If you behs confident the horse will win types of horse racing bets race, soccer fixed matches x will types of horse racing bets a larger hors betting the horse raving Win. A multiple race rzcing wager may be referred to as "Straight", if you take only 1 horse in each race. Article Talk. Show: Another variety of a straight bet, the Show bet is used when you want to bet that a horse will finish in the top 3 positions in the race. Raceform Limited.

Types of horse racing bets -

Explore: All Up Bet Double Bet Duet Bet Each Way Bet Exacta Bet First Four Lay Bet Place Bet Quadrella Bet Quinella Bet Same Race Multi Bet Treble Bet Trifecta Bet Win Bet. These days, there are so many different betting types available to the average punter it can be difficult to understand what all of them mean.

With so much confusion around betting terminology, Racenet felt it had no choice but to comprise a list of online betting key terms and what they mean. By having a full understanding of all the different bet types, you can choose the one that is best for your situation and hopefully make some extra money!

Win — The easiest and certainly most popular bet type: back the horse who'll win the race! Place — Back the horse to finish in the top 3 in the race. But remember, place dividends are only paid for first and second place when there are less then eight runners.

Each-way — This is a handy combination of a win and a place bet. Bettors may use each-way bets if they aren't too sure how the horse will run — they collect more than a place bet if the horse wins, but also have some confidence in place if the horse finishes second or third.

Quinella — Selection of the first two placegetters in a race in either order. One thing to keep in mind with this bet is that it only wins if the keyed horse s finishes in first place. The bettor has reduced the number of winning combinations by keying the horse, but he has gained by saving money on the wager.

Bettors can key exactas, trifectas, Pick 3s, Pick 6s, and other exotic bets. Read more about keying horses, including how to calculate costs, here:. A full wheel involves selecting one or more key horses and the rest of the field to cover the remaining positions.

For example, an exacta full wheel on Horse 7 over the field in an 8-horse race would cover all of the following outcomes:. This bet would win in all outcomes, as long as 7 finishes in first place. Full wheel bets can get expensive depending on the type of exotic wager involved and the number of horses in the race.

A part-wheel simply describes keying one horse over several others but not covering the entire field. Continuing the above example, an exacta part-wheel might key Horse 7 over Horses 1, 2, 3, and 4, which would win in the following outcomes:. A straight bet is a win, place, or show wager — all of which involve selecting a single horse in one race.

Exotic bets involve multiple horses, either in a single race such as picking the first and second place runners or across multiple races such as picking the winners of three consecutive races.

The most well-known types of exotic horse racing bets include the exacta, quinella, trifecta, superfecta, daily double, pick 3, and pick 6. Any other variant that involves selecting more than one horse also qualifies as an exotic. The takeout rate on exotic bets is usually about five percent higher than for straight bets.

The actual amount varies depending on the state and venue. It is usually between 20 and 25 percent. The takeout rate for exotic horse racing bets is usually 20 to 25 percent, depending on the venue and local racing regulations.

An exacta bet is when the bettor chooses two horses to take first and second place. The two horses must place in the exact order picked or the exacta loses. As a former professional online poker player, Wes approaches his work from the viewpoint of players. Subscribe to our newsletter to stay up to date with the latest US betting news and gain access to exclusive bonuses, promotions, and offers.

Skip to content. Gambling Problem? Call GAMBLER Get Bonus. Table of Contents. What is the difference between straight and exotic bets in horse racing?

What are the types of exotic horse racing bets? Is the takeout rate higher on exotic bets than it is for straight bets in horse racing? What is the takeout rate for exotic horse racing bets? What is an exacta bet in horse racing? Join Our FREE Newsletter Subscribe to our newsletter to stay up to date with the latest US betting news and gain access to exclusive bonuses, promotions, and offers.

Please enable JavaScript in your browser to submit the form. States Toggle child menu Expand. Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia. Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland.

Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey. New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina. South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming.

Reviews Toggle child menu Expand. Sports Betting Toggle child menu Expand. How To Bet Toggle child menu Expand. Types Of Bets Toggle child menu Expand. Parlay Bets Toggle child menu Expand. NFL Toggle child menu Expand.

NCAA Toggle child menu Expand. MLB Toggle child menu Expand. Live Odds Toggle child menu Expand. Betting Exchanges Toggle child menu Expand. Daily Fantasy Toggle child menu Expand. Horse Racing Toggle child menu Expand. Horse Betting Sites Toggle child menu Expand. Horse Racing Odds Toggle child menu Expand.

Straight Bets Toggle child menu Expand. Exotic Bets Toggle child menu Expand. Exacta Bets Toggle child menu Expand. Quinella Bets Toggle child menu Expand. Trifecta Bets Toggle child menu Expand. Online Casinos Toggle child menu Expand. Online Casino Games Toggle child menu Expand.

Online Casino States Toggle child menu Expand.

There are off betting types to true fortune casino free spins from when placing a wager. From singles hypes types of horse racing bets, we have a list of some of the most popular types of bet. Arguably the most common betting type. A straight win bet, placed on a single event. A single bet on two outcomes in different events. Both selections must win to guarantee a return. Thanks to online bookmakers, it can be betx to place bwts on races from all around types of horse racing bets world, not just in the UK. What is types of horse racing bets intriguing, though, is that jackpot city $ deposit types arcing between jurisdictions. Online horse racing betting does not always conform to such boundaries, however, so the following is a list of bet types from not just the UK, but from all over the world. Find out the quickest ways to deposit and withdraw money at UK horse betting sites. Find out more about risk-free bets and the benefits of placing them on horse racing.