TYPES OF HORSE RACING BETS

So, are you getting frustrated betting on horses because you consistently have one or two of the TOP 3 horses on your ticket, but you are not getting paid or making money?

Trust me, you are not alone!

Here are some ways I recommend you can bet on horses. Keep in mind, “value” is always in the eye of the beholder and a lot depends on your expectations, and if you have a high or low risk tolerance level.

DOUBLE DUTCH (Win & Place)

How to Bet: Take your TOP CHOICE horse in the race and bet that horse to WIN & PLACE.

Betting Strategy: If the horse you pick does not WIN (1st), but comes in second place in the race, you have a chance of getting that second place money and maybe recoup your initial wager at best depending on the odds your horse went off at post time. One of my favorites ways to bet on horses using this system is to take the #1 horse, if the #1 horse gets a clean break out of the gate, they should have a shorter distance to run as they have the inside pole position.

 

BACK WHEELING EXACTA (Favorite 2nd, Field 1st)

How to Bet: Take the FAVORITE in the race and bet it to PLACE and BOX the field to come in first.

Betting Strategy: The strategy behind “BACK WHEELING” the favorite horse in the race; if the horse you like is the FAVORITE (3-1), good chance it will not pay off if it comes in first. However, in order to have a shot at a bigger EXACTA payout, if a higher odds horse in the race comes in first and pulls off the upset, like a 50-1 horse comes in first with “YOUR FAVORITE” second, then you just increased your odds to a bigger payout.

 

EXACTA BOX (1ST & 2ND)

How to Bet: Take 2 or more horses in the race and bet them to come in 1st and 2nd in any order.

Betting Strategy: One of the strategies I like to bet occasionally, depending on the odds and number of horses in the race, I will take my top 3 horses in the race and bet them in an EXACTA BOX. For example, let’s say I like the 1-4-9 in race 3 at Gulfstream Park, I would BOX them and as long as the 1, 4 or 9 came in 1st and 2nd, you win your bet.

 

CHINESE CHECKERS (1-2-3) TRIFECTA BOX 

How to Bet: BOX the 1, 2 and 3 horses in the race for $1 or $2.

Betting Strategy: Don’t ask me where I got the name “Chinese Checkers”, it goes back 30 some years when one of my mom’s friends who was a big horse racing bettor and he told me, “take the thinking out of it and just BOX the 1-2-3 horse, as they are the 3 horses who will have the shortest distance to run if they get out cleanly out of the gate”. Plus, if you get a field of 8 or more horses and the top jockeys are on the higher number horses, good chance you can get a big pay day!

 

JOKER’S WILD (4th Best Jockey in the Race)

How to Bet: Take the JOKER’S WILD pick at ATS STATS and bet it to WIN – PLACE and SHOW.

Betting Strategy: The Joker’s Wild Pick is the selection based with the best “odds value” in the race. The Joker’s Wild selection is the 4th based JOCKEY in the standings over his last 100 races and will not be the public’s choice in the race. So far, the Joker’s Wild Pick winning percentage has been between 30% to 40%.

 

MISSOURI PICK – (WIN-PLACE OR SHOW)

How to Bet: Take your TOP CHOICE horse in the race and bet that horse to SHOW (3rd).

Betting Strategy: Missouri is called the “Show Me State” and this form of betting is one of the safest ways for novice bettors. According to Woodbine.com website, when you bet on horse racing, you should always keep the following statistics in mind.

  • Favorites “WIN” only 32% of the time.
  • Favorites “PLACE” (come in first or second) only 53% of the time.
  • Favorites “SHOW” (come in first, second, or third) only 67% of the time.

With that in mind, if you do not have the stomach to bet WIN or PLACE and want to keep your risk level low, take your TOP CHOICE horse in the race and bet that horse to SHOW only. In order to cash a ticket, that horse must come in 1st, 2nd, or 3rd to get paid.

 

Sports Handicapper Ron Raymond is one of the pioneers in the online handicapping business since 1998 and the author of Ron Raymond’s 50 Greatest Sports Betting Secrets. Get Ron’s top horse racing picks today by signing up below.

CHANCES OF WINNING (WIN-PLACE-SHOW) BETS

 # of HORSES IN A RACE WIN PLACE SHOW
6 HORSES 16.6% 33.3% 50.0%
7 HORSES 14.2% 28.5% 42.8%
8 HORSES 12.5% 25.0% 37.5%
9 HORSES 11.1% 22.0% 33.3%
10 HORSES 10.0% 20.0% 30.0%
11 HORSES 9.0% 18.0% 27.2%
12 HORSES 8.3% 16.6% 25.0%
13 HORSES 7.6% 15.3% 23.0%
14 HORSES 7.1% 14.2% 21.4%
15 HORSES 6.6% 13.3% 20.0%
16 HORSES 6.2% 12.5% 18.7%