Below are the types of wagers offered on certain races as well as how much they will cost. We hope this step-by-step guide makes your trip to the races a winning experience. Of course, the higher the payoff the more one's attention is attracted. While most newcomers don't realize, the higher the payoff, the harder it is to select the winning combination. You win if the horse wins. Obviously this bet is a little less risky so the return will not be as great. This is a conservative bet but still can be profitable if you pick your spots.
If the horse wins you collect all three bets. If the horse finishes 2nd then you collect the place and show bets. If the horse finishes 3rd then you will only collect the show bet. Now that you know what type of bets you will be making you must decide how much you want to risk for the whole day. It is suggested that you separate the money you want to play with from the money you want to take home. This way, win or lose you can find the enjoyment that makes thoroughbred horse racing one of the most popular spectator sports in the world!
Daily Double The daily double involves picking the winning horse in two consecutive races. All tracks offer the early daily double which involves races 1 and 2. Most tracks also offer a late daily double which is the last two races of the day. Some tracks also offer a rolling daily double which is on any two consecutive races.
To win a daily double you must pick the winning horse in each of the two races. Multiple combinations can be used when playing the double. Wheeling and keying horses in any leg of the daily is accepted. Quinella In the Quinella, you must pick the horses that finish first and second. Either one can be first and the other one second. This bet is exactly the same as the "Exacta Box".
Although the Quinella has the same function as the "Exacta Box" the payoff can vary substantially. You must remember that there is no such wager of an exacta box, it is really two separate bets on one ticket. The Quinella wagers are entered into their own pool separate from the exacta pool.
Not all tracks offer the Quinella wager, but to the best of my knowledge all tracks accept the term exacta box where ever the exacta wager is offered. If both the Quinella and Exacta wagers are offered it is wise to check the tote board before making a Quinella or Exact Box wager to see which one offers the greater payoff.
Exacta With this bet you must pick the first two finishing horses in the order of their finish. In other words, you must pick the horse that wins and the horse that finishes second. See our Types of Horse Races article for further details.
In both flat and National Hunt racing there are a series of classifications that indicate the prestige, likely purse value amount paid out in prize money and the quality of the horses involved, with Group 1 being the top classification in flat racing, attracting the best horses and offering the biggest purses, then, descending in importance through Group 2, Group 3, listed races and finally handicap races. In National Hunt, Grade 1 races are the top notch, going down through Grade 2, Grade 3, listed, handicaps, and then bumpers flat.
In handicaps, an official from the Jockey Club sets the weight each horse must carry in that race in order to provide a decent spectacle with close and exciting races. Generally speaking, the better the horse, the weight it must carry. For many — perhaps most — fans of horse racing, it is the betting element that brings the excitement, or a large chunk of it.
If you are a beginner to horse racing, you are most probably — but not necessarily — a beginner when it comes to betting in general. In brief, you first need to get a handle on the odds, most regularly displayed as fractions in the UK system. Then you have each way bets.
If you back a horse each way, you are really placing two bets: Depending on the size of the field, the horse can place in second, third, fourth and sometimes fifth as bookmakers sometimes have special offers on the biggest races like the Grand National.
And if your horse wins the race you are paid out for both the win and the place bets. There are many other types of bet available in horse racing, from predicting the correct order the first two or three horses finish in a race to multiple selections from different races to Totepool bets.
There are obviously many factors to take into account when picking a potential winner from a field of horses: Beginners Guide to Horse Racing.