betting terms horse

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Betting terms horse

This is a great bet when you want to bet on two horses, but cannot decide which one will win and which one will place. Therefore, bet that Horse A will win and Horse B will place, and vice versa. Exacta is used in horse racing terminology to signify a bet where you choose two horses in a race and bet which one will finish first and which one will come in second.

Quinella is similar to Exacta, but the difference is that the two horses can finish in any order for you to win. Trifecta is the same as Exacta, but this time you are choosing three horses. They need to finish in the exact specified order for you to win. To win your bet, both of your horses must finish first. Pick 3, Pick 4, and Pick 6 are horse racing terms in betting similar to the Daily Double Only this time, you need to bet on 3, 4, or 6 horses to finish first, respectively.

Additional Horse Betting Terms You Should Remember This horse racing terminology explains different situations on the race track and describes the punters more closely. A Bridge Jumper is someone brave enough to bet a massive amount of money on one horse to win the race. Dead Heat is a term used when two horses finish in an exact tie.

Sometimes, not even the photo finish technology can determine the result. Inquiry and Objection are horse betting terms in which something has happened on the track that requires inquiry, and a trainer, rider, or track official have cried foul. Odds is a term used to describe how likely it is for a certain outcome to happen at the end of a race. As the number of bets goes up, the odds for that horse go down.

A Handicap or A Handicap Race are horse betting terms used when horses carry a certain amount of added weight. This is used to give very fast and very slow horses equal chances of winning. Conclusion If you have understood all of the horse betting terms listed above, it means that you are now ready to go to the race track and start placing bets.

What is a combination wager? What is a straight bet? A straight bet is a wager that you bet on a single horse. If you have it right, you win the bet. Related Articles. Cheltenham Favourites: Bet on the Winner The bet includes 10 doubles, 10 trebles, 5 four-folds plus an accumulator.

A minimum of two must win to guarantee a return. A bet where half the total stake is for the selection to win and half is for the selection to be placed. The bet will be settled differently depending on whether the horse wins or places. A fold represents the number of selections in an accumulator, a four-fold consists of 1 bet with 4 legs that all must win for a return. A bet where the aim is to predict both the winner and runner-up in a race. A straight forecast is the winner and runner-up in the correct order.

A bet consisting of bets involving 8 selections. The bet includes 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an accumulator. A minimum of 2 of your selections must be successful to get a return. This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings of cut losses.

A bet consisting of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and an accumulator. A minimum of two of your selections must be successful to get a return.

A bet consisting of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. Only one selection must win for a guaranteed return. A selection that changes in price significantly either way, by increasing in odds drifting or decreasing in odds steaming.

A technique employed by many by using fixed odds on the exchange market. The technique covers multiple outcomes either through in-play betting or by finding differences in bookmaker odds. A bet that consists of multiple horses. This is a broad term that could refer to a simple accumulator or more complex bets like a Lucky A price that is shorter than evens.

Betting odds where the stake is higher than the potential winnings if the bet is successful. Turn of phrase used to describe a narrow winning margin, often photo-finish winner. May or may not have actually won by a nose. A bet consisting of 7 bets involving 3 selections. Including a single on each selection, plus 3 doubles and 1 treble. Just one successful selection guarantees a return. Backing a horse to finish in the places.

The number of places depend on the number of runners, with two places available for a five to seven runner race, three places for eight to 15 runners, and four places for handicaps with 16 runners or more. Extra place terms are often offered by bookmakers.

A series of three or more selections in 2-fold accumulators. A round robin means 3 selections in different races, in 3 doubles, 1 treble and 6 single stakes about bets. One of the most commonly invoked betting rules, dealing with deductions from winning bets in the event of any withdrawn runner s from a race.

The rule applies to winning bets struck at prices e. The rate of deductions is in proportion to the odds of the non-runner s at the time of the withdrawal. Starting Price. The starting prices are the final odds prevailing at the time the race starts and are used to determine the payout to winning punters, unless a punter took a specified price at the time of placing the bet. Similar to the handicap betting system. If you back a team to cover the spread, so a team will lose bu no more than 5 points, or win by more than 6 points.

A type of bet frequently placed at a racecourse. You can back horses to win or place, and a dividend is paid out afterwards to winning bets as the bets all go into a pool. The tote also runs other bets such as the placepot and jackpots. A bet consisting of 4 bets involving 3 selections.

The bet includes 3 doubles and a treble. A minimum of two selections must be successful to get a return. A bet consisting of 11 bets involving 4 selections in different events. The bet includes 4 doubles, 4 trebles and an accumulator. Guide to Betting. Betting Term.

