Can someone explain to me what this rule means on Ladbroke betting ?

If you lose your bet, you will get £50 back, that is only if you spend £50 on a single bet though.

You can bet at the racetrack(the best way),an off track betting shop or online if you don't want leave the house. However you should first learn how to read a racing form so that you will know how to pick out the horse or horses that should have the best chance of winning any particular race. This is not something you learn in a short period of time and it never hurts to see who the experts like in a race and use that as a guide when you are studying the racing form. There are also many good books written on handicapping horse racing. Unless you are very serious it will take quite awhile to become good at picking winners. The top experts only can only pick about 28 to 33% of winners most of the time so it is not easy. The best advice is that no one can consistently win by betting every race on a race card on a daily basis. This means you have to pick your spots like a professional gambler would do and then bet a a lot of money on one race. Real gamblers may go for several weeks waiting for the right situation to come up. The average racing fan like myself who doesn't go to the track every day wants to bet every race on the card when they do go and that is ok as long as you don't go crazy and bet more than you can afford to lose. It is fun but try and learn how to read the form and you will enjoy it even more. Ask someone you know who goes to the races a lot to explain the form and past performances to you and what everything means. I learned from my uncle when I was about 7 or 8 years old but of course it took a several more years to get decent at it. I haven't bothered much for many years now so I am just an average Joe when I go to the track. It's something you have to stay on top of if you want to be real good at it. Just take it easy when you first go to the track and make $2 dollar bets to place or show depending on the odds until you get more confident. Good luck.

Stick to your local bookies, Online you lose more money than you think.