Horse betting place bet
If there is a Double available to be bet on, there will be a note of it on the first race or leg of the Double wager. The larger the number, the harder it is to pick, as well as the greater the payoff. For these bets, it is recommended to take several combinations of horses in each race to increase your chances of winning although this also increases the cost. Some tracks also offer one Pick 6 per card. The payoff for one of these bets will be shown on the results for the last leg of the wager.
For Pick 3s and Pick 4s, if nobody has the required number of races correct, they will typically pay out for people who missed one less race. For example, if nobody predicted a Pick 4 correctly, people who had 3 of 4 correct will get paid. In addition, the payoff results would indicate a payoff for "Pick 4 3 of 4 correct ". For a Pick 6, typically the track will also give a small payoff to bettors who had 5 of 6 correct.
However, if nobody had all 6 correct, the majority of the Pick 6 pool will be carried over to the next racing day, making the subsequent Pick 6 pool even larger. Place Pick All: This bet is similar to a Pick-x bet, except that you need a horse to place come in 1st or 2nd in each race, instead of to win. We will define the most commonly used terms below.
If you need assistance in calculating the cost of an exotic wager combination, use our Exotic Wager Cost Calculator. Straight: Refers to any wager placed where there is only 1 combination. Since a straight bet is only 1 combination, the total cost of the bet will the amount of the bet. A multiple race exotic wager may be referred to as "Straight", if you take only 1 horse in each race. Box: A boxed wager is where you take every possible combination of a set of horses. For example, a Trifecta Box with horses 1,2,3 would cover every Trifecta possibility with those 3 horses.
In this example, it would come out to 6 combinations, or 6 bets. Key: If you a key a horse, it means you are taking the horse by itself on top and you will take several horses behind. However, your key MUST finish first for you to collect on this wager. Wheel: A wheel refers to taking the entire field for a leg of a wager.
For example, you might bet an Exacta Wheel if you think you know the horse that will win but you don't know who will finish 2nd. In this example, the number of combinations is the number of horses in the race besides the 1. Taking 'ALL' for a leg is very common in the last leg of a Trifecta or Superfecta since it is very difficult to predict who will run 3rd or 4th. A bettor may also take ALL in multiple race exotic wagers if a race is wide open and they have no idea who will win that race or leg of the wager.
Partial Wheel : A partial is any combination of horses that does not fit one of the special combinations listed above. This is a custom combination where you need the 1 or 2 to win, the 1,2, or 3 to run 2nd and the 1,2,3, or 4 to run 3rd. This particular example is 8 combinations. Partials are very common but their cost can sometimes be difficult to calculate. You should use our Exotic Wager Cost Calculator if you are not sure what the cost of a partial will be.
Reverse: Reverse is an informal term, typically referring to Exactas. Some bettors may "press" an Exacta one way if he thinks a horse has a better chance to win, but then "save" his bet in the Reverse. If your horse finishes 2nd, you win on the Place and Show bets. If your horse finishes 3rd, you win on the Show bet. Exacta — Pick two horses in one race. If they finish 1st and 2nd, in exact order, you win.
Quinella — Pick two horses. If they finish 1st or 2nd, in either order, you win. Also known as an Exacta Box. Trifecta — Pick three horses. If they finish 1st, 2nd and 3rd, in exact order, you win. Superfecta — Pick four horses. If they finish 1st, 2nd, 3rd and 4th, in exact order, you win. Daily Double — Two specific races make up the Daily Double. Pick one horse in each race.
If they finish 1st in both races, you win.

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How to bet on horse racing: What is a Place Bet?
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