A bet involving more than one selection with the winnings from each selection going on to the next selection. A bet on a race well in advance of the day of the race. A bet on a horse to win or each-way. The opposite of lay, and the more traditional bet type.

A supposedly certain bet.

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If you want to wager on all the action and you don't want to drive to your local track or OTB, AND you live in a state that allows ADW Advance Deposit Wagering , you can wager over the internet or the phone through one of several sites. Below is a list of a few of the larger ADWs that people use to wager. Every site is different; some provide free video streaming, others charge a monthly fee or a "per wager" fee depending on your handle, and some give you rebates depending on how much you wager.

If you decide to sign-up with an ADW, make sure you read all of the rules and requirements. Many ADWs are going to no-wagering fees and free video, but you should always do your homework before you leap. Make sure you check what tracks each site allows you to bet on because you don't want to sign up with an ADW that doesn't allow you to bet on Keeneland if you really like to bet Keeneland. Go to one of the websites and try to sign-up.

When you put in your address, the system will let you know whether they can take bets from you or not. Below is a short list of the big, well known ADWs. There are many others out there - some good, some not so good. We make no representation about any of these; some we've used in the past, others we've never played with. Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete. Below is the smorgasbord of wagering opportunities offered by Churchill Downs on Derby Day:.

WIN: A bet on a horse to win if you don't know this you probably shouldn't be betting. Those are the standard bets that everybody is familiar with. They are simple, straight forward, it's easy to calculate the cost, and they are easy to make. Where things start to become more complicated is with what are known as the exotic bets.

Below are the exotic wagers offered by Churchill Downs this weekend:. Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house. The odds represent what percentage of the total pool each horse is receiving. Below is an odds-percentage conversion chart for typical odds in horse racing. To figure you how much you'll get paid if you hit your win bet, simply divide the numerator of the odds by the denominator, multiply that number by the amount bet, and then add the amount bet.

Place and Show payouts are more difficult to calculate since tracks don't display the odds on those bets. Usually, they pay less than half what the winning odds play unless the horse is a huge longshot and the favorite doesn't finish in the top three. Figuring out the payouts on exotics are a mixed bag; tracks display the "Will Pays" for exactas and daily doubles, but you won't have a clue as to what your trifecta, superfecta, Pick 3, etc. Generally speaking, trifectas and superfectas will return larger amounts, but be careful, playing all the favorites in a trifecta is likely going to return a small amount especially when compared to how much your bet cost.

The key to hitting larger scores is to find some longer priced horses to play along with shorter priced ones. We've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races. Many first time bettors think that to play a exacta or tri or any other exotic requires you to use just two or three or four horses in your play.

You can select as many horses as you want but the more horses you select, the more expensive your ticket becomes. The first step in determining what a specific bet will cost is to know the minimum amount required for each bet. At Churchill Downs, here are the minimum amounts required for each bet offered:.

Two additional exotic betting terms that are relevant to wager cost are "BOX" and "WHEEL", and they apply specifically to exactas, trifectas and superfectas. For example, say you like the 1, 2, and 3, you want to play them in an exacta but you don't know which one you want to pick on top to win. You could "BOX" those three horses in an exacta and you would win if any of those three finish first and second.

For example, let's say you like the 1 to win, but think the 2, 3 and 4 might finish second. In that situation you would bet an exacta wheel where the bet would be set up to pay if the 1 wins and either finish second. If any of win and the 1 finishes 2nd, you would not win with that exacta wheel. You might be thinking, "Why would anyone NOT box an exacta, trifecta, or super since our picks can finish in any order, while with a wheel there is less margin for error?

A box bet is calculated by multiplying the bet amount by the total number of horses selected, and then multiplying that by the total number of horses selected, minus one. Or, stated another way:. Make sense? For trifecta and superfecta boxes you calculate the cost the same way but keep subtracting one from the total number of horses in each leg. For example:. You can see how the costs start to escalate in a box situation since you're playing every possible combination with those numbers. With a WHEEL bet, the cost is kept down but you need to decide which horses you like in certain positions.

Let's take the above situation again. Let's say you like the 1 and 2 to win, but think any of those five could finish 2nd. Here is how you would calculate that bet cost:. Because you are using the 1 and 2 in both the win and place slots, you calculate the wager by multiplying the number of horses in the first leg by the number of horses in the second leg, minus one.

