There are four online betting partner companies that Virginia residents can wager through — TVG.com, Xpressbet.com, Twinspires.com and NYRABets.com. Fans can simply create an account with any partner site, fund it, and begin wagering.
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
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
- State the NAME of the track
- State the RACE NUMBER
- State the AMOUNT of the bet
- State the TYPE of the bet
- 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