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She can then bet the opposite team at 3. She would then win both sides of the bet. Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds. Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.

Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets. Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog.

The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded.

For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager. Steam : When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.

Straight up : The expected outright winner of the money line in an event or game, not contingent on the point spread. Teaser : Betting multiple teams and adjusting the point spread in all the games in the bettor's favor. All games have to be picked correctly to win the wager. Total : The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet "over" or "under" on that perceived total.

Tout service : a person or group of people who either sells or gives away picks on games or events. Underdog : The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount ATS , or get better than even-money odds that it will win the game outright.

Skip to navigation. Betting: Glossary of common terms. Kansas City Chiefs. Bucs equal bucks as U. Tampa Bay Buccaneers. Sportsbook offers refunds after Reed controversy. LeBron now MVP favorite at some sportsbooks. Los Angeles Lakers. It's flipping madness: 'Startling' amount bet on Super Bowl coin toss. A gamble on Brady's move to Tampa Bay leads to profits. Notable Super Bowl betting trends. Notable Bets: Mahomes' injury throws oddsmakers for a loop. Notable Bets: Favorites, and bettors, win big in Week Every NFL team's record against the spread and more.

Notable Bets: Receiverless Browns let down betting public. Notable Bets: A Jets bet you won't believe. Notable Bets: NFL underdogs taking toll on betting public. Notable Bets: Jets spoil biggest win of season for bookmakers. Notable Bets: The remaking of the Saints-Broncos point spread. Notable Bets: Survivor contest disaster, plus another bad Sunday for betting public.

Midseason NFL betting report: Prime time 'dogs and overs shining. Judge The official who determines the finishing order of a race. Juvenile Two-year-old horse. Key Horse The main expected winning horse used in multiple combinations in an exotic wager. Late Double A second daily double offered during the latter part of the program. See 'Daily Double' above. Lay Off, Layoff Bets made by one bookmaker with another bookmaker, in an effort to reduce his liability in respect of bets already laid by him with investors.

Leg In To nominate one runner to win with a selection of other runners. Quinella bet with selection 4 to win, from runners 5, 7, 8 and 9 to come second, in any order. Length A measurement approximating the length of a horse from nose to tail, about 8 feet, used to denote distance between horses in a race.

For example, "Secretariat won the Belmont by 31 lengths". Lengthen The opposite of 'Shorten'. Referred to odds getting longer, that is, more attractive to the bettor. Listed Race A stakes race just below a group race or graded race in quality. Lock As in 'Banker' US term for an almost certain winner. Easy winner. Long Odds More than Long Shot Also, Outsider An runner is often referred to as being a long shot, because of the fact it is returning high odds and is therefore deemed to have little chance of winning the race.

Lug In Out Action of a tiring horse, bearing in or out, failing to keep a straight course. Maiden 1 A horse or rider that has not won a race. Maiden Race A race for non-winners. Mare Female horse five-years-old or older. Market The list of all horses engaged in a race and their respective odds.

Meeting A collection of races conducted by a club on the same day or night forms a race meeting. Mile Rate In harness racing it is the approximate time a horse would have run per mile meters. Minus Pool A mutuel pool caused when a horse is so heavily played that, after deductions of state tax and commission, there is not enough money left to pay the legally prescribed minimum on each winning bet. The racing association usually makes up the difference.

Money Rider A rider who excels in rich races. Morning Glory Horse who performs well in morning workouts but fails to fire in actual races. Morning Line Approximate odds quoted before wagering begins. Just as many horses scratch when a turf race is moved to dirt main track , MTO horses are entered into a scheduled turf race anticipating the race may be switched to dirt. Turf races occasionally include MTO entrants.

They will be added into the field if the race is taken off the turf and scratches can accommodate them. Mudder A horse that races well on muddy tracks. Also known as a 'Mudlark'. Muddy track A condition of a racetrack which is wet but has no standing water. Mutuel Pool Short for 'Parimutuel Pool'. Sum of the wagers on a race or event, such as the win pool, daily double pool, exacta pool, etc.

