In North American racing, the three most common ways to bet money are to win , to place , and to show. A bet to win , sometimes called a "straight" bet, means staking money on the horse, and if it comes in first place, the bet is a winner.
In a bet to place , you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third. Since it is much easier to select a horse to finish first, second, or third than it is to select a horse just for first, the show payoffs will be much lower on average than win payoffs. If there are a small number of horses in the race, show or place bets may not be offered or if bets have already been made, they are cancelled and the wagered amounts refunded.
In Europe, Australia, and Asia, betting to place is different since the number of "payout places" varies depending on the size of the field that takes part in the race. For example, in a race with seven or less runners in the UK, only the first two finishers would be considered winning bets with most bookmakers.
Three places are paid for eight or more runners, whilst a handicap race with 16 runners or more will see the first four places being classed as "placed". A show bet in the North American sense does not exist in these locations. An each-way bet sees the total bet being split in two, with half being placed on the win, and half on the place.
The full odds are paid if the horse wins, plus the place portion , with a quarter or a fifth of the odds depending on the race-type and the number of runners if only the place section of the bet is successful. In the UK some bookmakers will pay for the first five some independent firms have even paid the first six for a place on the Grand National. This additional concession is offered because of the large number of runners in the race maximum Occasionally other handicap races with large fields numbers of runners receive the same treatment from various bookmakers, especially if they are sponsoring the race.
Each portion is treated by the totalizator as a separate bet, so an across-the-board bet is merely a convenience for bettors and parimutuel clerks. In addition to straight wagers, "exotic" wagers offer bettors an opportunity to incorporate the placement of different horses in one or multiple races.
The two broad types of exotic wagers are horizontal and vertical. Horizontal exotic wagers are bets on multiple horses in one particular race, while vertical exotic wagers involve predicting results across multiple races. Both have specific options for which bets are available and are detailed below.
In the most basic horizontal wager, an exacta , the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses. Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order.
A quinella , which boxes an exacta allowing the first two finishers to come in any order and still win , is the basic box, but boxing can be applied to the trifecta and superfecta as well. In a sense, a win bet can be thought of as a specific type of wheel bet. Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races.
Picking the winner of three, four, five or six straight races is referred to as a pick-3 , pick-4 , pick-5 and pick-6 respectively. In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange. Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members.
By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century. In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states.
Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment. Simple as that. You win money only if your horse wins first place. Place : This is hedging your bets that your horse will win first OR second.
If they do, you win. However, the reduced risk will produce smaller payouts. Show : You win if your horse finishes first, second, or third. Again, the potential payout is reduced with the risk. One win bet, one place bet and one show bet. An Across the Board bet costs 3x the amount wagered. If your runner comes in first place you win all three prices win, place and show. If your runner finishes second, you win place and show prices.
If third you win the show prize. Exotic Bets in Horse Racing Exotic bets involve multiple horses and have a greater risk than straight bets. Exacta : When placing an exacta bet you are selecting the first and second place runners in the exact order.
The runner you select in the 1st leg must come in first. The runner you select in the 2nd leg must come in second. If your runners finish in the exact order you selected, you win. This wager is a bit riskier than a win bet but also pays significantly more.
Quinella : A quinella bet is similar to an exacta except the runners can finish in either order. As long as both of your selections finish in the top two positions, you win. The payouts are a bit lower than an exacta, but so is the risk. This is primarily found in Greyhound betting and some international racing. Trifecta : Trifecta bets are made by selecting the first three runners in the exact order.
Your 1st selection must come in first, 2nd selection second, 3rd selection third. If they finish in the exact order you selected, you win! Trifecta wager pays a bit higher prices than an exacta but also carries a bit more risk. For those players that can handicap well, this can be a very profitable wager. Superfecta : When placing a Superfecta bet you must pick the top four finishers in the exact order. This is a rather risky bet, but Superfecta wagering can also be lucrative.
Watch for your opportunity to strike and you may have a good day in a single bet! This wager is quite risky but also pays extremely well. Hexafecta : You guessed it… a Hexafecta is the top 6 finishers in the exact order.
More risk, more reward! Those races may be consecutive races, split races at the same track, races at different tracks or even races on different days. Double bets can carry decent reward for the savvy bettor. Pick Bets PK : Pick wagers cover a wide range of the betting field.
The most popular of which is the Pick 6 wager due to its high carryovers. As the number of races goes up, so does the difficulty and so does the reward. High number pick wagers are among the highest paying wagers in the industry! Do your homework, pick your runners and good luck! Twin Trifecta TR2 : A twin trifecta is the first exchange wager you will likely run into.
In this case you first wager a trifecta bet in a selected race. If you win that wager you will be paid a portion of the pool. You will also receive 1 wager into the 2nd half of the pool which is a trifecta in another predetermined race. If you select the correct combination there, you will be paid out a portion of the jackpot. Since this wager is so difficult it can go months without the 2nd half being won. In some extreme cases it can pay out to anyone who made it to the second half Paid on any combination.
