How to understand horse betting

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Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4. Daily Double or Double — Type of bet calling for the selection of winners of two consecutive races. Exacta — A wager in which the first two finishers in a race, in exact order of finish, must be picked.

Box — A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses. Exacta box — A wager in which all possible combinations using a given number of horses are selected.

For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order , , , etc. Quinella - Bet in which the first two finishers must be picked in either order. Trifecta — A bet in which the first three finishers must be selected in exact order. Trifecta box — A trifecta wager in which all possible combinations using a given number of horses are bet upon. Pick 6 or other number — A type of multi-race bet in which the winners of all the included races must be selected.

Brush Up on Gambling Lingo Bounce — A racehorse's especially poor performance on the heels of an especially good one. Chalk — Betting favorite in a race. Chalk player — Gambler who wagers on favorites. Key horse — A single horse used in multiple combinations in an exotic bet. On the board — Finishing among the first three. On the nose — Betting a horse to win only. Types of horse racing bets : win, place and show bets The simplest wagers in horse racing are win, place and show bets.

If your horse wins, the odds on the horse will determine how much you collect. You can read about how to calculate win payoffs here. Betting a horse to place means you think it will finish first or second. If either of those outcomes materialize, you will collect. Backing the same as betting a horse to show means that you believe it will finish somewhere in the top three. If it does, you will collect. It should come as no surprise that betting to place returns less than a successful win bet: You have, after all, effectively doubled your chances of collecting.

Likewise, a show bet returns less than a bet to win or place. You collect nothing. The strategy of betting on horses to win, place or show is pretty basic and depends on your level of confidence and the odds on the runner you intend to back. If you are confident that a certain horse will win a race, it is usually advisable to bet it to win and forego place and show bets to ensure that you adequately rewarded for your handicapping acumen.

One exception would be if your horse is going off at long odds, in which case backup place and show bets can be considered. Win betting on horse racing takes discipline. You should not make a win bet, or any bet, in every race, for instance. Because payouts are diminished, some players use paylays — multiple race bets determined by the player — to increase their profit. If that horse also wins, the entire amount could be wagered on a third horse in a third race, etc.

Most horseplayers include such bets in their repertoire because they can return significant rewards for a relatively small investment. The object in all these bets is to pick the winners of successive races, two in the Daily Double, four in the Pick 4 or six in the Pick 6, for example. To improve their odds of hitting multirace bets, most horseplayers use more than one horses in one or more of the races.

In the second race, the player figures that the solid favorite will carry the day, but race three looks like a real grab bag so five horses go on the ticket. In other words, you have 15 possible winning combinations on this ticket. The combination concept is important, as that allows you to calculate the cost of a ticket.

When that happens, the payout can be expected to skyrocket. The object with these wagers is to pick horses in the correct order of finish: exactas top two finishers in order ; trifectas top three finishers in order ; superfectas top 4 finishers in order or Hi 5 top five finishers in order.

As with multirace bets, many players include multiple horses in these bets to improve their odds of collecting. But if you select the 1 horse, the 4 horse and the 7 horse, they must finish in that exact order or your ticket is a loser.

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