Horse Racing Betting Types
Below are types of horse
racing betting types. You need to state what you
are betting on by making a selection, the type of
bet and the amount you are wagering. Your selection
will obviously depend on the odds offered, so you
will want to examine the range of odds available
before you make a decision.
There are many types of bets you can place. Some
sportsbooks may offer more betting varieties and
combinations than others. Below is a list of the
more common types of bets used in horse racing.
Examples of Horse betting and variations
Straight bet or Single
or Win bet: This is the simplest and
most common bet. You bet on a winner at given
odds. You collect only if your chosen horse is
the first across the finish line.
Place: A wager for place means
you collect if your selected horse finishes either
first or second.
Show: The third horse across
the finish line. A wager to show means you collect
if your selected horse finishes either first,
second or third.
Combination Bet: Combinations
cover from two to four horses to win in chosen
order.
Pick 3: This wager requires the
player to pick the winners of three consecutive
races. Some race tracks have a rolling pick 3
which is when the player must pick three races
in a row and it continues for the next three races.
Pick 6: This wager requires the
player to select the winner of six consecutive
races prior to the first race of the pick six.
Some tracks place the pick six as the first six
races, the middle six races, or the last six races.
Many tracks have carry over pools for the pick
six that can grow to as high as a million dollars.
The Daily Double:
You win if you pick the winner of the first and
second race. To bet you say "$2 daily double
on 3 (your pick to win in the first race) and
5 (your pick to win in the second race)".
Your bet must be placed before the start of the
first race.
Quiniela:
(Reverse Forecast, UK) You win if you pick two
horses that finish first and second, in either
order, in any single race. To bet you say "$2
quiniela, numbers 5 and 6". If the results
of the first two horses are either 5-6 or 6-5,
you win.
Quiniela Box:
Pick three or more horses. You win if any two
of your selections finish first and second. To
bet you say "$2 quiniela box on 4, 5 and
6". You are making three separate bets so
your minimum bet is $6. If they finish 4-5, 4-6,
6-4, 6-5, 5-4 or 5-6 you win. You can box as few
as three or as many as the field.
Quiniela Double:
Quiniela Double is a combination bet of two winning
quinielas in the last two races. Select two horses
to win and place, in either order, in each of
the last two races. You must win both quinielas
to win your Quiniela Double.
Quiniela Wheel:
You can also 'wheel' a favorite horse, so that
it is combined with all the other horses. Based
on the $2 value, the total cost of a wheel with
say, 6 other horses is $12. For example; if you
wheel #2 with 6 other horses in the same race
and #2 comes in first or second, you win because
you have all the 6 combinations covered.
Perfecta or Exacta:
(Straight Forecast, UK) The Perfecta is similar
to the Quiniela, except the two horses must finish
in the exact order. To bet you say "$3 Perfecta,
5-6". Only if the horses finish 5-6 you win.
Perfecta Box:
As with the quiniela box, except the two horses
must finish in the exact order. To bet you say
"$2 perfecta box on 4,5 and 6". You
are making six separate bets so your minimum bet
is $12. If they finish 4-5, 4-6, 6-4, 6-5, 5-4
or 5-6 you win. With Perfecta Box, for each extra
horse you add to the box the possible combinations
get compunded and your number of bets increases
accordingly. A "$2 perfecta box on 4 horses"
will cost you $24 (12 bets), a "$2 perfecta
box on 5 horses" $40 (20 bets), and a "$2
perfecta box on 6 horses " $60 (30 bets).
Straight Trifecta:
(Tricast or Treble Forecast, UK) Pick the first
three horses to cross the finish line in exact
order. To bet you say "$2 trifecta numbers
7,4 and 5". Only if they finish 7-4-5 you
win.
$1 Trifecta Box:
Pick three horses to finish first, second and
third, in any order. To bet you say "$1 trifecta
box 2,3 and 5". You are actually making six
$1 bets, so your total bet is $6. If they finish
2-3-5, 2-5-3, 3-2-5, 3-5-2, 5-2-3 or 5-3-2; you
win.
$1 Trifecta Key:
Pick your favorite horse to win, then two or more
others to place and show in any order. To bet
you say "$1 trifecta key on 1 with 2 and
3". You are actually making two $1 bets so
your total bet is $2. To win your Key horse must
win and the other two must finish either 1-2-3
or 1-3-2.
Superfecta:
The straight superfecta is played by picking the
first four horses to finish in exact order. To
bet you say "$2 straight superfecta 1-3-2-8".
You would collect if the race finishes exactly
1-3-2-8.
You can Box, Key or Wheel
most of the above bets.
Note: Different
countries and different race tracks may have different
rules, use different terms for how to bet and
also for the types of bets. If unsure, ask the
sportsbook or bookmaker when placing a bet.
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