In this article we are going to take a look at the different type of bets you can make in the American horse racing markets.
There are generally two gambling options for horse racing bets, depending on how daring you want to be. Most bettors prefer to stick with straight bets with lower odds, while others would instead opt for exotic bets with higher odds.
In this guide, we’ll discuss the various gambling options that can help you make better decisions and bet like a pro at some of the best horse racing gambling sites.
There are a couple of exciting gambling options under the straight bet types. It is also a standard player option because it’s easy to understand. It involves choosing a horse and gambling on it to come in first, second, or third.
The simplest on the list is gambling on your horse to win the race, which has the highest odds too. So if your horse wins the race, you win the bet and cash your ticket.
This option is similar to the win bet but throws more weight behind your winning chances. Hence, you are wagering on your horse to finish first or second. The odds here are lower than the win bet, though.
Show bets offer the lowest odds among the three options. Once you choose a horse, you wager on it to come in first, second, or third. The additional possibility increases your chances of winning and reduces your odds.
Across the Board Set
Think of this as a combination of all the gambling options above. So when you bet two dollars on the number three horse across the board, it means you’ve placed a bet on it to win, place or show on a single ticket.
The total bet will be worth six dollars since you’ve made complete bets on three scenarios. You can combine them differently, such as win/place, win/show, etc. Each combo will cost you a separate bet but will be on a single ticket.
Exotic wagers differ from straight ones because they allow you to bet on multiple horses in a single wager. However, the combination means you’re up against more difficult odds because it’s more complicated to win than straight wagers. Asides from taking more weight off your pocket, they also require advanced knowledge of horse racing.
The good news is that you get much greater odds, so it’s a game with higher risk and rewards. There are two types of exotic bets; horizontal wagers and vertical wagers.
Think of parlay bets when you see horizontal wagers because you get to select winners of consecutive races before the first race series begins. There are different combos here too, which include Daily Double, Pick 3, Pick 4, and others.
This variation of horizontal bets allows you to pick the winner of two consecutive races before the race starts. So if you like the number one horse, you can want it to win the first race, then choose another to win the next race; you can also select number one to win both races if you believe it can.
Pick 3 is similar to the Daily Double variation because you have to select the winner of consecutive races, but this time, three races ahead. Again, ensure you know the minimum wager your gambling site provides.
The parlay system here differs from conventional ones because you aren’t required to make multiple bets on multiple outcomes. For example, instead of gambling$3 on a parlay bet (with three variations) with a minimum bet of $1, you can bet $1 on the winner of all three races.
Pick 4 is a four-race parlay equivalent to three race parlays discussed earlier. So you have to pick the winner of four consecutive games before the first race. Each combination will cost you the same amount. It works the same way for the Pick 5 and Pick 6 gambling options.
Vertical wagers allow you to use select the finishing order of a race. Like horizontal wagers, it starts from two (Exacta) to three (trifecta) and four (superfecta). Exotic vertical gambling options like Exacta, Trifecta, and Superfecta are designed to help the handicapper to select an order for multiple horses, but they can either be straight or boxed.
To win on Exacta bets, you must correctly choose the order in which the first two horses finish the race. You will identify which horse will take the first position and finish second.
To win on Trifecta bets, you must correctly choose the order in which the first three horses finish the race. For example, you will identify which horse will take the first position, which will finish second, and the horse that comes in third.
To win on superfecta bets, you must correctly choose the order in which the first four horses finish the race. For example, you will identify which horse will take the first position, which will finish second, the horse that comes in third, and the one that finishes fourth.
Boxing Exotic Bets
Boxing bets are not types of bets but strategies you can use within several kinds of bets. It gives you an alternative to box the order of the horses, so you don’t have to worry about the specific order. Here, they have to finish in either the top 2 (Exactas Box), top 3 (Trifectas Box), or top 4 (Superfecta Box).
This gambling market is a special option that fits into the boxed exotic categories. It allows you to choose which horse finishes first and which comes second without considering the order. So you can wager a two-horse quinella and get the same features as a two-horse exacta box bet. The difference is that a quinella is a single game, so you can play a two-dollar quinella for two dollars, while a two-dollar exacta box costs four dollars.
Whatever type of bet you are looking to make. Making sure you have a solid sports betting staking strategy is going to be key.
Ryan is a former mixed martial arts and kickboxing competitor. After finishing university he played online poker and taught English for a living in Thailand for a few years.
Upon returning to England his focus has been on making a living from sports trading, betting and arbitrage. Over the course of 5 years he has managed to make a six figure profit using the strategies discussed on this site.
Ryan runs the sports betting and trading website www.smartsportstrader.com