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Types of horse racing bets

types of horse racing bets

Patent Horze patent is balex bets of equal value on types of horse racing bets separate events, such as three racinf, three doubles and one treble. To types of horse racing bets advantage of our great odds and promotions, register at BetMGM. Betting on horse racing is ingrained in local culture and is seen as an investment. Join Our FREE Newsletter Subscribe to our newsletter to stay up to date with the latest US betting news and gain access to exclusive bonuses, promotions, and offers.

Types of horse racing bets -

Quinella — Pick two horses. If they finish 1st or 2nd, in either order, you win. Also known as an Exacta Box. Trifecta — Pick three horses. If they finish 1st, 2nd and 3rd, in exact order, you win.

Superfecta — Pick four horses. If they finish 1st, 2nd, 3rd and 4th, in exact order, you win. Daily Double — Two specific races make up the Daily Double.

Pick one horse in each race. If they finish 1st in both races, you win. A three horse exacta box is a viable wager too. A quinella is an intriguing option that could fit into either vertical exotic or boxing exotic category, depending on how you want to look at it.

In order to win a quinella, you must choose who will finish first and who will finish second in a race, but the order does not matter.

For handicapping purposes, a two horse quinella and a two horse exacta box are exactly the same. As such the same approach can be taken to handicapping both wager types, though it makes sense to use them in slightly different scenarios.

Because quinella bets and exacta wagers go into separate betting pools, the odds may differ. If I bet a one-dollar exacta box two dollars total, one dollar on the combination, and one dollar on combo , I am betting against everyone else who has played exactas.

A two-dollar quinella covers the same two potential outcomes as the above-mentioned exacta box but does not tie half the wager to each one. Therefore, the quinella bet is graded based on how much money is on various quinella combinations rather than being placed into the same pool as other exotic wagers.

If you think the lower priced horse will win, and the longer shot will finish second, consider the quinella because the exacta is likely to pay less.

Now that you know how to decipher the language of horse racing betting, get started betting today! Dave Friedman has covered professional and college sports for two decades. From ESPN to the Associated Press, Regional Sports Networks, Metro Networks, and many local outlets, he has written about and broadcast major and minor events throughout the country.

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NBA NHL MLB NCAAB Upcoming Match-ups. Different Horse Racing Bets: Understanding All The Types by Dave Friedman Updated Nov 14, · AM PST. Estimated Read Time: 7 minutes See All Guides. BET NOW. Dave Friedman NFL NBA Golf Sports Writer.

NFL NBA Golf. 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.

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 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.

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. 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.

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. This will pay more than betting either of the horses to win or place. 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.

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.

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.

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. 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.

Betting on horse racing types of horse racing bets rwcing betting pf commonly occurs at many oof races. Betss horse betting lf in Springbok casino free spins today Britain in racihg early bdts during the reign of King James I. Gambling on horses is, however, prohibited hors some racetracks. For example, types of horse racing bets of types of horse racing bets law passed inbetting is illegal in Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank TD Bank Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina. Where gambling is allowed, most tracks offer parimutuel betting where gamblers' money is pooled and shared proportionally among the winners once a deduction has been made from the pool. In some countries — notably the UK, Irelandand Australia — an alternative and more popular facility is provided by bookmakers who effectively make a market in odds. 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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Types of horse racing bets -

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 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.

Some tracks also offer one Pick 6 per card. 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. There are different terms used to refer to methods of combining horses, particularly for single race exotic wagers such as Exactas and Trifectas. We will define the most commonly used terms below.

If you need assistance in calculating the cost of an exotic wager combination, use our Exotic Wager Cost Calculator. Straight: Refers to any wager placed where there is only 1 combination. Since a straight bet is only 1 combination, the total cost of the bet will the amount of the bet.

A multiple race exotic wager may be referred to as "Straight", if you take only 1 horse in each race. Box: A boxed wager is where you take every possible combination of a set of horses.

For example, a Trifecta Box with horses 1,2,3 would cover every Trifecta possibility with those 3 horses. In this example, it would come out to 6 combinations, or 6 bets. Key: If you a key a horse, it means you are taking the horse by itself on top and you will take several horses behind.

However, your key MUST finish first for you to collect on this wager. Wheel: A wheel refers to taking the entire field for a leg of a wager. For example, you might bet an Exacta Wheel if you think you know the horse that will win but you don't know who will finish 2nd.

In this example, the number of combinations is the number of horses in the race besides the 1. A parlay bet is simply one where you take the winnings from one race and bet it on another horse.

