Horse Racing Exotic and Straight Wagers
Watching and betting on premium horse racing events is an activity that continues to capture the interest of gambling and sports enthusiast. Horse racing offers a different experience that combines entertainment, experience, and thrilling moments all at the same time. With a rich history behind the sporting/gambling event, there is no question that the activity will endow betting communities with exciting and rewarding moments—not to mention the diversity of the activity, which welcomes low-stake bettors all the way to high rollers.
Participants of horse racing bets have two categories of wagers to choose from, which includes straight wagers and exotic wagers. First-time players are recommended to employ straight wagers as they are simpler and cheaper in general. All bettors have to do is select one horse to come in first, second or third, and wait for the results to be verified.
Meanwhile, exotic wagers allow users to place multiple bets on multiple horses in a single wager. Exotic wagers are generally with more complicated mechanics but yield more rewards in the end. For those who wish to utilize this betting system, it is highly advised for players to conduct thorough research and acquire an advanced degree of skill and knowledge in horse picking.
- WIN – Betting on a horse that will come in first place.
- PLACE – When placing bets on any horse to finish, you’re making a predicting that the horse will come in first or second. If the horse finishes in either of the two places, bettors get to collect winnings on top of the initial wager. Typically, payouts for place bets are less than win wagers but offer a bigger window of opportunity.
- SHOW – Betting on a horse that will come in first, second, or third. Since wagers are hedged here, higher chances of winning are present, but payout is substantially slimmer than the latter two.
- ACROSS THE BOARD – When betting across the board, players essentially bet on a horse to win, place, and show. Across the board bets are also known as “combo straight wagers” because it combines three different bets in one. Since there are three bets present, this variation requires larger initial wagers.
- WIN/PLACE, PLACE/SHOW – Similar to the latter betting type, this also utilizes multiple straight wagers in a single bet. In a win/place bet, player bet on a horse to win and place at the same time. If the player wins, both the win and place winnings are collected. On the other hand, if players finish second, you collect the place money along. In a place/show bet, wagers rely on the horse placing and showing; if the horse finishes third, only the show money is available for collection. Because bettors place multiple wagers on a horse in a single bet, a win/place and place/show is more expensive.
Exotic wagers are more complicated in the sense that bettors are allowed to place bets on multiple horses in a single bet, allowing profit potentials to amplify further. But it is also important to take note that these types of bets are harder to win than straight bets.
- Exacta – Betting on two horses to come first and second in an exact order. These bets are popular among veterans of the trade and skilled horse handicappers since the payoff can be very lucrative as opposed to its straight bet counterparts.
- Quinella – Quinella bets are placed on two horses to come in first and second in any order. As long as the two horses finish a 1-2, bettors are eligible to collect winnings on top of their initial wagers.
- Trifecta – These are bets placed on three horses that are predicted to finish first, second, and third in the exact order.
- Superfecta – These are bets that involve four horses that will finish first, second, third, and fourth in an exact order.