Horse races betting have become a very popular form of gambling over the last two hundred years. Today, many punters who are serious about horse races betting do a lot of research to achieve more successful outcomes on their wagers.
In the horse racing, Win, Place and Show bets are the easiest advanced bets include Trifecta, Superfecta, Exacta, and Quinella.
First, a word about odds. Each horse has fractional odds and odds on horse or favorite, it will have a fractional value less than 1. Other horses will have values greater than one. Multiply your bet by the fraction. Add the product to your bet to calculate the payout. Long shots always pay more than favorites.
Now let’s dig in. The win bet is picking a horse to finish first. You win if your horse wins the race. The place bet is picking a horse to finish second. You win if your horse finishes second or first. The show bet is picking a horse to finish third. You win if your horse finishes third, second or first. Each bet costs two dollars.
Betting win, place or show or across the board means you combine win place and show into one wager that on one or more horses each across the board wager costs six dollars per horse.
Now, for some advanced bets, the Trifecta Superfecta, Exacta and Quinella require you to pick multiple horses to finish in a specific manner.
First, the trifecta – Select three horses to finish first, second and third. Final order matters. Trifecta has cost one dollar.
Second, the Superfecta bet – Select four horses to finish first, second, third and fourth. Final order matters. Superfecta cost one dollar or 10 cents.
Third, the Exacat – Select two horses to finish first and second final order matters. Exacta costs two dollars.
Your Trifecta, Superfecta or Exacta win if the horses finish in the precise order you specify.
Finally, the Quinella bet – This one is different. Select two horses to finish first and second. Final order does not matter. Your Quinella wins if both horses finish in the top two. Quinnelas costs two dollars.
Modify these bets with a box or wheel. Here’s a trifecta box example. Pick any number of horses to finish first, second and third. Final order does not matter. Your Trifecta box wins if any of your horses finish in the top three in any order. Each possible combination costs one dollar.
Good luck at the races.