| Wagering on Thoroughbred horse racing is an event | | | | two finishers in the same race in the exact order. A |
| that has taken place for many years. While the | | | | variation to this type of exotic wager is the exacta |
| concept of wagering has remained the same, there | | | | box. With this wager, bettors will still have to choose |
| have been many new types of wagers created since | | | | the top two finishing horses in the same race; the only |
| the first wager was placed on a Thoroughbred race. | | | | difference is that the horses do not have to finish in |
| The most popular type of wager that can be placed | | | | exact order. Because the exact can still be easy to |
| on a Thoroughbred race is the win wager. This type | | | | correctly predict, the payouts can still be small, luckily |
| of wager is also the oldest type of wager. With this | | | | there are other types of wagers that have much |
| wager, bettors only have to choose the one horse | | | | larger payouts. |
| that they believe will win the race and if the horse | | | | One type of wager that commonly has a very large |
| does indeed win the race, the bettor will win their | | | | payout is the pick six. What makes this type of wager |
| wager. The only downside with this type of wager is | | | | different from the others is that bettors are required to |
| that the payoff is usually small. This is because the | | | | choose the winning horses in six consecutive races. |
| horses that are the betting favorites will usually win the | | | | While choosing the winner of one race can be easy, |
| race and the long shots that will have the highest | | | | there are often races included in the pick six that do |
| payouts will usually place lower in the field. | | | | not have a clear favorite and there is a good chance |
| Many gamblers that are placing bets to win large sums | | | | that a long shot will win one of the races. The payout |
| of money will choose to place the more exotic | | | | of the pick six is determined by the final betting odds |
| wagers to increase the chances of winning more | | | | of each of the horses that wins their respective race. |
| money. One of the exotic wagers that is still fairly | | | | In some instance, if no one wins the pick six, the |
| simple to win is the exacta bet. With this wagering | | | | money wagered will carry over to another night. |
| option, gamblers will have to correctly choose the top | | | | |