be listed at +150. A 3.5 total could be presented at +170 for the over, and the under at -175.

There’s also an option to “tease” the total higher or lower.

This is known as an alternate total. If you think a match will be high-scoring and the over is set at 2.5, you could move the line to 3.5 or even 4.5 — and the odds would similarly change.

 TotalOverUnder
1.5-450+300
2.5-130+105
3.5+175-250
4.5+450-700

In addition to game totals, you can bet team totals, which follow the same principles but only apply to one team.

How to bet on Euro 2024 player props

Player props are relatively straightforward. Let’s use Kylian Mbappe as an example.

You can bet on how many shots, shots on target, or assists he will have. Beyond that, there are props for the French striker to score a goal or receive a card, among others.

https://twitter.com/TSN_Sports/status/1604518537841717248

The odds for Mbappe, a striker, to score a goal would be significantly higher (around -125) than his teammate Aurelien Tchouameni, a defensive midfielder (+900).

Parlays

Parlays are a way to combine multiple bets into one larger ticket for a greater payout.

A parlay consists of two or more bets, each of which is known as a “leg”. Each leg must win for the parlay to be successful or else else the entire bet loses.

This drastically increases payout possibilities while the bettor assumes more risk.

You can parlay props, full-time results, totals and more into one ticket. Here is an example:

Draw full-time result, Italy v. Albania +365
England full-time result, England v. Serbia -225
Mbappe anytime goalscorer
-125

Odds of combined selection: +1,109 ($100 bet would win $1,109).

Outside of multi-game parlays, NorthStar Bets has the option for same-game parlays where you can combine multiple props and markets from the same game into one ticket.

Live Betting

Live betting is a way to wager on a game after it has started. While you can typically find all of the aforementioned markets when live betting, the odds could drastically change.

Let’s say England was playing France in the knockout stages. Prior to the game beginning, France was priced at -120 full-time result, while England was listed at +150 and a draw at +325.

If England went up 1-0 before halftime, the odds would shift and England would become favoured. If you believed France had a chance at coming back and winning, you could likely find their live full-time result odds at +300 or more.

Live betting player props are also a popular option. If Harry Kane was -125 to score a goal before the game and went into halftime without finding the net, his odds to score would rise to around +250.

How to bet on Euro 2024 futures

When placing a future, you are predicting an event that will take place further down the line.

In Euro 2024 you can bet on the results of the group stage, the top goalscorer, and which team will win the tournament, among others.

There are two options for group-stage betting. Firstly, you can pick the winner of each group. Or, you can pick if a team is to finish in the top half of a group, which would automatically qualify it for the knockout stages.

Top goalscorer is simple. Pick the player who will finish the tournament with the most goals.

Ronaldo was tied for a tournament-best five goals the last time around.

Euro 2024 final betting guide: Trends, key stats, players to watch

t’s crazy how quickly narratives can change in the NFL.

The San Francisco 49ers were a steamroller entering the playoffs. Two unconvincing, three-point playoff wins later and there’s some reason for doubt. This was supposedly the worst iteration of the Patrick Mahomes-led Kansas City Chiefs, and now they’re charging toward back-to-back Super Bowl titles.

Check out our Super Bowl betting guide, which features odds for the Big Game, historical trends and key stats.

Review tournament – over/unders

How they got here

England:

Spain:

Tactical preview/history/etc

This is the Chiefs’ fourth Super Bowl appearance in the last five seasons. Betting against Mahomes in the playoffs has been a fool’s errand.

Current QB Brock Purdy is undefeated (4-0) in playoff games where he’s played from start to finish.

Players to watch and props

Click linked odds in tables below to add selection to your betslip.

Goalscorer odds tableBetting odds
49ers moneyline-129
Chiefs moneyline+107
49ers -2-110
Chiefs +2-110
Brock Purdy over 243.5 passing yards-113
Brock Purdy under 243.5 passing yards-110
Patrick Mahomes over 259.5 passing yards-112
Patrick Mahomes under 259.5 passing yards-112

Soccer odds as of 2:15 p.m. on 02/07/2024.

San Francisco is a slight favourite in Super Bowl 58.

Let’s examine a handful of those below.

Make sure to check out the latest odds at NorthStar Bets to stay up to date.

Euro 2024 top goalscorer odds: Kylian Mbappe is the favourite

Euro Cup top goalscorer odds

Kylian Mbappe is favoured to be Euro 2024’s top goalscorer.

