If it finishes second, you get place and show. If it comes in third, you get show. Exacta : Bet the first two finishers in a race in exact order. Exacta Box : Bet two horses in a race to finish first and second in either order. Trifecta : Bet the first three finishers in a race in exact order.
Trifecta Box : Bet three horses in a race to finish first, second, and third in any order. Superfecta : Bet the first four finishers in a race in exact order. Daily Double : Bet the winners of two consecutive races designated by the track. Pick 3, Pick 4, Pick 6 : Bet the winners of three, four, or six consecutive races designated by the track.
How much will a Pick 3 bet cost? A Part Wheel bets on one horse with some of the others. Continuing the example, an Exacta Wheel picks one horse to win and every other horse to place, while an Exacta Part Wheel bets one horse to win and some of the others to place. The horse you pick to win is your key horse. Wagering Words to Know Coupled entry : If one owner owns two horses in a race, they run as one entry; a bet on one is a bet on both.
Straight bets are pretty simple. You are betting on a single horse. Straight bets are popular for horse owners, and fan favorites. They are also one of the easiest bets to place. There are four kinds of straight bets:. Exotic bets involve multiple horses and have a greater risk than straight bets.
However, with most risky gambles, they have the potential for a much higher return on investment. There are two kinds of exotic bets you need to understand to know how to bet on horses: Horizontal Wagers and Vertical Wagers. These types of bets require players to pick the top finishers in a single race in the exact order of finish. Boxed and Wheels : For those who know how to bet on horses, they may box or wheel their horse bets.
Certain bets specifically exactas, trifectas, and superfectas come in boxed or wheel form. Boxed Bet: A Boxed bet means that your selections can finish in any order. Dutch betting allows a player to create a bet built from multiple individual wagers, with the aim being to achieve the same payout no matter what selected runner comes in. Instead, bettors can simply select multiple runners and accomplish the same thing.
Horizontal Wagers : Horizontal bets involve betters picking winners of a specific number of races, commonly ranging from two to as many as six or seven. AmWager has you covered. A great option for first time horse bettors is to bet online. Our interface allows for live video stream of the races so bettors can have a fun and engaging experience.
Click now to get started! If you decide to go to the track and you want to learn how to bet on horses, the first thing you want to do is find a human teller. Human tellers are fast, accurate, and friendly so go to the person rather than the machine. State the name of the racetrack. State the dollar number of your bet. State the type of wager. Hand the teller your money and take your ticket. The last step is to check your ticket before you leave the window to ensure that you and the bookmaker have the correct wager and place your ticket in a safe place.
There are hundreds of resources for picking horses, and everyone seems to have their own methods, superstitions, and strategies. For more information about how to bet on horses, visit our horse racing resource center where you can find horse racing tips, tricks, and picks from expert handicappers. Straight Bets in Horse Racing Straight bets are pretty simple.
There are four kinds of straight bets: Win : You pick the winner. Simple as that. You win money only if your horse wins first place. Place : This is hedging your bets that your horse will win first OR second. If they do, you win. However, the reduced risk will produce smaller payouts. Show : You win if your horse finishes first, second, or third. Again, the potential payout is reduced with the risk.
One win bet, one place bet and one show bet. An Across the Board bet costs 3x the amount wagered. If your runner comes in first place you win all three prices win, place and show. If your runner finishes second, you win place and show prices. If third you win the show prize. Exotic Bets in Horse Racing Exotic bets involve multiple horses and have a greater risk than straight bets.
Exacta : When placing an exacta bet you are selecting the first and second place runners in the exact order. The runner you select in the 1st leg must come in first. The runner you select in the 2nd leg must come in second.
If your runners finish in the exact order you selected, you win.
One of the things I look at first is the amount of recent top-three finishes. This idea goes hand-in-hand with dissecting the racing program for pertinent information. Set aside enough time to scour all the races in a program for the day. You do not want to miss out on a race you would feel most confident in just because the post time is later in the day.
Thus, keep a log in order of confidence for each of your races. If you do not have the time to stick around the racetrack or go back to your mobile betting account, later on, you can always place your wagers for future races earlier in the day. Every bettor should have a realistic goal in mind when they begin a day of horse racing betting.
Many bettors will tell you they are looking to make a big score. In accordance with identifying your most confident races, there is an opportunity to vary your bets and cash in on some better odds. For example, suppose of all races you are most confident of the 7 horse to win the fourth race. In this case, one could look into pairing this horse with other horses and betting an exacta or trifecta. Conversely, if there is a favorite in another race that looks vulnerable, that is a great opportunity to find more of a longshot to win and return a decent payout.
Though these bets are safer, they do not return enough money, in the long run, to make them worth it. If I am betting a single horse, it will always be to win. You have read the entire racing program and identified the races you are most confident in. Now, the hardest part is sticking to your original plan. Suppose the races you were most confident in early in the day did not go your way. Do not be tempted to chase your lost money and bet bigger on races you are not as confident about.
Likewise, do not blow all of your early winnings in bets that you would not have made if you were not already ahead. Every bettor needs to adhere to a strict budget. There are many bettors who are confident in a later race but cannot wager on it because they have lost all their money beforehand. You'll also start to develop you're own handicapping style, which is when the game starts to become a lot of fun — when you start picking winners based on your own theories and conclusions.
