Horse racing entails a somewhat boggling collection of colorful phrases and terms for putting your money down on a horse and expecting to come away with a lot more cash when the horse wins. Racing can also supply a comparatively gentle means of wagering–you don’t need to bet the horse will come in first. Depending on the kind of wager you set, you can sometimes win cash if it finishes second or even third. However, you have to understand the lingo and how to put the proper bet to pull it off.
“Straight” bets are the easiest form of thoroughbred wagering. Strictly speaking, putting a straight bet means that you are wagering on the horse to win–period. If it finishes second by a nose, you have lost. But a looser definition says a straight bet is when you wager a horse will finish first, second or even third.
That said, many terms relate to various types of straight bets which could boost your probability of winning just a little money.
Across the board: This usually means placing three bets: one for your horse to win, one for your horse to come from second and one for your horse to come in third. If it wins, then you’ll be compensated on all three bets. If it finishes second, you are paid on two stakes –third and second. You can not gather on the first-place bet since he did not cross the wire first. If the horse finishes third, you’re paid once for that third place finish. So it is a great bet if the horse wins since you effectively collect three times, and whether or not it comes in third, at least you haven’t lost all your cash. You get a little something back on your investment.
In the money: A horse finishes in the money if it comes in first, second or even third party. On the noseYou’re betting the horse to win only.
Place: A horse is thought to set when it finishes second. You can make a place bet it you believe it likely will not win but that it won’t be too far behind the first-place horse. You will win if you’re right. You will even collect the horse’s second-place winnings when it comes in first, but not if it finishes third.
Show: A horse that comes in third is believed to show. A show bet works much the same as a place bet–you will collect the horse’s third-place winnings if it comes in the first, second or even third . A winning horse will cover the most on stakes it will finish . It will pay a little less for position bets and much less for display bets, but it can effectively cover out in three ways–hence the appeal of across-the-board stakes.
As its name implies,”exotic” wagers are fancier and more complex. They demand more than 1 horse. This implies they are more difficult to acquire, but they also cover more than straight bets. Here are a few examples of exotic bets.
Boxed bet: Boxing a bet method to cover all possible combinations of finish for multiple horses. If you would like to box an exacta, you’d bet that Horse A wins and Horse B areas, and that Horse B wins and Horse A places. To put it differently, you believe these two horses will finish first and second, but you’re not sure in what order. Each combination represents a separate wager, so boxing a $2 exacta would cost you $4.
Daily double: You’re betting on two distinct horses in consecutive races at a daily double, usually the first and second races of the day. Each of your horses must finish first.
Exacta: You must select the first two finishers in a race in the exact order they finish–unless you ship your wager. An exacta is called an”exactor” in Canada, short for”order.”
Select 3: Think of this as an improved daily double. You would bet on the first place finishers of three consecutive races rather than 2. “Pick” races can extend around six–you’d have to select the winners of six consecutive races, which may be extremely difficult. But Select 6 deal important winnings and sometimes, at the discretion of their track, they might offer consolidation payouts. Extended periods of time can go by without anybody winning a Pick 6, therefore some racetracks will”carry over” the unclaimed winnings, moving the money forward to another race or sometimes the next day so the pot grows and develops until someone strikes it big.
Quinella: A quinella is a version of boxing your bet. The two horses that you pick must win and place, but the sequence in which they complete does not matter. This is one bet, unlike a boxed exacta that’s technically two stakes. It, therefore, pays less if you win.
Superfecta: when it comes to difficulty, This is up there with all the Select 6. You must choose the first four horses to finish in a race in the sequence they finish. Obviously, it is possible to box a superfecta just as you would an exacta, however you’re speaking twice as many horses so this involves covering a lot of combinations. It can be pretty costly, so if you are wrong–even 1 horse you did not anticipate sneaks into the top four–you can eliminate a fair bit of money.
Trifecta: Sometimes called a triple, this wager involves picking the first three finishers in a hurry. It is sort of a middle ground in difficulty involving an exacta and a superfecta. Again, you must choose the horses in the appropriate sequence unless you ship your bet.
Added Betting Terms
Bridge jumper: A bridge jumper is someone who bets an unusually large amount of money on a single horse, such as $100,000 to win. This person might be leaping off the nearest bridge when the horse finishes second by a neck.
Dead heat: This expression refers to an specific tie between two or more horses at the conclusion of the race. Track employees will attempt to establish a winner by watching the photo end movie, but this is not always possible even with progress in photo finish technology. The winnings and purse for the place that tied–first, second or third–are divided up between the horses.
Inquiry: One thing has occurred throughout the race that requires a review by monitor employees, usually that one horse has impeded the advancement of another one.
Objection: A rider, trainer, or track official can cry foul if a horse or jockey has done something which may have cost another the race. An objection results in a question.
Odds: This expression refers to a numerical summation of how probable it is that a horse could win. Odds that are set in the morning or even the day prior to being known as a”morning line” and are based on the remarks of official handicappers. As race time draws closer and people start betting on the horses, the chances begin to reflect this cash. When a lot of money is bet on a horse, it drives its odds down. When no or little money is bet on a horse since nobody thinks it will win, this drives its chances higher. The horse is a”long shot.” Long shots pay a fantastic deal more than”odds-on” horses, people who have short odds of less than even money.
Got all that? If so, you’re all set–now off to this monitor!
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