Horse Betting Wagering Types
A "WIN" bet is just what it sounds like: The horse that you pick must win the race.
For a horse to "PLACE" it must finish the race second or better.
For a horse to "SHOW" it must finish the race third or better.
ACROSS THE BOARD
This is a quick and easy way to say that I want to play my horse in all three positions. ($2 Across The Board = $2 to win, $2 to place, and $2 to show). If the horse wins you collect all three bets. If the horse finishes 2nd then you collect the place and show bets. If the horse finishes 3rd then you will only collect the show bet.
With this bet you must pick the first two finishing horses in the exact order of their finish. In other words, you must pick the horse that wins and the horse that finishes second.
A "box" on two or more horses in a race means taking all the possible combinations of those horses in each place of finish. You can box more than two horses to create all possible combinations.
In the Quinella, you must pick the horses that finish first and second. Either one can be first and the other one second. This bet functions exactly the same as the "Exacta Box." Although the Quinella has a similar function as the "Exacta Box" the payoff can vary substantially .More than two horses can be selected to create all possible combinations.
With this bet you must pick the first three finishing horses in the order of their finish. In other words, you must pick the horse that wins, the horse that finishes second and the horse that finishes third. The simplest form of this wager is the Straight Trifecta, which is a single combination of the first three finishers." A Trifecta is not offered in all races at all tracks.
With the Trifecta Box, you can box three or more horses on a single ticket.
A Superfecta is very similar to a Trifecta. Instead of hitting the top 3 horses in a race in the correct order, you need to name the top 4 horses in correct order.
With the Superfecta Box, you can box four or more horses on a single ticket.
The Daily Double involves picking the winning horse in two consecutive races.
The Pick 3 requires you to select the winner of 3 consecutive races.
The Pick 4 requires you to select the winner of 4 consecutive races.
There are three types of Parlay wagers: Win Parlay, Place Parlay, and Show Parlay. When your wager is a Win Parlay, the bet is that your horse is going to come in 1st place and if that happens, then the risk + the winning money goes onto your next selection and so on. Remember, if you lose one of your races in the Parlay, your wager is complete and all monies are lost, which means it acts exactly like a parlay on sports games.
Coupled Pairs or Entries
Sometimes horses are coupled or entries (When two or more horses are from the same owner) If you place a wager on one coupled horse, you automatically get the other. So if you select a horse that is part of a coupled pair (horses 1 and 1A), both of the coupled horses are considered as one selection. As long as one of the coupled horses runs, all entries wagers have action.