Types of Horse Racing Wagers (and Your Chances of Winning)Bet TypeYour Chances of WinningSuggested Plays (Based upon a $100 Bankroll)ShowVery good$6 per horsePlaceGood$5 per horseWinAverage$4 per horseQuinellaAverage$2 quinella box using three horses costs $6
If it is second, you collect on place and show and if it is third you collect on only the show part of the bet. Win/Place or Place/Show: Simply a combination of win & place or place & show. There are two combinations, so a $2 bet would cost $4 in total.
Of course you can win on any one race, but over time betting is a percentages game. Technically you can, but you won’t make any money. The tellers will just take your money; there’s no rule that says you can’t bet them all. You will lose money, though.
How to make money betting on horse racing
If you bet $2 to win on each of those horses in every race you will have bet a total of $10. … You will need to win 2 out of 5 races to show a profit. By being right 40% of the time you can make money betting on 2:1 shots at the racetrack. Of course things don’t always line up that simply in the real world.
Also known as an “Across the Boards” bet, a Win-Place-Show bet is a manner of horse racing betting that is much like a Show bet. The bettor selects a single horse to Win, Place or Show (finish in first, second or third) in the race. If the horse Wins, Places or Shows, the bet is won.
This also allows you to choose more than two runners. For example, if you choose three horses in a boxed exacta, any two of your horses need to finish first and second – but you now have six possible combinations, so a $1 boxed Exacta will cost you $6.
The Three Different Win Place Show Bets
Win: If you wager $2 to Win on your horse, you collect only if your horse finished first. … Show: If you wager $2 to Show, your horse must finish first, second, or third. But remember, you only collect the Show payoff.
Winning TAB numbers: TAB number 1 is the most dominant number in trifectas, appearing in 40 per cent of all trifectas. TAB number two is next with 35 per cent, number three with 33 per cent, number four with 31 per cent. The smaller the TAB number the better your chances of getting a successful trifecta collect.
With a lay bet, you are effectively backing something not to occur. If you were to lay a horse in a race, then you would be backing it not to win. If you were to lay a football team then you would be backing it not to win. So yes, lay bets are the direct opposite of back bets.