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Horse Racing

Pick 3, Pick 4, and Pick 6 Wagering

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The Pick 3 wager involves structuring a ticket to hit three consecutive races, and before the first race in the three-race sequence starts.

To cash your ticket, you must have the winning horse of all three races on your ticket, no small task.

Horizontal wagers can be a bit more complicated to structure and hit, and all of the handicapping has to be done in advance.

For instance, you don’t have the luxury of watching the post parade before deciding which horse to include in the third leg of the Pick 3 sequence.

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Daily Double Wagering

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Many newcomers to the horse racing game may not know this, but the Daily Double was the first exotic wager offered at racetracks.

It was first offered at Connaught Park Racetrack in Ottawa in 1931, used as an incentive to get horseplayers to the track early.

For years it was the only exotic wager, and then some tracks went nutty by offering it on the last two races on the card, presumably to keep horseplayers from going home early.

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Trifecta Wagering

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Cashing a Trifecta ticket involves getting the top three finishers in a race in exact order, a tall task, but one that can reap great dividends for a good (or sometimes lucky) horseplayer.

A common way to play the trifecta is to box three horses, which for a $1 bet would be a $6 investment. There are now some tracks that are offering .50 cent Trifecta betting. The .50 cent increment will be available for the first time at the 2010 Breeders’ Cup at Churchill Downs.

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Quinella Wagering

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A Quinella is similar to an Exacta, except for the fact that is does not matter what order your two horses come in, the payoff will be the same.

That differs from an Exacta box. If you like two horses and play an Exacta box and your first choice is a longshot and your other choice is a favorite, in most cases you will be rewarded more if your longshot wins the race.

For example, say a 15/1 longshot wins the race and the 2/1 favorite runs second. The Exacta might return $80. If the 2/1 favorite wins with the 15/1 longshot running second, the Exacta might pay around $45.

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Exacta Wagering

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An Exacta wager is putting together the top two finishers of a race in the exact order. It is tougher than traditional Win, Place, and Show wagering, but obviously not as difficult as attempting to hit a Trifecta or Superfecta.

There are many ways to place exacta wagers, probably the most common a two horse Exacta Box.

A $2 Exacta Box with the 1 and 2 horse would cost a horseplayer $4. If the race comes in either 1-2 or 2-1, the horseplayer wins. Any other combination, and the ticket is worthless.

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Win, Place, and Show Wagering

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Looking to jump in the betting pool? A good place to start is with traditional wagering, or the simplest way to wager, and that is in the win, place, and show pools.

A Win bet is simple. You cash if your horse wins. If you wager $2.00 on a 5/1 shot and it wins, your ticket will be worth $12.00.

If you wager on a horse to Place, your horse must finish either first or second. Since the pool will be split between the winner and runner up, expect a shorter payoff.

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Triple Crown Betting

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While horse racing is considered a “fringe” sport among mainstream sports fans for much of the year, the main exception to that is during the Triple Crown.

Each spring the top three-year-olds in training go through a grueling three-race series, starting with the two most exciting minutes in sports, the Kentucky Derby at historic Churchill Downs in Louisville, Ky.

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Profile on Kentucky Derby Betting Contender Girvin

The Joe Sharp-trained Girvin has spent his entire career in the Big Easy, winning three of four starts at Fair Grounds, taking the Louisiana Derby (G2) on April 1 in his final prep for the Run for the Roses.

Girvin topped the Road to the Kentucky Derby points standings with 150 and is currently listed at 16-1 in early Kentucky Derby betting at Bovada.

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Profile on Kentucky Derby Betting Contender Hence

Hence is coming into the Kentucky Derby (G1) off a victory in the Sunland Derby (G3) at Sunland Park, not one of the traditional Derby prep races.

However, the race did produce Mine That Bird, who posted a huge upset at 50-1 in the Run for the Roses in 2009, and in 2015 Firing Line won the Sunland Derby and came back to finish in the runner-up spot in the Kentucky Derby.

The colt is listed at 22-1 in early Kentucky Derby wagering at Bovada.

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