There’s nothing more exciting, to many, that spending a day at the track. Even if you don’t have access to a racetrack or a way to watch horse racing on TV, horse wagering can yield some great profits. Many horse-wagering individuals have hit the big score with a bet of just $1. Before you can place your bets and start winning, you need to know how to bet. In this article, we will go over some common horse wagering options like the Trifecta, Quinella, Exacta and many more. In just a couple minutes from now, you will be ready to hit the track (even the virtual one) and stake your claim to the world of winning racetrack betting.

Horse Wagering

Win: This option is pretty self-evident. You are betting the horse to win the race. If you are correct, your ticket will be paid the “Win" rate for the horse. This wager is technically called a “Win Bet."

Place: Sometimes even the best horses finish second and that’s what it means to “place." If the horse you pick comes in first or second, you are paid the “Place" rate. This wager is technically called a “Place Bet."

Show: There’s nothing wrong with coming in third, unless it’s a three horse race. If your horse comes in first, second or third, you are paid the “Show" rate. This wager is technically called a “Show Bet."

Exacta (also called a Perfecta): Think you know what horses will finish first and second? If so, place an Exact. You must pick the exact order. If you pick a the number four horse to win and the number five horse to place and the race ends up being 5-4, you lose. To win, in this example, you need a 4-5 finish.

Quinella: This bet is like an Exacta in that you select the two horses you think will finish first and second. However, unlike the Exacta, the order does not matter. If you select the number 5 horse and the number 6 horse, you win if the order is 5-6 or 6-5.

Trifecta (also called a Triple): If you want to win a good deal of cash, potentially, for a small $1 or $2 wager, the Trifecta is for you. When you bet a Trifecta, you are betting on the exact horses that will finish first, second and third. The order matters with this bet. If you are unsure of the order, but just know the three horses that will Win, Place and Show, you can box the bet. When you box a bet, you are betting all possible combinations. There are six combinations to any three-horse Trifecta.

Daily Double: If you have a good eye for picking winners, give the daily double a spin. When you bet the daily double, you are betting on the winner of two consecutive horse races—usually the first and second race of the day.

Pick Six: This bet could be a pick 6,7,8 and so forth. When you place this bet, you pick the winners of all the races. As you can imagine, it has a very nice payoff when you win.

You are now up to speed with some common horse wagering options. The only thing left to do is to visit an online race book and make some winning bets. Horse wagering is a fun, and addictive, activity. The Internet is full of great horse wagering articles, tips and websites. Placing your horse wagers at an online race book is a great way to keep in the action and it’s extremely convenient too.