Understand the types of horse racing bets

Most people know 2-3 types of horse racing bets, the most common one being the win bet, but there are many others out there. Let us present an overview of wager types so that you can choose the one that best fits your goals. Once you make up your mind, you can use this Ladbrokes Promo Code 2018 to place your bets.

Top 3 horse bets

The win bet is the most commonly used one. Basically, you pick a winner, and if you’re right, you win, if you don’t, you lose. The minimum stake is usually $2 but some bookies experiment with even lower wagers.

The second type is the place bet that basically requires you to choose the horse that will win or come second. The payout is lower but you have better chances of winning. And the last of the top 3 wagers is the show bet that brings the best chances but modest payoffs because you bet on a horse to come 1st, 2nd or 3rd.

Exotic wagers

The Exacta bet is probably the most popular of this category. You choose the top 2 finishers in the exact order. Your chances are low but you can win big for a small stake. Another example is the Quinella bet that’s similar to the Exacta but you don’t have to guess the order, you only choose the top 2 horses.

Next in line in popularity is the Trifecta where you have to guess the top 3 horses in the exact order. Once again, you have low winning chances but big payoffs with small stakes. The Superfecta bet is more complex because you bet on the first 4 finishers in the exact order.

If you want to take it up a notch, you could try to guess the first five horses in the correct order. This is called the Super Hi-5 or the Pentafecta. Still, don’t kid yourself, your winning chances are quite low but the payout are at least in the thousands of dollars range.

Those who really enjoy the gamble thrill could go with the Rolling Doubles, also called the Daily Doubles where you pick the winners of 2 consecutive races. This can be extended with the Pick 3 bet where you select the winners of 3 consecutive races. There also are Pick 4, 5 and 6 bets for adventurous gamblers. Obviously, your winning chances will go down and the payoffs exponentially up.