![]() Select the winner of five races in a row. You guessed it, pick the winner of four straight races before the first of the sequence begins. One step greater than the double, the Pick 3 is selecting the winner of three consecutive races. In order to hit the daily double, you must pick the winner of two straight races in order to cash your ticket. The original exotic bet is essentially a two-race parlay. Of course, the payouts associated with verticals are often extremely high, given that the likelihood of getting them right is quite low. Verticals challenge bettors to pick the exact order of either the winner and second place finisher the winner, second, and third place finishers or the first four horses in a given race. Horizontals require you to pick the winner of two, three, four, five, or six straight races. There are two types of exotic bets: horizontals and verticals. ![]() Sometimes a correct $2 show bet will pay back $3 or less, making for a very small profit. Similar to place betting, if you bet your horse to show you will make a profit if he or she finishes first, second, or third. Show BetsĪ horse that shows is the third place finisher. Since it is easier to guess a horse that might finish first or second instead of just first, the payouts for betting place are usually half or less than what they would be on a win bet. However, if the horse wins, you also get paid. You are betting on a horse to finish second. Regardless of what type of bet you make, picking the winner is paramount to having success betting on horses. You guessed it, betting to win means choosing the horse that crosses the finish line first. They are pretty simple and a great way to begin betting on ponies. There are three types of straight, or straightforward horse racing bets. Straight bets are basic and easy to understand, while exotic bets are more involved and can produce massive payouts. In horse racing, there are two main types of bets: straight bets and exotic bets. If you are new to horse racing, create an account at a racebook so you can bet online. As with all sports betting, the type of bets that are easier to win carry lower odds, while more difficult wagers can be pretty lucrative. In the same way that some sports bettors prefer sides or totals, and others gravitate towards parlays, teasers, and futures, horse racing offers a variety of ways for you to bet. The Types of Horse Racing Wagers Available to Bettors
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