To bet on horse racing, follow these basic steps and understand common bet types:
Basic Steps to Bet on Horse Racing
-
Choose a Race and a Horse
Select the race you want to bet on and pick a horse you think will perform well. -
Decide Your Bet Type
The simplest bets are:- Win : Your horse must finish first.
- Place : Your horse must finish first or second.
- Show : Your horse must finish first, second, or third.
You can also bet "across the board," which means betting on Win, Place, and Show simultaneously (costs three times the base bet)
- Place Your Bet
Bets usually start at $2. You can bet more if you want. You place your bet at the betting window or through an online platform
More Advanced Bets
- Exacta : Pick the first two horses in the exact order.
- Exacta Box : Pick two or more horses, and they must finish in the top two in any order. This costs more because it covers all combinations. For example, a two-horse exacta box costs twice a straight exacta bet
- Trifecta : Pick the first three horses in exact order.
- Trifecta Box : Pick three or more horses to finish top three in any order.
- Superfecta : Pick the first four horses in exact order, with a boxed option available as well
Tips for Beginners
- Start with simple Win, Place, or Show bets to get comfortable.
- Consider betting on horses with lower odds if you want a higher chance to win but smaller payouts, or higher odds for bigger payouts but less chance of winning
- Use strategies like betting on favorites or experimenting with exacta boxes once you gain experience
In summary, start by picking a horse to Win, Place, or Show, then explore more complex bets like Exacta and Trifecta as you become more confident
. Betting can be done at the track or online through betting platforms
. This approach balances simplicity with options for more excitement as you learn.