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Starting the journey to the betting windows
at the racetrack, the computer, or your
luckiest horseracing
betting shop can be
a treacherous and intimidating venture.
Let’s try to break down some of the
terms a novice may encounter - as far as
what types of bets are offered - and break
through the mumble jumble.
We’ll also touch on how to initiate
the bet and a few of the basic online betting
terms.
The most common form of all wagers is
to win. You cash a ticket if your horse
finishes first. A place wager is a bet
that your horse finishes 2nd. If he wins
or runs 2nd, you cash.
When horse betting to show, if your horse
finishes 1st, 2nd or 3rd, you win.
Betting across-the-board is betting one
horse to win, place and show.
A daily double bet calls for the selection
of the winning horse in 2 designated races.
Most tracks offer Daily Double bets in
the 1st and 2nd races. If a fan bets a ‘7-7’ daily
double, number 7 must win 2 consecutive
races.
When betting an exacta (or perfecta) the
horses you select must finish in exact
order of finish. If you bet a 1-7 exacta,
the 1 horse must win and the 7 horse must
place.
In a quinella bet you are rewarded if
your selections finish first and 2nd in
any order. If you make a 4-5 quinella bet,
and the 5 wins and the 4 runs 2nd, you
win. If the 4 wins and the 5 runs 2nd you
also win.
You must select the 1st, 2nd and 3rd horses
in a race in their exact order of finish
when winning a trifecta bet.
Twin trifectas are usually offered on
full fields and tough races. To win the
bet the player must select the exact 1-2-3
finish in 2 designated races.
A winning superfecta wager encompasses
selecting the exact order of finish of
the top 4 horses.
When playing vertical wagers, a good strategy
is to key one horse in the first, second
or even third slots of the bet and surround
him with logical contenders and a couple
of live longshots. With just a little luck,
you can make a nice score with this agenda.
The Pick 3 and Pick 4 have become one
of the most popular bets at the track among
sophisticated players because the takeout
- the percentage of tax taken from each
betting pool - is spread out among 3 or
4 races. We are talking value right off
the top and that is the name of the game.
To win the Pick 3, a player must correctly
select the horses that come in 1st in 3
designated, usually consecutive races.
Add a race to hit the Pick 4.
The Pick 6 is an elongated Pick 3 but
with syndicate bettors getting together
on the huge carryover days, the 6 and dream
of a life changer are tough to come by.
Unless you have an unlimited bankroll,
and in that case you should be on your
own Caribbean island, you have to have
singles in the horizontal type bets. Using
one, two or even three singles, if successful,
will give you a chance to shoot for the
moon for the huge score.
Remember, there is value in the Pick 3
and Pick 4 but if you like a 5 or 6-1 shot
in that sequence, make sure you bet straight
to fuel the animal.
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Posted on 8/13/2007 7:33:06 PM
Horse Betting Basics
By Brian Mulligan
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