The latest: Mbappe won the Golden Boot at the 2022 World Cup in Qatar, ripping home eight goals, including a hat trick in the final. If France goes deep, he’ll surely fill the net again. Meanwhile, Kai Havertz is an intriguing long shot option for host nation Germany.

Here are the latest Euro 2024 top goalscorer odds for the tournament beginning on June 14.

Euro 2024 top goalscorer odds

Check out the latest odds to be the top goalscorer. Click odds to add selection to betslip.

PlayerOdds
Kylian Mbappe+450
Harry Kane+550
Cristiano Ronaldo+1,200
Jude Bellingham+1,400
Romelu Lukaku+1,600
Olivier Giroud+2,000
Antoine Griezmann+2,500
Phil Foden+2,500
Bukayo Saka+2,800
Kai Havertz+3,300
Alvaro Morata+3,300
Rasmus Hojlund+3,300
Goncalo Ramos+3,300

Best Euro 2024 top goalscorer odds

The favourite: Mbappe (+450)

Mbappe just completed his heavily anticipated transfer from PSG to Real Madrid.

But the 25-year-old striker has more important things on his mind right now. Mainly, guiding France to a third Euro Cup.

Mbappe’s first major tournament was at the 2018 World Cup when he scored four goals en route to winning it all. He doubled that total in 2022 but was a ghost at Euro 2020, scoring zero goals and adding just one assist.

France shockingly crashed out in the Round of 16 that year but it’s hard to imagine that happening again.

Les Blues are arguably the most talented team on paper and Mbappe is just getting better year after year. He just scored 35 goals for PSG in his final season with the club and is already third on France’s all-time scoring list.

Expect another huge tournament from the young superstar.

Other Euro 2024 top goalscorer choices

Best value: Havertz (+3,300)

Germany seems to be flying under the radar heading into this tournament.

The hosts have a solid squad and potential to go deep, and that makes Havertz an interesting choice to win this award.

The 24-year-old played a mix of attacking midfielder and forward for Arsenal this year and scored 14 goals in his debut season with the club.

PlayerOdds
Gianluca Scamacca+4,000
Florian Wirtz+4,000
Aleksader Mitrovic+4,000
Robert Lewandowski+4,000
Rafael Leao+4,000
Ilkay Gundogan+4,000
Joao Felix+4,000
Memphis Depay+4,000
Marcus Thuram+4,000
Niclas Fulkrug+4,000
Lamine Yamal+4,000
Cody Gakpo+4,000
Jamal Musiala+4,000

He has slotted in as Germany’s No. 9 recently and has 15 goals in 44 appearances with the country.

The Germans have what should be an easy group against Scotland, Hungary, and Switzerland. If Havertz can start hot against those teams he’ll be in a nice spot.

Top goalscorer notes

  • Harry Kane is second on the odds board. England’s all-time leading scorer has netted 62 goals in 89 appearances for his country. Kane is coming off a 44-goal season for Bayern Munich in his first season with the club.
  • Cristiano Ronaldo is the Euro Cup’s all-time leading goalscorer (14) and was tied for the most goals in 2020 (five), winning the Golden Boot thanks to having more assists than Patrik Schick. The Portuguese striker has scored 49 goals in 47 games since joining Al Nassr in Saudi Arabia.
  • Alvaro Morata scored three goals for Spain at the 2020 Euro Cup and is coming off a season where he scored 22 goals for Atletico Madrid in La Liga. If Spain can go deep the striker should be in contention for this award.

Euro 2024 FAQ: Dates, tournament schedule, favourites to win, and more

Euro Cup FAQ

The Euro Cup is quickly approaching.

Germany will host this year’s edition of the tournament with 24 teams vying for UEFA’s crown jewel. You might have some questions about how the tournament works, what the betting odds are, or how it is formatted.

Here is our Euro 2024 FAQ, which aims to answer 10 commonly asked questions about the event.

Euro 2024 FAQ

Q: When are the dates for Euro Cup 2024?
A: The tournament begins June 14 when Germany plays Scotland at Allianz Arena in Munich. The final will be played on July 14 at Olympiastadion in Berlin.

Q: Where will the Euro Cup take place?
A: Germany will host tournament games fir the third time, though this is the first time unified Germany is the sole host of the event. West Germany hosted in 1988 and four matches were played in Germany during Euro 2020. There are 10 different venues spanning from Hamburg to Frankfurt.

