If you are caring about a wager on horse racing but you don’t know more information about it. This article will be useful. The fact that, there are many bet types about horse racing which some are standard in the world and others are unique for specific regions.
Following this article and clearly understand about other horse racing bet types.
Parimutuel and fixed and odds wagering
Parimutuel means that you place mutual bet when all wagers on a horse racing will go into a central pool then operator takes out fixed percentage and the rest will be split for winning bets.
Whereas fixed odds betting is set up availably for all runners. The odd can be changed according to flow of bets.
Winning and placing wagering
Winning is considered as the most basic wagering in all horse racing bets in the world nowadays. Following this bet, you can put your money on a horse then it runs destination fastest and you also win. It is also called with another name as betting straight-up.
About placing wagering, you can put your money on a horse to finish in the first three while there are some runners pay out for the place if they are loser.
In North America, placing wagering pay out only the first two runners while U.S and Canada applies the first three runners over the racing line.
Quinella bets means that you can select the first two horses over the racing line under any order. Even you can pick any horse you wish. You are not limited about the number horse for a line.
Exacta bets means that you also can select the first two horses over the racing line but it belongs to correct order.
Trifecta bets means that you select the first three horses over the racing line and in any order. It is popular in Hong Kong.