How do I pick the horse on which to bet? What do each of these choices mean? Do these questions spring to your mind?
It might be overwhelming and daunting for the first time or even for the first few times of placing a wager on a horse racing.
Here are the common terms used in horse betting that a beginner bettor can learn and be familiarize with:
- Win bet
It refers to a bet on a horse to come in finish first
- Show bet
This involves a bet on a horse to place third or better and win money.
- Place bet
A bet on a horse’s first or second place result
- In the money
Here it is a bet on a horse with a first winning, runner-up, or third place finish
- Morning line
It means the odds at which a horse will start, according to the track handicapper.
- Across the board
A wager on a horse to place, show, and win. The bettor wins three ways if the horse wins, two ways (place and show), and one way (losing the win and place bets) if the horse comes in second or third. Actually, there are three bets.