If you've never placed a bet before, it can feel like a daunting prospect so here is a very handy guide to making a straight forward bet in a high street bookmakers. We start our guide with the simplest bet to understand, the win bet.
This is when you back a horse to come first in the Grand National. Lets say you bet £10 that Hedgehunter wins the Grand National at odds of 33/1. Should Hedgehunter come first you will get back £330 from the bookmakers plus your original £10 stake.
Should your horse, Hedgehunter, fall, finish second, third or anywhere else but first you lose your £10 stake.
How To Write A Betting Slip
Placing The Bet
Step 1: Pick up a slip
The simplest and easiest type of betting within a shop is on a plain betting slip. On the slip you will find spaces for writing in your stake, your selection, and the time and place of the event you are betting on.
Step 2: Look at the screens
The vast majority of the day's events and odds will be up on the betting shop's screens. All the details you need to fill in your betting slip will be on those screens. The slip will now be ready to take over to the betting counter, where your bet's details will be processed, and a confirmation receipt issued.
Step 3: Ask for your price
If you wish to take the odds, or ‘price', shown on the screens, make sure to ask for it at the betting counter. They will write the current price down on your slip. If you do not do this, your bet will be placed with the final price offered for the bet, which often shortens as your chosen event draws nearer. The rule of thumb is to always take the current price, as most odds do shorten.