Horse betting types of bets

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PRO BOWL BETTING LINE

For Pick 3s and Pick 4s, if nobody has the required number of races correct, they will typically pay out for people who missed one less race. For example, if nobody predicted a Pick 4 correctly, people who had 3 of 4 correct will get paid. In addition, the payoff results would indicate a payoff for "Pick 4 3 of 4 correct ".

For a Pick 6, typically the track will also give a small payoff to bettors who had 5 of 6 correct. However, if nobody had all 6 correct, the majority of the Pick 6 pool will be carried over to the next racing day, making the subsequent Pick 6 pool even larger. Place Pick All: This bet is similar to a Pick-x bet, except that you need a horse to place come in 1st or 2nd in each race, instead of to win.

There are different terms used to refer to methods of combining horses, particularly for single race exotic wagers such as Exactas and Trifectas. We will define the most commonly used terms below. If you need assistance in calculating the cost of an exotic wager combination, use our Exotic Wager Cost Calculator. Straight: Refers to any wager placed where there is only 1 combination.

Since a straight bet is only 1 combination, the total cost of the bet will the amount of the bet. A multiple race exotic wager may be referred to as "Straight", if you take only 1 horse in each race. Box: A boxed wager is where you take every possible combination of a set of horses. For example, a Trifecta Box with horses 1,2,3 would cover every Trifecta possibility with those 3 horses.

In this example, it would come out to 6 combinations, or 6 bets. Key: If you a key a horse, it means you are taking the horse by itself on top and you will take several horses behind. However, your key MUST finish first for you to collect on this wager. Wheel: A wheel refers to taking the entire field for a leg of a wager. For example, you might bet an Exacta Wheel if you think you know the horse that will win but you don't know who will finish 2nd.

In this example, the number of combinations is the number of horses in the race besides the 1. Taking 'ALL' for a leg is very common in the last leg of a Trifecta or Superfecta since it is very difficult to predict who will run 3rd or 4th. A bettor may also take ALL in multiple race exotic wagers if a race is wide open and they have no idea who will win that race or leg of the wager.

Partial Wheel : A partial is any combination of horses that does not fit one of the special combinations listed above. This is a custom combination where you need the 1 or 2 to win, the 1,2, or 3 to run 2nd and the 1,2,3, or 4 to run 3rd.

This particular example is 8 combinations. Partials are very common but their cost can sometimes be difficult to calculate. You should use our Exotic Wager Cost Calculator if you are not sure what the cost of a partial will be. Reverse: Reverse is an informal term, typically referring to Exactas. Some bettors may "press" an Exacta one way if he thinks a horse has a better chance to win, but then "save" his bet in the Reverse.

In this case you are hoping that the 1 wins, but in the case where the 1 runs 2nd to your other 2 choices, you hope to at least cover the total cost of your wager. Forgot password? Join NOW! There are many different wager types offered by horse racing tracks.

Below we will define the most common wager types offered. Straight Bets Win: The simplest bet you can make on a horse race. Place only is a bet placed on a runner to run 1st, 2nd or 3rd subject to field size. If a field has less than eight runners then place bets will pay on 1st and 2nd. For a place bet to win, your horse must run a place. An each way bet is actually two bets: 1 a Win bet as above and 2 a Place bet as above.

Guarantees the better of the official Bookmakers' starting price SP and the official Win dividend declared by a TAB as nominated by the client. The Starting Price is an average of the on-course bookmaker's prices taken at the start of each race.

These prices are not known by punters at the time of betting. Best Fluctuation or Top Fluc, is available up to 30 minutes prior to jump. Bets placed prior are guaranteed to be paid at the top official on-course bookie fluctuation as determined by the Bookmakers Pricing Service BPS.

Fixed Odds is a set price at which the Win portion of a bet will be paid at the fixed price as determined by the bookmaker. Quinella dividends are calculated by the amount of total money in the pool at race end and a dividend is then declared after the race is run. A Box Quinella allows the ability to choose as many runners as you like from the same race, however two of the selections must place First or Second in any order.

It also costs you more for your initial outlay as there are more runners. The Standout Quinella is when you specify a group of runners that you think may come first, and a group that may come second, specifically in that order. Exactas traditionally pay more than Quinellas but they are also harder to win as they have to run 1st and 2nd in order. The formula for calculating the cost of an exacta box is horses in box x horses in box minus 1 x dollar amount of bet.

As you can see the cost of the exacta box increases greatly with each additional horse. To receive a winning pay out, the order of finish would need to be one of the following combinations. To calculate the cost of a trifecta box, simply multiply the number of horses you would like to box say 8 , by that number minus one 8x7 , and by that number minus two 8x7x6 , and then multiply it by your bet amount to find the number of combinations.

If any three of your selections fill the first 3 placings then you would win the bet. A runner selected to finish first a standout is combined with two or more other runners to finish second and third in any order. You can also standout a single runner to finish second or third if you wish. This bet allows you allows you to still specify the number of runners you wish to back, but you can also specify what amount you would like to invest based upon your budget.

You want to box 5 horses in a trifecta. Boxing four selections gives you 24 combinations with which you can win a First 4 bet type. Standout First 4 One runner is selected to finish 1st a standout , and is coupled with three or more runners to finish second, third and fourth. Multiple First 4 A multiple First 4 is where two or more runners are selected to finish 1st, with a number of other runners to finish 2nd, 3rd and 4th.

A Big 6 bet type involves selecting the winners of six nominated races nominated as legs of the Big 6 for a particular meeting. Pick all six winners across the six races and you win the Big 6 dividend. As with the First 4, flexi betting is available for the Big 6, allowing you to add as many runners as you like to suit your betting budget. Naturally, the possible combinations are much higher, and more expensive, than a First 4, especially with a Big 6 running across six races.

A Quadrella requires you to pick four winners from four races nominated by a TAB at a race meeting. A Quadrella differs from an All-Up in that the dividend is determined by dividing the amount of money in the dividend pool amongst successful investors, as opposed to an All Up that transfers your winnings from one race to the next.

Flexi and Mystery Quaddie betting options are also available. To calculate the amount you need to spend to couple more than one horse in each leg simply multiply the number of selections in each leg together. Some bookmakers provide their own exotic options, such as a Place Card. This is selecting four horses to finish in first, second or third place in four designated races, basically a quadrella for place getters.

Place odds are multiplied together to calculate a price. To win, all four selections must place in each race. We recommend Sportsbet for the best horse racing bet types. They both have to win their race for you to successfully win your bet. Double dividends are calculated by the amount of total money in the pool at race end.

A dividend is then declared after the race is run. The Running Double requires you to correctly select the winners of any two consecutive races at the one race meeting e. Race 2 winner and Race 3 winner. Running doubles are available across the board and can often through up a good dividend if you think outside the box. A Treble involves picking the winner of three separate races. The first bet returns are rolled over to the second bet, then the second bet returns are rolled over to the third bet.

Each of the three selections must win for your bet to be successful. Selecting three winners can accumulate into a large dividend if bet with value in mind.

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