A place bet refers to a horse finishing in first or second place, and the show bet is when you choose a horse and they finish in any of the top three positions. Exotic bets One of the exciting. Betting online is a convenient way to bet on horse racing. It can be done anywhere, and at any time. If you schedule doesn't allow you to make a trip to the track, online is perfect. Betting online can earn you bonuses and rewards not offered at the race track.
Betting on a horse race for the first time — even the first few times — can be an intimidating endeavor. What are all of these options? Here’s all the lingo you need to know before you place your first bet:
The Basics
Winbet – A bet on a horse to finish first.
Win, Place & Show Betting The most common types of bets you will encounter at the racetrack or at an online horse betting site are win, place, and show bets. These are the foundation of betting on horses. To bet successfully, you need to understand what each of these bets represents and the best way to make them. Wagerpad Pro: Created with the everyday horseplayer in mind, Wagerpad Pro makes it easier than ever to place your exotic or multi-race bets. With Wagerpad Pro, players can build their tickets with a single view without having to toggle between finish positions or race legs, with the ability to mix and match until the ideal ticket and ticket. BetAmerica is a sportsbook, casino, and horse racing platform offering a world-class, full-spectrum betting experience available at retail locations, online, and from our mobile app. BetAmerica offers more than 5,000 races per week, classic casino table games and slots, and around-the-clock pre-game and live sports betting on every major sport.
Place bet – A bet on a horse to finish first or second.
Show bet – A bet on a horse to finish in the money; third or better.
In the money – A horse that finishes first, second, or third.
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Across the board – A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways (place, show); and if third, one way, losing the win and place bets. It’s actually three bets.
Morning line – The odds that the track handicapper predicts a horse will go off at.
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Exotic (bet) – Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4.
Daily Double (or Double) – Type of bet calling for the selection of winners of two consecutive races.
Exacta – A wager in which the first two finishers in a race, in exact order of finish, must be picked.
Box – A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses.
Exacta box – A wager in which all possible combinations using a given number of horses are selected. For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order (2-6, 4-2, 6-4, etc.).
Trifecta – A bet in which the first three finishers must be selected in exact order.
Trifecta box – A trifecta wager in which all possible combinations using a given number of horses are bet upon.
Pick (6 or other number) – A type of multi-race bet in which the winners of all the included races must be selected. Pick 3, Pick 4, Pick 5, Pick 6 are commonly used by tracks in the United States.
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Bounce – A racehorse’s especially poor performance on the heels of an especially good one.
Chalk – Betting favorite in a race.
Chalk player – Gambler who wagers on favorites.
Key horse – A single horse used in multiple combinations in an exotic bet.
On the board – Finishing among the first three.
On the nose – Betting a horse to win only.
Overlay – A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds.
Underlay – A horse whose odds are less than than his potential to win. Betting horses whose odds are worse than fair value is a poor strategy.
Parlay – A multi-race bet in which all winnings are subsequently wagered on a succeeding race.
Speed Figure – A metric that rates a horse’s performance in a race, which is determined by a combination of the horse’s performance and the level of competition he/she competed against.
Wheel – Betting all possible combinations in an exotic wager using at least one horse as the key.