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Horse Racing – Types of Wagers
24/02/12

Betting on the horses and turning a profit is by no means an easy undertaking. Bettors need to understand and factor in a host of variables, some of them downright outrageous (like the medication factor), but before everything else, they need to understand the plethora of options they have when it comes to the type of wagers they can make.

© Caroline Norris

Ascot

The most basic horse racing wagers are the “traditional” bunch: Win, Place, Show. The win bet is a really simple one: if the horse the player bets on wins, the player wins. Place is basically betting on the horse to finish second. If it does, the bet is a winner. Show is betting on a horse to finish third. The Across the Board bet includes all the above ones, meaning that if the horse finishes in first, second or third place, the player wins.
Another bet is the win-place. With this basic bet, the player wins if the horse finishes first or second.

These basic bets should cover just about every situation a recreational bettor would be interested in. There’s much more to betting on the horses though. There are all sorts of exotic bets, which – although quite daunting for beginners – offer a whole new betting dimension for experienced gamblers.

Skilled handicappers like the Exacta, which pays well although it carries quite adverse odds. The bettor basically wagers on two horses finishing first and second. A 4-2 exacta would mean that horses #4 and #2 have to finish first and second. In a simple exacta, the finishing order has to be 4-2 too (horse #4 finishes 1st and #2 finishes second). There are box exactas too. A box exacta will cost twice as much as a simple one, but it eliminates the finishing order variable, which means that #4 and #2 have to finish first and second, it doesn’t matter in which order.

The quinella is basically the same as the box exacta. The bettor wagers on two horses to finish in the top two positions, regardless of the actual finishing order.

Obviously, quinellas pay less than simple exactas, but that is common sense since the odds involved are much more favorable for the bettor.
Trifectas are bets involving three horses. A straight trifecta is about betting 3 horses to finish first, second and third. The finishing order has to correspond to the previously set order too. An example of a $1 trifecta is a 4-5-6, which means that horses #4, #5 and #6 have to finish in the top 3 positions, in that order. Box trifectas cost a lot more (a $1 trifecta may end up costing $6 in the box variant) but they offer many more winning combinations for the 3 horses involved.

Trifectas will often produce massive payouts. When it comes to huge payouts, we have to mention the superfecta too. A superfecta is about betting 4 horses to finish in the top 4 positions in the exact, pre-determined order. The superfecta wheel is a spin on the superfecta, which has one horse winning and various combinations of the other 3 horses finishing in 2nd-4th places.

Online poker players who know what’s best for their bottom line, register for poker prop deals. They do that because poker rooms use poker props to secure critical player liquidity and they pay them outstanding rakeback percentages in exchange.

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