Sorts of wagers and diverse horse betting related terms
"Across the Board"
A bet on a horse to win, place and show. If the horse wins, the player collects 3 ways ; if 2nd, 2 ways and if 3rd, one way, losing the win and place gambles. Often referred to as : win, place, and show.
Example : I want to bet $2 everywhere on number 4.
"Boxed Bet"
Gambling all possible combos in a multi-horse bet like exacta or trifecta. Fighting is more expensive but will cover the horses finishing in any order. Examples : I want a boxed exacta of one and 4
"Breakage"
In pari-mutuel payoffs which are rounded out to a nickel or dime, those nickels that are left over. Breakage is in generally split between the track and state and, in a few cases, breeding or other funds, in varying proportions.
"Bridge Jumper"
A person who gambles an abnormally huge sum on a single horse, like $100,000 to show. Refers back to the fact that if they lose they could be jumping off the closest bridge. You can make this work in your favor if you believe the horse that has been bridge jumped will finish out of the money since that will end up in massive pay-offs on the other horses
"Combination Bet"
You choose between two to four horses to come in a chosen order.
"Daily Double"
kind of bet looking for the choice of winners of 2 consecutive races, sometimes the 1st and 2nd or the last 2 races. Examples : I want a $2 daily double with six and ten.
"Dead Heat"
A tie between 2 or more horses at the finish of the race. Sometimes these can be divided by the photograph finish camera, but infrequently they are so close you can not. In this example, all wagers are paid on both horses. Examples : there had been a deat heat for win in the following race.
"Exotic Bets"
You can sometimes place a bet on unusual events. Some sportsbooks offer odds on strange and unexpected sports related event, others may take your offer to give odds on any event you might think of. Internet offers unlimited opportunities on that matter.
"Future Events"
You can bet on future races at the start of each season. The sportsbooks may give out odds for horses to win a certain event. These odds may change as the race date approaches, but if you win you get paid at the original odds that you took (much like in case of options, odds will get shorter). This can propose a highly profitable bet but you are in the danger of losing everything if the horse is injured.
"Field Horse"
2 or more starters running as a single gambling unit, when there are far more entrants than positions on the totalisator board can accommodate. Most tracks can now handle enough gambling interests this isn't seen as often. AKA : Mutuel Field "In The Money" Definition : Finishing first, 2nd or 3rd in a race.
Example: Man O'War completed in the cash twenty-one times in his career.
"Future Events"
You can bet on future races at the start of each season. The sportsbooks may give out odds for horses to win a certain event. These odds may change as the race date approaches, but if you win you get paid at the original odds that you took (much like in case of options, odds will get shorter). This can propose a highly profitable bet but you are in the danger of losing everything if the horse is injured.
"Lock"
Jargon term for a horse that's sure to win. Also Known As : sure bet Examples : Secretariat was a lock in the Belmont Stakes. "Minus Pool" Definition : A mutuel pool caused when one horse is so heavily played that, after subtracting the track take, there isn't really enough cash left to pay the legally prescribed minimum on each winning bet. The racing organisation has to make up the difference so all pay-offs are the minimum amount, generally $2.10 or $2.20 depending on the local rules
"Objection"
Claim of foul lodged by rider, coach, patrol judge or other official. If lodged by official, it is known as an investigation. There's also an objection light which will flash on the toteboard. Sometimes called : Protest Examples : The rider of number four has filed an objection against number six for interference in the stretch run.
"Parlay(Accumulator)"
With Parlay you use your winnings from one bet to place on another bet.
"Perfecta/Exacta"
A bet in which the first 2 finishers in a race, in actual order of finish, must get picked. Also Known As : Perfecta, Exactor Examples : I want a $2 exacta of two over four.
"Place"
In this type of wager, the horse must finish the race better than third.
The Place bet obviously pays less than the win bet while giving you two chances to win instead of one.
"Pick 3"
You need to pick the winners of three consecutive races. Some race tracks use rolling pick 3 which let the player pick three races in a row and continues for the next three.
"Pick 6"
This type of bet let you select the winner of six consecutive races before the first race of the pick six. Some race tracks place the pick six as the first six races, the middle six races, or the last six ones.
"Quiniela"
You bet on two horses to win in no particular order.
"Show"
With this type of bet your chosen horse must finish in either three first places. The Show bet pays less than both win and place wagers, but gives you three chances for a return of your money.
"Superfecta"
With a Superfecta wager, You pick the first 4 horses who cross the line, The winning horse, the second placed one, the third, and the fourth. This type of wager can be expansive and is not so popular. The most basic form of this bet is the Straight Superfecta, which is a combination of the first four finishers. This type of bet is not offered in all races at all tracks.
"Trifecta"
A bettor will pick the first three finishing horses in the order of their finish. The most basic form of the Trifeca wager is the Straight Trifecta, A single combination of the first three finishers. This type of wager is also called the "Triple" at some tracks.
"Win"
This most basic type of bet, you win when the horse wins.
For Better Understanding On How Things Work, Check Our Wager Examples Page