Nap The selection that racing correspondents and tipsters nominate as their strongest selection of the day or meeting. Reputed to stand for 'Napoleon'. National Thoroughbred Racing Association NTRA A non-profit, membership organization created in to improve economic conditions and public interest in Thoroughbred racing.

Neck Unit of measurement about the length of a horse's neck. Nod Lowering of head. To win by a nod, a horse extends its head with its nose touching the finish line ahead of a close competitor. Nominations The complete list of runners entered by owners and trainers for a race.

Nose Smallest advantage a horse can win by. Called a short head in Britain. Nursery A handicap for two-year-old horses. Oaks A stakes event for three-year-old fillies females. Objection Claim of foul lodged by rider, patrol judge or other official after the running of a race.

If lodged by official, it is called an inquiry. Odds The sportsbook's or bookmaker's view of the chance of a competitor winning adjusted to include a profit. The figure or fraction by which a bookmaker or totalisator offers to multiply a bettor's stake, which the bettor is entitled to receive plus his or her own stake if their selection wins.

Odds-against Where the odds are greater than evens e. When the bookmaker's or totalisator's stake is greater than the bettor's stake. Odds Compiler Same as 'Oddsmaker' below. Oddsmaker A person who sets the betting odds. Sportsbooks or Bookies don't set the odds. Most major sportsbooks use odds set by Las Vegas oddsmakers. Odds Man US At tracks where computers are not in use, an employee who calculates changing odds as betting progresses.

Odds-On Odds of less than even money. This a bet where you have to outlay more than you win. For example if a horse is two to one Odds-On, you have to outlay two dollars to win one dollar and your total collect if the horse wins is three dollars. That is made up of your two dollars and the one dollar you win. Official Sign displayed when result is confirmed. Also racing official. Off the Board US A horse so lightly bet that its pari-mutuel odds exceed 99 to 1.

Also, a game or event on which the bookie will not accept action. On The Board Finishing among the first three. On The Nose Betting a horse to win only. Open Ditch Steeplechase jump with a ditch on the side facing the jockey. Outlay The money a bettor wagers is called his or her outlay.

Out Of The Money A horse that finishes worse than third. Outsider A horse that is not expected to win. An outsider is usually quoted at the highest odds. Overbroke Where the book results in a loss for the bookmaker. Overlay A horse going off at higher odds than it appears to warrant based on its past performances.

Overnight Race A race in which entries close a specific number of hours before running such as 48 hours , as opposed to a stakes race for which nominations close weeks and sometimes months in advance. Over The Top When a horse is considered to have reached its peak for that season. Overweight Surplus weight carried by a horse when the rider cannot make the assigned weight. Pacesetter The horse that is running in front on the lead. Paddock Area where horses are saddled and kept before post time.

Panel A slang term for a furlong. Parimutuel s A form of wagering originated in by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made. Oller called his system 'Parier Mutuel' meaning 'Mutual Stake' or 'betting among ourselves'.

As this wagering method was adopted in England it became known as 'Paris Mutuals', and soon after 'Parimutuels'. Parlay Also, Accumulator A multiple bet. All the selections made must win for you to win the parlay. Part Wheel Using a key horse or horses in different, but not all possible, exotic wagering combinations.

Pasteboard Track A lightning fast racing surface. Patent A multiple bet consisting of 7 bets involving 3 selections in different events. A single on each selection, plus 3 doubles and 1 treble. Penalty A weight added to the handicap weight of a horse.

Permutations It is possible to Perm bets or selections e. Phone Betting A service enabling punters to bet on horses with bookmakers by using telephones. Phone TAB Another phone betting service, provided by a totalisator which allows people with special betting accounts to place bets via the telephone. Much the same as a bank account, you must have a credit balance to be able to place a bet.

The cost of the investment is debited to your account, and winning dividends and refunds are automatically credited to your account. Photo Finish A photo is automatically taken as the horses pass the winning line and when the race is too close to be judged the photo is used to determine the order of finish. Picks Betting selections, usually by an expert. Pick Six or more A type of wager in which the winners of all the included races must be selected. Pitch The position where a bookmaker conducts his business on a racecourse.

