How to Bet on Horses - Basic Horseracing
Betting Wagers
By Kenneth Strong
To effectively bet on horse racing you first
have to understand the types of wagers offered. Most online horse
betting sites and racetracks offer the popular wagers listed below.
Traditional horseracing betting wagers - Win,
Place, Show
WIN - You bet your horse to finish first.
If your horse wins you collect.
PLACE - You bet your horse to finish second. If your horse
finishes first or second you win.
SHOW - You bet your horse to finish third. If your horse
finishes first, second or third you win.
ACROSS THE BOARD - You bet your horse to win, place and
show. If your horse finishes anywhere in the first three positions
you win.
WIN-PLACE - You bet your horse to win and place. If your
horse finishes in either of the first two positions you win.
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HERE TO BET ON HORSES AT A RACEBOOK THAT GIVES YOU A 30% SIGN
UP BONUS
Exotic horseracing betting wagers – Exacta,
Quinella, Trifecta, Superfecta
EXACTA - You bet two horses to finish
first and second in exact order. A $2 Exacta 3-5 means that horse
#3 must win and horse #5 must finish second. A $2 Exacta box 3-5
costs twice as much ($4) but combines the two horses to finish
first and second, in either order. A $2 Exacta Box 3-5 pays off
if the final order finish is either 3-5 or 5-3. Exacta betting
is a favorite among skilled handicappers and can provide some
very lucrative payoffs. At some racetrack Exactas are referred
to as Exactors.
QUINELLA – You bet two horses to finish
first and second in either order. A $2 Quinella 4-5 pays off if
the final order of finish is 4-5 or 5-4. As long as your two horses
finish in the top two positions, you win. Quinellas generally
(but not always) pay less than Exactors, simply because your two
selections can finisher in either order, rather than in exact
order.
TRIFECTA – You bet three horses to finish
first, second and third in exact order. A $2 straight Trifecta
4-5-6 pays off only if the final order of finish is 4-5-6. A popular
wager among many horseracing fans is a $1 Trifecta box of three
or more horses. A $1 Trifecta box of three horses such as 4-5-6
costs $6 but includes six possible winning $1 combinations. The
box pays off if your three selections finish in the top three
positions in any order. The cost of a $1 Trifecta box is equal
to the number of combinations multiplied by $1. Trifectas can
produce huge payoffs on occasion. At some racetracks Trifectas
are referred to as Triactors.
SUPERFECTA – Another wager that can produce
huge payoffs. You bet four horses to finish first, second, third
and fourth in exact order. A $2 straight Superfecta 4-6-5-2 pays
off only if the final order of finish is 4-6-5-2. A popular wager
among many fans is a $1 Superfecta wheel, in which you select
one horse to win and a combination of other horses to finish second,
third and fourth. The cost of a $1 Superfecta wheel with one horse
to win and three other horses to finish in any order in the second,
third and fourth positions, costs $6. The cost of a $1 Superfecta
box including four horses to finish first second, third and fourth,
in any order, is $24.
WAGERING DENOMINATIONS - Exacta and Trifecta
boxes and wheels are offered at most online betting sites and
racetracks as $1 wagers. The minimum bet for a Quinella is $2.
Superfectas are offered at some racetracks for as little as $0.10
per combination. For example, a $0.10 Superfecta box including
four horses would cost you $2.40. Of course, a lower wagering
amount normally means a lower payout. If a $1 Superfecta box pays
off at $100, a $0.10 Superfecta Box would pay $10.
Multiple-Race horseracing betting wagers -
Daily Double, Win-3 (Pick-3), Win-4 (Pick-4) and Pick-6
CLICK HERE TO BET ON HORSES AT A RACEBOOK THAT
GIVES YOU A 30% SIGN UP BONUS
Multiple-race wagers require you to pick the
winners of a set number of consecutive races on one ticket. These
types of wagers can and do produce excellent payoffs, particularly
when favorites fail to win.
The Daily Double, featured on the first two and
last two races of the day at many racetracks, requires that you
pick the winners of two consecutive races. The Pick-3 or Win-3
requires you to select the winners of three consecutive races.
The Pick-4 or Win-4 requires you to select the winners of four
consecutive races and the Pick-6 requires you to select the winners
of six consecutive races.
Multiple race bets are usually offered as a $1
wager or greater. The cost of the wager is equal to the number
of horses selected in the first race (first leg) multiplied by
the number of horses selected in the second race (second leg),
multiplied by the number of horses in the third leg etc. for up
to six races, multiplied by the amount of your bet. For example:
$1 Win-4 Wheel: 1 with 4,5,6 with 2, with 3,4 would
be:
1 selection * 3 selections * 1 selection * 2 selections * $1 =
$6
It is slightly more difficult to select winning
combinations when playing exotic and multiple race bets, but the
risk is often worth the reward, especially if the favorite gets
beat. These wagers offer the best chance of making a big score
at the track for the least amount of money.
Related Articles:
Kenneth Strong's 5 part article on Betting
Horseracing
Great article on the in's and out's of How
to Bet on Exotics
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HERE TO BET ON HORSE RACING AT OVER 80 NORTH AMERICAN TRACKS!
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