Types of Horse Race Wagers


Horse racing is a popular royal sport that is enjoyed by many even today. People spend their time visiting race-courses to watch and bet on their favorite horses. Horse race wagers is a common event that takes place in almost every race that happens at the courses. While there are some easy bets for beginners, wagers can also grow more complex as they become more rewarding. For people to bet on horse racing, here are the common terms they must know.

There are different levels of horse racing bets that one should know. The easiest bets that you can make in a horse racing event are the Straight bets.

Straight Bets

Straight bets are the easiest bets to make in any horse racing event. There are only three types of straight bets.

Straight Bets

Win bets

A win bet is made for the horse that you feel will win the race. If the horse wins the race, you win the bet.

Place bets

Place bets are the bests, which gives you a little more flexibility on deciding to bet on a horse that you feel will come first or at least second in a race.

Show bets

A show bet is when you place a bet on a horse that is expected to come first, second, or third. In any of the first three positions, the bet is won.

Exotic bets

Exotic bets are made for the bettors who plan on putting their wagers on more difficult options. There are two types of exotic bets – horizontal and vertical. Exotic bets are made on multiple horses, determining their positions. There can be a race to race parlays for two to six races where you will bet on a specific order of horses to finish the race.

Horizontal exotic bets

Horizontal wagers are also known as parlay bets as you can bet on consecutive races altogether before the first race begins. Daily double means the first two races, Pick 3 is for three straight races, and similarly, Pick 4, Pick 5, and so on. The wagers are available based on the number of races happening in a day.

Exotic bets

Combination of horizontal bets

The advanced bettors make multiple bets in a day. When you are confused between which horse (1,2,3) would win the race, you can play in combinations of different wagers in daily double (1-1,1-2,1-3).

Vertical Exotic Bets

Vertical wagers are similar to horizontal bets. Only in this case, you have to pick the correct finishing order of the race. An exacta is when you pick the first two finishers, the trifecta is for the first three, and superfecta is for the first four finishers.

Straight Exactas

Here you must pick the horses which you think will finish in first and second position in the exact same order.

Straight Trifectas

Here you must put your wagers on the horses that you think will finish in the first, second, and third position in the exact same order.

Straight Superfectas

In straight superfectas, you need to correctly pick the four horses, which you think will finish in the first four positions in the exact same order.

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