Horse Racing Betting and Odds

Last Updated: January 1, 2024 4:16 pm

Horse Racing Betting and Odds

One of the fastest and most adrenaline-punching sports out there, horse racing is an all-time classic. There’s just something about how the gates open at top horse racing events that always draw the eyes of bettors. One of the reasons nearly all the world tunes into these racing events, such as the Preakness Stake and Kentucky Derby, is how easy they are to bet on. There are no loopholes or gimmicks here. Races usually last less than two minutes, so anyone can set aside time in their busy life to watch history being made. If you’re interested in joining the gambling world of horse racing, it’s quite simple and easy. Let’s take a look at the many options one bettor may have at the race tracks. 

Bet to Win: 

This one’s pretty self-explanatory. You’re betting on a single horse to win a selected race. To win this wager, this horse must come in first and only first. 

Bet to Place: 

Now comes the fun part. Bet to place is a wager that allows you to bet on a horse to finish either 1st or 2nd. If the horse comes in 3rd or worse, the wager is counted as a loss. 

Bet to Show: 

If you’re not confident in your horse to finish either 1st or 2nd, then maybe this one’s for you. Bet to show allows your horse to finish either 1st, 2nd, or 3rd in the race. The selected horse has to finish in the top three to cash. 

Exacta

Looking for a big-time win? Exacta is the first of three longshots bets you can place. For this wager, you select two horses that will finish in 1st and 2nd. The exact horses must finish 1st and 2nd for this wager to cash. For example, if you pick horse A to finish in 1st and horse B to finish in 2nd, and the results are horse A in 1st and horse C in 2nd, the wager is counted as a loss. 

Trifecta: 

Here’s one of the most popular bets on the horse racing market. Trifecta is when you’re betting on the 1st, 2nd, and 3rd place finishers. Just like the exacta, the exact horses must finish in your selected order to win. 

Superfecta:

A superfecta is simply the dream longshot wager. Millions of bettors try, but only a few are lucky enough to hit it. For this last wager, you’re betting on the 1st, 2nd, 3rd, and 4th place finishers in a race. 

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