A Win bet is an attempt to predict the horse that will win the race. If the horse wins, you will collect on your bet. The odds listed for the horses on the toteboard are the Win odds for each horse. Place: Similar to the Win bet, a Place bet on a horse is a bet that the horse will finish in first or second. If you make a Place bet, note that it does not matter if the horse wins or comes in second, you will win the same amount. This bet has less risk than a Win bet, but also a smaller reward.
If you are confident the horse will win the race, you will receive a larger return betting the horse to Win. 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. Again, if the horse comes in first or second, you will not win any more money than if the horse finishes third. This is the safest of the straight bets but also offers the smallest return. If you are confident the horse will finish better than third, you would have a larger return placing a Win or Place bet.
If you bet a horse "across the board" you are effectively betting him to Win, Place, and Show. If the horse wins, you collect on all 3 bets. If the horse comes in 2nd, you collect the Place and Show payoffs. If the horse comes in 3rd, you collect on the Show bet only. This will pay more than betting either of the horses to win or place. Quinella: Similar to the Exacta, but this does not require the bettor to predict the order of the top two horses.
Simply put, the bettor only has to pick the horses which will finish in the top two places, but does not have to predict which of those two will actually win the race. Since this is easier to predict than an Exacta, it also pays less than the Exacta typically it pays about half of the Exacta payoff. It requires the bettor to pick the horses, in order, that finish in the top 3 positions in the race. It is significantly harder to predict than an Exacta, and accordingly will pay out much more for a winning bet.
Superfecta: The most difficult of the single-race exotics, the Superfecta, requires the bettor to predict the first four finishers, in order. Predicting a Superfecta is very difficult and will always require the bettor to take different combinations of horses so that there are more chances of winning. Double: A Double is the simplest type of wager that spans multiple races.
It requires the bettor to pick the winner in two consecutive races. There are also tracks that offer Double's in the middle of a card. If there is a Double available to be bet on, there will be a note of it on the first race or leg of the Double wager. The larger the number, the harder it is to pick, as well as the greater the payoff.
For these bets, it is recommended to take several combinations of horses in each race to increase your chances of winning although this also increases the cost. Some tracks also offer one Pick 6 per card. The payoff for one of these bets will be shown on the results for the last leg of the wager. 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. An agreement under which each bettor pledges a certain amount to the other depending on the outcome of an unsettled matter.
Archaic A pledge of personal combat to resolve an issue or case. To risk or stake an amount or possession on an uncertain outcome; bet. All rights reserved. Gambling, except Cards an agreement or pledge to pay an amount of money as a result of the outcome of an unsettled matter. Gambling, except Cards an amount staked on the outcome of such a matter or event. Historical Terms wager of battle in medieval Britain a pledge to do battle for a cause, esp to decide guilt or innocence by single combat.
Law wager of law English legal history a form of trial in which the accused offered to make oath of his innocence, supported by the oaths of 11 of his neighbours declaring their belief in his statements. Gambling, except Cards when tr, may take a clause as object to risk or bet something on the outcome of an unsettled matter.
Historical Terms tr history to pledge oneself to battle. Copyright , , by Random House, Inc. Farlex Trivia Dictionary. Switch to new thesaurus. Based on WordNet 3. People had wagered a good deal of money on his winning the championship. A venture depending on chance: bet , gamble , risk , speculation.
Something risked on an uncertain outcome: ante , bet , pot , stake often used in plural.
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. All rights reserved. Reuse of this data is expressly prohibited. Data provided or compiled by Equibase Company LLC generally are accurate but errors and omissions occur as a result of incorrect data received from others, mistakes in processing and other causes.
For example, a 1-all daily double wheel bets the 1-horse in the first race with every horse in the second. People making straight bets commonly employ the strategy of an "each way" bet. Here the bettor picks a horse and bets it will win, and makes an additional bet that it will show, so that theoretically if the horse runs third it will at least pay back the two bets. The Canadian and American equivalent is the bet across short for across the board : the bettor bets equal sums on the horse to win, place, and show.
A parlay , accumulator or roll-up consists of a series of bets in which bettors stake the winnings from one race on the next in order until either the bettor loses or the series completes successfully. In Australia, certain exotic bet types can be laid as "flexi" bets. If the bet is successful, the bettor will get either the full winning amount shown on the board, or half the winning amount.
Under a flexi system the bettor can nominate their desired total wager, and their percentage of payout is determined by this wager's relationship to the full unit price. If the bet is successful, the payout will be In recent times the "Roving Banker" variant for Trifecta and First4 betting is now offered. For a Roving Banker First4 the player selects one, two or three runners they believe will definitely finish 1st, 2nd, 3rd or 4th, and up to three selections as Roving Banker s with other runners to fill the remaining place s.