Q: What teams are in the 2024 Euro Cup?
A: There are 24 teams participating in Euro 2024 — Germany, Belgium, France, Portugal, Scotland, Spain, Turkey, Austria, England, Hungary, Slovakia, Albania, Denmark, Netherlands, Romania, Switzerland, Serbia, Czech Republic, Italy, Slovenia, Croatia, Georgia, Iceland, and Poland.

Looking to bet on the Euro Cup America? Sign up here.

Q: What is the tournament format for the 2024 Euro Cup?
A: The 24 teams are separated into six groups of four. Each team plays each of its group-stage counterparts once in a round-robin format. The top two teams from each group advance to the knockout stage as do the best four third-place teams. Teams are eliminated after each game from there until a winner is decided. There is also a third-place play-off for the losers of the semi-finals.

Q: How does the group stage point system work?
A: A win is worth three points, a draw is one point, and a loss is zero points. The top two teams on points advance automatically. If there is a tie, the tiebreak is sorted by head-to-head, with the next tiebreaker being goal-differential and then goals scored.

Q: What decides the best four third-place teams?
A: The best four third-place teams are first classified by points. Then goal difference takes precedence, followed by goals scored, and then wins. If there is still a tie, the lower disciplinary points (cards) will be the difference. If there is still a tie, Euro qualifying rankings will come into play.

Q: Who is the defending champion and who has the most titles?
A:
Italy won Euro 2020 after defeating host nation England in the final at Wembley Stadium. It was the country’s fourth finals appearance and second title. Germany and Spain are tied for the most titles with three apiece.

Q: Who are the favourites to win Euro 2024?
A: As of May 25, England is favoured to win Euro 2024 at +300. France is next on the list at +400 with host nation Germany right behind at +550. Portugal and Spain each hold +800 odds while Italy is +1,400 to defend its title, tied in odds with Belgium.

Want to bet on England at the Euro Cup? Sign up here.

Q: Will Ronaldo be playing at Euro 2024?
A: Ronaldo will be playing for Portugal in what could be his final tournament appearance with the team. He is the tournament’s all-time leading scorer (14), was the top scorer in 2020 (five), and won Euro 2016 with Portugal.

Q: What other teams and players are there to watch?
A: England and France project to be the most skilled teams on paper. Harry Kane and Kylian Mbappe are two of the most prolific strikers in the game and lead their respective countries on attack. Spain is known for its high-possession style of play but its top midfielder, Gavi, is missing the tournament with a torn ACL.

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Odds to win the U.S. Open: DeChambeau leads by three at Pinehurst

U.S. Open odds

Bryson DeChambeau is the favourite heading into Sunday at the U.S. Open.

The latest: Pinehurst No. 2 hasn’t disappointed. A stacked top of the leaderboard features names like DeChambeau, Rory McIlroy, Patrick Cantlay and Hideki Matsuyama.

Here are the latest U.S. Open odds.

U.S. Open odds

Check out the latest odds to win the U.S. Open. Click odds to bet now.

Embed: #83518

Best odds to win the U.S. Open

The favourite: Bryson DeChambeau (-120)

DeChambeau is in the mix at a third-straight major after shooting rounds of 67-69-67 to hold a three-shot lead heading into Sunday.

He ranks second in strokes gained: tee-to-green and fifth in strokes gained: putting. His ability to score is what’s separating him from the pack — DeChambeau made four birdies on the back nine on moving day.

DeChambeau won the U.S. Open back in 2020 and was runner-up at the PGA Championship last month.

U.S. Open betting notes

  • McIlroy sits three shots back at -4. He held the first-round lead but shot a 72 on Friday and a 69 on Saturday. His last five U.S. Open starts have been impressive: 2nd, T5, T7, T8, T9. But a win is what he wants.
  • Cantlay (-4) is searching for his first-ever major victory and he’s never been closer. He’s made the cut at all seven U.S. Opens he’s started but has never finished inside the top 10 at one of those events. In fact, he only has four top-10 finishes in 26 starts as a pro.
  • Corey Conners held the shortest pre-tournament odds of any Canadian in the field at 60-to-1. He’s T9 (E) and is now +9,000.

Euro 2024 Matchday 1 odds and schedule: Portugal begins group stage on June 18

Euro 2024 matchday 1 odds

Euro 2024 Matchday 1 began on Friday and it’s been chock-full of action.

