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 much more money once the horse wins. Racing can also provide a relatively gentle way of wagering–you don’t have to bet that the horse will arrive in first. Depending on the kind of bet you place, you can sometimes win money if it finishes second or perhaps third. But you need to comprehend the lingo and how to put the proper bet to pull off it.
Straight Bets
“Straight” stakes are the simplest form of thoroughbred wagering. Strictly speaking, placing a straight bet means that you are wagering on the horse to acquire –interval. If it finishes second by a nose, then you’ve lost. However, a looser definition states that a straight bet is if you bet a horse will finish first, second or 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 boardThis means placing three bets: one for the horse to win, one for your horse to come from second and one for the horse to come in third. If it wins, then you’ll be compensated on all three bets. If it ends second, you are paid on two bets–second and third. You can not gather on the first-place bet since he didn’t 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 efficiently collect three occasions, and if it comes in third, at least you have not lost all your money. You get a little something back to your investment.
In the cash: A horse finishes in the money if it comes from first, second or thirdparty. On the noseYou’re gambling the horse to win only.
Position: A horse is said to set when it finishes second. You can make a place bet it you think it probably won’t win but that it will not be too much behind the first-place horse. You will win if you are right. You will even collect the horse’s second-place winnings when it comes in first, but not if it ends third.
Prove: A horse that arrives in third is said to show. A series bet works much the same as a place bet–you’ll accumulate the horse’s third-place winnings when it comes in the first, second or third. A winning horse will pay the maximum on bets that it will end first. It will pay somewhat less for position bets and even less for show bets, but it could effectively cover out in 3 ways–thus the appeal of across-the-board stakes.
Exotic Wagers
As its name suggests,”exotic” wagers are fancier and more complex. They involve more than one horse. This means they’re more difficult to acquire, but they also cover more than direct bets. Here are a couple of examples of exotic bets.
Boxed wager: Boxing a bet method to cover all possible combinations of finish for numerous horses. If you want to box an exacta, you would wager that Horse A wins and Horse B places, and also that Horse B wins and Horse A places. In other words, you think those two horses will finish first and second, but you are not sure in what order. Each combination represents a separate wager, so boxing a $2 exacta would cost you $4.
Daily double: You’re gambling on two separate horses in consecutive races in a daily double, normally the first and second races of the day. Each of your horses must finish first.
Exacta: You must pick the first two finishers in a race in the specific sequence they finish–unless you box your wager. An exacta is called an”exactor” in Canada, short for”order.”
Pick 3: Think of this as an improved daily double. You’d bet on the first place finishers of three successive races rather than two. “Select” races can extend around six–you would have to select the winners of six consecutive races, which may be exceedingly hard. But Pick 6 deal important winnings and sometimes, at the discretion of the monitor, they might provide consolidation payouts. Extended periods of time can go by without anyone winning a Select 6, so a few racetracks will”carry over” the unclaimed winnings, moving the money forward to the next race or at times the following day so the bud grows and grows until someone strikes it big.
Quinella: A quinella is a variation of boxing your wager. The two horses that you pick must win and place, but the order in which they complete does not matter. This is a single wager, unlike a boxed exacta that’s technically two bets. It, therefore, pays if you win.
Superfecta: when it comes to difficulty, This can be up there with the 6. You must select the first four horses to finish in a race in the sequence they finish. Obviously, you can box a superfecta as you would an exacta, however you are speaking twice as many horses so this involves covering a lot of combinations. It can be quite expensive, so if you’re wrong–even one horse you didn’t anticipate sneaks into the top four–you can lose a reasonable bit of money.
Trifecta: Sometimes called a triple, this wager involves picking the first three finishers in a race. It’s kind of a middle floor in difficulty involving an exacta and a superfecta. Again, you must select the horses in the correct order unless you ship your wager.
Added Betting Terms
Bridge jumper: A bridge jumper is somebody who bets an unusually large sum of money on a single horse, for example $100,000 to triumph. That person might be leaping off the nearest bridge when the horse finishes second by a neck.
Dead heat: This term refers to an exact link between two or more horses in the conclusion of the race. Track personnel will attempt to set a winner by watching the photo finish film, but this is not always possible even with progress in picture finish technology. The winnings and purse for the place which tied–first, second or third–are divided up between the horses.
Inquiry: One thing has happened during the race which requires a review by track personnel, usually that one horse has unfairly impeded the progress of another.
Objection: A rider, coach, or track official could 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 describes a numerical summation of just how likely it is that a horse could win. Odds that are put in the daytime or the day before being known as a”morning line” and are based on the remarks of official handicappers. As race time draws closer and people begin betting on the horses, the odds start to reflect this cash. When a lot of money is bet on a horse, it drives down its odds. When little or no cash is bet on a horse since no one believes it will win, this drives its odds higher. The horse is a”long shot.” Long shots pay a great deal more than”odds-on” horses, those with short odds of less than even money.
Got all that? If this is the case, you’re all setoff to the track!

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