How to Bet on Horse Racing
How to place a Horse Wager
Provide the ticket writer with the following information:
• Track Name
• Race Number
• Type of wager
• Horse Number (s)
Please be sure that your ticket is correct before you leave the window.
Types of Wagers
WIN (W) – your horse must finish first, to collect the win payoff
PLACE (P) -Your horse must finish either first or second, to collect the place payoff.
SHOW (S) – Your horse must finish either first, second, or third, to collect the show payoff.
DAILY DOUBLE (DD) – You must select the winning horses of two consecutive races designated by the track. The track will usually designate the first two races and sometimes the last two races. Daily Double wagers must be placed before the first race involved in the wager.
EXACTA (EX) – You select two horses in one race to finish first and second in the exact order selected. This wager must be placed before the first race involved in the wager.
QUINELLA (Q)– You must select the two horses that finish first and second in either order in one race
TRIFECTA (TRI)– You must select the first three horses that cross the finish line in exact order in the designated race.
SUPERFECTA (SFC)– You must select the first four horses that cross the finish line in exact order.
PICK 3 (PK3)/PICK 6 (PK6)/PICK 9 (PK9) – You must select the winners in a set number of consecutive races. This wager must be made before the first race involved in the wager. Some others examples: WIN4, PICK 7 & PICK 8
Scratch Sheets – List of information needed to make wager for a track. Each track will have a separate sheet. Some of the information included are; saddlecloth number, horse, jockey, weight, track conditions, distance and wagering format for each race.
Entry Horse – Two or more horses in the same race running as a single betting unit when there is a common owner or trainer. If one of the horses is scratched, you will still have a wager.
Field Horse – Two or more horses in the same race running as a single betting unit. This results when there are more entrants than positions on the totalisator board. If one of the horses is scratched, you will still have a wager. This is also called the mutuel field.
Things you will need to start betting
Along with your sunscreen (or umbrella!), a few items come in very handy when you’re at the racetrack betting on horses. You may want binoculars to see your favorite pass the finish line, but the tools in the following list are even more useful when it comes to actually placing your bets:
Racetrack program: Like a program at a baseball game, it has information on all the players. In this case, the players are the horses, jockeys, trainers, and owners. Cost is $3.
The Daily Racing Form (DRF): It provides the past performances of all the horses running on the day’s program and includes informative horse racing articles and handicapping by DRF staff. Cost is $4.
Public handicapper selections: If your racetrack or OTB (off-track betting) is covered by the local newspaper, they may pay a handicapper to make daily horse selections. Cost is 50 cents.
Handicapping tip sheets: These are daily selections published by handicappers at the racetrack. Cost is $2.