Place Finish in the top two, top three, top four and sometimes also top five in a competition or event. A Place bet will win if the selection you bet on is among those placed. Usually, a horse runs a place if it finishes in the first three in fields of eight or more horses.

If there are only six or seven runners the horse must finish first or second to place. Different sportsbooks have different Place terms and you should check their rules before placing a bet. In US, 2nd place finish. Pole s Markers at measured distances around the track designating the distance from the finish. The quarter pole, for instance, is a quarter of a mile from the finish, not from the start.

Pool Mutuel pool, the total sum bet on a race or a particular bet. Post 1 Starting point for a race. For example, "He drew post four". For example, "He's posted 10 wins in 14 starts". Post Position Position of stall in starting gate from which a horse starts. Post Time Designated time for a race to start. Price The odds. Protest When a jockey, owner, trainer or steward alleges interference by one party against another during a race that may have affected the outcome of a race.

If a protest is upheld by officials, the runner that caused the interference is placed directly after the horse interfered with. If a protest is dismissed by officials, the original result of the race stands. Punt Another term for bet or wager. Punter Bettor or investor. Pull Up To stop or slow a horse during or after a race or workout. Quadrella Selecting the winner of four specifically nominated races.

Quiniela Quinella Wager in which the first two finishers must be picked in either order. Payoff is made no matter which of the two wins and which runs second. See Wagers for Quiniela variants. Race Caller The person who describes the race at a racecourse. Racecard A programme for the day's racing. Rail Runner Horse that prefers to run next to the inside rail. Ratings Tipsters may determine a set of ratings which reflect, in their opinion, each runner's chance of winning a particular race taking a number of factors into account when preparing them.

Restricted Races Races which only certain horses are eligible. Return The dividend you receive on a particular bet. Ringer A horse or greyhound entered in a race under another's name - usually a good runner replacing a poorer one. Roughie A horse which is considered to have a 'rough' chance of winning a race.

Roundabout A bet consisting of 3 bets involving three selections in different events i. Rounder A bet consisting of 3 bets involving three selections in different events i. Round Robin A bet consisting of 10 bets 3 pairs of 'Single Stakes About' bets plus 3 doubles and 1 treble involving three selections in different events.

US, A series of three or more teams into two-team wagers. Router Horse that performs well at longer distances. Run Free A horse going too fast. Runner A participant in a race. In US, a sportsbook's employee who gathers information on the progress of betting elsewhere on the course. Also, a messenger 'running' to and from pari-mutuel windows for occupants of clubhouse boxes.

Scale Of Weights Fixed weights to be carried by horses in a race according to age, distance, sex, and time of year. Scalper One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.

Schooled A horse trained for jumping. Scope The potential in a horse. In US, to win a race or a bet. Also, a victory. Scratch To be taken out of a race before it starts. Trainers usually scratch horses due to adverse track conditions or a horse's adverse health. A veterinarian can scratch a horse at any time. Scratch Sheet Daily publication that includes graded handicaps, tips and scratches.

Second Call A secondary mount of a jockey in a race in the event his primary mount is scratched. Selections The horses selected by a knowledgeable person Tipster to have the most likely chance of finishing in first, second and third place.

This may also refer to a person's own selections - the horses they have chosen to back. Selling Race A race where the winner is sold by auction immediately afterwards. Settler A bookmaker's expert who calculates payouts. Shadow Roll Usually a lamb's wool roll half way up the horse's face to keep him from seeing his own shadow. Shorten, Shortening the Odds When the odds of a horse decrease, usually because a lot of money has been wagered on that horse. Short Runner A horse who barely stays, or doesn't stay, the full distance of a race.

Short Price Low odds, meaning a punter will get little return for their initial outlay. Show Third position at the finish. Show Bet Wager on a horse to finish in the money; third or better. Shut Out US What happens to a bettor who gets on the betting line to late and is still waiting in line when the window closes.