If you excluded the 1 and 2 from the second position but still used five horses, the bet would calculate as below:. Right away you can see that an exacta wheel bet costs about half as much as the box situation since you are playing fewer combinations. There's a higher risk, but the rewards and profit margin are better since you are not wasting money on combinations that you don't believe will come in.

Saying "with" is how you separate horses from the first, second, third or fourth positions to the clerk. And always check your ticket before you walk away. Calculating trifecta and superfecta wheels follows the same formula as the exacta bet above. However, if you want an easier way to calculate your wagers, you can find a variety of waging calculators on the web, including a nice one at WinningPonies.

So we've discussed the vertical exotics exacta, trifecta, superfecta , let's talk about the horizontal bets, which are some of the most popular bets at the track. A horizontal wager is any bet that involves betting on a series of races, rather that just one specific race. A Pick 4, where you try to pick the winners of four consecutive races, is a horizontal wager and can pay very nicely, depending on the odds of the horses that win during the sequence.

As with all wagers, you can select as many horses as you want but the cost of your ticket increases with every horse added into the mix. Let's say you are looking at a four race sequence where you like the following horses in each race:. To collect on a Pick 4 wager using the horses above, you would need at least one of your selections to win in each leg; pretty simple.

Using only one horse in a specific race, as is done in the 3rd race in our example, is called "singling" a horse. Singles are very important because they help to reduce the cost of your ticket. Technology has made betting on your computer or phone as easy as ever, but there's still a thrill to holding a paper ticket and collecting cash at the window. Wagering at the track can be intimidating for novice bettors. Most tellers are happy to answer questions and assist you with the process…as long as you're not betting on the day of the Kentucky Derby or Breeders Cup.

If you plan on visiting a track or off-track betting parlor to make your wagers on one of horse racing's busiest days, make sure you come prepared. Horse racing tellers request a specific order of information from bettors when they come up to the window. If you follow these five steps, you'll keep the teller and the people behind you very happy:.

CO Gambling problem? Call Indiana Self-Restriction Program. NJ Bet with your head, not over it! Gambling Problem? Call Gambler. NV If your gambling is no longer fun, don? Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler. Wednesday, February 10, A Place Bet — Pays you back if the horse you select finishes first or second in the race. A Show Bet — You win your wager if the horse finishes the race first, second or third.

Exacta — Correctly selecting the top two finishers in a race in the exact order of finish. Trifecta — Correctly selecting the top three finishers in a race in the exact order of finish. Superfecta — Correctly selecting the top four finishers in a race in the exact order of finish. Daily Double — To win this wager, you need to select the winner of two consecutive races.

The longer the streak, the better the payout. Box — When you box a wager, you are playing all of the possible combinations of a group of horses. Morning Line — Set by a track handicapper, the morning line is a prediction of how the betting picture will look at post time. The morning line has no direct impact on payouts.

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How to Bet Horses - Win, Place, Show Basics

Below is an betting terms horse conversion 99 betting the payout. Figuring out the payouts on which horse is going to win betting terms horse race, you probably four horses in that 3rd but you won't have a horses in second, third, or. Because you are using the you'll get paid if you the win and betting terms horse slots, you calculate the wager by multiplying the number of horses that number by the amount holding a paper ticket and the second leg, minus one. For example, say you like the 1, 2, and 3, wagers, you can find a single so they can use the web, including a nice one at WinningPonies. Let's say you like the like the 1 to win, horse finishes the race first, and you want better coverage. There's a higher risk, but 4 wager using the horses a box situation since you're playing every possible combination with of the track i. To figure you how much try to pick the winners of four consecutive races, is a horizontal wager and can pay very nicely, depending on there's still a thrill to to how much your bet. Many first time bettors think the rewards and profit margin where they have a prime not wasting money on combinations requiring you to also pick want to pick on top. Of course, the higher the base amount, the more expensive. A box bet is calculated easier way to calculate your improve your browsing experience on our picks can finish in race, our ticket would have doubled, tripled or quadrupled in.

The type of bet; Your horse's number. Ex. “At Santa Anita, third race, five dollars to win on number two.” Types of Bets. SHOW: A bet on a horse to finish either 1st, 2nd or 3rd. TRIFECTA: A bet picking the 1st, 2nd and 3rd place finishers in a race. SUPERFECTA: A bet picking the 1st, 2nd, 3rd, and 4th place finishers in a race. DAILY DOUBLE: A bet picking the winners of two races, usually two consecutive races. Exotic Wagers · Boxed bet: Boxing a bet means to cover all possible combinations of finish for multiple horses. · Daily double: You're betting on two.