The rating of a horse
The rating is calculated on the basis of the number of stakes in favour of each horse.
Bets are simple: at every trotting or gallop race, each horse is given a rating (also called probable ratio) which expresses the expected payoffs from a 1-euro bet considering all PMU and PMH (Pari Mutuel Hippodrome) stakes. The rating makes it possible to see which horses bettors wager the most on. When a horse gathers many bets, its rating is lowered and it becomes a FAVORITE, with greater chance to win the race but lower payoffs. When few gamblers bet on a particular horse, it becomes an OUTSIDER with little chance of winning but higher payoffs.
For example, a 3-euros "winning" bet on a favourite with a rating of 3-against-1 will result in a 9-euros payoff if the horse wins the race.
A bet is made out of 3 elements:
- The stake (bet), with a minimum of 3 euros
- The numbers of the horses chosen by the bettor
- The bet types
The single-race bet
Win: The designated horse has to win the race
Show: The designated horse has to finish 1st, 2nd or 3rd in the race
The designated horses have to finish 1st and 2nd in the race in any order
This bet designates the three horses which will finish 1st, 2nd and 3rd in any order
This bet is the most famous one and involves designating the three horses which will finish 1st, 2nd and 3rd in the exact order (then the bettor receives the right-order trifecta ratio) or in any order (the bettor receives the wrong-order trifecta ratio, which is lower than the right-order ratio).
The audience have around 30 minutes between each race to place their bets. Depending on those bets, the ratings of horses and wagers evolve until the race starts.
Betting on the racetrack is organized on-site in two different ways:
- Parimutuel betting: the rating given at the time the bet is made is not guaranteed and only the rating at the start of the race matters.
For example, a bettor can place a 3-against-1 bet on a horse ten minutes before a race but its rating can decrease or increase until the race starts depending on the amount of wagers (law of supply and demand).
- Bookmakers: the rating given at the time the bet is made is guaranteed no matter its ulterior fluctuation. This bet system is only used for placed and winning bets.
Note: For all bets made on the racetrack location, the debiting is very low: the return on winning bets expressed in percentage represents more than one and a half that of lottery winnings!
The Hippodrome de Wallonie| Mons organizes Belgian races which benefit Belgian bettors but it also holds “Premium” races on which not only Belgian punters can bet, but also those from France and from countries which are partners of the French PMU.
During these “Premium” races, bets made through bookmakers are forbidden, in accordance with the French legislation.