Place: Wagering on a horse to come in first or second place. You win the wager if the horse comes in the top two. Show: Wagering on a horse to finish in first, second, or third. You win the wager if the horse comes in the top three.
Placing a win, place, or show wager is a great place to start if you are new to horse wagering. Exacta: An exacta wager is placing a wager on two horses to come in first and second. To win, the horses must come in that exact order. However, you can also box your exacta wager. If you box your wager, the top two horses can come in any order, and you will still win.
It costs twice as much to box an exacta. Quinella: A quinella wager is placing a wager on two horses to come in first and second in any order. A show wager will yield the lowest payoff but offers the greatest chance of winning.
Exotic wagers involve betting on two or more horses, either within a single race or across multiple races. You can play multiple tickets and combinations to increase your chances of winning, though this also increases the cost. With each extra finishing position you attempt to select, the difficulty increases, but so too does the potential payoff.
One of the oldest exotic wagers, the exacta requires you to select the top two finishers in the correct order. If you've mastered the art of win, place and show wagers, try an exacta. An exacta is more difficult than win, place and show wagers, but yields a higher payout. You bet an exacta by selecting a minimum two horses to finish first and second. These horses must finish first and second, in that order, for you to win the wager. If picking two horses in order sounds too difficult, you can "box" your wager.
A boxed wager will win if your horses finish 1st and 2nd, in any order, making it more likely for you to win. A less common wager only available at certain tracks, the quinella is a simplified exacta.
The trifecta adds another layer of complexity, requiring you to pick the top three finishers in the correct order. The minimum bet amount is often 50 cents. If you've mastered the art of win, place and show wagers, try a trifecta. A trifecta is more difficult than win, place and show wagers, as well as exacta wagers, so it yields a higher payout than any of those bets. These horses must finish first, second, and third, in that exact order, for you to win the wager. If picking three horses in order sounds too difficult you can "box" your wager.
A boxed trifecta wager will win if your horses finish 1st, 2nd, and 3rd, in any order, making it more likely to win.
If there are a small number of horses in the race, show or place bets may not be offered or if bets have already been made, they are cancelled and the wagered amounts refunded. In Europe, Australia, and Asia, betting to place is different since the number of "payout places" varies depending on the size of the field that takes part in the race.
For example, in a race with seven or less runners in the UK, only the first two finishers would be considered winning bets with most bookmakers. Three places are paid for eight or more runners, whilst a handicap race with 16 runners or more will see the first four places being classed as "placed". A show bet in the North American sense does not exist in these locations. An each-way bet sees the total bet being split in two, with half being placed on the win, and half on the place.
The full odds are paid if the horse wins, plus the place portion , with a quarter or a fifth of the odds depending on the race-type and the number of runners if only the place section of the bet is successful. In the UK some bookmakers will pay for the first five some independent firms have even paid the first six for a place on the Grand National.
This additional concession is offered because of the large number of runners in the race maximum Occasionally other handicap races with large fields numbers of runners receive the same treatment from various bookmakers, especially if they are sponsoring the race.
Each portion is treated by the totalizator as a separate bet, so an across-the-board bet is merely a convenience for bettors and parimutuel clerks. In addition to straight wagers, "exotic" wagers offer bettors an opportunity to incorporate the placement of different horses in one or multiple races.
The two broad types of exotic wagers are horizontal and vertical. Horizontal exotic wagers are bets on multiple horses in one particular race, while vertical exotic wagers involve predicting results across multiple races. Both have specific options for which bets are available and are detailed below. In the most basic horizontal wager, an exacta , the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses.
Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order. A quinella , which boxes an exacta allowing the first two finishers to come in any order and still win , is the basic box, but boxing can be applied to the trifecta and superfecta as well.
In a sense, a win bet can be thought of as a specific type of wheel bet. Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3 , pick-4 , pick-5 and pick-6 respectively. In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange.
Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members. By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century.
