Horse betting definitions
If you’re looking for horse race betting
information and
how to bet on horses you've come to the right place! To start
off you must first understand the lingo and horse betting terms
so you are able to understand. Below is a list of race book and
horse betting terms for you to familiarize yourself with.
Horse Betting Terms
Straight Bets:
Probably the most famous terms when is comes to betting horse:
Win, Place, and Show
Win
A Win bet is just what it sounds like: betting that the horse
you pick will win the race. You win if the horse wins.
Place
A Place bet is wagering on the horse to either first or second
place.
Show
A Show bet is when you eager on the horse to finish first, second
or third.
Across The Board
This is a quick way to say that I want to bet a horse to finish
in any of the first three positions. If the horse wins you collect
all three bets. If the horse finishes 2nd then you collect the
place and show bets. If the horse finishes 3rd then you will only
collect the show bet.
Quinella
In the Quinella, you must pick the horses that finish first and
second. Either one can be first and the other one second. This
bet functions exactly the same as the "Exacta Box".
Although the Quinella has the same function as the "Exacta
Box" the payoff can vary substantially. You must remember
that there is no such wager of an exacta box, it is really two
separate bets on one ticket. Trifecta
With Trifectas you must pick the first three finishing horses
in the order of their finish.
Superfecta
With Superfectas you must pick the first four finishing horses
in the order of their finish.
Exacta
With this bet you must pick the first two finishing horses in
the order of their finish. You must pick the horse that wins and
the horse that finishes second.
Daily Double
The Daily Double is like a parlay bet involving two consecutive
races, usually the first two races on a card and the last two
races on a card. You must pick the winner of the first race and
the winner of the next race.
Pick 3
Pick 3: This wager includes picking the first place finishers
of three consecutive races. If one leg of the pick 3 is a loss
the entire wager will be deemed a loss.
These other types of wagering on horses are classified
as Exotic Wagers
Exacta: This is a bet involving two horses. To
win the two horses you pick in the order picked would have to
win and the other horse would have to run in second place.
Exacta Box: This wager is actually
two exacta bets on one ticket using the same 2 horses. Your horses
can run first and second in either order for your bet to be a
winner.
Exacta Wheel: If you are sure
of the first or second place finisher but unsure of the other
spot you can "key" one horse, for example the 4 and
bet "with all" to finish in the other position.
Exacta Partial Wheel: Like above
only instead of "with all" you can key your horse and
bet with a selection of others to finish in the other position.
Daily Double Wheel: Like the
exacta wheel, if you are sure of the winner of one of the two
races, you can key that horse and bet 'with all' on the other
race of the bet.
Daily Double Partial Wheel: Same
as above but rather than betting 'with all' you can select various
others of your choice.
Trifecta Box: Like the exacta
box, this would actually be 6 bets on one ticket. You are betting
all possible combinations of a three-horse wager. For example,
3,4,5 - 3,5,4 - 4,3,5 - 4,5,3 - 5,3,4 - 5,4,3.
Trifecta Wheel: Same as the exacta
wheel where one horse is keyed in one of the positions (first,
second or third) and all other horses are placed in the other
two positions.
Trifecta Partial Wheel: Same
as the trifecta wheel but instead of betting with all, selected
combinations are placed in the other two positions.
Pick 4: The first place finishers
of four consecutive races must be picked in order to win this
wager. The wager must be placed before post time of the first
race. If one leg of the pick 4 is a loss the entire wager will
be deemed a loss.
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