The pregame narrative: Every team is in action as the group stage gets underway. Germany beat Scotland in the opener while Spain took down Croatia in the biggest game on the slate. Portugal is favoured in its opener.

Check out our Euro 2024 Matchday 1 odds and the schedule for the start of the tournament.

Euro 2024 Matchday 1 odds

Visit all of our Euro 2024 markets. Click on linked odds below to bet now. Note: Lines have changed/market no longer available if grey.

June 18 odds

Turkey vs. Georgia, 12:00 p.m. ET
Portugal vs. Czech Republic, 3:00 p.m. ET

Side ADrawSide B
Turkey -125+260Georgia +425
Portugal -182+340Czech Republic +540

Embed: #84000

Euro 2024 Matchday 1 betting insight

  • Portugal went a perfect 10-0-0 in Euro 2024 qualifying with a +34 goal differential. It has lost two of its last four friendlies, though Cristiano Ronaldo has played sparingly in those contests.

Soccer odds as of 4:44 p.m. ET on 06/11/24

Borussia Dortmund vs. Real Madrid Champions League final picks: Expect a low-scoring game at Wembley

Borussia Dortmund vs. Real Madrid Champions League final picks

Borussia Dortmund takes on Real Madrid in the Champions League final.

The pregame narrative: Dortmund’s underdog run to Wembley Stadium has been built on the back of great defence and strong goaltending. I’m taking the under even with high-powered Madrid on the other end of the pitch — and am also backing Niclas Fullkrug to record a shot on target.

Check out these Borussia Dortmund vs. Real Madrid Champions League final picks for June 1.

Borussia Dortmund vs. Real Madrid Champions League final picks

Best bet: Under 2.5 goals (+112)

Embed: #82742

Dortmund shut out Kylian Mbappe and Paris Saint-German through two legs of the semi-final.

The Parisians did generate a combined 4.7 expected goals in those games, per FBRef, but that speaks to the talent of keeper Gregor Kobel.

He’s posted a Champions League-leading six clean sheets and has only allowed eight goals in 11 games.

The defence in front of him has been stellar, too, blocking 48 shots and intercepting 110 passes during the tournament. Dortmund has conceded just five goals in the knockout stages (0.83 goals/game) and nine goals in total (0.75 goals/game).

But shutting down Madrid will still be a challenge.

Led by talents like Jude Bellingham and Vincicius Jr., Real’s offence rivals any team on the planet. They topped La Liga in goals scored (87) and goal differential (61) and haven’t been shut out in any of their 12 UCL games.

That said, Madrid has gone under this total in half of the knockout-stage games. It is averaging 1.6 goals per game in the knockout stage, down from 2.6 during the group stage.

With ample time to prepare for this fixture, I trust Edin Terzic’s side to stay the course on defence.

Key stat: Five straight Champions League finals have gone under this total, with four straight 1-0 matches.

Quick picks

Fullkrug over 0.5 shots on target (-127): Fullkrug has been the key cog in Dortmund’s attack this season.

Embed: #82741

He leads BVB in goals (15) and is second in assists (10) across all competitions. Three of those goals and two of those assists came in the Champions League.

But I’m not asking Fullkrug to score or assist on Saturday.

I just need the forward to register a shot on target, which is something he’s done in eight straight games. Fullkrurg has registered a SOT in five straight UCL games and leads the team in shots on target this season (36).

Picks made at 9:06 a.m. ET 05/30/2024.

March 21 NBA odds, schedule and matchups: Knicks play Nuggets, look for fifth straight win

NBA odds

March Madness will rule the day but there are still seven NBA games on tap, if that’s your thing.

The pregame narrative: The New York Knicks look for a fifth straight win but are without OG Anuoby and are big road underdogs to the Denver Nuggets. Elsewhere, the Dallas Mavericks and Sacramento Kings should cruise as double-digit favourites.

Check out today’s basketball schedule and our NBA odds for March 21.

NBA odds: March 21

Visit all of tonight’s NBA markets. Click on game odds below to bet now.

Sacramento Kings vs. Washington Wizards

Embed: #73011

Betting insight: Sacramento is 4-7 ATS this year on no rest but Washington has lost five straight games by 16-plus points.

New Orleans Pelicans vs. Orlando Magic

Embed: #73012

Betting insight: Orlando is a league-best 23-9 ATS at home and has won 14 of its past 18 games.

