There are plenty of horse racing betting types to choose from owing to the popularity of the sport amongst punters. Here are 10 terms you should know:
This is the most straight-forward horse racing betting type of all and the most popular by far. All you’ll need to do is correctly predict which selection will come in 1st place.
Another horse racing betting type perfect for beginners is the place bet. You will need to correctly predict which selection will come in 1st or 2nd place for a bet of this type to be successful.
A show bet is a variation of the Win and Place bet. In order for this horse racing betting type to be successful, you’ll need to correctly predict which selection will come in 1st, 2nd, or 3rd place.
4. Across the Board
This horse racing betting type is a combination of the Win, Place, and Show wagers. With an Across the Board wager, you’re essentially betting that your selection will Win, Place, and Show. If your selection comes in 1st place you’ll collect on all 3 wagers, if your selection comes in 2nd place you’ll collect on the Place and Show wagers, and if your selection comes in 3rd place you’ll collect on the Show wager.
This is one of the simplest single-race exotic horse racing betting types which is popular in Australian sports betting and you’ll need to correctly predict which selections will come in 1st and 2nd place in the exact order for this bet to be successful.
A Quinella is similar to an Exacta horse racing wager, however you won’t have to correct predict the exact order of 1st and 2nd place for this betting type to be successful. Simply select which 2 selections will come in 1st and 2nd place in any order.
While significantly harder to predict correctly, the Trifecta horse racing betting type can be highly rewarding. With this type of exotic wager, you’ll have to correctly predict which 3 selections will come in 1st, 2nd, and 3rd place in the exact order.
If you’re just getting started with horse racing betting, it’s a good idea to familiarise yourself with the most popular types so that you’ll be prepared.
The most challenging of all single-race exotic horse racing wagers, a Superfecta wagers requires you to correctly predict which 4 horses will come in the 1st, 2nd, 3rd, and 4th place in exact order. Owing to the difficulty of this type of wager, Superfecta wagers are highly rewarding if correctly predicted.
A Double is the simplest type of horse racing wager spanning multiple races. This type of wager requires that you correctly pick the winner in 2 consecutive races.
10. Pick 3 / Pick 4 / Pick 6
Pick 3, Pick 4, and Pick 6 are all variations of the Double horse racing betting type. These multi-race wagers only differ in the number of winners you’ll have to select across consecutive races, i.e. 3, 4, or 6 winners of 3, 4, or 6 consecutive races.