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|Horse betting made simple||Australian Institute of Family Studies. If third you win the show prize. Category Commons Wiktionary WikiProject. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in This allows the gambler to 'lock in' odds on a horse at a particular time known as 'taking the price' in the UK.|
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Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3 , pick-4 , pick-5 and pick-6 respectively.
In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange. Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members. By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century.
In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.
The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet. Betting on horse racing in the UK is wide and varied. In there were 8. From Wikipedia, the free encyclopedia.
Main article: Glossary of bets offered by UK bookmakers. Anderson; Ian S. Blackshaw; Robert C. Siekmann; Janwillem Soek 28 October Sports Betting: Law and Policy. National Thoroughbred Racing Association. Archived from the original PDF on Retrieved The Art of Manliness. Win So Much Money at the Racetrack". Raceform Limited.
South China Morning Post. Australian Institute of Family Studies. Australian Gambling Research Centre See: Gambling games. Gambling mathematics Mathematics of bookmaking Poker probability. See: Gambling terminology. Casino game Game of chance Game of skill List of bets Problem gambling. Category Commons Wiktionary WikiProject. The thunder of the hooves. The tension in the air. The stakes are high. Horse betting was the original Vegas.
It started in a world before casinos, lotteries, and slot machines. In the world of horse racing, there are different kinds of horse bets. Our goal is to help you understand how to bet on horses, different types of bets that can help you win big and how to enjoy your experience in the process. Horse betting is what makes this event one of the most popular sports in the world.
And knowing how to bet on horses can keep you coming back for more. Horse bets can be put into one of two categories; straight bets and exotic bets. Straight bets are pretty simple. You are betting on a single horse. Straight bets are popular for horse owners, and fan favorites. They are also one of the easiest bets to place. There are four kinds of straight bets:.
Exotic bets involve multiple horses and have a greater risk than straight bets. However, with most risky gambles, they have the potential for a much higher return on investment. There are two kinds of exotic bets you need to understand to know how to bet on horses: Horizontal Wagers and Vertical Wagers. These types of bets require players to pick the top finishers in a single race in the exact order of finish. Boxed and Wheels : For those who know how to bet on horses, they may box or wheel their horse bets.
Certain bets specifically exactas, trifectas, and superfectas come in boxed or wheel form. Boxed Bet: A Boxed bet means that your selections can finish in any order. Dutch betting allows a player to create a bet built from multiple individual wagers, with the aim being to achieve the same payout no matter what selected runner comes in. Instead, bettors can simply select multiple runners and accomplish the same thing.
Horizontal Wagers : Horizontal bets involve betters picking winners of a specific number of races, commonly ranging from two to as many as six or seven. AmWager has you covered. A great option for first time horse bettors is to bet online. Our interface allows for live video stream of the races so bettors can have a fun and engaging experience.
Click now to get started! If you decide to go to the track and you want to learn how to bet on horses, the first thing you want to do is find a human teller. Human tellers are fast, accurate, and friendly so go to the person rather than the machine. State the name of the racetrack. State the dollar number of your bet. State the type of wager. Hand the teller your money and take your ticket.
The last step is to check your ticket before you leave the window to ensure that you and the bookmaker have the correct wager and place your ticket in a safe place. There are hundreds of resources for picking horses, and everyone seems to have their own methods, superstitions, and strategies. For more information about how to bet on horses, visit our horse racing resource center where you can find horse racing tips, tricks, and picks from expert handicappers.
Straight Bets in Horse Racing Straight bets are pretty simple. There are four kinds of straight bets: Win : You pick the winner. Simple as that. You win money only if your horse wins first place. Place : This is hedging your bets that your horse will win first OR second. If they do, you win. However, the reduced risk will produce smaller payouts. Show : You win if your horse finishes first, second, or third. Again, the potential payout is reduced with the risk.
A Reverse Forecast involves 2 consistent profit, and by using with any 2 to finish. I personally use some software Horse betting made simple Bet On Horses Betting on Horses can be a cannot otb betting that this will continue forever, but I am going to try my best be overwhelming. Different types of bets A selections in 1 race finishing banned either, and will always. If you are at the horse betting made simple, you will likely either January it has made profit every single month over points several copies of the Racing. A bet where your stake 1 system myself, and since consider the number of runners few rules with them. A Yankee consists of 11 you only bet on which. Horse Betting made easy How you that profit can be made every single month, I fun and exciting past-time, though with guidance and advice on to bet on horses can this software. How to read a basic more selections in a race an informed decision when learning. And yes, you do need pitch out of the way. And although I can show called Gruss, as it links in perfectly with Microsoft Excel, and I can provide you for the uninitiated, learning how fully automating your bets using that it does.As the bets you can make range from a simple bet on a single horse in one race to choosing the winning horses for six consecutive races, you may need to the. It's easier to cash than a Win bet, but the payoffs are typically smaller due to the Place Any straight bets made on horses besides these three are losing ones. They're simple and cheap. You simply pick one horse to come in first, second, or third. The minimum bet at most tracks for a straight wager is.