Brooklyn Nets vs. Milwaukee Bucks

Embed: #73013

Betting insight: Brooklyn is a league-worst 11-22 ATS on the road and Milwaukee has the sixth-best home net rating (+6.8) in the NBA.

Chicago Bulls vs. Houston Rockets

Embed: #73015

Betting insight: Houston has won eight of its past nine games, covering a 4-point spread seven times.

Utah Jazz vs. Dallas Mavericks

Embed: #73016

Betting insight: Dallas is 6-1 SU and ATS in its past seven games.

New York Knicks vs. Denver Nuggets

Embed: #73017

Betting insight: New York is 9-10 without Anunoby in the lineup since he joined the team (14-2 when he plays).

Atlanta Hawks vs. Phoenix Suns

Embed: #73018

Betting insight: The under is 12-3 in Phoenix’s last 15 games.

How to bet on horse racing: Winners, each-ways, exactas and more

how to bet on horse racing

Horse racing and betting go together like peanut butter and jam. If horses are running at a track, you ought to believe someone has a bet on it.

Betting culture has embraced horse racing for centuries, and ever since Secretariat etched himself into history by winning the Triple Crown in 1973, the public has been even more eager to get in on the action.

-> New to Horse racing wagering? Sign up at NorthStar Bets to get the latest odds, insights and betting tools throughout the season.

-> New to Horse racing wagering? Sign up at NorthStar Bets to get the latest odds, insights and betting tools throughout the season.

With single-game betting now legal in Canada, you can bet on the ponies from the comfort of your own home. We’ll lay out some of the possible markets right here.

How to bet on horse racing

At a racetrack, horse racing odds are displayed fractionally, so that’s how we’ll describe them for this betting guide. Luckily, with online sportsbooks, you can alter fractional odds to American or decimal if you prefer.

-> Before you get started, create your NorthStar Bets account to explore live odds and daily horse racing markets

-> Before you get started, create your NorthStar Bets account to explore live odds and horse racing markets

Win (outright betting)

Betting on a horse to win is the most common way to wager on a race. While it may be the most exhilarating, it doesn’t necessarily give you the best odds of winning. When picking a horse to win, they have to finish first out of the entire field, or else your ticket will lose.

All animals are equal, but some animals are more equal than others. This is especially true in racing, where certain horses will have far shorter odds to win than others. There are many variables that go into why a horse would be favoured, including its lineage, jockey, trainer, etc. Some odds vary on a race-to-race basis, depending on the track, weather, and the horse’s form.  

Let’s assume a race has eight competitors. One horse would be signified as the favourite and likely would have odds less than one (such as 1/4 or 3/8).

-> Want to see current outright horse racing prices? Check the latest at NorthStar Bets

-> Want to see current outright horse racing prices? Check the latest at NorthStar Bets

A horse with 1/4 odds means there is an 80% implied probability of that horse winning. If you placed a bet, you would win 1/4 of your stake, so a $100 bet would win $25, for a total return of $125.

As you continue looking at outright options, you may notice some horses have longer odds — perhaps 8/1 or 7/2. A horse at 8/1 means you would win $800 on a $100 bet, for a total payout of $900.

OddsWagerWinImplied probability
1/4$100$2580%
2/4$100$5066.6%
8/1$100$80011.1%
16/1$100$1,6005.88%

When betting winners, consider who trained the horse. Bob Baffert, for instance, has trained two Triple Crown winners and seen his horses win the Kentucky Derby and Preakness Stakes seven times each.

how to bet on horse racing
Justify, the 2018 Triple Crown winner, rounding the turn at the Belmont Stakes. Photo by Mary Altaffer/AP

Place and show

Betting on a horse to place or show are safer options than picking it to win. Place betting requires your horse to finish in the top two, while show betting requires a spot in the top three. If you’re betting show, it doesn’t matter which position the horse finishes in, as long as it’s in the top three.

Place and show betting create more leeway for you as a bettor, which is reflected in the odds. A horse that was 25/1 to win, for example, could be 10/1 to place and 4/1 to show. The implied probability of a horse winning at 25/1 is 3.85%, while its probability to place or show is 9.09% and 20%, respectively. Again, these odds will vary on a race-to-race basis, and there is no consistent scaling of win to place and show.

