Placing a Horse Bet - Horse Racing BettingWhen placing a horse bet it is important to know what type of bet you are placing. The easiest way of placing a horse bet is a straight bet in which you bet on whether or not the chosen horse will Win, Place, Show. Placing a horse bet of win says that you expect the horse to come in first place. However, placing a horse bet of Place or Show says you expect the horse to come in second for Place and third for Show. This way of betting also has an Across the Board bet. The Across the Board bet says that you hope the horse comes in at any of the three. This bet allows you to place a wager on all three Win, Place, and Show but if the horse wins you win all three. If the horse comes in second you win the last two but if the horse comes in third you only win the last bet. The straight bet can be used in other forms such as the Exacta, Trifecta, and Superfecta. All of these also have a box form of betting which means the bettor can win on any combination.
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The Quniella is another form of betting in which you place a bet on the horses to come in first and second in any order. This bet is the same as the Exacta Box bet however the payoff is normally different. The Exacta also has other forms of betting such as the Exacta and the Exacta Wheels. The Exacta bet is wager on the horse that will win and the horse that will come in second in that order. The Exacta Wheel is a good bet if you aren't sure which horses will win or come in second however you must pick one for either and you can have a selection for the other choice. For example, if you know #1 will win but aren't sure which of numbers 4, 5, 6, or 7 will come in second you can place the bet with #1 for sure and 4, 5, 6, 7 for second place. The bettor will win if # 1 comes in first place and either of 4, 5, 6, or 7 comes in second place. The same wager can be done the opposite way with a guaranteed horse for second place but a selection of horses for first place.
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The Trifecta bet is where you pick 3 horses to finish in a certain order. The Daily Double involves picking horses in two consecutive races and the Pick 3 is wagering on horses in three consecutive races. The Superfecta is a pick of the first four horses to finish the race. All of these forms of betting have the straight, box, and wheel combinations similar to the ones mentioned earlier. There are also many different variations of the previously mentioned ways of betting but these are more or less the basic ones.
by Arthur Bodley at 1800-sports.com on May 04, 2011
Preakness Stakes Betting Articles
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