Wagering 101

The traditional wager is based on a $2 minimum play. Basic wagers are to Win, Place or Show. Exotic wagers are more complicated and often more rewarding. They have names such as Exacta, Trifecta, Superfecta, Daily Double, Pick-3, Pick-4, Pick -5 and Pick-6.

Types of Bets

Win – Horse must finish first
Place – Horse must finish first or second
Show – Horse must finish first, second or third
Exacta – Pick the first two horses in the correct order
Trifecta – Pick the first three horses in the correct order
Superfecta – Pick the first four horses in the correct order
Daily Double – Pick the winners of two consecutive races
Pick 3 – Pick the winners of three consecutive races
Pick 4 – Pick the winners of four consecutive races

Lets start with the traditional wagers. To cash a Win bet, the horse you selected must finish first. To cash a Place bet your selected horse must finish first or second and to cash a Show bet your horse must finish first, second or third.

How do you place a bet? Have your money ready and follow the step by step instructions prior to the start of the race:

How to Bet

  1. State the NAME of the track
  2. State the RACE NUMBER
  3. State the AMOUNT of the bet
  4. State the TYPE of the bet
  5. State the NUMBER of the horse

Example: “Gold Cup, race one, $2 to win on number 5”

 

Hopefully you have picked a winner! The chart below will give you the approximate payoff for a $2 payoff:

Approximate Payout for $2 Win Ticket

Odds Odds
1-5 $2.40 4-1 $10.00
3-5 $3.20 9-2 $11.00
1-1 $4.00 5-1 $12.00
7-5 $4.80 6-1 $14.00
9-5 $5.60 8-1 $18.00
2 -1 $6.00 10-1 $22.00
5-2 $7.00 20-1 $42.00
3 -1 $8.00 50-1 $102.00
7-2 $9.00 99-1 $200.00