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If you ask people what sport comes to their mind at the mention of ‘sports betting,’ the majority of them would most likely answer horse racing, as it is one of the oldest sports that people can bet on. The Kentucky Derby, which is the most anticipated horse racing event in the United States, has been taking place continually since 1875. 

However, despite its popularity, many younger betters don’t really know how horse racing betting works, which is quite a surprise as they have no problems with operating casino websites like parhaatnettikasinotsuomi.com.

To clear up the confusion and help those who want to learn more about horse racing bets, we created a small guide. So without any further ado, let’s get to it.

Win, Place, Show 

These are probably the most popular types of bets when it comes to horse racing. In ‘win’ bet, you choose a horse that will arrive first – you only get paid if your prediction is correct. In ‘place’ bet, you win if the horse you chose will arrive as a first or second. Mind you that, it doesn’t matter what place between these two it is, as you will get the same amount of money for both of them. 

In the ‘show’ bet, you win as long as the horse that you chose arrives as first, second, or third. Last but not least, you can also bet ‘across the board’ – in this case, you choose a horse, and depending on the position it will arrive, you will be paid differently.

Trifecta

Trifecta is slightly more complicated than win, place, and show bets. However, the profit that you can make is also bigger. In this case, in order to win money, you need to correctly choose horses that will place first, second, and third. 

Many people do a little ‘trick’ by choosing three or more horses and betting on them in different combinations, which automatically increases their chances of winning.

Quinella and duet 

Quinella is similar to trifecta, however, instead of two horses, you choose two, which you think will arrive first, and second – the order doesn’t matter. You can box your bets by choosing three or more horses – if two of the ones you’ve chosen will arrive as first and second, you win the bet. 

Another option is the duet bet, in which you choose two horses, which you think will end up as the top 3 – again, the correct order is not required. 

Mar 18, 2020; Tampa Bay, Florida, USA; General view of the field passing for the first of two times to start the fourth race of the day as the Tampa Bay Downs is closed to the public at Tampa Bay Downs. Mandatory Credit: Douglas DeFelice-USA TODAY Sports

Pick 3, 4, 6

The ‘pick 3,4,6’ bets are pretty easy to understand, as you have to choose the winners of three, four, or six consecutive races. Keep in mind that you have to guess all of them correctly in order to take home the money. 

The pick 3 bet is the easiest one of the three, but it also gives you a lower profit. The pick six bet, on the other hand, offers you one of the highest payouts out there, but it’s also extremely difficult to win. 

Each Way 

Despite being placed together, the ‘each way’ bet is usually considered as two separate bets. How does it work? 

Well, you have to place two bets – one on the winning horse and other on the horse to place, which means that no matter if your chosen horse will be the first one or one of the top three – either way, you win. 

Daily Double 

Daily Double bet is almost identical to the ‘pick 3,4,6’ bets. The only difference is that here you choose the winners of two consecutive races. 

Final Thoughts 

When it comes to types of bets, horse racing is one of the easiest betting sports to understand. If you know what you’re doing, you can earn quite a lot of money, but remember that every decision you make has to be thought-through – don’t place bets impulsively, as, in the end, it might not be worth it. Good Luck!