Betting on a horse race for the first time — even the first few times — can be an intimidating endeavor. What are all of these options? Here’s all the lingo you need to know before you place your first bet:
Horse Racing Betting at Bet UK. Bet UK's online betting has horse racing markets available every day, on all major single meetings throughout the racing calendar. As well as horse racing betting on the standard meetings, we also have Cheltenham Betting offers for the biggest show of the year, as well as betting tips including Cheltenham betting tips and Royal Ascot betting tips.
- A Racing Multi is a special type of bet that allows you to combine the favourite horses in one bet for bigger odds. Join Australia's favourite betting website.
- If you bet on a horse to win, place and show, it's often called an 'Across the Board' wager. If the horse finishes first, then you will be paid on the win, place and show wager. If the horse finishes in second, you will be paid on only the place and show wager. And if the horse comes in third, then a.
- Bet on premier Australian, New Zealand & International thoroughbred horse races, including the Melbourne Cup, Spring Carnival and more. Join Australia's Favourite Online Betting and Entertainment Website.
- If you were betting on conventional sports at a sportsbook where the minimum bet was $1, you’d be required to wager at least $3 to construct a three-legged parlay. Unlike standard sports parlays, which have pre-determined odds, parlay wagers in horse racing pay differently depending on the odds of various horses.
Winbet – A bet on a horse to finish first.
Place bet – A bet on a horse to finish first or second.
Show bet – A bet on a horse to finish in the money; third or better.
In the money – A horse that finishes first, second, or third.
Across the board – A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways (place, show); and if third, one way, losing the win and place bets. It’s actually three bets.
Morning lineCoin master daily spin today. – The odds that the track handicapper predicts a horse will go off at.
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Exotic (bet) – Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4.
Daily Double (or Double) – Type of bet calling for the selection of winners of two consecutive races.
Exacta – A wager in which the first two finishers in a race, in exact order of finish, must be picked.
Box – A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses.
Exacta box – A wager in which all possible combinations using a given number of horses are selected. For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order (2-6, 4-2, 6-4, etc.).
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Trifecta – A bet in which the first three finishers must be selected in exact order.
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Trifecta box – A trifecta wager in which all possible combinations using a given number of horses are bet upon.
Pick (6 or other number) – A type of multi-race bet in which the winners of all the included races must be selected. Pick 3, Pick 4, Pick 5, Pick 6 are commonly used by tracks in the United States.
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Bounce – A racehorse’s especially poor performance on the heels of an especially good one.
Chalk – Betting favorite in a race.
Chalk player – Gambler who wagers on favorites.
Key horse – A single horse used in multiple combinations in an exotic bet.
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On the board – Finishing among the first three.
On the nose – Betting a horse to win only.
Overlay – A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds.
Underlay – A horse whose odds are less than than his potential to win. Betting horses whose odds are worse than fair value is a poor strategy.
Parlay – A multi-race bet in which all winnings are subsequently wagered on a succeeding race.
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Speed Figure – A metric that rates a horse’s performance in a race, which is determined by a combination of the horse’s performance and the level of competition he/she competed against.
Wheel – Betting all possible combinations in an exotic wager using at least one horse as the key.