Horse Race Betting Explained
November 5th, 2009 Posted in Horse RacingBetting on Horse Racing is as popular as ever across the world, which makes it vital for punters to be aware of the various betting terms. If you are a casual punter, chances are that will you will need a number of terms explained to you.
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Here is a general run-down and racing tips:
WIN: The horse you select must win or you lose your bet.
EACH-WAY: Your bet is split in two. Half of it is on the horse to win the race, while the other half is for a place finish (second or third). This is a safer option and ensures all bases are covered. For example, if you place $10 on a horse each-way, and it finishes second, you will receive the payout on a place finish for a $5 bet.
PLACE: Simply, if your horse finishes in the top-three, your horse race betting is successful.
FIRST4: Some betting agencies offer this in races with four or more runners. You must select the top-four, in correct order, for your bet to win.
BOX FIRST4: Can select any number of horses but, within your selections, you must have the top-four place-getters in the race.
QUINELLA: Choose two horses, and if they finish first and second, regardless of the order, your bet wins.
EXACTA: Similar to a quinella in that the punter makes two selections for first and second. But the horses must finish in the nominated order for the bet to win.
TRIFECTA: Select the top-three in their correct order at the finish for a successful trifecta.
