Betting types horse racing
Horizontal exotic wagers are bets on multiple horses in one particular race, while vertical exotic wagers involve predicting results across multiple races. Both have specific options for which bets are available and are detailed below. In the most basic horizontal wager, an exacta , the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses.
Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order. A quinella , which boxes an exacta allowing the first two finishers to come in any order and still win , is the basic box, but boxing can be applied to the trifecta and superfecta as well.
In a sense, a win bet can be thought of as a specific type of wheel bet. Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3, pick-4, pick-5 and pick-6 respectively. Betting exchanges[ edit ] In addition to traditional betting with a bookmaker, punters bettors are able to both back and lay money on an online betting exchange.
Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members. By the late 19th century over tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century.
In pari-mutuel tote betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future.
Betting on horse racing is ingrained in local culture and is seen as an investment. For more details on singles or straight bets as they are sometimes called and a winning bet calculator check out our full guide here on single bets. Double A double bet is on two selections running in different races or events.
Both selections must win or place if each-way to guarantee a return. If one loses the bet is off. For more details on this bet type, check out our guide here on double bets. Treble A treble bet is on three selections running in different races or events. It is similar to a double but all 3 selections must win or place if each way to guarantee a return. For more in-depth info and details on trebles, check out our guide to treble bets.
Trixie A Trixie bet comprises of three selections running in different horse races. The Trixie bet is comprised of four bets in total, these being: 3 x doubles 1 x treble To payout, a minimum of two selections must win or place in with each way bet, to get a return. If you are interested in this bet type, then find out more details on our Trixie bets page. Patent Bet A Patent bet is a one with 3 different selections and 7 total bets. It is the equivalent of a Trixie but with the addition of three singles.
So a patent bet is: 3 x singles 3 x doubles 1 x treble The total winnings will depend on the outcome of the different horses and the amount you have decided to stake. For more details on Patents simply check out our guide here on Patent bets, it also includes a calculator to help work out any winnings.
Accumulator An accumulator bet comprises four or more selections running in different races. All 4 or more selections must win or place if each way to guarantee a return.
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