Beginners Guide to Horse Racing
Don’t know your bumpers from your jumpers, your bays from your greys, or your fillies from your colts? You’ve come to the right place. Read on for our beginners guide to horse racing bet online.
Racing has a vocabulary of its own, and most of it describes money rather than horses. This page starts with the bet types you will actually be offered, moves to what the odds board is telling you, and ends with the few pieces of form that genuinely move a price. The folklore is left alone.

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Types of Horse Race
Horse racing in the UK and Ireland is split into two distinct branches. The first, flat racing, is simple: horses start, they run – either in a straight line or round a curved track – then they finish, the winner being the first past the post. The second, National Hunt racing, is slightly more complicated – not least for the horses and jockeys – in that obstacles must be negotiated on the way round the track.
National Hunt racing is split into two main categories: hurdles and steeplechases. (There are also National Hunt flat races called “bumpers”, but these are much less common.) The difference between the two is that horses running in steeplechases must jump fences that are higher and more solid than the hurdles in the hurdle races. Steeplechases often also include open ditches and water jumps, adding just a little more danger / excitement – depending whether you are watching or riding!
In both flat and National Hunt, races are also categorised by the age and experience of the horses, and the distance over which they run.
Classifications of Races
In both flat and National Hunt racing there are a series of classifications that indicate the prestige, likely purse value (amount paid out in prize money) and the quality of the horses involved, with Group 1 being the top classification in flat racing, attracting the best horses and offering the biggest purses, then, descending in importance through Group 2, Group 3, listed races and finally handicap races.
In National Hunt, Grade 1 races are the top notch, going down through Grade 2, Grade 3, listed, handicaps, and then bumpers (flat). Races are also given a “class” from 1-7, but all graded and listed races are Class 1 .
In handicaps, an official from the Jockey Club sets the weight each horse must carry in that race in order to provide a decent spectacle with close and exciting races. Generally speaking, the better the horse, the weight it must carry.
Betting on Horse Racing
For many – perhaps most – fans of horse racing, it is the betting element that brings the excitement, or a large chunk of it. The build up, the tension, the explosion of equine power and the jubilation – or disappointment – as the horse you backed finishes the race is part and parcel of today’s horse racing experience.
In brief, you first need to get a handle on the odds, most regularly displayed as fractions in the UK system. For instance, odds of 5/1 would mean that for every £1 you bet, you would receive £5 back (plus your original stake) should your horse romp home. Easy, right?
Then you have each way bets. If you back a horse each way, you are really placing two bets: one for the horse to win the race, and another for it to “place”. Depending on the size of the field, the horse can place in second, third, fourth and sometimes fifth (as bookmakers sometimes have special offers on the biggest races like the Grand National). The place part of the bet is paid at a proportion of the main odds, often ¼.
An each way bet will cost you twice the stake of a win (or “on the nose”) bet, but you have two chances to win. And if your horse wins the race you are paid out for both the win and the place bets.
Picking a Winner at Horse Racing
Easier said than done, or we’d all be rich and the bookies would all be bankrupt. There are obviously many factors to take into account when picking a potential winner from a field of horses: form, pedigree, trainer, jockey, whether the ground is suited to that horse, whether they like the current weather conditions, what weight they are given in a handicap, whether their odds have moved significantly… among many others.
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