Exotic Betting Strategy in Horse Racing
Horse racing is one of the more traditional sports in the world of sports betting. Punters of varying experience utilize many strategies that help them in winning and ultimately becoming successful in future wagers.
Whether you are a novice at horse betting or an expert, there’s always a new strategy to learn that you may find appealing and consider trying the next time you place a wager. Horse betting strategies help bettors pick the right combination or elections. This is crucial for bettors who are seriously looking to invest more money on horse races.
Here is a list of exotic betting strategies for beginners that can help boost your potential bets. Choose a right bookmaker and find best horse racing odds also boost your winnings, so here you can find best horse racing bookmakers 2023.
Win, Place, and Show Betting
A win place show betting is the most common wager placed in horse racing bets. Typically, they have lower payouts than exotic bets like Quinellas and Exactas, but they are known to be more frequently paid.
Simply put, for a horse to “win”, it must finish first horse place. If you bet on them to win, you only get paid if they win the race.
A horse that “places” is one that finishes second place. If you bet on a horse to place, it should finish first or second and you receive a payout. The amount paid on the bet is unequivocal, which means the payout will be the same whether the horse finishes first or second.
Show means a horse finishes third place. Betting on a horse to show doesn’t mean that it needs to finish third, but rather in the first, second, or third place. The payout is equivocal which means it will pay the same amount regardless of winning position.
A win-place bet is a horse racing bet which is similar to a place bet. You need to bet on a single horse in the race that you believe will either place or win (1st or 2nd place). In the case of win or place, the bet will be won. Unlike the place bet, the finishing position of the horse you bet on will determine the final payout odds on the tote board. For instance, a win will pay more than a place.
This is also known as across the boards bet. The win-place-show bet is a strategy in horse race betting similar to a show bet. The bettor selects a single horse to win, place, or show in the race. If the horse wins, places, or shows, the bet is won.
Contrary to the show bet, the finishing position of the horse will determine the payout that you will receive on a bet, or according to the probable payout odds on the tote board. For instance, a win will pay more than a place, and a place will pay more than a show.
What is a quinella betting? A quinella horse race bet is when you choose two horses to finish the race in first and second place, given in any order. So long as both horses take first and second position, you will receive a payout.
For example, $2 (3-5) quinella betting is a bet on horse #3 and horse #5 to win and place in the race. Whether it ends 3-5 or 5-3, the bet is won. If horses #3 and/or horse #5 do not finish first and second place in any order, the bet is lost.
The payout you will receive on betting quinella will be based on the amount of money that has been wagered on quinella horse bet and exacta bets that involve the same horses, compared to those placed on other horses. By rule, the more favoured are your picks to win, the lower payout you will receive. Choosing less favoured or long shots will mean higher payout when you win a quinella bet.
Quinella horse racing betting comes in three forms
- Straight Quinella Betting is the simplest type of quinella and is the one mentioned above. It is a single wager on two horses to finish first and second position, in any order.
- Quinella Box Bet is a more involved form of betting in that you choose more than two horses, paying more for each possible top-two combinations. Each combination cost an addition $2 minimum bet.
- Quinella Wheel Betting is similar to the box quinella except you choose one horse to be across all bets, with other horses to be combined. If you are certain that a horse will finish first or second, but unsure which other horse will join in either first or second place, you can use a quinella wheel bet horse racing to cover all possibilities.
What’s a Trifecta in Horse Racing?
Trifecta betting means the accurate selection of first, second, and third placers across the wire in the exact order. Trifecta betting strategies is popular since even small wager can have a big payout due to the difficulty of accurately selecting all top three finishers in a specific order.
The minimum bet for trifecta betting online is usually between $0.50 and $1.00. Trifecta bets are available on all horses and cover all breeds of horse racing, including bets place on thoroughbreds, trifecta bets on harness racing, and some place trifecta wagering on greyhound racing, too.
Trifecta betting comes in different variations, too!
What is a boxed trifecta? Trifecta Box Set or boxed trifecta is a trifecta in which a total of three horses are chosen. The better wins if the 3 picked horses places first, but they can finish in any order. Placing a boxed trifecta horse is similar to placing a standard trifecta wager on all of the 6 combination outcomes for your chosen horses.
Trifecta Wheel is focused around picking sets of horses to finish first, second, and third place. This betting strategy helps boost your chances of winning because one or more horses can be selected to finish in each place. You should place a wheel bet with less stress than a standard or straight trifecta bet.
Horse racing exotic bets strategies and their respective variations may be more complicated than they appear, especially for beginners. But, they are good bets to place if you are not too sure which horse is going to win a race. These horce racing betting systems bets will increase your chances of placing winning bets in most cases. Spice up your horse betting by trying out these exotic betting strategies for huge and exciting payouts.
If you are interesting in more horse racing articles – read our horse racing betting guide page.
If you want bet horses successfully you need to manage your bankroll, track your bets, watching horse races, finding best odds from bookies, have discipline and read our horse racing betting guide.
Quinella in horse racing is when you choose and bet on two horses to finish the race in first and second place.
Place bet mean in horse racing that your horse needs to finish second or first.
If you bet on show bet this means that your horse can come in first, second or third place, then you will win.
In Exacta Box bet you can choose to bet on three or more horses and any of two your horses musth finish first and second in any order.
You can also bet a $1 exacta which pays half of the $2 exacta payout and cuts your investment in half. Some tracks can offer a $1 exacta as a base wager amount.
A Trifecta consists of betting 3 horses to place first, second and third in the correct order. You can select as many horses as you want and make it a boxed Trifecta, or also pick a standout for any of the 3 positions.
$2 Trifecta Key Box will cost $36 – 1/2,4,6,8.
Trifrcta payout calculated by divifing up the pool of money that the entire betting spent on trifectas in a race by the amount of correct $1 bets. If you bet a $5 trifecta bet, you will have five shares in the winning Trifecta pool.
Trifecta bet allows your selections to finish first, second and third in any order. You can also select more than 3 runners.