Nov 04, 2019 These wagers are found at just about all types of tracks, including thoroughbred, harness, quarter horse, and greyhound tracks. Also included is a guide for estimating the cost of wagers that involve multiple combinations like boxes and keys, and a chart of payoffs for $2 win bets. TYPES OF HORSE RACING WAGERS Straight Bets. Win: The simplest bet you can make on a horse race. A Win bet is an attempt to predict the horse that. Similar to the Win bet, a Place bet on a horse is a bet that the horse will finish in first or second. Another variety of a straight.
Straight Bets
Win: The simplest bet you can make on a horse race. A Win bet is an attempt to predict the horse that will win the race. If the horse wins, you will collect on your bet. The odds listed for the horses on the toteboard are the Win odds for each horse. For example, if a horse shows '5' on the toteboard, if you bet him to Win for $2, you will get back $12 (5 times $2 plus your original $2 bet). This $2 payoff of $12 would also be shown on the result payoffs under the Win column (1st column) for the horse when the race is official.
Place: Similar to the Win bet, a Place bet on a horse is a bet that the horse will finish in first or second. If the horse does finish in one of the top two spots, you will collect the amount shown in the Place column (2nd column) for that horse on the result payoffs for each $2 you have bet. If you make a Place bet, note that it does not matter if the horse wins or comes in second, you will win the same amount. This bet has less risk than a Win bet, but also a smaller reward. If you are confident the horse will win the race, you will receive a larger return betting the horse to Win.
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Show: Another variety of a straight bet, the Show bet is used when you want to bet that a horse will finish in the top 3 positions in the race. For every $2 bet on the horse to Show, you will collect the amount shown in the Show column (3rd column) for that horse on the results payoffs. Again, if the horse comes in first or second, you will not win any more money than if the horse finishes third. This is the safest of the straight bets but also offers the smallest return. If you are confident the horse will finish better than third, you would have a larger return placing a Win or Place bet.
Combination Straight Bets
Across the Board (Win/Place/Show): This is a combination of the Win, Place, and Show wagers. If you bet a horse 'across the board' you are effectively betting him to Win, Place, and Show. If the horse wins, you collect on all 3 bets. If the horse comes in 2nd, you collect the Place and Show payoffs. If the horse comes in 3rd, you collect on the Show bet only. Since this is actually 3 bets combined, a $2 bet 'across the board' will cost $6.
Win/Place, Place/Show: These are simply 2 bet combinations of Win/Place and Place/Show, respectively. For a $2 bet, they cost $4.
Exotic Bets: Single Race
Exacta/Perfecta/Exactor: One of the simplest single-race exotic bets, the Exacta is the combination of predicting the winning horse and the second-place horse, in order. This will pay more than betting either of the horses to win or place. A $2 bet on an Exacta will pay out the amount shown for an Exacta bet on the wager payoffs after the race is official.
Quinella: Similar to the Exacta, but this does not require the bettor to predict the order of the top two horses. Simply put, the bettor only has to pick the horses which will finish in the top two places, but does not have to predict which of those two will actually win the race. Since this is easier to predict than an Exacta, it also pays less than the Exacta (typically it pays about half of the Exacta payoff).
Trifecta/Triactor: The Trifecta takes the Exacta a step further. It requires the bettor to pick the horses, in order, that finish in the top 3 positions in the race. It is significantly harder to predict than an Exacta, and accordingly will pay out much more for a winning bet. A $2 bet on a Trifecta will pay out the amount shown for the Trifecta on the wager payoffs after the race is official.
Superfecta: The most difficult of the single-race exotics, the Superfecta, requires the bettor to predict the first four finishers, in order. Predicting a Superfecta is very difficult and will always require the bettor to take different combinations of horses so that there are more chances of winning. The payoff for a Superfecta is generally very high, and is typically shown on the wager payoffs based on a $1 bet.
Exotic Bets: Multiple Races
Double: A Double is the simplest type of wager that spans multiple races. It requires the bettor to pick the winner in two consecutive races. Most tracks usually offer an Early Double (Races 1 & 2) and a Late Double (last two races on the card). There are also tracks that offer Double's in the middle of a card. If there is a Double available to be bet on, there will be a note of it on the first race (or leg) of the Double wager. The $2 payoff for a Double will be shown on the results for the second leg of the wager.
