Types Of Horse Bets

Posted on 17-03-2021 by admin

Betting doesn’t have to be rocket science. Keep it simple by choosing a horse with a cool name. Or one that’s wearing your favorite color. But if you’re the analytical type who wants to consider a horse’s racing history, learn how to read a Racing Form and try your hand at handicapping.

Placing Your Bet

The easiest way to place your bet or wager is at the counter. Let the teller know the following information:

The racetrack (remember, you can bet on races at other tracks)
The race number
The dollar amount you want to bet
The type of bet
Your horse’s number

Ex. “At Santa Anita, third race, five dollars to win on number two.”

Types of Bets

If you go to the race track or to any race book, the range of betting propositions available to you will fall into two main categories: straight bets and exotics. Basic horse racing bet types. The main wage types “Win”, “Place”, and “Each Way” are fairly simple, but are the most popular. There are of course many other betting types available known as “exotic” bets, such as “Trifecta” (picking the 1st, 2nd an 3rd place finishers in order).

Types of horse racing bets. Tom Law 07:51 Jul 18th, 2018 101 Horse Racing. Racetracks offer multiple betting options that give horseplayers plenty of options on how to bet the races. The types of bets available on racing can be broken down into two categories – straight wagers and exotic wagers.
Traditional Horse Racing Wagers The traditional horse racing wagers are also known as straight bets. Not only are these the most popular type of wagers, they are also the most straightforward. The only thing that makes them slightly more complicated is that they vary slightly in different parts of the world.
Betting only on the winner of races can severely limit your chances of success, while using a variety of different wagers is much more likely to be profitable in the long run. Even if you’re a casual bettor, and only bet on the major horse races, it’s still a good idea to be aware of all your options.

There are many kinds of bets. But let’s start with the basic ones:

Win, Place and Show.

Win — If your horse finishes 1st, you win $$$.

Place — If your horse finishes 1st or 2nd, you win $$.

Show — If your horse finishes 1st, 2nd or 3rd, you win $.

Exotic Bets or Combination Wagers

Across the board — Three equal Win, Place and Show bets.

If your horse finishes 1st, you win all three bets.
If your horse finishes 2nd, you win on the Place and Show bets.
If your horse finishes 3rd, you win on the Show bet.

Exacta — Pick two horses in one race. If they finish 1st and 2nd, in exact order, you win.

Quinella — Pick two horses. If they finish 1st or 2nd, in either order, you win. Also known as an Exacta Box.

Trifecta — Pick three horses. If they finish 1st, 2nd and 3rd, in exact order, you win.

Superfecta — Pick four horses. If they finish 1st, 2nd, 3rd and 4th, in exact order, you win.

Daily Double — Two specific races make up the Daily Double. Pick one horse in each race. If they finish 1st in both races, you win. You have to make your bet before the first race.

Pick 3 — Similar to the Daily Double, but for three consecutive races.

Pick 4 — Similar to the Daily Double, but for four consecutive races.

Pick 6 — The biggest bet you can make. Pick the winning horse in six consecutive races. If you win, you win big.

If no one picks all six winners, those picking 5 out of 6 will split 30% of the Pick Six pool. The remaining 70% “carries over” to the next racing day, and will continue to do so each day until someone correctly chooses 6 winners out of 6 races.

Watch and Win

Types Of Horse Race Bets

After placing your bet, watch your horse run. If your horse comes in the money, sweet! But don’t plan on buying a private jet just yet. Wait until the race has been declared “official”. Then collect your winnings at any window.