What Are The Different Types Of Horse Bets

• Types Of Horse Bets List
• How To Bet On Horses
• What Are The Different Types Of Horse Bits
• What Are The Different Types Of Horse Bets
• What Are The Different Types Of Horse Bets At A
• Horse Race Bet Types

A Lucky 15 is a very popular bet and consists of 15 individual bets made from 4 horse selections, running in different horse races. It is the equivalent of a Yankee but with the addition of four singles, so a Lucky 15 consists of: 4 x singles 6 x doubles.

• Like any type of gambling, there are different horse betting types depending on the race taking place. Please refer to this page for the different horse betting types accepted at our racebook. Common horse betting types are to win, place, show, exactas, quinellas, daily doubles, trifectas, superfectas and pick 3.
• Win, Place, Show. These three are known as the common types of horse racing bets. For each bet, you’ll have to pick a horse, and if they finish the race in the right position, you’ll win. So, in the case of a win bet, if you pick a horse that wins the race, you win the bet.

Of all the sports in existence today, horse racing might have the closest, longest relationship with gambling. Whether you’re a sports betting purist or just looking to have fun on the weekend, you need to understand the hype that surrounds the track.

Be it the lack of media coverage or simply different interests, younger sports bettors are often unfamiliar with how betting on horses works. If that’s the case for you, as they say, “You don’t know what you’re missin’!”

The good news? Betting on horse racing isn’t as intimidating as it might seem at first. While it might be a little more difficult to win than betting on a football game, the payout and the excitement make it all worth it.

Here are six types of bets to know before you get started.

1 – Win, Place, Show

Win, place, or show bets are some of the more common options available online or at the track. If you choose a “win” bet, you’re simply trying to predict the first-place horse. You’ll only get paid if you choose correctly.

If you choose a “place” bet, you get a little bit more leeway. As long as your horse finishes in first or second, you’ll win the bet. Keep in mind that the amount paid out on the bet does not change regardless of if your horse finishes in first or second place.

A “show” bet gives you even more wiggle room. As long as the horse you wagered on finishes in the top three places, you’ll cash in. Again, the payout is the same whether the horse finishes first, second, or third.

In addition to these plays, you can also make a “win-place” or “win-place-show” bet. These are similar to the other bets, but the payouts are different depending on the exact finishing position within the top three.

In what’s known as an “across the board” bet, you’ll select a single horse but will get paid out differently based on where the horse finishes.

If your horse comes in first, you’ll cash out on the “win, place, and show” portion of the bet.

If the horse comes in second, you’ll win the “place and show” part of the bet.

A third-place finish will still give you a win in the “show” portion.

This “across the board” bet is technically three bets, so if you wanted to bet $4 across the board, the ticket would be $12.

2 – Trifecta

Once you’ve mastered the more basic win-place-show bets, you can move on to some more complex plays. The “trifecta” would be the logical next step.

A winning trifecta bet can have a huge payoff, although it isn’t easy to win.

Types Of Horse Bets List

Don’t worry — there’s another way to make this play that increases your odds.

The most popular way to play a trifecta bet is by “boxing” three or more horses in various combinations. This allows you to choose more horses than just three. It works like this: with 10 horses in the field, you might think horses 1, 2, 3, 4, and 5 have a chance to finish third or better. A five-horse box would cost $30 if there is a 50-cent minimum.

That math works out like this:

• (5 x 4 x 3 x .5)

3 – Quinella and Duet

A quinella bet involves picking two horses. In order to win, they must come in first and second place, although it doesn’t matter which order they finish.

Similar to a trifecta, you can box your bets in order to give yourself a higher chance of winning.

In a quinella box, you choose three or more horses, and if two of the three (or two of the number of you picked) finish first or second, you win!

The catch is that not all tracks offer these types of bets. It’s also important to keep in mind that the more horses you choose, the lower your overall payout will be if you win.

If you think getting the top two exactly right is too much risk, you have the option of the Duet play. This type of wager requires you to accurately choose two of the three place-getters (top-3 finisher), with correct order not important.

4 – Pick 3, 4, 6

These types of bets involve multiple races. A pick 3 bet is when you choose the winner in three consecutive races before the first race begins. In order to cash in on this type of bet, all three horses must win the race.

You might think that a bet like this is nearly impossible to hit, but if you do your homework and find out which horses are the favorites, you’ll find it’s more winnable than you may have anticipated.

A pick 4 is a newer type of bet at most tracks and is even more of a longshot than a pick 3, but the payout might make you think it’s worth the risk.