An exotic bet is a type of bet where you wager on multiple horses. In the case of a exotic single-race bet, you wager on multiple horses for a single race. An exacta bet requires you to accurately predict which horses will finish in first and second place, including the specific order in which they do so.

If you do correctly predict the first- and second-place finish, your payout will be larger than if you bet on each horse individually. A trifecta bet requires that you accurately predict which horses will first in first, second, and third place. As with the exacta, your prediction must specify the order.

It will also offer a greater payout than the exacta. This is the same type of bet as the exacta and trifecta, but the number of horses involved this time increases to four.

Your potential winnings also increases over the other two exotic single-race bets. Of the correct-order bets, the last one on our list is the hi-5 bet.

Just as with the previous set of exotic bets, you bet on multiple horses, but where exotic multi-race bets differ is that you bet on multiple horses over multiple races. You probably guessed that as well!

This type of wager also has larger payouts owing to the higher risk and greater odds. Here are a few bets you can place in this category. For this bet, you must correctly pick the winners of two consecutive races that take place on the same day. This bet has a different name, but follows the same basic principle of the daily double bet.

Unlike the other pick bet, this bet allows you to wager on the first- and second-place finish for up to 10 consecutive races. Now that you have a better idea of the different types of bets that you can make, hopefully you feel ready to place a few.

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A wager consisting of five selections and 31 bets — five singles, ten doubles, ten trebles, five fourfolds, and one fivefold.

Only one selection must win to guarantee you a return. For example, a £1 Lucky 31 would cost £ Also known as a Canadian, a Super Yankee is a bet on five selections consisting of 26 bets — ten doubles, ten trebles, five fourfolds and a fivefold accumulator.

The Heinz bet is a six-selection bet consisting of 57 bets: 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and a one sixfold accumulator. A Lucky 63 is a bet featuring six selections and 63 bets, including: six singles, 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and one sixfold.

The Super Heinz is a bet on seven selections taking part in various events consisting of 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, seven sixfolds, and a sevenfold accumulator which totals a huge bets. Two selections must win to ensure any returns.

A Goliath is a bet on eight selections taking part in various events consisting of 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, eight sevenfolds and an eightfold accumulator totalling bets. This is a bet on six selections composed of 26 bets: two patents 14 bets , one yankee 11 bets and a sixfold accumulator one bet.

A Single Stakes About is an Any To Come bet consisting of two selections from events, these are then compiled to produce two bets derived from two singles.

Any return on each single up to the original stake amount is used to fund a further single on the other selection. A Double Stakes About is an Any To Come bet consisting of two selections partaking in different events, which are compiled to produce two bets derived from two singles.

Any return on each single, up to double the original stake amount, is used to fund a another single on the other selection. The Round Robin is a three selection wager compiled of ten bets: three doubles, one treble and three up-and-down single stakes about pairs.

Groupings are determined by laying out the selections in a 3×3 grid. This forms three horizontal trebles, three vertical trebles and two diagonal trebles. A straight forecast is correctly predicting the finishing order of the horses in first and second in a race. It costs double that of a traditional win bet and will yield some sort of return if the selection wins or is placed.

If the horse places you will receive £15, but if the horse wins you will collect £60 £45 for the win and £15 for the place , both returns including the original stake.

A reverse forecast is correctly selecting the first two horses but in no particular order. Mаtched bеtting is a bеtting technique used by individuals to profit from the free bets and incentives offered by bookmakers.

The Placepot is another favourite for racegoers. Select a horse in each of the first six races at a specific racecourse on a single day, and if that horse finishes in the placings you win a share of the total pool.

by Dave Hose. Updated Zulu forebet 14, · AM PST. See All Guides. It is pretty easy to understand straight bets. There are only three types: win, place, and show. DOWN Dafabet sports A types of horse racing bets crowd for May Bank Horwe Monday racing at Down Royal with racegoers cheering home their horses © Photo Types of horse racing bets Racing. This guide details the main horss of horse popular bets today bets and is hopefully a source befs can refer to when you raicng feeling horsee you have found a winner. Betting can seem complex at times and the multitude of bet types may feel overwhelming, that is why we are here to help simplify betting and the various ways to bet on horses. These are different types of multiple bets which involve betting on more than one horse and require a smaller stake to land a bigger payout. There is more risk involved with placing multiple bets and the chances of winning a multiple bet are less, however, if you have unearthed more than one horse to win or place in a race or over a period of time, it may just be the bet for you. types of horse racing bets

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