How To Bet On Horse Racing
Posted March 5, 2011 – 5:40 am in: Horse Racing Betting 101
Fans looking to take their minds off of betting on March Madness brackets, should consider horse wagering. Each year over a million people gather around Churchill Downs, Pimlico Race Course and the Belmont Race Track to participate in horse betting on the American Triple Crown. Here is a guide on the types of wagers you can make during the three races.
Win – In this wager you are betting on one particular horse in the race to finish in first place. Most casual bettors make this wager for as little as two dollars and as much as $1000.
Across the board – The across the board wager takes into consideration, one particular horse finishing in any of the three podium positions. If your horse finishes in first place, you win across the board, meaning you win all three amounts within the wager. But if the horse finishes in second or third, you only win two or one amount of money.
Pick Six – For sports bettors looking to try their hand at horse racing, this wager is for you if you enjoy the parlays. Essentially, your goal is to pick the winner in six consecutive races, and your bet is only good if all six horses come through for you. What’s more, you have the option of carrying the winnings over to each race. Meaning to say, if you pick all six horses correctly, you can win a rather large purse.
Exacta – The exacta requires that you place a single bet on two horses finishing in exactly first and second. For your bet to be considered a win, the two horses you chose, must finish in the same order and place that you predicted.
Combination Bet – In this bet, you are picking anywhere from two to four horses to finish in the exact order you select. If any of the horses do not finish in your selected order, the bet is considered a loss.
Tags: Churchill Downs, horse betting, Horse Racing, Race Track, Triple Crown