Keep in mind that choosing longer-shot horses will give you higher payoff than selecting all favorites, although there’s no question it’s more difficult to win.

How much exactly are we talking? If you had wagered just $0.50 on a pick 4 at the 2013 Breeders’ Cup, you would have taken home nearly $30k.

A pick 6 represents one of the most difficult wagers to win but also one of the highest payouts available. If you haven’t picked up on the theme here, in a pick 6, you must correctly choose the winner in six consecutive races.

As with the other types of bets, the play of choosing multiple horses is still available. You’re allowed to select more than one horse in each (or every) leg of your bet.

5 – Each Way

An “each way” is considered two separate bets, although they’re placed together.

• The first bet is on the horse to win.
• If your horse wins, you win the bet.
• The second bet is on the horse to place.
• If your choice finishes in the top three, you also win.

For example, if you bet $3 each way on a horse, your total wager would be $6 ($3 on the horse to win, and $3 on the horse to place).

It’s important to consider the odds on this type of bet on both the winning and placing aspect of the wager.

The advantage of an each way bet is, obviously, an increased chance of winning as you have essentially two different ways to win. If there is no big favorite and you can find favorable odds, it might be a good idea to spread out your money.

6 – Daily Double

The “daily double” is pretty simple to understand.

In the past, the daily double option was only available on the first two races of the day, but nowadays, it’s usually available on any two consecutive races.

While it may not seem that complicated, daily doubles can have huge payoffs if you find a lower-odds horse that has a great day!

Conclusion

Getting into horse racing can be a little tricky at first, but the low-risk, high-reward nature of betting the sport can be a thrill.

Just a few dollars can go quite a long way at the track or betting on horse racing online if you’re able to get lucky and hit on a multiple-leg wager. As with any other sport, plenty of information is available online about the horses you’ll be betting on, so be sure to do your research and give yourself the best chance at a big payday!

Did you know that in as much as horse racing is one of the most popular sports in the world, horse betting is more popular than the sport itself? Horse racing fans enjoy the thrill and the risk of betting more than the adrenaline of the horse racing itself.

This is the reason why almost all online sports bookmakers offer horse betting on their sites and apps. You can look at this site to find recommendations on bookies with great horse racing offers.

If you are a beginner in horse racing betting, one of the first things you need to learn and understand is the betting system and how each type of bets work. For starters, there are two types of bets that you can place in a race, each of them having sub-types: the straight bet and the exotic bet.

Straight wager

A straight wager is a way of betting on a race where you place your bet on only one horse. You can still bet on multiple horses if you want to, but you have to place a duplicate bet, and some bookmakers do not allow that.

Here are the different types of straight wagers:

How To Bet On Horses

Win

A straight win bet is probably the simplest and most straightforward kind of bet. This is also the type of bet that is most commonly placid by people, especially those who are new to the betting industry. A win bet is simply betting on which horse you think would win the race.

Place

In this type of bet, you will pick a horse of your preference, and bet on it to place on either first or second.

Show

Similar to a place, but this bet would have you pick a horse, and all you need to have is for your selected horse to place first, second, OR this. This type of straight bet is easier to win as it has a bigger margin of win, but it also usually yielded less profit than the other bet types.

Across the board

Also called “combo straight wager”, this type of betting would have you bet on a single horse to win, place, and show. Since this is technically a “three in one” type of bet, the wagering price is usually higher than a single win, place, or show bet.

Exotic wagers

If straight wagers only have you bet on a single horse, exotic wagers allow you to bet on multiple horses in a single race.

What Are The Different Types Of Horse Bits

Here are the different types of exotic bets:

What Are The Different Types Of Horse Bets

Exacta

From what its name implies, an exacta exotic bet is where you would pick two horses from the lineup and bet on which one would finish first and second–but they should finish in the same order that you bet on for you win.

Quinella

If an exacta bet requires you bet exactly how the two horses you picked would place at the end of the race, a quinella bet lets you bet on two horses that you think would place EITHER first or second, and it can be in any order.

What Are The Different Types Of Horse Bets At A

Trifecta

A trifecta bet is perfect for the risk takes, as it is significantly harder to win. Here, you would have to bet on which three horses would finish first, second, and third in the exact order.

Horse Race Bet Types

Superfecta

As if a trifecta bet is not yet hard enough, a superfecta bet would need you to pick four horses and bet on who will finish first, second, third, and fourth, all in the exact order.