In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in Betting on horse racing is ingrained in local culture and is seen as an investment.
The revenue the club generate from various wagers makes it the largest taxpayer for the government. A government survey in found that nearly one million Australians 5. Horse race betting in New South Wales NSW is conducted by bookmakers at race meetings and via telephone and Tabcorp tote betting at racecourses and through various retail outlets including the internet. Betting on horse racing in the UK is wide and varied.
In there were 8. For those of you that are new to betting on horses, I would recommend sticking with a straight wager. These are much easier to understand and more likely to hit. You select three horses that you think will finish in the top three. There are six different combinations that you could make for a straight trifecta. As long as those three horses come in 1st, 2nd or 3rd, you win your bet. In simple terms, the odds are determined by the people wagering. The more money bet on a single horse, the worse his odds will get.
While race tracks will show a horses current odds at 6 to 1, the odds are actually rounded to the nearest. So while a horse may be listed at 6 to 1, it might actually be 5. Most of the odds you see prior to this point are from online sportsbooks. When you place your bet on a race is up to you, just as long as you get it in before the window closes for that particular race.
For races that have odds posted well in advance like the Derby, you can wager on it well in advance. Plan on placing your bet s at an actual racetrack? Simply return that ticket to the betting window where you purchased it. Everyone likes to wait until the last minute to place their wager. Have everything you want to bet down on a piece of paper before heading to the window. You can also avoid the long lines by getting your bet in early.
The media is going to peg one or two horses that they will consider locks to win.
We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads! Please add askdifference. Published: 30 Mar, Wager noun Something deposited, laid, or hazarded on the event of a contest or an unsettled question; a bet; a stake; a pledge. Wager noun That on which bets are laid; the subject of a bet.
Wager noun A contract by which two parties or more agree that a certain sum of money, or other thing, shall be paid or delivered to one of them, on the happening or not happening of an uncertain event. Wager noun An offer to make oath. Wager noun Agent noun of wage; one who wages. Wager verb To bet something; to put it up as collateral "I'd wager my boots on it. Bet noun A wager, an agreement between two parties that a stake usually money will be paid by the loser to the winner the winner being the one who correctly forecast the outcome of an event.
Bet verb To be sure of something; to be able to count on something. Bet preposition between. Wager noun more formal term for bet Wager verb more formal term for bet. Wager To hazard on the issue of a contest, or on some question that is to be decided, or on some eventuality; to lay; to stake; to bet. Wager verb To make a bet; to lay a wager. Bet noun That which is laid, staked, or pledged, as between two parties, upon the event of a contest or any contingent issue; the act of giving such a pledge; a wager.
Bet To stake or pledge upon the event of a contingent issue; to wager. Bet imp. Bet adjective An early form of Better. Bet noun the money risked on a gamble Bet noun the act of gambling; "he did it on a bet" Bet verb maintain with or as if with a bet; "I bet she will be there! Popular Comparisons. Adress vs. Comming vs. Label vs. Speech vs. Neice vs. Chief vs. Teat vs.
Beeing vs. Genius vs. Protestor vs. Attendance vs. Beggar vs. Preferred vs. Buisness vs. Omage vs. Planing vs. Latest Comparisons Try vs. Scalp vs. Deploy vs. Rejuvenate vs. Actualise vs. Before deciding on moneyline vs spread betting, you should make sure that you know the difference between the two.
Here is what you need to know about moneyline bets and point spread bets. Moneyline betting is very easy to understand. You would also need to check out the odds for a moneyline bet before making it. Spread betting is slightly more complicated than moneyline betting.
If you place a spread bet on the Packers, you would need them to either win the game outright or cover the spread by losing by less than 3. If, on the other hand, you place a spread bet on the Bears, you would need them to win by more than 3. They only have to worry about whether or not their team wins. But as you can see, one of the downsides of moneyline betting is that those who bet on a favorite often have to lay down more money than they would have to when using spread betting.