Types of Horse Racing Bets Basics To Advanced

TYPES OF HORSE RACING BETSIf you are reading this you are either brand new to horse racing or trying to better familiarize yourself with everything going on including types of horse racing bets. Either way, welcome and here at LHR we try to give you the information you need in order to navigate the minefield that is handicapping. The LHR Academy was created to help people that are new to horse racing or just want to learn more about how to wager, calculate winners, or just better understand what is going on at the track. In this addition we are going to talk about the types of bets you can make at the track.

When you get to the track you can feel overwhelmed especially at the beginning. There are so many people running around, overloads of information, and a multitude of other distracting factors. Placing a bet should not have to be one of them. Below are the types of bets that can be made on almost any horse race but they are broken down into three categories: the basics, intermediate, and advanced. Let’s take a look at the types of horse racing bets.

TYPES OF HORSE RACING BETS

THE BASICS – WIN, PLACE, SHOW

Let’s start out looking at the basic wagering options on the track. When you begin handicapping it is best to start simple and grow as your knowledge increases.

WIN — A bet on a horse to win the race. If the horse you bet on wins the race then you win money

PLACE— A bet on a horse to finish second in a race. If the horse you bet on finishes in first or second place you win money.

SHOW — A bet on a horse to finish third in a race. If the horse you bet on finishes in first, second, or third place you win money.

ACROSS THE BOARD – Three equal bets on the same horse to finish first, second, or third. If the horse wins you win all three bets. If the horse finishes in second place you win two of the three bets. If the horse finishes third you win one bet.

 

INTERMEDIATE – THE EXOTICS

At this level things get a little harder but the rewards are also greater as well. Instead of focusing on one horse you are focusing on multiple horses in the same race.

EXACTA — Pick two horses in one race. If those horses finish in first and second, in exact order, you win.

QUINELLA — Pick two horses in one race. If those horses finish in first or second, in either order, you win.

TRIFECTA — Pick three horses in one race. If those horses finish in first, second, and third, in exact order, you win.

SUPERFECTA — Pick four horses in one race. If those horses finish first, second, third, and fourth, in exact order, you win.

SUPER HIGH FIVE – Pick five horses in one race. If those horses finish first, second, third, fourth, and fifth, in exact order, you win.

BOX WAGERS – Any of the wagers within this Intermediate section can be boxed. Boxing a wager allows the chosen horses to come in in any order. Boxing a wager calculates all of the bet options and drastically changes the price of an overall bet.

 

ADVANCED – MULTI-RACE WAGERS

Here things step up yet again. Not only are you picking the winner of one race but you are picking the winners of multiple races in order. The payouts here can go through the roof if you are correct.

DAILY DOUBLE — Two races, typically in order, make up the Daily Double. Pick one horse in each race and if the horses win  both races, you win. This wager must be made before the first race begins.

PICK 3 — Three consecutive races make up the Pick 3. Pick one horse in each race and if the horses win  all three races, you win. This wager must be made before the first race begins.

PICK 4 — Four consecutive races make up the Pick 4. Pick one horse in each race and if the horses win  all four  races, you win. This wager must be made before the first race begins.

PICK 5 – Five consecutive races, normally at the start of a race day,  make up the Pick 5. Pick one horse in each race and if the horses win  all five  races, you win. This wager must be made before the first race begins.

PICK 6 —Six consecutive races make up the Pick 6. Pick one horse in each race and if the horses win  all six  races, you win. This wager must be made before the first race begins.

If there is not winning Pick 6 bet that day, those picking 5 out of 6 will split 30 percent of the Pick 6 pool. The remaining 70 percent will be rolled into the Pick 6 pool on the next racing day, and will continue to do so until there is a correct 6-for-6 winner of the bet.

Hopefully this breakdown of types of horse racing bets will help you better understand what is going on, what you are reading, and the horse racing terms that broadcasters may throw out on air. Stay tuned for more editions of the Longshot Horse Racing Academy. Good luck and happy handicapping.

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About Adam

Adam is the creator and owner of Longshot Horse Racing which specializes in delivering rich unique content to the ever-growing internet and social media audience. As a writer with an affinity for Horse Racing, he is devoted to providing a fact based, unfiltered analysis of the sport, providing his race analysis tweaked for the "every man" while always remembering to have a little fun. Adam is also Lifetime member of the Internet Baseball Writers Association of America (IBWAA). Adam has an AS in Electronic Systems and a BAS in Electronic Engineering Technology.

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