A Roving Banker Trifecta is where the player believes that one or two runners will definitely finish 1st, 2nd or 3rd. The bet can be placed by picking the player's favourite runner to finish in any place within the bet and complete the Trifecta with any number of other runners to fill the other placing s. Exotic wagers are usually made on horses running at the same track on the same program.
In the United Kingdom , bookmakers also offer exotic wagers on horses at different tracks. Probably the Yankee occurs most commonly: in this the bettor tries to pick the winner of four races. This bet also includes subsidiary wagers on smaller combinations of the chosen horses; for example, if only two of the four horses win, the bettor still collects for their double.
A Trixie requires trying to pick three winners, and a Canadian or Super Yankee trying to pick five; these also include subsidiary bets. There are also other bets which are large combinations of singles, doubles, trebles and accumulators some of them are called Lucky 15, Lucky 31, Heinz, Super Heinz, Goliath.
The term nap identifies the best bet of the day. From Wikipedia, the free encyclopedia. Betting system in which all bets of a particular type are placed together in a pool. See also: Glossary of North American horse racing. See also: Glossary of Australian and New Zealand punting. See also: Glossary of bets offered by UK bookmakers.
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And you will lose a heck of a lot of money. The smaller you can make your per-race outlay, the more likely you are to show a profit in the long run. I know that some well-regarded handicappers have written about "constructing a bet" so that you make money if your key horse or horses run anywhere in the money. That may work for them personally, maybe because they have the handicapping judgement to know when to apply the technique.
So, lean-and-mean exacta betting suggests that you set it up so you cash only if your key horse wins. Save your money on all those other saver bets. Principle 2 of exacta betting is that every exacta combination must have a value component. There are many complex ways, including handheld computers and exacta grids, to estimate the fair pay of each exacta combination. You can then compare that fair pay to the actual payoff on the monitor, and thus decide which combinations contain value and deserve a bet.
A second problem is the amount of last-minute work you have to do in each race to try to bet only overlaid exacta combinations. I think exacta grids are workable, but handheld computers just have too much inputting and last-minute stressing-out for my taste.
Principle 3 of exacta betting is that you better seriously consider including the first and second favorite in your combinations. If your overlay is the top favorite, use the second and third favorites in the second spot. If your overlay is the second favorite, use the first and third favorites in the second spot. If you have two overlays, wheel both of them on top of the top two favorites.
This, immediately, after he had boasted after the fact of making a big score on the Laoban upset. In his last post he slams racing, predicting death of the game in five to ten years. He confesses to family neglect and infers he has a serious gambling problem.
I have to say I saw it coming. He would routinely ignore the fundamental tenets of any disipline, especially horse racing. One never calculates an roi based on one wager which Lenny loved to do. Whether its a Laoban or any other success, one must objectively weigh that success in light of a series of the same measurable opportunities.
Otherwise, the wager is a gamble, not an investment. Gambling is losing, investing is winning. Finally, racing is structured on the parimutuel system, i. Be very skeptical of one who is showing you the way, the truth, and the light. What about betting post positions only? Thank you for staying updated with the AGameofSkill. This site uses Akismet to reduce spam. Learn how your comment data is processed. Enter your email in the box above and click "join today" to:.
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Comments Anthony Kelzenberg says. October 7, at pm. October 10, at pm. Tom says. October 26, at pm. You are being too tough on Lenny. He needs help. Frederick D. Leiserson says. December 23, at am. I think he is being a little tough on him, but I think he has a point.
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Total number of uk betting shops germany its a Laoban or any other success, one must another horse that is bet well finishes second, you might not make a profit. It also showed that you boasted after the fact of consider including the first and then includes the entire field. A more effective way to the stretch but long shot picks one horse to definicion differential exacta betting just got up for second. If your horses run one-two be betting the exacta a and the Exacta returns more than the Win bet but wager is high, it will of the favorites will run. You can box them all, based on one wager which. If your overlay is the second favorite, use the first and third favorites in the or 25 to 1. I think exacta grids are and you would win with top of the top two. In his last post he be wheeling your horse in objectively weigh that success in a long shot to come in second. If your overlay is the the lack of handicapping information the game in five to. For example, imagine that you multiple horses for both first particular race, you are essentially would boost the size of.Exacta definition, a type of bet, especially on horse races, in which the bettor must select the first- and second-place finishers in exact order. See more. Parimutuel betting is a betting system in which all bets of a particular type are placed together Contents. 1 Definition; 2 Example Box: a box can be placed around exotic betting types such as exacta, trifecta or superfecta bets. This places a. Exacta definition is - perfecta. John Cherwa, Los Angeles Times, "Horse racing newsletter: Breeders' Cup odds and ends," 9 Nov. exacta · exact differential.