Online Racebook Bettors are on the Rise
The number of bettors who wager on horses in their online racebook is rising as horse racing has millions of fans globally. Some enthusiasts watch live races while others bet on them.
A racebook allows horseplayers to manage jockeys and betting odds. You can place the following seven bets at a racebook online.
Straight Bets
There are different types of racing straight bets, including:
- Show: a horse has to finish a race in the first, second or third position to Show. This wager has a lower payout than a place or wins bet as you have three opportunities to get a return.
- Across the Board: you will predict that a thoroughbred will finish among the first three. The bet has three options, as illustrated below.
- A $5.00 Across the Board wager= $5 to win, $5 to place, and $5 to show.
- You will collect the three wagers if your favorite horse wins and collect the show and place wagers if it is second. Even so, you will collect the show wager if the horse is in the third position.
- Win: you will wager on the horse that you believe will win a race.
- Place: a horse has to be the first or second in a race to place. The bet has a lower payout than a winning bet as it gives you two winning opportunities.
Exacta
This bet option requires you to select the first two horses in their correct finishing order. It is also called a Forecast wager or a Perfecta.
- Exacta Wheel: you might know the horse that will win and have several second-place choices. So, an exact wheel will be a perfect selection for you.
- For instance, if you believe the fourth horse will win, and the third, fifth, seventh, or tenth horse will be second, you can place this bet:
- A $10 exacta wheel, the #4 thoroughbred with the #3, #5, #7 #10. The same formula applies when calculating an exacta’s cost (1×4×10=$40). Thus, you will stake $40 to place an exact wheel.
- Exacta Box: this option means you will pick each likely combination of all horses in each finishing position.
It is appropriate if you are confident you know the best two horses but aren’t sure about their exact finishing positions. More than one horse can appear in the box.
Quinella
You have to choose the first two horses but not in their precise order. This bet resembles the exacta box, but it has a varying payoff, as it is a single bet while an exacta box comprises two wagers in a ticket.
The Quinella bet isn’t available in some racecourses. Here are a few quinella variations:
- Quinella Double: it is a combination wager constituting two winning quinellas of the past two races.
- You must select and place the two horses that will win in any order in the last previous races. It is impossible to win a quinella double if you lose both quinella.
- Quinella Wheel: racebooks allow horseplayers to wheel their favorite horses and combine them with the others. For example, if a race has seven horses, you can stake $5 on the winner, and the wheel’s total cost for the other horses will be $35.
- Quinella Box: you can pick more than two horses and win if two horses get the first and second positions.
Trifecta
The bet requires you to select the first three horses in their precise order. It has the following options:
- Trifecta Box is suitable if you know the three top horses but aren’t certain about their finishing order.
- Trifecta Full Wheel: choose one or two thoroughbreds to get a particular position and combine the selection with each likely combination. This varies depending on the number of horses that are competing.
- Trifecta Key: the key horse in your wager has to win the race. Your combination should have other horses finishing in the second and third positions.
Racebooks often specialize in horse racing. Yet, some online casinos have racebooks and sportsbooks, thus allowing bettors to wager on different sports.
Many racebooks provide rebates and signup bonuses. But, it is important to read their terms and conditions to determine if you are eligible.
More tips for PPH:
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