Types of Horse Racing Bets

You have two types of wagers to choose from if you bet on the ponies: straight wagers and exotic wagers. For a novice, I recommend sticking with straight wagers. They are easy and cheap. You simply pick 1 horse to come in first, second, or thirdparty. The minimum wager at most tracks for a straight wager is just $2.
Exotic wagers permit you to make multiple bets on multiple horses in a single wager. Exotic wagers are generally a lot more difficult to win than straight wagers, require an advanced degree of knowledge and skill in horse picking, and therefore are more expensive. On the other hand, the payoffs on exotic wagers are much greater than straight ones.
Straight Wagers
Recall with a straight bet, you only bet on one horse.
WIN– You’re gambling that your horse will come in first place. If your horse finishes in first, you have to collect.
PLACE– When you bet on your horse to”place,” you are gambling he will arrive in first OR second. If your horse finishes in second or first, you get to collect. Payout for a place bet is significantly less than a triumph wager, but you do have the safety of being able to cash in if your horse finishes in the top two spots.
SHOW– You’re gambling that your horse will come in first, next, OR third. Because you’re hedging your bets, you’ve got a higher prospect of winning, however, the payout for a series bet is less than a win or set wager.
ACROSS THE BOARD– When you bet upon the board, you are gambling your horse to win, place, AND show. An across-the-board bet is what’s known as a”combo directly wager” because it’s three different bets (win, place, AND series ) in one. Because it’s three bets in one, an across-the-board bet is pricier than a simple win/place/show bet. For instance, a $2 across-the-board bet will cost you $1, since you are earning three $2 stakes. If your horse comes in first, you receive the win, place, and show cash. If your horse finishes second, you get place and show cash. If your horse comes in third, you just get the money. Across-the-board bets aren’t usually a good bet since they are expensive and have less profit possible.
WIN/PLACE, PLACE/SHOW– Much like an across-the-board bet in that you are making multiple straight wagers in one bet. In a win/place bet, you are gambling your horse to acquire AND place. If he wins, you collect both the win and put money. If he finishes second, you collect just the place money. In a place/show bet, you are betting that your horse will place and show. If your horse finishes second, you collect the area and show money; if he completes, you just get the money. As you’re placing numerous wagers in your horse in one wager, a win/place and place/show is much more expensive. A 2 win/place wager will cost you $4 since you’re betting $2 that your horse wins and $2 your horse places.
Exotic Wagers
Exotic wagers enable you to bet on multiple horses in a single bet, allowing you to increase your profit potential. But as I mentioned previously, they are much harder to win than straight stakes, can get expensive if you are not attentive, and require a great deal more skill in handicapping horses. Don’t hesitate to experiment with a few exotic wagers after you have completed a few straight bets.
EXACTA– You’re betting on two horses to enter second and first in an exact order. For instance, in the event that you put a $2 exacta on horses and 5, you can only accumulate if horse #3 comes in first and horse #5 comes in second. Exacta stakes are popular among skilled horse handicappers because the payoff can be extremely lucrative. You may also”box” your own exacta bet that means your two horses may come in any order in the top two spots and you still win. Boxing an exacta costs twice as far as a direct exacta bet. So a $2 box exacta on horses 5 and 3 will cost you $4.
QUINELLA– With a quinella bet, you’re betting on two horses to come in first and second in any order. Provided that your two horses finish in the top two spots, you win. Therefore, if you placed a $2 quinella bet on horses 6 and 1, you can gather if horse #1 and horse #6 come in first and second in any order. You could be thinking,”What’s the difference between a quinella and also a box exacta? Both enable you to win if both horses come in first or second.” The big distinction is price: a $2 quinella bet costs $2 while a $2 box exacta wager will cost you 4. Why would someone pay more to get a box exacta if it is essentially the same bet as a quinella? The payout for a box exacta is usually greater than a quinella bet, that’s why.
TRIFECTA– You wager three horses will end in first, second, and third in an exact order. If you put a $2 trifecta bet on 1-5-7, then you can only collect if horse #1 comes from first, horse #5 comes in second, and horse #7 comes from third. You can also box your trifecta bet so it’s possible to win if your three horses arrive in first, second, and third in any order. Boxing a trifecta will significantly boost the cost of your bet because there are many combinations. So a $2 box trifecta wager will actually cost you $12 or a $1 trifecta boxed will cost you $6.
SUPERFECTA– You bet that four horses will complete, first, next, third, and fourth in an specific order. As with exactas and trifectas, you can box a superfecta at an extra price. The minimum bet is frequently 10-cents, which makes it more appealing to many men and women.
I’m not going to get into”keying” horses using these exotic bets. That is a tiny bit too complex for our purposes here. Basically, keying horses permits you to decrease your bet, while raising your payout should you pick your horses directly. It’s something that I would research as soon as you get comfy handicapping horses with exotic wagers.

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