People have been betting on horse races since horses have been running. Betting on the outcome of formal horse races can be fun and profitable if you know what you’re doing and can beat the odds.

Types of Bets

Straight Wager Bets

• Win – Pick a horse to finish first.
• Place – Pick a horse to finish first or second.
• Show – Pick a horse to finish first, second, or third.
  Exotic Wager Bets
• Exacta – Pick the first and second place finishers in exact order.
• Trifecta – Pick the first, second, and third place finishers in exact order.
• Superfecta – Pick the first, second, third, and fourth place finishers in exact order.
• Box – You can also box any of the exotic wager bets, which will place a bet on any combination of the horses you have chosen.
• Multi-Race Bets
• Daily Double – Pick the winner in two consecutive races.
• Pick Three – Pick the winner in three consecutive races.
• Pick Four – Pick the winner in four consecutive races and so on…