Also, in sports betting, when the losing team do not score. Silks See 'Colors'. Simulcast A simultaneous live television transmission of a race to other tracks, off-track betting offices or other outlets for the purpose of wagering. Single A Straight bet on one selection to win one race or event, also known as a straight-up bet. Single Stakes About or SSA A bet consisting of 2 bets on two selections 1 single on each selection any to come 1 single on the other selection reversed.

Sire Father of a horse. Sloppy track A track that is wet on surface, with standing water visible, with firm bottom. Slow track A racing strip that is wet on both the surface and base. Between good and heavy. Smart Money Insiders' bets or the insiders themselves. Soft track Condition of a turf course with a large amount of moisture. Horses sink very deeply into it. Spell The resting period between preparations or racing. Sportsbook The person, shop or website who accepts bets.

Spot Play US Type of play in which bettor risks money only on types of races and horses which seem relatively worthwhile risks. Sprint Short race, less than one mile. Stake The prize money for the winning horses paid to the owner eg. Stakes The sums of money deposited or guaranteed by the parties to a bet. Stakes-Placed Finished second or third in a stakes race. Stakes Horse A horse whose level of competition includes mostly stakes races.

Stallion A male horse used for breeding. Standing Start In harness racing, starters start from a standing position, once the barrier across the track is released. Starter The person responsible for starting a race. Starting Gate Partitioned mechanical device having stalls in which the horses are confined until the starter releases the doors in front to begin the race. Starting Price or SP An estimation of odds available when the race starts.

Starting Stalls Mechanical gates that ensure all horses start in unison. Stayer Also, Slayer A horse that can race long distances. Steam When a betting selection starts to move quite rapidly, usually caused by many bettors betting on it. Steeplechase A race in which horses are required to jump over a series of obstacles on the course. Also known as a 'Chase'. Stewards The group of people who control the day's racing by ensuring that every runner competes on its merits and imposing penalties for any breach of the rules of racing.

Stewards Enquiry An enquiry by the stewards into a race. Stick Also, Bat A jockey's whip. Stickers Calks on shoes which give a horse better traction in mud or on soft tracks. Stipes Another term for the Stewards. Or Stipendiary Stewards Stooper US Those who make a living picking up discarded mutuel tickets at racetracks and cashing those that have been thrown away by mistake.

Store US A sportsbook or a bookie. Straight Betting to win only. Straight Forecast UK A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first and second to finish in the correct order. See 'Exacta'.

Straight Six A wager to correctly select the winner of each of six consecutive nominated races. Strapper Also known as an attendant. A person who assists the trainer, cares for the horse or helps to put on its equipment. Stretch home-Stretch Final straight portion of the racetrack to the finish. Stretch Runner Horse that runs its fastest nearing the finish of a race.

Stretch Turn Bend of track into homestretch. Stud 1 Male horse used for breeding. Superfecta A bet placed on four horses to cross the finish line in exact chosen order. Super Yankee Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four.

Sure Thing A horse which a punter or tipster believes is unbeatable in a race. Sweepstakes Type of betting whereby each horse in a race is drawn out of a hat by a particular person who pays a set amount of money for the privilege of buying a horse. The people which chose the winner and placegetters will receive a percentage of the total money pool. System A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage.

The body appointed to regulate off-course betting bets made by people who are not present at the race track. Take Takeout Commission deducted from mutuel pools which is shared by the track, horsemen in the form of purses and local and state governing bodies in the form of tax. Taken Up A horse pulled up sharply by his rider because of being in close quarters. The Jockey Club An organization dedicated to the improvement of Thoroughbred breeding and racing.

Incorporated Feb. Thick'un A big bet. Ticket The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager. The ticket is necessary to collect the dividends. Ticketer US A forger of bookmakers' tickets. Tic-Tac The secret and complex sign language used by bookmakers at racecourses to indicate movements in the price of a horse.

Tierce A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd. Tips The selections chosen by an expert to bet on also known as Picks. See 'Selections'. Tipster A person who makes selections for a race, providing tips on which horses they believe will win the first three places.

Top Weight See 'High Weight'. Totalizator Totalisator The system of betting on races an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc. Synonyms: Tote, Parimutuel.

