To the newcomer, wagering on horse races may seem a bit intimidating given the jargon and the vast array of potential bets. However, that is really not the case when it comes to these online horse betting games. Really, all it takes is to learn a few of the basics and you can be well on your way to a profitable and enjoyable day at the races.
Let’s first take a look at the variety of wagers that are offered at most racetracks and online betting outlets, and then follow that with a few tips that are unique to the online betting experience.
There are two general categories of wagers in horse racing. They are dubbed straight bets, which include the traditional win, place and show wagers; and the more lucrative “exotic” bets, which include things like the Daily Double, Exacta, Quinella, Trifecta, Superfecta, Pick 3, Pick 4, Pick 5, Pick 6 and more.
Straight bets are a minimum $2 wager and are the best way for a horse racing newbie to get started. With these bets, you place your money on whether a particular horse will win, place (finish 2nd or better), or show (3rd or better). The odds you see posted next to a horse’s number on the tote board reflects what a horse will pay to win for each dollar bet. For example, if there is a ‘5’ listed next to a horse’s program number, which means its odds are 5-to-1. So, if you bet $2 to win and that horse comes in first, you will get back $10 (5-to-1) plus the original $2 investment for a total of $12.
Learning to pick winners is the first step in being successful at the variety of online horse betting games that are offered today. Place and show wagers are easier to hit, but therefore will also pay less than a win bet. All of these wagers can be made via online betting or at the track.
One long-time favorite way to make straight bets is to wager on a horse “across-the-board.” This will cost you a minimum of $6, as it entails betting $2 win, $2 place and $2 to show on the same horse. You will collect with this wager if your horse finishes in any of the first three positions. Even better, though, is if your horse wins you will collect on all three bets. This is a great way