A horse race is the best sport that is in history. We can enjoy the race, and we can even bet on the game too, which is too much fun. It is a fun activity, but to learn about the bets, we have to give it all our focus to learn about them.

There are two types of wagers that come under horse race betting. Here they are:

  1. Straight wagers

It is when the bettor is betting on a single horse only. Here are its different types,

  • A win: It is a bet that we place on the win of a single horse. There are no conditions, and it is general as if the horse wins, you get to collect the money.
  • Place: It is the one that includes the bet on a single horse if he comes first or second. The chances are higher, but the money is lesser.
  • Show: It includes the bet of a horse when he comes first or second or third. The chances get increased, and the money gets lower in the bet.
  • Across the board: This type of bet includes the bet on three bets in combination. The bet is including the bet of win, place, and show all three. So the odds in this are higher, and the money depends on the winning decision.
  • Win/place or place/show: It is another combination bet that people make. Yes, it is a bit expensive too because it includes the bet of two types at once.
  1. Exotic wagers

In this, the person can bet on multiple horses. It is different than the straight wagers, and it has different types of bets too. In this, the person needs to have more skill and the stakes are higher too. Here are different bets that come under this one,

  • Exacta: It is a bet when a person is betting on two horses that one of them will win. It is a great opportunity when someone is unsure which one will win or which one has better chances.
  • Quinella: It is different than exacta. In this type of bet, we will bet on two horses and in order. For instance, if we bet on 2 and 5, either one of them will come first or second, and the win will be in your hands. It pays a bit lower than the prior one as the chances are higher.
  • Trifecta: There can be three places to win, and the bettor can choose three horses too. So if someone is choosing 2,5, and 6 for the bet so anyone of them can come in the first, second, or third place, getting you a win.

These are the two types of wagers that are in the betting system of horse racing. With better info, the person can bet in a good way with proper information. It depends on the person to choose the type of wager and the bet they like. It is all on the knowledge they have and of course the money too.