Tote Totalizator. The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses. Tote Board The usually electronic totalizator display in the infield which reflects up-to-the-minute odds. It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc.

Also known as the 'Board'. Tote Returns Returns from a tote pool also known as a Dividend , calculated by taking the total stake in each pool after the take out and dividing it by the number of winning tickets. A dividend is declared to a fixed stake, for various win, place and forecast pools.

Tout Person who professes to have, and sells, advance information on a race. Also used as a verb meaning to sell or advertise. Track Condition Condition of the racetrack surface. Slow; Fast; good; muddy; sloppy; frozen; hard; firm; soft; yielding; heavy. Track Record Fastest time for a distance at a particular track.

Trail Racing immediately behind another horse. A trail is also known as a sit. Trainer The person responsible for looking after a horse and preparing it to race. A trainer must hold a license or permit to be entitled to train. Treble A bet consisting of 3 selections, all of which must win for the wager to be successful. Tricast UK See 'Trifecta' below. Trifecta A wager picking the first three finishers in exact order.

Called a 'Triactor' in Canada and a 'Triple' in some parts of the U. Trifecta Box - A trifecta wager in which all possible combinations using a given number of horses are bet upon. The sum of the formula is then multiplied by the amount wagered on each combination.

Triple Also 'Treble' See 'Trifecta' above. Triple Crown Used generically to denote a series of three important races, but is always capitalized when referring to historical races for three-year-olds. Leger Stakes. Trixie A Trixie consists of 4 bets involving 3 selections in different events, i. Trotting A term for harness racing in general.

It also describes the specific gait of a trotter. Turf Accountant The UK euphemism for a bookmaker. Turf Course Grass course. Unbackable A horse which is quoted at short odds that punters decide is too short to return any reasonable amount for the money they outlay. Underlay A horse racing at shorter odds than seems warranted by its past performances.

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List of all betting locations. Once both parties accept a wager, it will not be altered or voided prior to the start of the event or championship. California is one of the few states where exchange wagering is statutorily permitted. Pari-mutuel betting is also legal in the Golden State, albeit within the context of horse racing. These options have been available in various land-based casinos, so interested punters must visit a racetrack to find odds and betting lines on pari-mutuel.

All gambling winnings in California are subject to taxation according to the federal and statutory regulations, whether you are a resident or nonresident. Here is an overview of all gambling winning laws in the state of California.

Sports wagering is restricted to adults over 21 at highly regulated and experienced locations. California is the most popular state in the USA, located western of the nation and stretching from miles from the Mexican border through cliff beaches, forests, mountains, farmlands and a dessert. Problem gambling is a crucial concern recognized by the state of California.

If you suffer impulsive gambling, or know someone that demonstrates related behavioral symptoms, it is advisable to get help sooner rather than later. Below is a look at all the hotlines and help centers available for anyone seeking a helping a hand.

Sports Betting in California The California sports betting scene is one that was expected to delay a couple more years. The Best California Sportsbook. Betting Locations by Type Although the state of California does not have legal sports betting, implying no authorized sports betting operators, there are various offers in the market. Racetracks Racetracks and horseracing events have existed in California for several decades and there are several events hosted each year.

Thoroughbred , Standardbred. Off-Track Betting California is home to several racetracks, which are linked to different off-track betting locations. List of Legal Offline Sportsbooks in California California is home to many land-based casinos and sportsbooks that offer odds and sports bet lines.

Search for Sportsbooks in California. Ventura, CA Our review will be available soon! Avenue, Turlock, CA Our review will be available soon! San Francisco. California Sports Gambling - All Leagues and Bet Types The state of California has several professional and amateur sports events taking place in the yearly calendar. Thoroughbred racing Standardbred racing. Bet Types:. Is sports betting legal in California?

Legal age for sports betting? Can you bet online in California? Yes, State-regulated sports betting laws doesn't mean gamblers in California have no other means of placing wagers on professional or college sporting events. Is fantasy sports betting allowed? Is off-track betting allowed? Are there any restrictions? Who regulates CA sports betting? History of Sports Betting in California Gambling has been part of the California culture, considering it is a world-famous state, hosting numerous gambling tourists each year.

