So now readers know what the Royal Ascot Festival is all about, let’s fully explore Royal Ascot online betting.
Our guide on how to bet on the Royal Ascot Festival encompasses different aspects.
We look at the different types of betting markets, types of common Royal Ascot betting offers, what features of the Royal Ascot betting sites you should expect to see and more.
Royal Ascot Festival Betting Markets
This is the meat of the Royal Ascot online betting arena - the horse racing betting markets. The race-winner market is the most common and certainly one that beginners will lean on.
But there's a lot more to explore beyond that.
Here's a simple guide to some common ways to bet on Royal Ascot.
Win - The punter picks the horse they think will win the race.
Place - The number of places on offer will depend on the number of horses in the field. Backing a horse for a Place finish, for example, could cover them getting home within the first three or four places.
Top 2 Finish - As the name suggests, you back a selection in a race to finish in one of the top two spots.
Top 3 Finish - For a bigger sacrifice in odds (as risk is reduced), you can nominate a selection to finish within the top three.
Each Way - Each way betting in Royal Ascot online betting, or any horse races for that matter, will have terms. It could be 2 Places @ 1/4 the odds, but it will alter with the size of the field.
That means if your horse Places in the Top 2 you will be paid at 1/4 odds of the price struck on the bet.
An each-way bet is two parts, a Win and a Place combined. If the horse only Places, you get 1/4 odds. But you lose a portion of the stake that went towards the Win part of the bet.
Each-way selections are a great approach for longer-priced options in Royal Ascot betting. A 20/1 contender, for example, would pay out at odds of 5/1 if they were to Place.
Without/XX - It's not uncommon to see some big names like Baaeed and Stradivarius as odds-on favourites in a Royal Ascot line-up. In a race with a dominant favourite, it's good to explore alternative markets for Royal Ascot betting odds.
One of those alternative markets is the Without/XX, which means the race odds are priced up without the big favourite.
At the 2022 Royal Ascot Festival, Baaeed was the hottest odds-on favourite across the five days.
He won the Queen Anne Stakes at odds of 1/6. With those short odds, punters could have looked at the 'without Baaeed market' to back a selection they thought would 'win' the race if Baaeed's result was ignored.
To Finish Second - This is a simple alternative approach for Royal Ascot betting. Instead of picking a winner, select the horse you think will finish second.
It's another good option when there's a firm favourite or when you fancy a favourite will go close but may get beaten into second.
Multi-Bets and More
Drop by a Royal Ascot betting site, and you will see a fantastic variety of betting options. The above section explores some of the single bet options for horse racing.
But betting on Royal Ascot can get much more intense and in-depth by creating multiples and total coverage bets.
The wagers below are very nuanced and usually for more seasoned punters. The appeal is that they don't need all selections to win to collect a return. But a full win can often be challenging to achieve as there's more involved.
Let's take a look at a few common ones:
Forecast - A popular approach. It's a bet where the first two horses are named to finish in the exact 1-2 order.
Tricast - A step further and adding a whole level of difficulty is the Tricast. That's naming the exact finishing order of the 1-2-3 in the race.
Doubles & Trebles - It is possible to link two or three horses together in a Double or Treble racing bet. All selections included have to win for the bet to be successful.
Lucky 15 - One of the most popular types of coverage bets used by punters in horse racing. Pick four selections, and from those, 15 bets are created. That includes singles, doubles, trebles and an accumulator. At least two of the selections have to win. A stake is required for each bet, so a £1 Lucky 15 would require a £15 stake.
Other Full Cover bets - These bets are hugely popular in horse racing. Different variations (depending on the number of selections) include the Trixie, Yankee, Canadian and Patent. Not all Full Cover bets include singles.
Royal Ascot Festival Odds
As a punter, you don't have to wait until Monday, the day before the Festival starts to look at the odds.
It's possible to look around Royal Ascot betting sites and find ante-post odds posted way ahead of the summer. From our experience, Bet365 is one of the leading betting sites for posting ante-post Royal Ascot online betting odds.
Ante-post markets are great for taking big bets on a future outcome if that's your approach. Results from races during the season affect Royal Ascot odds.
Once the final declarations are made for a Royal Ascot race (48 hours from the start), a significant shift in market odds will likely be seen. That's when the field is narrowed, and genuine support from punters comes in.