What Are The Different Types of Horse Betting Types?

The most popular horse betting type by far is the outright odds of winning a particular race (known simply as a WIN), whether it be the Kentucky Derby, Breeders Cup or any other race.  If Horse X is listed at 3-1 odds and wins, you receive a payout of $30 for every $10 bet or $300 for every $100 bet.  There are other horse racing types many new to the sport might not quite understand.  We here at Gambling911.com will attempt to do so below.

Remember that when betting online with an internationally licensed online racebook such as Americas Bookie, you will not be required to provide a social security number.  You can claim up to 100 percent of your initial deposit (i.e. open with $100, receive a FREE $100) (restrictions do apply). 

Place - You collect if your horse finishes first or second.

SHOW - You collect if your horse finishes first, second or third.

Quinella - For the Quinella, you have to pick (on one ticket) two horses to run first-second or second-first.

Exacta – Another of the more popular horse betting types.  For the Exacta, you have to pick (on one ticket) the exact order of official finish of the first two horses of a race.

Trifecta – Especially popular and, as one might imagine, the payout could prove extraordinary.  The Trifecta calls for you to pick the first three horses in exact order of official finish.

Daily Double – You’ve probably heard mention of this particular type of betting.  It basically entails picking the winners of two races in a row. The Daily Double is usually contested on the first two races of the day and the last two races, although some tracks have daily double betting on horse racing throughout the day. The betting is straightforward. $2 is the minimum bet, and you must select the winners of both races on one ticket.

Across The Board - Betting across the board is simply making an equal win, place and show wager on one horse. “$2 across the board on number six” is the same as saying $2 to win, $2 to place and $2 to show on number 6 for a total of $6.

- Ean Lamb, Gambling911.com