Showing posts from June, 2015

What are the Odds? The Betting Basics for Packwood Grand

There’s a lot more to A Day at the Races than champagne and fashion (though, we’re atingle with the anticipation of a flute of Veuve and The Packwood Grand Best Dressed Award). Whether this is your first year at Calgary’s most social summer affair or you’re a seasoned veteran, you’ll need to know the betting basics to take the day in properly! 

The Lingo
Stakes: Your stake is how much you want to bet. The minimum for Packwood Grand is $1; there is no maximum. 
We said “basics,” okay? Your horse must finish 1st to be a win.Place: Your horse must finish 1st or 2nd. 
Across the Board: Three equal bets to win, place and show on a single horse 
Quick Picks: If you can’t decide, ask for a Quick Pick and a number will randomly be selected for you. 
Long Odds: You might hear that a horse has long odds (e.g. 33-1, 50/1, or even 500/1). This generally means that a horse is very unlikely to win. 
Short Odds:Short odds insinuates that a horse has a good chance of finishing first (e.g. 2/1, 4/1 or “…