Royal Ascot Betting Odds
Royal Ascot is one of Britain’s longest running race meetings and is the crown jewel of Ascot Racecourse’s calendar. Ever since it was founded in 1711 by Queen Anne it has enjoyed a close relationship with the Royal Family, members of which arrive in stylish horse-drawn carriages to witness the raising of the Queen’s Royal Standard.
But enough of the princes and princesses – the punters have plenty to celebrate as well. Over 300,000 racegoers normally attend the meeting in June, but you don’t need to be in the company of the privileged members to place a bet. Read on to find out more about Royal Ascot betting odds, what markets to bet in and where to find the best bets online.
Understanding Royal Ascot Odds
Royal Ascot is a huge betting opportunity for UK bookies, and the betting odds work in the same way as other horse races. Each horse is given odds based on previous performances, as well as any other information that might reach the bookies’ ears. Most bookmakers will display them as fractional odds, so for example, if you have a bet with odds of 4/1, this means for every £1 you bet you will get £4 back if the horse wins, plus your original stake as well. This is not to be confused with 1/4, which is called “four-to-one on”. Horses at these odds are expected to win, so the bet is reversed: for every £4 you bet, you only get £1 back.
The other betting system is decimal odds. For the same fractional odds of 4/1, we would see 5.00 in decimal, which you would multiply with your bet to calculate your potential winnings. Although you might wonder why it is 5.00 and not 4.00, it's because as well as winning four times your bet you also get the original wager back, which makes it five in total. Some punters prefer decimal points as the stake back is already included in the winning odds.
Finding the Best Royal Ascot Betting Odds
The pomp and circumstance of Royal Ascot elevates it above almost every other race meeting in the year. Not only does this mean the meeting makes more headlines and the winners get more fame and glory, but it also means that more bettors will take home a slice of the pot.
Instead of jumping through hurdles to find the best online betting sites it may be quicker to check out a reputable comparison site such as Bookmakers.co.uk. Once you are here, you’ll be able to analyse each race and compare Royal Ascot odds from several different sportsbooks.
Once you have a selection of bookies to place bets with, have a look to see if any of them have sign-up bonuses or free bet offers. Although one sports book may have slightly better odds, this edge may be outmatched by a free bet that you can then use on another Royal Ascot race. Always make sure to read the terms and conditions to find out about any stipulated wagering requirements that you must meet before you are allowed to withdraw any free bet winnings.
Top Royal Ascot Betting Markets to Consider
is the most valuable race meeting in Britain, with prize money exceeding £7million, every race is uber competitive, with the best horses in the world competing. There are six races on each of the five race days at Royal Ascot, each day featuring a highlighted race named after members of the Royal Family, including the Prince of Wales’s Stakes, the Queen Anne Stakes and the Queen Alexandra Stakes.
There are also races named after royal-related things such as the St. James's Palace Stakes, the Royal Hunt Cup and the Queen’s Vase. However, the biggest race of Royal Ascot is the Ascot Gold Cup, both in terms of the size of the prize pool and race length at two miles and four furlongs.
In order to make the most of Royal Ascot betting odds, there are several different types of bet to choose from. A Single Bet means that you pick a horse to win that race and bookmakers only pay out if it wins. To spread your bet more evenly, you could bet Each Way, where you will get a payout if your horse wins or if they are placed, which usually means second, third and sometimes fourth, depending on the race and how many runners there are.