According to the off track betting websites and the casino race books, the basic wagers which one can make on the horse races are similar at the track. So, understanding the various wagers and the process how they pay off can make on comfortable to walk up the window and to place the bets.
- Across the board bets- This type of bet is important when one wants to make a selection to place, show and win. Instead of creating three separate wages, one can combine the wages on a single ticket. If the selection wins, then the person would get the collected amount of all the three wages, the payoffs of place and show. If the selection get the second position, one would get the total payoffs of place and show and in case the selection comes to the third place, he/she would get the payoffs of the show.
- Straight bets- The straight bets are counted on as most popular bets made on the horse races and account for the most of the money used to bet on any horse race by any average better. The common types of straight bet are:
- Win: In case the selection finishes the first, one would get the amount of win payoff.
- Place: If the selection comes first or second, the one can get the amount of place payoff
- Show: In case the selection finishes the first second or third payoff, then one would get the amount of show pay off.
Apart from these two types, the wagers of the horse races can be of some other types like:
- Quinella- This type of wager is very similar to exacta as one needs to pick two horses to finish the race first and second but not necessarily in an exact order.
- Exacta- In this kind of wager the wager needs to pick two horses to finish a race in the exact order of first and second. Majority of the players who bet the exacta box the bets to cover the chance of two horses who come to the finishing in the opposite order.
- Trifecta- This type of wager need to pick three horses to finish in a single race in the correct order.