| Have you ever been in a situation where you wanted | | | | Box- This can be positioned encircling an exotic bet |
| to place a bet on your favorite horses, but didn't know | | | | which places a bet for all combinations of the numbers |
| which one to choose from? There are several types | | | | inside the box. |
| of betting strategies available in the world of horse | | | | Double-This method is where the bettor chooses the |
| racing. They all follow the rules of Parimutuel betting, | | | | champs of two succeeding races. |
| which is the only legal way to bet in the United States. | | | | Triple- This is where the bettor picks the champions of |
| There are several different bets that are a part of | | | | three succeeding races. |
| Parimutuel betting which uses a specific pool. Here is a | | | | Sweep- This method is where the bettor has to pick |
| list of the different types of betting that takes place | | | | the wins from four or more successful events. It's |
| during a horse racing event that occurs throughout the | | | | usually known as pick four and pick six in the United |
| US and Canada. | | | | States; with the payout on a pick six is a relief return |
| Win- In order to succeed with this bet, the bettor has | | | | to the bettor by selecting five champs accurately out |
| to choose their favorite horse that will finish first and | | | | of six events. |
| win the race. | | | | Win, place and show bets are categorized as straight |
| Place- This is where the bettor chooses their favorite | | | | bets, while the rest of the methods is considered |
| horse that either wins or places second. | | | | exotic bets. The bettor normally takes on several |
| Show- This is where the bettor picks a horse that will | | | | wagers on exotic bets. These wages are put in a box |
| win or places second or third. | | | | to include all possible winning combinations during a |
| Exacta - This method like quinella is where the bettor | | | | single race. A key is also involved when a bettor is |
| chooses which horse finishes first or second place but | | | | placing a multiple wager onto a single horse in one |
| in the correct order that they chose to finish. | | | | race bet that is in one position to include every possible |
| Quinella -This method is where you choose your | | | | winning combination. Using a wheel involves the bettor |
| horses by who places first during a race. | | | | to bet on all horses during one race of a bet that has |
| Trifecta - This is like the quinella and superfecta, with | | | | two or more races. |
| the exception that the bettor has to choose their three | | | | Those who use the straight betting methods use the |
| favorite horses that will place either first, second or | | | | procedure of an "each way" wager. This is where the |
| third in that ascending order. | | | | bettor will choose a horse and make a bet that it will |
| Superfecta- With this method, the bettor has to pick | | | | win the race and can make an additional bet that it will |
| four horses that place first, second, third, and fourth in | | | | appear. In the event that the racehorse places third, |
| order in which the bettor predicts the win. | | | | then the bettor will be able to refund the first two bets. |