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Poker:
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Straight Horse Racing Bets:
When placing a straight bet the amount to be wagered on a horse is the amount to be risked in the play. There is no way one can lose more than the amount wagered.
WIN
- A bet on the horse that you pick will win the race. This is one of the most basic horse wagers. If your horse finishes the race in first place, you win the bet. You win if the horse wins.
PLACE
– A bet on a horse to finish the race either first or second. Obviously, this bet is less risky so the return will not be as great as a win bet. However, the amount you win varies depending on whether the horse finishes first or second.
SHOW
– A bet on a horse to finish the race either first, second or third. This is a conservative bet but still can be profitable if you pick your spots. In addition, the amount you win varies depending on whether the horse finishes first, second or third. The better the horse finishes in the race, the greater your winnings will be.
Exotic Horse Racing Bets
Exotic Bets are all more difficult than the straight bets - WIN, PLACE or SHOW, because they require multiple selections to finish in the proper order.
QUINELLA
– With this bet, you must pick the first two finishing horses in any order of finish. In other words, you must pick the horse that wins and the horse that finishes second. For example: you bet $5 that horses number 2 and number 7 will come in first and second place in any order. The only way you win this bet is if number 2 and number 7 win and place in either order.
EXACTA
- 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. For example: you bet $5 that horses number 2 and number 7 will come in first and second place in that exact order. The only way you win this bet is if number 2 wins the race and number 7 follows in second place.
TRIFECTA
- With a Trifecta bet, you must pick the first three finishing horses in the exact 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. For example: you bet $5 that horses number 2, number 4 and number 6 will come in first, second and third place respectively. The only way you win this bet is if number 2 wins the race, number 4 finishes second and number 6 finishes third.
DAILY DOUBLE
- The daily double involves picking the winning horse in two consecutive races. To win a daily double you must pick the winning horse in each of the two races.
Box A Bet | Racebook:
To "box" a bet, you use multiple horses taking all likely combinations in that particular bet. If you have decided that two, three, or four horses are the best picks in the race but you are not sure which one will win, run second, third, or fourth the "box" may be your best bet.
EXACTA BOX
- This bet is the same as an Exacta bet in the fact that you select two horses to come in first and second place. However, an exacta box bet means that there is no specific order to the placement of the horses. For example: you place a $5 exacta box bet on horses number 5 and number 6. This is a total bet of $10 because there are two possible outcomes. You win your bet if number 5 wins first and number 6 wins second or vice versa.
TRIFECTA BOX
- This bet is the same as a Trifecta bet in that you are betting on three horses coming in first, second and third place. However, a Trifecta Box bet means that the three horses you picked can finish the race in any order. They only need to place in the top three positions for you to win. This bet is basically 6 bets in one. For example: you place a $3 trifecta box bet on horses number 4, number 6 and number 7. There are six possible outcomes for these three horses to finish in first to third place; therefore, the total amount of the bet is $18. You win your bet if horse number 4, number 4 and number 7 finish in first, second and third place of any order.
