Horse Racing might not be a favorite sport, but it’s quite popular among bettors. In fact, many people follow horse racing only for the purpose of wagering.
It is also not a global sport, but it is trendy in the United Kingdom, the United States, and Australia. Races like Kentucky Derby and the Grand National attract millions of viewers every year.
To help out our readers, who are not familiar with horse racing betting, we have created the following list of common bets.
There are two kinds of wagers in horse racing betting – the straight and the exotic wagers. We suggest newbies start with consecutive bets first.
Horse Racing Straight Wagers
Win – You are betting on a horse to win the race.
Place – You are betting on a horse to finish either first or second.
Show – You are betting on a horse to finish in the top three.
Across the Board – This one is a bit complicated one. Across the Board contains three wagers – Win, Place & Show – in one. Hence if your horse finishes in the first spot, you win all three bets. If the horse finishes in the second spot, then you win two bets and so on.
Win/Place & Place/Show – These two bets are very much like Across the Board. In Win/Place, you are backing your horse on two bets – Win & Place. The same logic applies to Place/Show.
Horse Racing Exotic Wagers
Exotic wagers are the second kind of bets in horse racing. These bets allow you to bet on multiple horses in a single race.
EXACTA – In this bet, you are backing on two horses to finish in the first two spots, in exact order.
QUINELLA – In this bet also you are backing on two horses to finish in top-two. However, their order doesn’t matter here.
TRIFECTA – You are required to bet on three horses to finish in top-three, in exact order. You are also allowed to box your TRIFECTA bet. The order of the finishes doesn’t matter in a boxed chance anymore.
SUPERFECTA – In this bet, you should bet on four horses to finish in exact top-four order.
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