You have two categories of wagers to choose from if you bet on the ponies: direct wagers and exotic wagers. For a novice, I suggest sticking with straight wagers. They are simple and inexpensive. You only pick one horse to come in first, second, or third. The minimum wager at most tracks for a straight wager is just $2.
Exotic wagers allow you to make several bets on multiple horses in a single wager. Exotic wagers are generally much more challenging to acquire than straight wagers, require an advanced degree of skill and knowledge in horse picking, and therefore are more costly. On the other hand, the payoffs on exotic wagers are much greater than straight ones.
Remember with a straight bet, you only bet on one horse.
WIN– You are gambling that your horse will come in first location. If your horse finishes in first, you get to collect.
PLACE– If you bet on your horse to”place,” you’re betting he will come in first OR second. You have to collect if your horse finishes in second or first. Payout for a place bet is significantly less than a win wager, but you really do have the safety of being in a position to cash in when your horse finishes in the top two areas.
SHOW– You’re gambling that your horse will come in first, second, OR third. Because you’re hedging your bets, you’ve got a higher prospect of winning, however, the payout for a show bet is substantially less than a win or set wager.
ACROSS THE BOARD– When you bet across the board, you are betting your horse to win, place, AND show. An across-the-board wager is what’s known as a”combo directly wager” because it has three different bets (win, place, AND series ) in a single. Because it has three stakes in one, an across-the-board bet is pricier than a simple win/place/show wager. As an example, a $2 across-the-board bet will cost you $6, since you are making three $2 bets. If your horse comes in first, you get the win, place, and show money. If your horse finishes second, you get put and show cash. If your horse comes in third, you just get the money. Across-the-board bets are not usually a fantastic wager because they are expensive and have less gain potential.
WIN/PLACE, PLACE/SHOW– Similar to a across-the-board wager in that you are making multiple straight wagers in a single bet. In a win/place wager, you’re gambling your horse to acquire AND place. If he wins, you collect the triumph and place cash. If he finishes second, you collect just the place cash. In a place/show wager, you’re betting that your horse will put and show. If your horse finishes second, you collect the place and show money; if he finishes third, you merely get the money. Because you’re putting multiple wagers in your horse in a single bet, a win/place and place/show is more expensive. A 2 win/place wager will cost you $4 because you are betting $2 your horse wins and $ two that your horse puts.
Exotic wagers enable you to bet on multiple horses in one bet, letting you increase your profit potential. But as I mentioned above, they’re much harder to win than straight stakes, can get expensive if you are not careful, and require a great deal more skill in handicapping horses. Don’t hesitate to experiment with some exotic wagers after you’ve completed a couple of straight bets.
EXACTA– You’re betting on two horses to come in second and first in an specific order. As an instance, in the event that you put a $2 exacta on horses 3 and 5, you can just accumulate if horse #3 comes in first and horse #5 comes from second. Exacta bets are popular amongst skilled horse handicappers because the payoff can be very rewarding. You may also”box” your exacta bet that means your two horses can arrive in any order in the top two areas and you still win. Boxing an exacta costs twice as far as a direct exacta bet. So a $2 box exacta on horses 5 and 3 will cost you 4.
QUINELLA– Using a quinella bet, you’re betting on two horses to come in first and second in any order. Provided that your two horses finish in the top two spots, you win. Therefore, if you put a $2 quinella bet on horses 1 and 6, you can collect if horse #1 and horse #6 come in first and second in any order. You might be thinking,”What’s the difference between a quinella and a box exacta? Both let you win if both horses come in second or first.” The significant distinction is price: a $2 quinella wager costs $2 while a $2 box exacta bet will cost you 4. Why would anyone pay more for a box exacta if it is essentially the exact same bet for a quinella? The payout for a box exacta is generally more than a quinella bet, that’s why.
TRIFECTA– You wager that three horses will finish in first, second, and third in an exact order. If you put a $2 trifecta wager on 1-5-7, then you may just collect if horse #1 comes from first, horse #5 comes in secondhorse #7 comes in third. You could also ship your trifecta bet so you can win if your three horses arrive in the first, second, and third in any order. Boxing a trifecta will considerably boost the cost of your wager because there are many combinations. So a $2 box trifecta bet will actually cost you 12 or a $1 trifecta boxed will cost you 6.
SUPERFECTA– You bet that four horses will finish, first, next, third, and fourth in an exact order. Much like exactas and trifectas, it is possible to box a superfecta for an additional price. The minimum wager is frequently 10-cents, making it more appealing to a lot of people.
I am not likely to get into”keying” horses with these exotic bets. That’s a little bit too complex for our purposes . Fundamentally, keying horses allows you to minimize your wager, while increasing your payout if you pick your horses right. It is something that I’d look into as soon as you get comfy handicapping horses using exotic wagers.
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