Horse Racing

Racebook

Horse Betting Types

TYPES OF BETS
Win

When betting to Win in horse races, you’re betting that the horse that you picked will come in at first place. It is the most straightforward type of bet. 3 minimum entries for a wager to be legitimate.

Place

If you are placing a wager for Place, the horse you picked has to finish the race in either first or second place for you to win your bet. Minimum entries 4 for a wager to be legitimate.

Show

A Show bet is when you wager that your horse will end up in the top three places in the race. This wager allows you to collect if your selected horse finishes the race in either of the top three places. 4 minimum entries for a wager to be legitimate.

Across the Board (Win, Place & Show)

Similar to the show bet, the Across The Board bet is a play where you are wagering that the horse you picked will finish in the top three places of the race. In this type of bet the pay out works differently. If your selected horse comes in third place, you collect only the show bet. If your horse finishes in second place, you will collect on both the place and show wagers. If your horse comes in first place, you will collect on all three bets: win, place and show.

 

The Exacta wager is a daring play but it has a huge wagering prize. To win this type of bet you must select correctly which two horses will finish first and second and in the correct specific order. For example, if you select horse 4 to win and horse 6 to come in second, they must do just that in the same order for your bet to payoff. 3 Minimum entries for a wager to be legitimate

Exacta Box

The Exacta Box is a alternative to the Exacta wager. The difference is that in this play you must select the two top placing horses, but in this case they do not need to come in any specific order. For example if you select horses 4 and 6 to come in in the top two spots, they must do so for the bet to pay off regardless which came in first and second.

Quinella

The Quiniella bet is very alike the Exacta Box. You must pick the two horses that will finish the race in first and second place, but in no specific order. The difference between the two bet types is that the Exacta Box is two bets on the same ticket, and the Quiniella is just one. The Quiniella is not a bet that is offered by several betting sites. It is always advisable for the player to check which of the two wagers (Exacta box or Quiniella) offers better value. 3 minimum entries for a wager to be legitimate.

Trifecta

The Trifecta is picking the top three finishers in a horse race in exact order. It is a very hard wager but it has enormous payouts according to the horse betting odds. 4 minimum entries for a wager to be legitimate.

Trifecta Box

The Trifecta Box, is selecting the top three finishing horses, regardless in the order that they come in. Much like the Exacta Box, the Trifecta Box is six bets in one, whereas the Exacta Box is two bets in one. This is because there are 6 probable outcomes for your three horses to come in in case that you win. That means that if you place a $2 Trifecta Box bet, the payout will be of $12.

Superfecta

By far the single hardest wager in horse racing is the Superfecta, but it also offers huge payouts. It consists in correctly selecting the top four finishers in the correct order. There must be 6 minimum entries for a wager to be legitimate.

Superfecta Box

The Superfecta Box, like the Exacta Box and the Trifecta Box, where you select the top four horses in the race in no particular order. This wager is essentially 8 bets in one. All four horses you selected must come in the top four places in the race for you to collect. There are 24 combinations in total. For example, the total amount of action on a $2 bet will be $48.

Daily Double

The Daily Double involves of two WIN wagers on two back-to-back races. Daily Double wagers tend to be only presented on the first two races and the final two races of that particular day. In order for you to collect both horses you picked must win their respective race. 3 minimum entries for a wager to be legitimate.

Pick 3

Much like how the Daily Double works, the Pick three consists of picking the winner of three consecutive races. Minimum entries 3 for a wager to be legitimate.



NEW TYPES OF BETS (available ONLY for online betting)
Pick 4

Pick the winners in 4 consecutive races. 3 Minimum entries for a wager to be legitimate.

Pick 5

Pick the winner in 5 consecutive races. 3 minimum entries for a wager to be legitimate.

Pick 6

Pick the winner in 6 consecutive races. 3 minimum entries for a wager to be legitimate.



Also HARNESS AND GRAYHOUNDS RACING
Parlays

A Horse racing Parlay works much like a sports parlay wager. In this type of wager you can choose from 2 to 12 horses in different races, they can be in different tracks and in different days. The races don't need to be consecutive. The mechanics are as follows: you pick the horses you want in the parlay, and from there on all the horses you have selected must win in order for you to collect on this wager, if one of your picks fails to get first place, the entire bet will be a loser. In the case that in one of the races there is a scratch, the parlay will revert to a lower number. For example, in a 5-parlay bet, if 1 is a scratch, the wager will reverts to a 4 parlay; another scratch will mean that it will become a 3 parlay. If there is a 2 parlay and there is a scratch, then the bet will revert into a straight bet. Also, any race with less than 4 horses will be considered a scratch.

WIN Parlay

In a WIN parlay, all the picks must win. 4 minimum entries for a wager to be legitimate

PLACE Parlay

To collect all the picks must come in First or Second place. 4 minimum entries for a wager to be legitimate.

SHOW Parlay

To collect all the picks must come in either win, show or place. 4 minimum entries for a wager to be legitimate.