Horse Racing Straight Bets – Learn the Basics

Horse racing straight bets are one of the most popular types of betting worldwide. Clearly, they can seem confusing for a total beginner – chances are, you’ll end up overwhelmed by the choice and not completely sure how to proceed. To start with, there are two basic categories of bets: straight bets and exotic bets. For more comprehensive information about these categories, you can also visit this horse racing blog.

The straight bets are attractive due to the plain fact that they’re easy and cheap. When you put a straight bet, you’re betting on one horse only and whether that horse is going to come in first, second or third. In most of the cases, you don’t have to put a lot of money forward, which makes the straight bets very suitable for absolute beginners.

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There are different types of straight bets:

• Win

This bet is pretty straightforward – you bet whether the horse you picked is going to win or not. If the horse comes in first, you win!

• Place

Slightly different than the win bet, this one allows you to collect your reward if your horse comes in on the first or the second place. However, since your chances of winning are bigger, the final payoff is less compared to the win bet.

• Show

When you place a show bet, you bet that your horse will come in first, second or third, clearly increasing your winning chances. Again, since the winning chances are larger, the reward at the end can be even smaller than the win or place bets.

• Across the board

The across the board bet means you’re going to bet your horse to win, place and show. Due to this, it’s also known as a “combo straight wager” because technically, you put three different bets in one. Across the board bets are not very popular due to the fact that they cost more money (since you have to do three different bets) and there are fewer chances of you getting a big payout in the end.

• Win/Place, Place/Show

This type of bet is similar with the across the board though not exactly the same. When you’re betting a win/place bet, your horse must win and place so you win. In the place/show bet, your horse must place and show so you win. Because of the multiple bets on one wager, this type of betting is also more expensive.

Once you learn the betting types of each category, the whole betting process is guaranteed to become easier and more fun!