Which are the two main types of horse racing bets?

Question

I am working on sports betting university project and currently researching about the horse racing bets. Can you help me know, which are the two most prominent and major horse racing bets?

Answer 1

Below are the different types of horse racing betting that you should know in order for you to choose choice of bet and in order to know when you should strike down a bet and transfer or create one in place of another, as they say, betting is a game of numbers.

Win bet

A manageable and most common type of bet wherein you bet on a winner at a given odds and you can only collect if the one you chose is the first one to cross the finish line.

Place bet

In here the bettor will have to bet on the horse that can finish second now in the case that your chosen horse will finish first or second you are considered a winner but this type of bet pay less compared to the win bet type.

Across the board

This type of horse racing betting is where you bet for your horse win, place and show. In the case that your horse will have either of three options, you win.

Show bet

This is a type of bet wherein the bettor will be considered a winner if the chosen horse will finish either first, second or third. And it also pays out provided that the horse will win or have a place in the race. It is one the many types that is considered safe as recognized by betting experts but you don't have to expect a lot of money for a win, so the odds are quite low and of very conservative.

Quiniela bet

This is a type of betting wherein you have to choose two horses and assign each one whom you think will finish first and second. Provided that your hunch is true not necessarily in a specific manner but either of the two horses will finish first or second then you win the game. So this type of betting is advisable for those bettors who are having a hard time choosing which one will win first or second.

Exacta bet

From the word of this type of betting, bettors must choose in the right order which horses comes first and second in a certain horse racing event. So with this type of bet you will expect a much higher payout compared to other horse betting types since you have to predict in exact on which horses would comes first or second. So this type of betting are the favorite one for those handicappers and it is sometimes referred to as exactors.