Let’s create a hypothetical horse race to demonstrate how the odds could look:

 HorseWinPlace (1-2)Show (1-2-3)
Country Fever6/58/151/4
Frankenstein5/16/44/5
River Rat13/22/11/1
Royal Chalice25/110/14/1

Let’s place a series of $100 bets on River Rat as an example. Betting him to win would net a profit of $650. Wagering on him to place would win $200, and betting on him to show would win $100.

-> Ready to try place and show betting? Join NorthStar Bets and explore live, moving lines daily

-> Ready to try place and show betting? Join NorthStar Bets and explore live, moving lines daily

Each-way betting

If you want the safety of a place bet, as well as the higher payout potential of a bet to win, you can place what is known as an each-way (E/W) bet, where the stake is increased twofold, and the return varies on place.

From our fictional race above, let’s put an E/W wager on Country Fever to win and place:

Country Fever (6/5) E/W 1/4 top 2 places

Under regular circumstances, a $100 bet on Country Fever to win would profit $120 (total return of $220). For an E/W bet, that same $100 wager is split in half because you are betting him each way ($50 to win, and $50 to place).

If Country Fever wins, you profit $60 for the victory (at 6/5 odds) and $15.02 for the place (at 3/10 odds), for a total return of $175.02. But if he finishes second (i.e., he places, but doesn’t win) you only receive the $15.02 payout at 3/10 odds (meaning your $100 wager nets $65.02).

The E/W method is typically a better idea among long shot horses because you would still have a solid return if the horse doesn’t win. For a horse like Country Fever, who is already the favourite, it’s not recommended.

John Velazquez riding Medina Spirit races to victory at the 147th running of the Kentucky Derby at Churchill Downs, Saturday, May 1, 2021, in Louisville, Ky. Jeff Roberson/AP

-> Check out the latest horse bets every day at NorthStar Bets

-> Check out the latest horse bets every day at NorthStar Bets

How to bet on horse racing: Exacta, trifecta and superfecta

Now we’re getting into some more advanced ways to bet horses. An exacta bet requires you to pick which horse will finish first and which horse will finish second. The order matters, and you have to get the bet exactly correct to win (hence the name). The chances of this occurring is much lower than picking a straight-up winner, but the payout is also a lot higher.

Exacta betting is tough to pull off, but if there are two heavy favourites and you have a good idea of what the horses run like, it could be a worthwhile play.

A trifecta is the same concept, except you are wagering on the top three finishes, while a superfecta is the top four finishes. Again, each horse has to finish in the exact spot you choose or the bet loses.

You may be thinking, “What are the odds of that happening?” Well, that’s a good question, and the short answer is … slim. Hitting a trifecta is incredibly difficult, and a superfecta even more so. At this point, you’re relying as much on luck as analysis.

That said, horse betting can be a fun way to spend the afternoon and if you’re keeping the stakes low, a trifecta or superfecta can provide a little added excitement with the possibility of a monster payday.

Typically for trifecta and superfecta betting, players will place multiple $1 bets to cover a series of combinations, creating some wiggle room for how the horses could finish.

Back in 2013, a woman betting horses for the first time placed 120 superfecta bets at $1 apiece during the Kentucky Derby. One of the bets won, and she netted $28,500 — let’s just call it beginner’s luck.

Parlays

Historically, when betting at a track, parlay options have been limited. You could place a “daily double,” which required a bettor to pick the winner of two consecutive races. Other options included a pick-three, pick-four, or pick-six – where you needed three, four, or six-straight winners. If someone hits a pick-six, I’d imagine CSIS would wonder how they gained access to a time machine.

-> Build your own horse racing Parlay when you join NorthStar Bets

-> Build your own horse racing Parlay when you join NorthStar Bets

In present day, you can parlay races with relative ease, making a combination of win, place or show bets to your liking. This provides flexibility for the bettor that was formerly unavailable.

Let’s make up some more horse names, shall we? Suppose you want to parlay Rolex Cooper, a 5/4 favourite, to win a race, and in the following race you want Modelo Midnight to place at 10/1. You can do that, and it would look like this:

Rolex Cooper to win race 1, Modelo Midnight to place 1-2 race 2 (23.75/1)

A $100 bet on this would win the bettor $2,375.

-> Ready to put your horse racing knowledge to use ? Sign up for NorthStar Bets to access live odds, props, parlays and exclusive Canadian Insights all season long

-> Ready to put your horse racing knowledge to use ? Sign up for NorthStar Bets to access live odds, props, parlays and exclusive Canadian Insights all season long