Manne wrote:
As the “Most Exciting Two Minutes in Sports” approaches, we thought it was time for a horseracing betting refresher so as to be ready for the Kentucky Oaks and the Kentucky Derby. Knowing how to wheel bets or place a Superfecta will ensure maximum profits!
Win Bet
The simplest of all bets in which a single wager is placed on one specific horse to come in first place.
Place Bet
A Place bet still allows you to bet on a single horse, but means that your bet will win if the horse comes in either first or second. Although the payout will be less than a straight win bet, your chances of winning have increased.
Show Bet
A crafty bet in that it allows you to win if the horse you pick comes in first, second or third. Although the payout is necessarily smaller, it will be a more frequent winner.
Quinella
This is where betting on the Kentucky Derby will get a little more interesting as you put your research and “horse sense” to good use! This wager type allows you to pick two horses, and if both finish in the top two spots in any order then you are a winner.
Exacta
An Exacta is a bet type like a Quinella and allows you to pick two horses that need to finish in the top two spots. Unlike a Quinella however, you must also correctly pick which horse will finish first and which horse will finish second for the bet to win. This is a slightly more difficult bet, but one that also has a correspondingly higher payout.
Trifecta
A trifecta means picking the three horses which will finish first, second and third in a given race, and like the Exacta you must pick all three horses in the correct order for the bet to be a winner.
Superfecta
Simply pick the first four finishers of the race in the correct order of finish and now we are talking big winnings! A $1 Superfecta in the 2005 Kentucky Derby reportedly paid out the lucky handicapper over $864,000 when 50-1 Giacomo took down the prize.
Daily Double
This wager requires that you successfully pick the first place horse in two consecutive races. Typically the bet is offered for the last two races of the day, although some racing meets may offer it for additional races as well. This is a great bet if you have two very strong favourites in consecutive races, but note that the entire bet is lost if both horses don’t win.
Pick 3 and Pick 4
Like a Daily Double only with an increase in difficulty and payoff. Pick either the winners of three consecutive races or four consecutive races to get a very, very healthy payout. As with the Daily Double, all the horses selected to win must do so and there are no partial payouts.
Boxes
Boxing a bet allows you an even greater chance of winning some green on the bluegrass. By Boxing a bet, you are able to cover all possible combinations in which horses might finish in a bet such as an Exacta, Trifecta or Superfecta. An example would be that if one Boxed a Trifecta, you would now win if the three horses you picked finished in the top three regardless of order- while in a normal Trifecta the three horses must finish in the top three and in a specific order to win. By Boxing the Trifecta, one essentially buys a ticket that covers all the possible combinations of those three horses finishing in the top three and therefore increases the likelihood of winning the Trifecta.
Additionally, you can Box any number of horses in the race. Staying with the example of the Trifecta Box, you can place a wager in which every horse in a race is included in a Trifecta bet with every other horse so that literally every possible Trifecta combination is covered! Although boxing the entire field is not a winning strategy, adding more horses then the normal three picks to your Trifecta will increase your odds of winning.
Wheels
Wheels work like Boxes but allow you to “key” or select one or more horses to finish in specific positions, while having any number of other horses included in the wager. An example utilizing a Trifecta would be if you were positive that the number two horse in a race was going to win, but you were unsure of which horses would place second and third. A Trifecta Wheel would then allow you to select the number two horse to always finish first while “wheeling” the rest of the horses to finish second and third to your “key” horse in every possible combination. Further, you could “key” up to two horses in a Trifecta Wheel (or three in a Superfecta Wheel) to any of the top three spots you chose, and again then “wheel” as many any other horses you wanted into the remaining empty position.
For more information on the ins and outs of straight and exotic horseracing bet types, please ensure to check out our comprehensive Racebook Help section. Giddy up and good luck!
Links
The most exciting two minutes in sports: 2011 Kentucky Oaks & Derby | May 6 and 7, 2011 | Tickets, Events, News
Knowing how to wheel bets and place a Superfecta: Online Horse Betting and Horse Racing Odds at Bodog Racebook
Horseracing Help: Online Poker, Sports Betting, Online Casino at Bodog Sportsbook
Bet on the Kentucky Derby at Bodog Racebook today.
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2011/04/27
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