You have placed your bets, now it’s time to collect. So where do you go to find out the winning horse and the final odds? You come to the right place! Here we’ll teach you how to fill out a horse racing betting slip correctly, step-by-step so you can enjoy the experience and come back for more. It doesn’t take long to learn, but it can be tricky for those who aren’t used to writing in pen or on a tablet. So here’s a handy guide to follow, if you want to fill out a correct betting slip for horse racing. We’ll go over each part of the slip, including the outer envelope, the inner envelope, and the stub.
The Outer Envelope
The outer envelope is often a plain brown envelope, though it can be white or any other neutral colored paper. It is important to keep the outer envelope intact until you are finished filling out the stub. Once you have paid the required fees, you can tear it open to reveal the winning selections and the odds. It goes without saying that if you do not keep the outer envelope intact until after you have paid the required fees, you run the risk of losing your money. So do your best to keep the outer envelope intact until you are finished. This will make it much easier to return later on and try again if you accidentally ripped it open before you were done. You should also make sure to write the correct prices next to each selection; if you miscounted or miscalculated, it could cost you money.
The Inner Envelope
The inner envelope is the part of the betting slip that is most frequently used for collecting or recording small payments. Many bookmakers will ask you to put your payment in the inner envelope when you place your bet, especially if you are using a credit card. The inner envelope should be made of thick cardboard or similar materials, and it should be sealed with tape or an adhesive strip across the top. It is best to write the name of the horse and the amount you are paying in the inner envelope, then seal it and put it in your purse or wallet. You can also use the inner envelope to record your bets and payments if you do not want to carry the slip around in your hand all the time. You should also make sure to write the correct prices next to each selection; if you miscounted or miscalculated, it could cost you money.
The Stubs
Horse racing has a whole bunch of terms and phrases that you should know in order to properly complete a betting slip. If you bet on the track, you will receive two stubs, one for each horse you bet on. These are important documents that you must keep and follow the instructions on carefully. The first thing you need to do is fill out the stub for the horse you lost. If you bet on a losing horse, you will have to pay him or her back along with the winnings. In most cases, you will have to wait a few days before you can do this. When you return the stub for a losing horse, you should do so as quickly as possible. This is because the bookmaker has a certain number of days in which he can accept bets again, after which time they become void.
The second stub is for the horse you won. In order to claim your winnings, you will have to show this stub along with some form of identification. In many cases, this will be a credit card with your name on it. When you return this stub, you should do so as quickly as possible, otherwise you could lose your winnings. Along with the time limit, this is one of the major concerns if you are using an unconfirmed email address to make your bets; the bookmaker may not be able to reach you if you do not return the stub within the required time limit. In these cases, you risk having your winnings voided. The key takeaway from this is to make sure you have both your stubs when you return to the betting parlor. If you do not, you could lose out on a potentially lucrative opportunity. Also, make sure to keep both stubs until after the racing event, and, if you have not yet turned in your winning stub, do so as soon as possible. This is to maintain your credit with the bookmaker, as he may revoke your betting privileges if you are constantly missing deadlines.
Step One:
The first step is to simply write the name of the horse and the amount you are betting on it. For example, if you bet $10 on horse XYZ, you should write “XYZ” followed by the number “10”. Be sure to capitalize the first letter of each word, and also the names of the horses and the amounts you are betting on them. You should use a large, bold font for this part of the slip, and you should make sure that everything is legible. It is also helpful to number each selection in case you get confused as to which horse or amount you are supposed to be entering. If you have a lot of money on this one bet, it may be a good idea to put a symbol next to it to make it easier to identify. For example, if you bet $10,000 on the favorite horse, you could write “Favorites” next to the amount. Some bookmakers require you to use a certain font for the betting slip, so make sure you know what it is before you begin entering your selections.
Step Two:
After you have entered the name of the horse and the amount you’re betting on it, the next step is to fill in the next two blank spaces with the corresponding track names and distances, then fold the slip in half. As you did for the first stub, use a large, bold font for these parts, and make sure that everything is legible. You should also number each selection in case you get confused as to which horse or amount you are supposed to be entering.
Step Three:
Once you have filled out the first two stubs, it is time to complete the third and final step. Fold the outer envelope in half, and write the name of the horse and the amount of the wager in the next two blank spaces. Use a large, bold font, and make sure that everything is legible. Do not forget to put a $ symbol next to the amount you are betting, as some bookmakers require this. The final product should look something like this:
If you win, you need to keep all three stubs and bring them back to the bookmaker within the allowable time limit. If you do not, you need to either pay back your winnings or try again with a new set of stubs. Your responsibility as the bettor is to ensure that you keep track of your betting stubs and bring them back before the expiration date. Missing a deadline could result in losing your winnings. So it is essential that you follow the instructions carefully. If you have been diligent and followed each step correctly, you should have no trouble with the process. It is also possible to make mistakes which would lead to you losing your money, so it goes without saying that you must do your best to avoid this at all costs. This is where most people trip up, and it’s all due to simple human error. So if you want to be sure you don’t lose any money, be careful and follow these instructions precisely. We hope this article helped you in better understanding how to fill out a horse racing betting slip correctly, and hopefully helped you enjoy the experience a little more and come back for more.