Pick 3/Pick 4/Pick 6 (Classix): These bets are all similar to the Double wager, only differing in the amount of consecutive races that a bettor needs to predict the winner. The larger the number, the harder it is to pick, as well as the greater the payoff. For these bets, it is recommended to take several combinations of horses in each race to increase your chances of winning (although this also increases the cost). Many race tracks have at least one or two available Pick 3's and/or Pick 4's on a card. Some tracks also offer one Pick 6 per card. If there is available Pick 3/4/6 to bet on, there will be a note of it on the first race (or leg) of the wager. The payoff for one of these bets will be shown on the results for the last leg of the wager. For Pick 3s and Pick 4s, if nobody has the required number of races correct, they will typically pay out for people who missed one less race. For example, if nobody predicted a Pick 4 correctly, people who had 3 of 4 correct will get paid. In addition, the payoff results would indicate a payoff for 'Pick 4 (3 of 4 correct)'. For a Pick 6, typically the track will also give a small payoff to bettors who had 5 of 6 correct. However, if nobody had all 6 correct, the majority of the Pick 6 pool will be carried over to the next racing day, making the subsequent Pick 6 pool even larger.
Place Pick All: This bet is similar to a Pick-x bet, except that you need a horse to place (come in 1st or 2nd) in each race, instead of to win. With a Place Pick All bet, you must pick a place horse in EVERY race on the card (usually 8 or 9 races).
Horse betting online is a great way to find betting lines on horses. Navigating through online horse betting websites can be difficult. Especially if you are an American player. Good thing, the world is morphing into a more online, electronic interface. Making online horse betting easier to navigate.
Betting Online on Horse Races
Horse betting online took rise in the 1980s. Before that horse gambling had to take place on the tracks. As the internet developed, so did online betting horses. Now, almost all major race tracks have their betting platform. Allowing bettors to place live bets from anywhere in the world.
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Because of the variety of betting websites. Serious racebooks will use incentives to catch your attention. These sites won't hesitate to match your first deposit by 50 or 100%. Encouraging you to place better or more bets.
Advantages of betting online
Betting online is a convenient way to bet on horse racing. It can be done anywhere, and at any time. If you schedule doesn't allow you to make a trip to the track, online is perfect.
- Betting online can earn you bonuses and rewards not offered at the race track.
- It gives you the freedom to be more selective on what you bet on.
- It allows you to analyze past performances to select the winner.
What are the best online horse betting sites?
Finding the best horse racing gambling site is a personal choice. Everyone has a different incentives that attract them. Every betting website will offer different bonuses and rewards.
Make sure you bet on the Kentucky Derby. That's because betting on the Kentucky Derby is a great way to get a good return on investment
Here, are the best online horse racing betting sites, based on research:
BovadaIntertopsBetOnlineMyBookieSportsBetting.agHorse Racing Wagering Sites
So how do you place bets online?
- Sign up, or log into your favorite site
- Select the race you wish to bet on
- Place your bet. This is where you can choose to do a single wager or an exotic wager
- Pick how much you want to bet
- You'll get a confirmation
- Watch the race.
Is horse race betting Legal in the US?
The the instatement of the Unlawful Internet Gambling Enforcement Act in 2006. It stopped Poker, Casinos and Sportsbooks from accepting US wagers. However, Horse racing betting sites got a carve-out.
They did this by only allowing pari-mutuel pools. This loophole allows any state to place an online horse racing bets
Is US horse betting legal online in my state?
38 states allow bidders to place online bets for horse races. They are:
- Alabama
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Louisana
- Maine
- Maryland
- Massachusetts
- Michigan
- New Jersey
- Minnesota
- Montana
- New Hampshire
- New Mexico
- North Dakota
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Dakota
- Tennessee
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Online horse racing betting is a great way to get your bet out there. Allowing even a bettor with a business schedule to place a bet. Doing your research to the find the right website for you. Will help you get the most rewarding experience. Allowing you to thoroughly enjoy betting horse racing as a rewarding past time.