How To Place A Bet On Horse Racing
- How To Bet On Horse Racing Online
- How To Place A Bet On Horse Racing
- How To Place A Bet On Horse Racing Kentucky Derby
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:
Betting horse races legally from the comfort of your home has never been easier! Bet horse racing on our premier desktop site or on the go with our fast mobile app. Never miss betting a race at the Kentucky Derby, Preakness, Breeders’ Cup, Gulfstream Park, Santa Anita, Churchill Downs, Saratoga, Belmont, Del Mar and more! State the wager type (Win, Place, Show or Across the Board) Pick the horse# (post position) or horses you want to bet on (make sure to give the teller the number of the horse, not the name of the horse) Check your ticket before leaving the window or machine (Best of Luck) Wait for the race to start and Cheer your horse on! A free, detailed guide on for US horse racing betting online for beginners or pros, including the use of breeding and race statistics. From America's #1 choice.
The Basics
Winbet – A bet on a horse to finish first.
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.
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.
Ready for the Next Step?
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.
How To Bet On Horse Racing Online
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.
Brush Up on Gambling Lingo
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.
How To Place A Bet On Horse Racing
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.
How To Place A Bet On Horse Racing Kentucky Derby
Wheel – Betting all possible combinations in an exotic wager using at least one horse as the key.