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The Types of Bets in Horse Racing

Horse racing, also known as the sport of kings, has captivated fans and bettors for centuries. Whether you’re a seasoned bettor or a curious newcomer, understanding the types of horse racing bets is essential. Today, we bring you a guide to help you know the types of bets in horse racing.

Of course, our horse racing tutorials can shed more light on other tips, guides and such. But it is very important for you to know what your betting options are. If you manage your bankroll properly, you will be more discerning of the bets you will place.

Types of Bets in Horse Racing

And if you do decide to create an online racebook, you will also need to know all of the possible bets that your players can make. With so many events around the world, plus a wide pool of players, things can get busy, and it would be easier for you if you know what the popular bets are.

You can also make it easier to earn from horse betting by using a good bookie software. This PricePerPlayer.com review will help you understand how a good pay per head software can help you earn easily in horse racing. Meanwhile, there are the types of bets that people can play in horse betting.

Win Bet. It is the simplest and most popular bet. Here, you will be wagering on a single horse to finish first. If your chosen horse races across the finish line ahead of the pack, you win.
Place Bet. Here, you bet on a horse to finish either first or second. If your horse snags the top two spots, you win the bet.
Show Bet. This is a more conservative option as you bet on a horse to finish in the top three. Even if your horse doesn’t win, as long as it places third or better, you collect.
Exacta. In an exacta bet, you will predict the first two horses in the correct order. If your chosen pair finishes in the exact sequence you bet, you win.
Trifecta. With a trifecta, you guess the top three horses in the correct order. If your trio crosses the line in the precise order you predicted, you win the bet.
Superfecta. The same as the exacta and trifecta, but now you’re aiming for the first four horses. The more guesses you make, the higher the risk. But the payout will be higher for this type of bet.

Other Popular Horse Racing Bets

Daily Double. Bet on the winners of two consecutive races. Think of it as a parlay.
Pick 3, Pick 4, Pick 6. These bets involve selecting the winners of three, four, or six consecutive races. Again, very similar to a parlay
Quinella. Similar to the exacta, but the order doesn’t matter. So, if your two chosen horses finish first and second, regardless of their order, you win.
Box Bets. Things get more complicated with this bet as you box multiple horses in an exacta, trifecta, or superfecta.
Placepot and Quadpot. These bets tend to be more popular in the UK. Bet on horses to place in the first six (placepot) or four (quadpot) races of the day. Here, you share your winnings from a pool.
Each Way Bet. This is a combination of a win and a place bet. Your stake is split—half on the win and half on the place.
Accumulator (Parlay). Link multiple selections in individual races. All of the horses must win for the bet to pay out. It is one of the riskier bets, but you can walk away richer if you win.
Yankee, Lucky 15, and Heinz. These are combination bets involving multiple selections. Each bet type combines singles, doubles, trebles, and sometimes accumulators.
Tote Bets. Also known as pool betting. The total stake is pooled, and the winnings are divided among the winners.
In-Play Betting. Bet during the race itself. Very fast paced, and the lines change really fast.
Ante-Post Betting. Bet well in advance of the race. Basically futures bets, but since there are more uncertainties, the risks and payouts are higher.
Match Betting. Here, you bet on one horse to finish ahead of another.
Novelty Bets. Fun and quirky bets. Examples include predicting the color of the winning jockey’s silks or the weather on race day. Similar to those Gatorade bets in the Super Bowl. They have nothing to do with the outcome of the race, so these are fun bets to place.