Horse racing has long been a popular pastime and to a greater extent than many people realize. Its influence on our culture is such that it’s had an impact on the English language itself.
And a major part of racing culture is betting on horses.
If you’re new to horse race betting, you might be confused by some of the terms your peers throw around. To help you place the most informed wagers possible here’s a quick rundown of some basic horse racing bets explained.
Straight bets are the three basic wagers that you can place to win money on horse race betting.
The first type is a “win” bet, which is probably self-explanatory. You’re betting that a given horse will come in first place in their race.
The second is a “place” bet. To win a place bet, your chosen horse needs to finish in either first or second place.
The last straight bet is the “show.” A show bet is when your horse finishes in first, second, or third place.
And that’s all you need to know to get yourself started. The type of bet you make can increase your chances of winning, though at the tradeoff of a lower payout should you win.
And you don’t even need to make it out to the tracks to get started, as many services now accept bets online. One of the best ones available is linked here.
Exotic Horse Racing Bets Explained
So the straight bets are all easy to understand. However, you might hear phrases like “Pick 3” or “trifecta” thrown around without any explanation.
These are called exotic bets. They’re more complex wagers that you can net you higher payouts. They come in two main varieties: vertical and horizontal bets.
A vertical bet requires you to pick the correct finishing order in a single race. The most basic one is the exacta, which requires you to correctly predict who will finish first and second. The trifecta has you guessing who finishes first, second, and third in the correct order, and to win a superfecta, you need to call the first four finishers in order.
A horizontal bet is where you try to predict the winners of a consecutive series of races. For a Daily Double, you have to guess the winners of two races in a row. A Pick 3, Pick 4, or Pick 5 has you doing the same for the respective number of races.
Keep Your Horse Race Betting Simple at First
Placing horse racing bets can be both exciting and profitable if you know what you’re doing. Like any form of gambling, your success rests on figuring the odds and understanding your wager.
With these key horse racing bets explained, you’re off to a great start. Once you have a firm grip on the basics, you can start exploring more complex but rewarding wagers.
But of course, horse racing is only one avenue you can explore. For more tips on play from the comfort of your own home, be sure to keep our gaming news.