Types Of Horse Racing Bets
If #19 wins the race, you still win because of those horses being coupled as “the field” entry. The basic types of wagers online are win, place and show wagering. If you bet on a horse to win, the horse must finish first. If you bet to place, the horse can finish first or second. Like any type of gambling, there are different horse betting types depending on the race taking place. Please refer to this page for the different horse betting types accepted at our racebook. Common horse betting types are to win, place, show, exactas, quinellas, daily doubles, trifectas, superfectas and pick 3.
All variations of Basic Horse Racing bets stem from the premise that you will receive payouts based on the first, second, third and fourth place finishers.
Win Bet - You win by selecting the horse that finishes first (to win).
Horse Racing Bets Explained
Place Bet - You win by selecting the horse that finishes first or second (to place).
Show Bet - You win by selecting the horse that finishes first, second or third (to show).
Accross the Board Bet - You are wagering on a horse to Win, Place and Show. You receive one ticket for all three wagers. If your horse wins, you receive Win, Place and Show payouts; if your horse finishes second, you receive Place and Show payouts; and if your horse finishes third, you receive the Show payout. This type of bet might also include any two or three horse combinations of win, place and show bets such as win/show, win/place or place/show.
Types Of Horse Racing Bets Uk
Exotic Horse Racing Bet Types
Quinella - You win by selecting the first two finishers, in any order, in a designated race.
Exacta - You win by selecting the first two finishers, in exact order, in a designated race.
Trifecta - You win by selecting the first three horses in the exact order of finish, in a designated race.
Superfecta - You win by selecting the first four horses in the exact order of finish, in a designated race.
Daily Double - To win, you must select the winners of two designated, consecutive races by placing the wager before the first of the two races.
Pick-3 or Pick-4 - To win you must select the correct first place finisher in each of the races that make up the Pick-3 or Pick-4 ticket.
Pick-Six - To win you must select the correct first place finisher in each of the races that make up the Pick-Six ticket.
How Do Odds Work in Horse Racing?
Best Way To Bet Horses
Horse racing odds are fluid leading up to the race because they are dictated by the amount of money in the pools. Prior to every race day, a track official will release the morning lines. Those morning lines are a projection of where the odds for each horse will finish when the race goes off, and do not have any direct impact on potential payouts. Using those morning lines as a starting point, as more money comes in on certain horses, their odds will go down. Horses that aren't attracting a lot of money in the win pool will have their odds go up. Those odds will remain fluid all the way up until the moment the gates open and the race begins.
Kinds Of Horse Racing Bets
The most important thing to note is that the odds/payout you will receive are based on when the race starts, not when you place the bet. If you bet on a horse at 5-to-1 three minutes before the race and he goes off at 3-to-1, you're going to get paid based on those 3-to-1 odds. Conversely, if you bet on a horse at 5-to-1 and he goes off at 8-to-1, you're looking at a nice increased payout.