Horse Racing Wager Types
Win: If your horse wins
the race, you win the bet.
Place: If your horse
runs first or second, you win the bet.
Show: If your horse runs
first, second or third you win the bet.
Exacta: This is a bet
involving two horses. If the two horses
you pick (for example, 3,4) run in the order
picked - the 3 would have to win and the
4 would have to run in second place - you
win the bet.
Exacta Box: This wager
is actually two exacta bets on one ticket
using the same 2 horses. For example, 3,4
- 4,3. Your horses can run first and second
in either order for your bet to be a winner.
Exacta Wheel: If
you are sure of the first or second place
finisher but unsure of the other spot
you can "key" one
horse, for example the 4 and bet "with all" to
finish in the other position.
Exacta Partial Wheel: Like
above only instead of "with all" you can
key your horse and bet with a selection
of others to finish in the other position.
Quinella: Like the exacta
box but only one bet instead of two. The
payout is usually not quite as high as an
exacta bet. Not offered for every race at
every track.
Daily Double: Like a parlay
bet involving two consecutive races, usually
the first two races on a card and the last
two races on a card. Some tracks offer a
rolling Daily Double for all races. You
must pick the winner of the first race and
the winner of the next race. Bets must be
placed before post time of the first race.
If one of the legs of the double is a loss
the entire wager will be deemed a loss.
Daily Double Wheel: Like
the exacta wheel, if you are sure of the
winner of one of the two races, you can
key that horse and bet 'with all' on the
other race of the bet.
Daily Double Partial Wheel: Same
as above but rather than betting 'with all'
you can select various others of your choice.
Trifecta: This wager involves
the picking first three finishers in a race
in exact order (similar to an exacta but
with three horses instead of two). The payout
is usually much higher than that of the
exacta.
Trifecta Box: Like the
exacta box, this would actually be 6 bets
on one ticket. You are betting all possible
combinations of a three-horse wager. For
example, 3,4,5 - 3,5,4 - 4,3,5 - 4,5,3 -
5,3,4 - 5,4,3.
Trifecta Wheel: Same as
the exacta wheel where one horse is keyed
in one of the positions (first, second or
third) and all other horses are placed in
the other two positions.
Trifecta Partial Wheel: Same
as the trifecta wheel but instead of betting
with all, selected combinations are placed
in the other two positions.
Pick 3: This wager includes
picking the first place finishers of three
consecutive races. The wager must be placed
before post of the first race. If one leg
of the pick 3 is a loss the entire wager
will be deemed a loss.
Superfecta: This wager
involves picking the first four finishers
in a race in exact order. The payout for
this wager can be very high because the
chances of winning the bet are pretty low.
Not available for all races especially races
with fewer than 8 runners. Superfecta box,
superfecta wheel and superfecta partial
wheel also available.
Pick 4: The first place
finishers of four consecutive races must
be picked in order to win this wager. The
wager must be placed before post time of
the first race. If one leg of the pick 4
is a loss the entire wager will be deemed
a loss.
Race Book Betting Exacta's
Explained
Race Book Betting Straight
Bets Explained
Race Book Betting Superfecta''s
Explained
Race Book Betting Trifecta's
Explained
Race Book Betting Quinella's
Explained
Race Book Betting Pick
3's Explained
Race Book Betting Daily
Double's Explained
Other
Racebook Betting Types Explained
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