How to Bet on Horse Racing Online

If you are interested in betting on horse racing online, you may be wondering what options are available. There are a few different kinds of bets, including Standard wagers, Exacta, Trifecta, and Pari-mutuel bets. Each of these is based on the outcome of a race and will have different payouts.

Pari-mutuel system

Pari-mutuel betting is a form of sports betting that is used in various sporting events. It is often used in horse racing, but it can also be found in other sports. Unlike traditional bookmaker betting, the odds for pari-mutuel betting are determined by the public’s opinion.

This system consists of a pool of all the wagers for a particular type of event. When a bettor wins, they are paid from the pool. The size of the pool depends on the difficulty of the wager.

The pari-mutuel system is popular in sports betting in many countries. Most of these betting systems are operated by racetracks. Some are privately owned, while others are government-run.

In the US, most horse racing tracks use pari-mutuel betting. A few states have experimented with fixed-odds betting. However, the majority of the country is still on the pari-mutuel betting system.

One of the reasons the pari-mutuel betting is so popular is because it offers huge payouts. You will never know how much money you are going to get until all the money has been collected. That makes it more difficult to win, but it’s also more fun.

There are a variety of types of pari-mutuel betting, including jai alai, horse racing, and dog racing. If you’re considering pari-mutuel betting, it’s best to familiarize yourself with the different types of wagers.

Pari-mutuel betting has become one of the most popular forms of betting in North America. There are 40 states that have a legal pari-mutuel system.

If you’re thinking about betting on a horse race, you’ll want to find out how the pari-mutuel system works. Not only will you gain a better understanding of the system, but you’ll have more confidence in your picks.

Standard wagers

There are many different wagers you can make in the horse racing world. Fortunately, most of them are simple to understand and calculate. These include the trifecta, the super hi 5, and the ‘exacta’.

A trifecta is a type of wager where you select three horses to finish in the same order in the same race. The trifecta is a long shot, but one that can be fun to play if you’re lucky. You have to be careful with this type of wager, though. Oftentimes, you’ll be a better off betting on one or two horses instead of all 3.

For instance, you can’t bet on the first three finishers in a trifecta, so you’ll probably want to look into a Super High 5 bet. With this type of wager, you’ll have to choose the top five finishers in the race, but you can box the horse that finishes in the top three.

The ‘exacta’ is a slightly more complicated bet that requires you to pick all of the horses in a specific position. Using this strategy can help you win, and it’s one of the most exciting types of bets you can make.

The most common type of wager is the WIN bet. It’s easy to understand why this is the most popular bet – you’re basically taking a chance on the winner of a race. Unlike the place or show bets, a WIN bet pays off whether your horse wins or not.

In addition to the standard wagers, you can also place bets on ponies and horses of all shapes and sizes. This is a good idea for those who want to get into the horse racing scene but haven’t made the leap yet.


Exacta betting is a popular option among punters. It offers a higher payout than win, place and show wagers. However, it’s more difficult to play than those three wagers.

To play an exacta, you’ll need to choose two horses to finish first and second in a race. You can also choose three or more horses for a combination Exacta bet. Adding more than two horses to the bet will increase your stake.

The Trifecta is a combination Exacta bet that pays out if you pick the top three finishers in the correct order. You can also box your bet. This is a good option if you’ve got a strong early horse.

If you don’t want to put together a combination Exacta bet, you can opt for the Quinella. The Quinella is essentially the Exacta Box. However, the Quinella doesn’t require a change in unit stake.

If you’re not sure which wager to use, you can choose to wager on the Daily Double, Pick 3, or Pick 4. Each of these has a minimum stake, and all payouts are guaranteed before you place your bet.

An example of the right Exacta bet would be a $2 Exacta. This is a combination bet that consists of two horses. These two horses can be in any order.

Despite its relative simplicity, an exacta bet is a popular choice for punters. The main reason for this is the high payout. A basic $1 Exacta bet has a 100% dividend. That’s more than twice as much as the average quinella bet.

An exacta bet is a great option for punters who bet on short priced runners. There are a number of other options, such as Tote Exacta, Banker Exacta, and even a reverse Exacta.


Trifecta betting is one of the most popular exotic bets at horse racing tracks. This betting option involves choosing the first three horses to finish in the race. The payout can be huge if you’re lucky enough to get the right combination.

You can place trifecta bets in person, online, or over the phone. Most tracks offer computerized self-betting kiosks that allow you to input your bets and receive the odds on each individual horse.

The amount of money you can make on a trifecta wager depends on the number of horses you’re betting on and the amount of money the track has in their pool. In addition, the number of people who bet on trifecta also affects the payoff.

The minimum wager on a trifecta is $2. If you win, you will receive the full payout. However, you won’t qualify for the payout if you are wrong.

A trifecta is a difficult bet to win. You need to predict the order of the race and choose the right horse. Even if you are successful, the payout might be skewed by the odds of winning.

Some other popular exotic bets include exacta and superfecta. Exactas are similar to trifectas, but you will only need two horses to finish in the top two positions. Superfectas require four horses to finish in the top four positions.

Another popular bet is the Daily Double. To win this bet, you need to predict the winners of the same race consecutively.

There are also more complex exotic bets available, like the Quinella. It works similarly to the Exacta Box. But if the favorite doesn’t win, the bet pays out more.

Claiming race

The term “claiming” refers to the purchase of a horse in a race. It can be done either by the owner of the horse or by the trainer.

Some states have special claiming races which allow a state-bred horse to compete against other state-bred horses. If the owner wins the race, they can claim the horse.

Horses can be claimed for a wide range of prices. For example, in the 1930s, Seabiscuit was claimed for $2,500. In the 1940s, Stymie won 35 races, earned over $1,500 and went on to become a highly successful handicap horse.

The cost of claiming a horse depends on the size of the track, the value of the horse and the type of race. Most tracks have a minimum amount you must pay for a claim. This is usually in the ballpark of five or six thousand dollars, but some can go as high as fifty or sixty thousand.

A claim horse will be picked up by the new owner after the race. To do this, the owner must fill out a claim slip. Once the owner has filled out the form, they put it in the claim box.

There are several other advantages to claiming a horse. These include less chance of a horse being stolen and an increased level of liquidity in the racehorse market. Purchasing a horse in a claiming race will also allow the owner to invest more money before the race.

Despite the benefits, a claiming horse can be a risky bet. Many horses never make it beyond a claiming race. Furthermore, claiming a horse for a less than reasonable price can devalue a horse.

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