The place bet covers for this possibility, allowing you to cash a ticket if your pick finishes in the top two. You win the wager if your horse finishes first or second. Payoffs are usually smaller than those generated by win or place bets. You win the wager if your horse finishes first, second, or third.
A show wager will yield the lowest payoff but offers the greatest chance of winning. Exotic Wagers Exotic wagers involve betting on two or more horses, either within a single race or across multiple races. You can play multiple tickets and combinations to increase your chances of winning, though this also increases the cost.
With each extra finishing position you attempt to select, the difficulty increases, but so too does the potential payoff. Exacta Bet One of the oldest exotic wagers, the exacta requires you to select the top two finishers in the correct order. If you've mastered the art of win, place and show wagers, try an exacta. An exacta is more difficult than win, place and show wagers, but yields a higher payout.
You bet an exacta by selecting a minimum two horses to finish first and second. These horses must finish first and second, in that order, for you to win the wager. If picking two horses in order sounds too difficult, you can "box" your wager.
A boxed wager will win if your horses finish 1st and 2nd, in any order, making it more likely for you to win. Trifecta Bet The trifecta adds another layer of complexity, requiring you to pick the top three finishers in the correct order. The minimum bet amount is often 50 cents.
For those of you that are new to betting on horses, I would recommend sticking with a straight wager. These are much easier to understand and more likely to hit. Exotic bets provide bigger payouts, but require a better understanding of the field. You select three horses that you think will finish in the top three. There are six different combinations that you could make for a straight trifecta. As long as those three horses come in 1st, 2nd or 3rd, you win your bet. In simple terms, the odds are determined by the people wagering.
Odds are calculated based on the amount bet on a horse in comparison to how much is bet on the other horses in the field. The more money bet on a single horse, the worse his odds will get. While race tracks will show a horses current odds at 6 to 1, the odds are actually rounded to the nearest.
So while a horse may be listed at 6 to 1, it might actually be 5. Most of the odds you see prior to this point are from online sportsbooks. You can place a wager at a local or nearby racetrack or at an online sportsbook. When you place your bet on a race is up to you, just as long as you get it in before the window closes for that particular race. For races that have odds posted well in advance like the Derby, you can wager on it well in advance. Just keep in mind that the odds you get can change quite a bit by the time the race actually starts.
Plan on placing your bet s at an actual racetrack? You are also going to want to store the ticket in a safe place nothing worse than losing a winning ticket. Wondering how to cash a winning ticket? Simply return that ticket to the betting window where you purchased it. Have everything you want to bet down on a piece of paper before heading to the window. You can also avoid the long lines by getting your bet in early. Focus in on what the real horse racing experts have to say.
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