A "Win Bet" is just what it sounds like: betting that the horse you pick will win the race. You win if the horse wins.
For a horse to "place" it must finish the race either first or second. This bet generally pays less than the win, bet but it gives you two chances to win instead of just one.
For a horse to "show" it must finish the race either first, second, or third. This bet generally pays less than either the win or place bet, but it gives you three chances to get a return for your investment.
This is a quick way to say that I want to bet a horse to finish
in any of the first three positions ($2 Across The Board = $2 to
win, $2 to place, and $2 to show). If the horse wins , you collect
on all three bets. If the horse finishes 2nd, then you collect the
place and show bets. If the horse finishes 3rd then you will only
collect the show bet.
Straight Bet or Single or Win Bet: This is the simplest and most common bet. You bet on a winner at given odds. You collect only if your chosen horse is the first across the finish line.
Combination Bet: Combinations cover from two to four horses to win in chosen order.
Pick 3: This wager requires the player to pick the winners of three consecutive races. Some race tracks have a rolling Pick 3 which is when the player must pick three races in a row and it continues for the next three races.
Daily Double: You win if you pick the winner of the first and second race. To bet you say "$2 daily double on 3 (your pick to win in the first race) and 5 (your pick to win in the second race)". Your bet must be placed before the start of the first race.
Quiniela: You win if you pick two horses that finish first and second, in either order, in any single race. To bet you say "$2 quiniela, numbers 5 and 6". If the results of the first two horses are either 5-6 or 6-5, you win.
Quiniela Box: Pick three or more horses. You win if any two of your selections finish first and second. To bet you say "$2 quiniela box on 4, 5 and 6". You are making three separate bets so your minimum bet is $6. If they finish 4-5, 4-6, 6-4, 6-5, 5-4 or 5-6 you win. You can box as few as three or as many as the field.
Quiniela Double: Quiniela Double is a combination bet of two winning quinielas in the last two races. Select two horses to win and place, in either order, in each of the last two races. You must win both quinielas to win your Quiniela Double.
Quiniela Wheel: You can also 'wheel' a favorite horse, so that it is combined with all the other horses. Based on the $2 value, the total cost of a wheel with say, 6 other horses is $12. For example; if you wheel #2 with 6 other horses in the same race and #2 comes in first or second, you win because you have all the 6 combinations covered.
Exacta or Perfecta: The Perfecta is similar to the Quiniela, except the two horses must finish in the exact order. To bet you say "$3 Perfecta, 5-6". Only if the horses finish 5-6 you win.
Exacta Box: As with the quiniela box, except the two horses must finish in the exact order. To bet you say "$2 perfecta box on 4,5 and 6". You are making six separate bets so your minimum bet is $12. If they finish 4-5, 4-6, 6-4, 6-5, 5-4 or 5-6 you win. With Perfecta Box, for each extra horse you add to the box the possible combinations get compunded and your number of bets increases accordingly. A "$2 perfecta box on 4 horses" will cost you $24 (12 bets), a "$2 perfecta box on 5 horses" $40 (20 bets), and a "$2 perfecta box on 6 horses " $60 (30 bets).
Straight Trifecta: (Tricast or Treble Forecast, UK) Pick the first three horses to cross the finish line in exact order. To bet you say "$2 trifecta numbers 7,4 and 5". Only if they finish 7-4-5 you win.
$1 Trifecta Box: Pick three horses to finish first, second and third, in any order. To bet you say "$1 trifecta box 2,3 and 5". You are actually making six $1 bets, so your total bet is $6. If they finish 2-3-5, 2-5-3, 3-2-5, 3-5-2, 5-2-3 or 5-3-2; you win.
$1 Trifecta Key: Pick your favorite horse to win, then two or more others to place and show in any order. To bet you say "$1 trifecta key on 1 with 2 and 3". You are actually making two $1 bets so your total bet is $2. To win your Key horse must win and the other two must finish either 1-2-3 or 1-3-2.
Superfecta: The straight superfecta
is played by picking the first four horses to finish in exact order.
To bet you say "$2 straight superfecta 1-3-2-8". You would
collect if the race finishes exactly 1-3-2-8.
