What Is The Best Type Of Bet In Horse Racing

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.

Win, place, and show bets are some of the simplest horse racing bets that you can make. With each bet, you pick a horse, and if they finish in the correct position, you win! If you bet a horse to win, they have to win the race for you to win your bet. It’s that simple. A place bet is a bet for a horse to finish in first or second place.

  1. The traditional horse racing wagers are also known as straight bets. Not only are these the most popular type of wagers, they are also the most straightforward. The only thing that makes them slightly more complicated is that they vary slightly in different parts of the world.
  2. Re: What is the best type of bet in horse racing? I used to be in a similar camp to Fintron, that I would back each-way at prices upwards of the 5/1 mark, and anything upwards of that I'd be backing each-way regardless unless I particularly felt that it was a 'win or bust' horse, where I might pluck up the courage to do a win bet for a big priced one.

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.

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. Games that pay money cash. 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).

Betting the ponies has been a pastime around the world for centuries. There is nothing like the rush of watching the horses come down the backstretch with your horse pushing up the outside, making a last-minute charge for the lead. Fans screaming, dirt flying, jockeys jockeying — truly amazing. If you haven’t experienced that live, we recommend that you at least try your best to make it to the track once. You will be hooked.

Whether you’ve been to the track before or not, you probably know that horse racing and sports betting go together like peanut butter and jelly. If you’ve always wanted to get into the action but aren’t sure where to start, you’re in the right place. Or, if you’re a seasoned better who is looking to improve your track success, you’re also in the right place.

In this guide, we’re going to walk you through everything you need to know to get started in horse racing betting or to take your horse racing betting to the next level. We’ll walk you through the best online sites to bet at and the strategies you need to win. We will also break down the most popular types of horse racing bets into terms that you can understand. We’ll have you screaming in excitement at the ponies like the best of them in no time.

Best Horse Racing Betting Sites

No longer are the days that you’re forced to head to the track to place your bets and sweat the ponies. While this is still something we recommend you do because it’s awesomely fun, sometimes it’s not feasible. What happens if you don’t live close to a track? What happens if the track by your house is closed because of rain or for track repairs? What if you want to bet on some of the bigger races that are going on around the country?

Online horse racing betting solves all of this. Not only can you bet on races at pretty much any track in the world, but you can also watch the races right from the online sites as well! This means that you can get your pony fix at any time and from anywhere. If you’re ready to get started, here’s the list of the best horse racing betting sites and sportsbooks on the web.

Betting Site
BonusBet Now
1 up to €30 Free BetGo to Site
2
22Bet
100% up to €122Go to Site
3100% up to €200Go to Site
4
10Bet
100% up to €50Go to Site
5 100% up to €50Go to Site

Why did we pick these sites? We picked these sites because they truly are the best of the best available. These sites offer the most tracks and actions, the most betting options, the best interfaces, and most importantly, these are the most trusted sites on the web. None of these sites can ever pay us for a more favorable recommendation or a better review.

Horse Racing Betting Strategy

What Is The Best Way To Bet In Horse Racing

What’s the only thing that’s more fun than placing a horse racing bet? Winning a horse racing bet! There is no greater rush than seeing your horse or horses cross the finish line exactly as you predicted. You then get to proudly march over to the cage to collect your winnings or, if you’re betting online, see your bankroll jump up.

But winning horse racing bets doesn’t just happen by being lucky or picking the horse with the coolest name. There are strategies and tips that the experts use to make better-educated picks that have a much better chance of winning. We’ve collected all of the top horse racing betting strategy tips from our team of experts and compiled them together in a dedicated guide for you.

In this strategy guide, you’ll find basic and advanced strategies that are essential to a long-term winning horse racing betting strategy. Take your time and work through this guide, and then you’ll be on your way to crushing the races.

The Most Popular Horse Racing Bets

One of the main reasons that people don’t end up getting involved in betting on horse races is that they don’t understand the different bets available. A lot of people look at their options for each race and see a foreign language. Today, we’re going to walk you through all of the most popular types of bets available.

Win, Place, Show

What Is The Best Type Of Bet In Horse Racing May

Win, place, and show bets are some of the simplest horse racing bets that you can make. With each bet, you pick a horse, and if they finish in the correct position, you win! If you bet a horse to win, they have to win the race for you to win your bet. It’s that simple. A place bet is a bet for a horse to finish in first or second place. You don’t get extra money for a better finish. If your horse finishes first or second place, you win your bet. A show bet is one where you pick a horse, and if they finish in one of the top three slots, you win your bet.

If you’d like to learn more about these three bet types, click the link below for a complete breakdown.

Exotic Betting

Exotic bets are horse racing bets where you place a wager on more than one outcome at a time. In other words, you’re going to be betting on more than one horse at the same time. Different forms of exotic bets will have different parameters and conditions that must be met for you to win your bet. You must complete every part of an exotic bet for your bet to win. Below you’ll find a complete breakdown of exotic bets and what you need to know to get involved.

Below, you’ll find the different types of exotic bets that are available to you.

What Is The Best Type Of Bet In Horse Racing 2019

  • Quinella
    A quinella bet is a wager on two horses in the same race to finish in first or second place. It doesn’t matter which of your two horses gets first and which gets second as long as they finish in the top two.
  • Exacta
    An exacta bet is similar to a quinella bet, except it does matter in which order the horses finish. You’ll pick which of your horses will get first and which will get second. As long as they finish in exactly that order, you’ll be a winner.
  • Trifecta
    A trifecta is similar to an exacta bet, but instead of picking the first and second place horses you’ll be picking the entire top three. Each horse will need to finish in the exact order that you picked to win your bet.
  • Superfecta
    The superfecta is the trifecta on steroids. Instead of picking only the top three horses, you’ll be picking the top four horses in a given race. They have to finish in the exact order that you choose for you to win your bet.
  • Daily Double
    A daily double bet is one where you pick the winner of two consecutive races. Usually, this is offered on the first two races of the day or the last two. Some parks will offer rolling daily doubles available throughout the day.
  • Pick 3
    A pick three wager is identical to the daily double, except that it is for three races in a row. As with the daily double, a lot of tracks will have rolling pick threes as well.
  • Wheel Betting
    Wheel bets utilize the above bet types, but allow you to bet more horses than the bet calls for. For example, let’s say you think that the #5 horse is going to win, but you aren’t sure whether the #6 or #9 horse is going to get second. You could place a wheel bet for an exacta where if the #6 or the #9 horse got second and the #5 horse wins, you win.
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The Big Picture – Horse Racing Betting

What Is The Best Type Of Bet In Horse Racing

Congrats on making it through our horse racing betting guide! By this point, you should feel pretty well-equipped to make your first bet at the tracks. We recommend you take full advantage of online racebook bonuses and keep this guide open if you need help. Make sure you read through our strategy guide above as well to give yourself the best chance to walk away a winner!