Watching horse racing at the higher levels of the sport is a wonderful and eye soothing experience. It definitely gives you the adrenaline rush you have been craving for since a long time. In the below article we will gather more knowledge on how to bet on horse racing.
First and foremost it is imperative to understand the type of horse racing bets:
So there are two types of wagers namely straight wagers and exotic wagers. For a beginner, it is recommended to stick with straight wagers as they are simple and cheap. You select one horse and decide its rank.The straight wager betting starts from $2. In a straight wager, you are allowed to bet only on one horse.
Win: When you are betting that your horse will come in first place. If your horse comes first, you get your reward
PLACE– When you bet on your horse to “place,” you’re betting that he will either come in first OR second.
SHOW– In this, you bet that your horse will come in either in first, second, OR third position. Here you may get a higher chance of winning but the payout for a show bet is lesser than a win or place wager.
ACROSS THE BOARD– When you bet your horse to win, place AND show it is called the across the board bet or a “combo straight wager” because it’s three different bets (win, place, AND show) in one. This is more expensive than a simple win/place/show wager. If your horse is in the first position, you receive the win, place, and show money. If your horse finishes second, you earn the place and show money. If your horse comes in the third position, you only receive the show money.
WIN/PLACE, PLACE/SHOW–Here you can make multiple straight wagers in a single bet. In a win/place bet, you bet your horse to win AND place. If your horse wins, you get both the win and place money. If he finishes second, you get only the place money. Similarly, In a place/show bet, you bet that your horse will place and show and if your horse finishes second, you take all the place and show money; if he comes in the third position, you just get the show money.
Exotic Wagers: In exotic wagers, you can make multiple bets on multiple horses in a single wager. They are more difficult to win than straight wagers This is classified in the below types:
Exacta:
This happens when you bet that two horses will come first and second in exact order
Quintella:
Here you bet that the two horses will come in 1st and 2nd in any order
Trifecta: this happens when you bet that three horses will finish in first, second, and third in exact order.
SUPERFECTA– In this category, you bet that four horses will finish, first, second, third, and fourth in an exact order
For placing your bet
You need to tell the teller in a definite order for placing your bet. Follow the below order:
Racetrack and race number (This is needed only if you’re betting on a race at a different racetrack than the one you’re currently situated)
Amount of your bet
Type of bet you are placing
Horse’s program number
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