The world of horse racing is filled with an array of different bet types. The names and the conditions of the bets available can be very confusing, and along with working out bet returns, the whole process can become somewhat complicated and headache inducing. Here we take some of the pressure and confusion from you by taking a look at flag bets and asking: what is a flag bet in horse racing?
A flag bet is a betting type that involves more than one selection. The bet works by making multiple bets on the same four selections. These selections are:
- Six up and down singles
- Six doubles
- Four trebles
- One hour fold accumulator
This gives a total of 32 bets.
In order to win, you need for at least one of the selections to be successful. However, in order to make the bet lucrative and profitable, you will need at least four correct picks within the bet. Unlike other bets, the selections made need to come from four different events.
Advantages of a flag bet
There is a lot to take in when it comes to flag bets, and this can make them very interesting and exciting for those watching the races. There is a lot to consider and even when some bets have been lost there is still a chance to win, so one loss does not mean the end of the fun and the end of the betting. This is good when you are attending a race meet like Royal Ascot or Glorious Goodwood as it means that you are able to enjoy the racing with friends even though all of the bets in your flag bet do not come in. Knowing that you can still see a profit, even after a loss keeps you happy and interested at the races. Given the number of bets involved and the odds often given, the flag bet is also a profitable betting type for those who use it well.
Disadvantages of a flag bet
The flag bet is not a betting type that is recommended if you are new to the sport of horse racing and to horse race betting as it requires quite a bit of knowledge, experience and understanding in order to be used well and with success. This is because of the number of selections that are involved in a flag bet and the number of races that they must be taken from. You need to understand the handicapping system, the race card and the form guides in detail if you are going to be able to place a successful flag bet. It is the type of bet that bettors work their way up to and should not be used by casual bettors who are simply looking for a bit of fun at the races.
Overall, the flag bet is a useful tool for the experienced and knowledgeable bettor but is best avoided by those who are new to horse race betting.