Betting on horse racing is one of the greatest past times of horse owners and enthusiast of all time. For someone that is not familiar with horse racing, some of the terms and betting strategies can be very confusing. Below is a list of some horse racing terms and strategies so that when you get to the Kentucky Derby you will be a pro.
Win: This strategy is when you bet on a specific horse. If that horse wins you get paid, if that horse does not win than you do not get paid anything.
Place: This strategy is when you bet on a specific horse to come in first or second place. If the horse gets in first or second place you get paid, if that horse does not come in first or second place you do not get paid anything. Place betting pays less than Win betting.
Show: This strategy is when you bet on a specific horse to come in first, second or third place. If the horse get in first, second or third place you get paid, if that horse does not come in first, second or third place you do not get paid anything.
Exacta: This strategy is when you bet on a horse to win and a horse to come in second. The fact that the horse bettor must correctly predict the order in which the horses finish yields a higher payout.
Trifecta: This strategy is when you bet on a horse to win, a horse to come in second and a horse to come in third. So you have to predict the first place horse, the second place horse and the third place horse.
Superfecta: This strategy is when you bet on a horse to win, a horse to come in second, a horse to come in third and a horse to come in fourth place. So you have to predict the first place horse, the second place horse, and the third place horse and the fourth place horse. This is a tough task to accomplish but the payout is a big one.
Pick Three: This strategy is when you bet on the winning horse of three different races in a row. So, if you predict the winning horse of race one, race two and race three you get paid on a Pick Three race.
Quinella: This strategy is similar to the “Exacta” strategy. The difference is that the order of the two horses does not matter as long as they place first and second. So you do not have to predict which will place exactly first and which will place exactly second, the main thing that matters is that they placed.
The strategies that are mentioned above are basic horse betting strategies. Now that you know the terms, grab some tickets and we will see you at the Kentucky Derby.
