The Most Common Horse Racing Wagers

Handicapping past performances PPsIf you are new to the sport of horse racing, these are the basic and most common types of horse racing wagers that you can place at the racetrack, OTB, or ADW (online wagering company).

WIN BET
You are picking the horse you think will win the race. If you are correct, you will receive the Win payoff amount.  You can wager on more than one horse in the race to win.

Minimum bet – $1 or 2 per horse combination depending on the track’s rules.

PLACE BET
You are picking the horse(s) you think will run EITHER first or second place in the race. If you are correct, you will receive the Place payoff amount.
Minimum bet – $1 or 2 per horse combination depending on the track’s rules.

SHOW BET
You are picking the horse(s) you think will run EITHER first, second OR third. If you are correct, you will receive the Show payoff amount.
Minimum bet – $1 or 2 per horse combination depending on the track’s rules.

DAILY DOUBLE BET
Played only on the first and second races of each performance. You must select the horse(s) in each of the two races you think will win. All Daily Double bets must be in before the first race (Leg) runs.
Minimum bet – $1 or 2 per horse combination depending on the track’s rules.

QUINIELA BET
You must pick at least two horses you think will cross the finish line in the top two places. With this type of bet, the horses can finish in either order, and you still have a winning ticket! If you are correct, you will receive the Quiniella payoff amount.
Minimum bet – $1 or 2 per horse combination depending on the track’s rules.

EXACTA BET
With this wager you must pick the first two horses across the finish line in EXACT order. If you are correct, you will receive the Exacta payoff amount.  This is the most popular “exotic” wager in horse racing.
Minimum bet – $1 per horse combination.

TRIFECTA BET
You must pick at least three horses that you think will be the first three across the finish line. If you are correct, you will receive the Trifecta payoff amount.
Minimum bet – $0.50 per horse combination, or more, depending on the track’s rules.

SUPERFECTA BET
You must pick at least four horses you think will be the first four across the finish line. If you are correct, you will receive the Superfecta payoff amount.
Minimum bet – $0.10 per horse combination minimum, or more, and additional amounts must be in multiples of a dime.  Depends on the track’s rules.  Some tracks are $0.50 or $1.00 minimums.  Some Canadian tracks are $0.20 minimums.

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About Editor

Rich Nilsen is a 17-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the 2018 NHC Tour with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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