If you want to watch live racing from the comfort of your own home you've got essentially two options: you can watch on one of the two TV channels that cover racing, or you can watch live streaming video over the internet. Both networks broadcast the live simulcast feeds from the tracks and have on-air personalities that handicap the races throughout the day.
Most cable companies offer TVG, although many have it as part of a sports pack or something similar. If you don't get TVG from your cable or satellite provider, you can still watch all the action through the wonderful world of the internet.
Live video streaming is provided free by a few tracks too few, if you ask me. Tampa Bay Downs, for example, is one track where you can go to their website and watch all of their races live. They also provide free replays. Keeneland also provides live steaming during their spring and fall meets. If you want to watch the action from all tracks over the net you can usually watch through a wagering website if you are a registered member. The next section deals with wagering websites, or ADWs.
Just watching horse racing is great, but the true thrill of the game is the ability to put your money where you mouth is and bet on the horses. If you want to wager on all the action and you don't want to drive to your local track or OTB, AND you live in a state that allows ADW Advance Deposit Wagering , you can wager over the internet or the phone through one of several sites.
Below is a list of a few of the larger ADWs that people use to wager. Every site is different; some provide free video streaming, others charge a monthly fee or a "per wager" fee depending on your handle, and some give you rebates depending on how much you wager.
If you decide to sign-up with an ADW, make sure you read all of the rules and requirements. Many ADWs are going to no-wagering fees and free video, but you should always do your homework before you leap. Make sure you check what tracks each site allows you to bet on because you don't want to sign up with an ADW that doesn't allow you to bet on Keeneland if you really like to bet Keeneland.
Go to one of the websites and try to sign-up. When you put in your address, the system will let you know whether they can take bets from you or not. Below is a short list of the big, well known ADWs. There are many others out there - some good, some not so good. We make no representation about any of these; some we've used in the past, others we've never played with. Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete.
Below is the smorgasbord of wagering opportunities offered by Churchill Downs on Derby Day:. WIN: A bet on a horse to win if you don't know this you probably shouldn't be betting. Those are the standard bets that everybody is familiar with. They are simple, straight forward, it's easy to calculate the cost, and they are easy to make.
Where things start to become more complicated is with what are known as the exotic bets. Below are the exotic wagers offered by Churchill Downs this weekend:. Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house. The odds represent what percentage of the total pool each horse is receiving. Below is an odds-percentage conversion chart for typical odds in horse racing.
To figure you how much you'll get paid if you hit your win bet, simply divide the numerator of the odds by the denominator, multiply that number by the amount bet, and then add the amount bet. Place and Show payouts are more difficult to calculate since tracks don't display the odds on those bets. Usually, they pay less than half what the winning odds play unless the horse is a huge longshot and the favorite doesn't finish in the top three.
Figuring out the payouts on exotics are a mixed bag; tracks display the "Will Pays" for exactas and daily doubles, but you won't have a clue as to what your trifecta, superfecta, Pick 3, etc. Generally speaking, trifectas and superfectas will return larger amounts, but be careful, playing all the favorites in a trifecta is likely going to return a small amount especially when compared to how much your bet cost. The key to hitting larger scores is to find some longer priced horses to play along with shorter priced ones.
We've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races. Many first time bettors think that to play a exacta or tri or any other exotic requires you to use just two or three or four horses in your play. You can select as many horses as you want but the more horses you select, the more expensive your ticket becomes.
The first step in determining what a specific bet will cost is to know the minimum amount required for each bet. At Churchill Downs, here are the minimum amounts required for each bet offered:. Two additional exotic betting terms that are relevant to wager cost are "BOX" and "WHEEL", and they apply specifically to exactas, trifectas and superfectas.
For example, say you like the 1, 2, and 3, you want to play them in an exacta but you don't know which one you want to pick on top to win. You could "BOX" those three horses in an exacta and you would win if any of those three finish first and second.
For example, let's say you like the 1 to win, but think the 2, 3 and 4 might finish second. In that situation you would bet an exacta wheel where the bet would be set up to pay if the 1 wins and either finish second. If any of win and the 1 finishes 2nd, you would not win with that exacta wheel. You might be thinking, "Why would anyone NOT box an exacta, trifecta, or super since our picks can finish in any order, while with a wheel there is less margin for error?
A box bet is calculated by multiplying the bet amount by the total number of horses selected, and then multiplying that by the total number of horses selected, minus one. Or, stated another way:. Make sense?
For trifecta and superfecta boxes you calculate the cost the same way but keep subtracting one from the total number of horses in each leg. For example:. You can see how the costs start to escalate in a box situation since you're playing every possible combination with those numbers. With a WHEEL bet, the cost is kept down but you need to decide which horses you like in certain positions.
Let's take the above situation again. Let's say you like the 1 and 2 to win, but think any of those five could finish 2nd. Here is how you would calculate that bet cost:. Because you are using the 1 and 2 in both the win and place slots, you calculate the wager by multiplying the number of horses in the first leg by the number of horses in the second leg, minus one.
If you excluded the 1 and 2 from the second position but still used five horses, the bet would calculate as below:. Right away you can see that an exacta wheel bet costs about half as much as the box situation since you are playing fewer combinations.
There's a higher risk, but the rewards and profit margin are better since you are not wasting money on combinations that you don't believe will come in.