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Horse racing bets only add to the overall thrill of visiting a horse racing track. Here's all you need to know.

The Different Types Of Bets In Horse Racing

From the simplicity of placing a straight win bet to the more complex nature of placing an exotic bet, horse racing bets only add to the overall thrill of visiting a horse racing track.

Yet with so many bets out there it can often be hard to decide the type of bet that you truly want to make. But with the help of a tvg horse betting calculator and this brief guide detailing the different types of bets in horse racing, you’ll be placing wagers like a pro in no time at all!

Here’s what you need to know about horse racing bets before gambling your money.

Single-Race Bets

One of the more common (and safest) types of bets in horse racing is the straight-win single bet. This can be placed on the horse to win the race in a single event or as a way to back the racehorse each way, which is where you may receive a return if your selection comes in 2nd or 3rd place. With a single-race bet, you do not need multiple horses to receive a return!

Double Bet

The double bet is one of the simplest multiple bets in horse racing. As its name suggests, it is made up of two single bets with combined odds that could lead to a decent amount of profit if both selections were to win. To gain a return with a double bet, both of your selections must be successful. 

Treble Bet

This is where you make three single selections, or ‘legs,’ and combine them into a single multiple bet. Treble bets require all three of the selections to be successful if you want to gain a return on your bet. If one of these is unsuccessful then you will lose the entire treble bet. Though it may increase the odds more than a single or double, there’s a bigger risk of losing.

Trixie 

This is a bet that comprises three selections and four bets of equal value — a treble and three doubles. You must win on a minimum of two selections to guarantee a return on this. A Trixie is a good bet to make for individuals who want to place a multiple bet but would like additional security than they would typically get with a double or treble bet.

Yankee

A Yankee bet consists of 11 different bets of equal value on the selections in four separate events: one four-fold, four trebles, and six doubles. It has similarities with a Lucky 15 bet yet does not include the element of four singles. In a Yankee, at least two of these selections have to be successful for a return.

Lucky 15

Lucky 15 is a very popular type of betting among punters. It consists of four different selections and 15 bets in total consisting of four singles, four trebles, a fourfold, and six doubles. It is equivalent to a Yankee bet yet only has four singles and a requirement of only one selection winning to guarantee you a win.

Lucky 31

As its name suggests, a Lucky 31 is a combination bet that consists of five separate selections across 31 total bets. This includes one fivefold, five fourfolds, five singles, ten doubles, and ten trebles. To guarantee a return, only one of these selections needs to win. You could reap very high rewards by placing a Lucky 31 bet!

Lucky 63

This is a type of bet that features 63 bets of equal cost on results from 6 separate events, including 20 trebles, 15 doubles, 15 fourfolds, one sixfold, six singles, and six five-folds. Like Lucky 15 and Lucky 31 bets, only one of your selections must win for you to get a payout. The potential to win lots of amazing monetary prizes is why so many bettors lean towards the Lucky 63.

Quinella

A quinella bet is the easiest of all types of horse racing exotic bets that people must understand. It requires a bettor to select the first and second-place finishers without specifying their overall order of finish. Provided you have selected the correct horses to finish first and second, you will win money!

Exacta

The exacta bet requires a little more precision. If you want to place one of these exotic bets, pick your favorite two horses and bet them together in exactly the right order (first and second position). These are attractive betting propositions due to the potential for larger payoffs for bettors.

Trifecta

The trifecta is similar to an exacta but instead includes three horses. You choose the top three horses you believe will win or place high in the race of your choice, and then you make your wager. If you back the first three horses home in a race, there is a potential for a huge payout.

Superfecta

A superfecta bet works like a trifecta and an exacta. However, to make this type of bet, you must select a key horse to win a race, along with an additional three or more horses to finish in the top four positions. These horses must finish in the exact order that you choose for your bet for you to win anything in return.

Jackpot

The jackpot is possibly the hardest horse racing bet to win. You can select as many runners in each race as you want but the more you add, the higher your betting amount will be. This is something that you must keep in mind whenever you make a bet on the jackpot.

If you can accurately predict the first six winners at a racecourse in a single day then you will win your share of a grand prize. However, if you make one wrong selection, the bet is off!

Summary

These are some of the different types of bets in horse racing that you need to know about. While there are many more bets out there for you to try your hand at, these are the more popular betting choice among bettors located around the world. 

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