Horse Racing Bets & Bet Types (2024)
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Basic Bets
WIN BET
Choose only one horse to win the race, and if your selection wins the race - you win! Click here for more details on a Win bet
PLACE BET
On a Place Bet you choose one horse and your horse needs to finish first OR second to claim some winnings! Click here for more details on a Place bet
SHOW BET
On a Show Bet you choose one horse and your horse needs to finish first OR second OR third to claim some winnings! Click here for more details on a Show bet
Single-Race Exotic Bets
EXACTA BET
On an Exacta Bet you need to choose the horses that will finish first AND second in the correct order to claim your winnings! Click here for more details on an Exacta bet
QUINELLA BET
pick the first 2 finishers (they can come in either order) to win! Click here for more details on a Quinella bet
TRIFECTA BET
pick the first 3 finishers to claim your winnings! Click here for more details on a Trifecta bet
SUPERFECTA BET
pick the first 4 finishers to be a winner! Click here for more details on a Superfecta bet
SUPER HI-5 BET
pick the first 5 finishers and you're a winner! Click here for more details on a Super Hi-5 bet
Multi-Race Exotic Bets
DAILY DOUBLE BET
pick the winners of 2 consecutive races and you can collect your winnings! Click here for more details on a Daily Double bet
PICK 3 BET
pick the winners of 3 consecutive races and you win! Click here for more details on a Pick 3 bet
PICK 4 BET
pick the winners of 4 consecutive races and your winnings are waiting for you at the window! Click here for more details on a Pick 4 bet
PICK 5 BET
pick the winners of 5 consecutive races and claim your winnings! Click here for more details on a Pick 5 bet
PICK 6 BET
pick the winners of 6 consecutive races to be a winner! Click here for more details on a Pick 6 bet
Tips & Tricks
- Making a Win-Place-Show bet pays out if your horse runs first, second and/or third.
- Box exotic wagers so you increase your chances of winning.
- You can “use more horses” than the title of a wager suggests.
- You can also use multiple horses in each leg of a multi-race exotic.
- Save money putting a ticket together and Key a horse in a particular position.
Click the image below for a visual guide to the basic types of horse racing bets:
Betting 101 Articles for Horse Racing
Betting Distances
- Tips and Trends for Handicapping Marathons - Dec. 12, 2018
- When to Bet Sprinters Stretching Out in Distance - Jun. 25, 2018
Betting Pace
- What Happens When No One is Fast Enough to Win - Apr. 13, 2020
- How Pace Makes the Race, Part 2 - Dec. 26, 2017
- How Pace Makes the Race, Part 1 - Dec. 19, 2017
Betting Tracks
- Deciphering Track Biases, Part 2 - Aug. 14, 2018
- Deciphering Track Biases, Part 1 - Aug. 6, 2018
- How Horses For Courses Can Produce Big Payoffs - Dec. 12, 2017
Betting by Bet Types
- How To Bet The Quinella - Nov. 7, 2019
- How To Bet The Double - Jul. 20, 2018
- How To Bet The Trifecta - Jul. 12, 2018
- How to Bet the Exacta - Jul. 5, 2018
Advanced Betting Strategy
- Pros and Cons of Multi-Race Wagering Strategies - Mar. 24, 2020
- Handicapping 101: How Smart Ticket Building can Increase Profits - Nov. 15, 2019
- How Knowing a Horse's Family Can Lead To Winning Bets - Apr. 10, 2018
- How to Play the Trifecta Like an Exacta - Mar. 20, 2018
- Betting Longshots to Turn the Odds to Turn the Tables on Favorites - Jan. 9, 2018
- Betting Exactas with the "All" Button - Jan 2, 2018
Find the latest horse racing odds on TwinSpires.com