Year Title Description Legal Pari-Mutuel Betting Pari mutuel was established back in when voters approved the proposition legalizing wagering on horse racing. Fairplex Park became the first racetrack to offer pari-mutuel wagering after the law was passed. It was also the year that horse racing became a scene in the golden state. In the same year, the state-licensed their first legal card room, although California already had a pre existing card room scene.

However, it remained unregulated until with the introduction of the Gambling Control Act. Significant processes were in when the state legislatures sought to legalize Fantasy Sports. The state also had a hearing pondering the legality of sports betting in , although major stakeholders, including representatives from tribal casinos, did not attend the meeting.

It is expected that sports gambling legislature will be revisited more in the future and the golden state may soon join other regions that have legal sports betting. General Rules. Taxation of Winnings All gambling winnings in California are subject to taxation according to the federal and statutory regulations, whether you are a resident or nonresident. Federal Law:. Additional State Rules:.

About California California is the most popular state in the USA, located western of the nation and stretching from miles from the Mexican border through cliff beaches, forests, mountains, farmlands and a dessert. Helping Hand for Players in California Problem gambling is a crucial concern recognized by the state of California. Help for Problem Gambling in California.

Lawyers for Betting Cases. FAQ What sports can't you bet on in California? Who is ineligible to place sports bets in California? What other options for gambling are available in California? Who can apply for a California sports betting license?

How much do sports betting operators have to pay in taxes? How much revenue does California sports betting generate? All rights reserved. Santa Anita Park. Coming Soon. Del Mar Racing. Los Alamitos Race Course. Golden Gate Fields. Los Angeles. Commerce Casino. Our review will be available soon! Fairplex Park. Alameda County Fair. Antelope Valley Fair Turf Room. Black Oak Casino Resort.

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Most tellers are happy to answer questions and assist you with the process…as long as you're not betting on the day of the Kentucky Derby or Breeders Cup. If you plan on visiting a track or off-track betting parlor to make your wagers on one of horse racing's busiest days, make sure you come prepared. Horse racing tellers request a specific order of information from bettors when they come up to the window.

If you follow these five steps, you'll keep the teller and the people behind you very happy:. CO Gambling problem? Call Indiana Self-Restriction Program. NJ Bet with your head, not over it! Gambling Problem? Call Gambler. NV If your gambling is no longer fun, don? Contact the Nevada Council on Problem Gambling or call PA If you or someone you know has a gambling problem, help is available, call Gambler. Wednesday, February 10, A Place Bet — Pays you back if the horse you select finishes first or second in the race.

A Show Bet — You win your wager if the horse finishes the race first, second or third. Exacta — Correctly selecting the top two finishers in a race in the exact order of finish. Trifecta — Correctly selecting the top three finishers in a race in the exact order of finish.

Superfecta — Correctly selecting the top four finishers in a race in the exact order of finish. Daily Double — To win this wager, you need to select the winner of two consecutive races. The longer the streak, the better the payout.

Box — When you box a wager, you are playing all of the possible combinations of a group of horses. Morning Line — Set by a track handicapper, the morning line is a prediction of how the betting picture will look at post time.

The morning line has no direct impact on payouts. Horse Racing Rules: How to Work With Tellers at the Track Technology has made betting on your computer or phone as easy as ever, but there's still a thrill to holding a paper ticket and collecting cash at the window. If you follow these five steps, you'll keep the teller and the people behind you very happy: State the name of the track i.

But a looser definition says a straight bet is when you wager that a horse will finish first, second or third. That said, several terms relate to different kinds of straight bets that can increase your odds of winning a little money. A winning horse will pay the most on bets that it will finish first. It will pay a little less for place bets and even less for show bets, but it can effectively pay out in three ways—thus the allure of across-the-board bets.

As the name suggests, "exotic" wagers are fancier and more complicated. They involve more than one horse. This means they're harder to win, but they also pay more than straight bets. Here are a few examples of exotic bets. Got all that?