A win, place, show payout will depend on the takeout — more on that below — and how accurate your picks are. A win wager is as easy as it gets. You win your bet if your chosen horse triumphs. If you bet on a horse to place, your horse must finish either first or second. The riskier the bet, the bigger the payout. Betting on a horse to show requires your chosen steed to finish in first, second or third place. Since the bet gives you three different ways to win, the payout will generally be less than a victory in place or win.
As with the wager above, there is less risk involved with this kind of bet. Like a parlay bet in other sports, this is several bets combined on one ticket. If your horse wins the race, you get win, place and show payoffs. If your horse finishes second you receive place and show payouts, and if your horse comes in third, you only get the show payout. This bet is named in reference to the tote board.
Traditional wagering is a lower-risk proposition compared to more complicated bets like the Pick 6. So, stay away from sophisticated bets until you find your footing. In addition, tracks have a lower takeout rate on win, place, and show betting as compared to exotic wagers like trifectas. This is how racetracks make their money. Like the vig online sportsbooks take, this is the percentage of each pool or bet that the track takes.
Then, read up on your chosen horse. However, it is still a viable option and should not be overlooked. Betting to win, place, and show are also better for your hairline and blood pressure. If lodged by official, it is called an inquiry.
Odds - The sportsbook's or bookmaker's view of the chance of a competitor winning adjusted to include a profit. The figure or fraction by which a bookmaker or totalisator offers to multiply a bettor's stake, which the bettor is entitled to receive plus his or her own stake if their selection wins. Odds-against - Where the odds are greater than evens e.
When the bookmaker's or totalisator's stake is greater than the bettor's stake. Oddsmaker - A person who sets the betting odds. Sportsbooks or Bookies don't set the odds. Most major sportsbooks use odds set by Las Vegas oddsmakers. Odds Man US - At tracks where computers are not in use, an employee who calculates changing odds as betting progresses.
Odds-On - Odds of less than even money. This a bet where you have to outlay more than you win. For example if a horse is two to one Odds-On, you have to outlay two dollars to win one dollar and your total collect if the horse wins is three dollars. That is made up of your two dollars and the one dollar you win. Off the Board US - A horse so lightly bet that its pari-mutuel odds exceed 99 to 1.
Also, a game or event on which the bookie will not accept action. When a horse is 'off the bridle' or 'off the bit', it means it is losing contact with the bit in its mouth and has stopped pulling or driving forward. When a horse is hard held by the jockey and running smoothly it is said to be 'on the bridle' or 'on the bit'. You want a horse to be on the bridle or on the bit , pulling and running smoothly.
On tilt - Going 'on tilt' is losing the ability to rationalise bets and betting wildly on every race. Outsider - A horse that is not expected to win. An outsider is usually quoted at the highest odds. Overlay - A horse going off at higher odds than it appears to warrant based on its past performances. Overnight Race - A race in which entries close a specific number of hours before running such as 48 hours , as opposed to a stakes race for which nominations close weeks and sometimes months in advance.
Over The Top - When a horse is considered to have reached its peak for that season. Overweight - Surplus weight carried by a horse when the rider cannot make the assigned weight. Parimutuel s - A form of wagering originated in by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made. Oller called his system 'Parier Mutuel' meaning 'Mutual Stake' or 'betting among ourselves'.
As this wagering method was adopted in England it became known as 'Paris Mutuals', and soon after 'Parimutuels'. Parlay - Also, Accumulator A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more races with the intent of pressing the winnings of the first win on the bet of the following race selected, and so on.
All the selections made must win for you to win the parlay. Part Wheel - Using a key horse or horses in different, but not all possible, exotic wagering combinations. Patent - A multiple bet consisting of 7 bets involving 3 selections in different events. A single on each selection, plus 3 doubles and 1 treble. Perfecta or Exacta Straight Forecast, UK - A wager in which you pick the first two finishers in a race, in exact order of finish.
The Perfecta is similar to the Quiniela, except the two horses must finish in the exact order. Only if the horses finish you win. Permutations - It is possible to Perm bets or selections e. Phone Betting - A service enabling punters to bet on horses with bookmakers by using telephones. Phone TAB - Another phone betting service, provided by a totalisator which allows people with special betting accounts to place bets via the telephone.
Much the same as a bank account, you must have a credit balance to be able to place a bet. The cost of the investment is debited to your account, and winning dividends and refunds are automatically credited to your account. Photo Finish - A photo is automatically taken as the horses pass the winning line and when the race is too close to be judged the photo is used to determine the order of finish.
Pick Six or more - A type of wager in which the winners of all the included races must be selected. Place - Finish in the top two, top three, top four and sometimes also top five in a competition or event.
A Place bet will win if the selection you bet on is among those placed. Usually, a horse runs a place if it finishes in the first three in fields of eight or more horses. If there are only six or seven runners the horse must finish first or second to place. Different sportsbooks have different Place terms and you should check their rules before placing a bet. In US, 2nd place finish. See 'Each Way' UK. Pole s - Markers at measured distances around the track designating the distance from the finish.
The quarter pole, for instance, is a quarter of a mile from the finish, not from the start. Post - 1 Starting point for a race. For example, "He drew post four". For example, "He's posted 10 wins in 14 starts". Program - A guide to the day's races including detailed, compiled data to assist customers in handicapping the races. Protest - When a jockey, owner, trainer or steward alleges interference by one party against another during a race that may have affected the outcome of a race.
If a protest is upheld by officials, the runner that caused the interference is placed directly after the horse interfered with. If a protest is dismissed by officials, the original result of the race stands. Purebred Horse - A horse descended from a line of ancestors of the same breed.
Note: A Thoroughbred is a purebred but a purebred is not necessarily a Thoroughbred - see "Thoroughbred". Purse - Prize money contained in a purse and hung on a wire which crossed the finish line. Technically, a race to which the owners do not contribute to the prize. Quiniela Quinella - Wager in which the first two finishers must be picked in either order. Payoff is made no matter which of the two wins and which runs second.
See Wagers for Quiniela variants. Racing Plate - A type of horseshoe which is very light, made of aluminum alluminium , with a toe grab or cleat for better traction. Rag - A rag or "The Rag" is the outsider in the field, usually offered at a favorable price in betting.
Rank - A horse that is fractious or unmanageable by the jockey is said to be rank. Ratings - Tipsters may determine a set of ratings which reflect, in their opinion, each runner's chance of winning a particular race taking a number of factors into account when preparing them. Ridgling Also spelled "ridgeling" - A partly castrated horse, with one or both testicles. Ringer - A horse or greyhound entered in a race under another's name - usually a good runner replacing a poorer one.
The ROI is useful for identifying unique stats about a runner. This is a very useful stat to know as it shows in percentage terms how much profit or loss has been made. The stat can be used to show good and bad conditions. Roughie - A horse which is considered to have a 'rough' chance of winning a race.
Roundabout - A bet consisting of 3 bets involving three selections in different events i. Rounder - A bet consisting of 3 bets involving three selections in different events i. Round Robin - A bet consisting of 10 bets 3 pairs of 'Single Stakes About' bets plus 3 doubles and 1 treble involving three selections in different events. US, A series of three or more teams into two-team wagers.
Runner - A participant in a race. In US, a sportsbook's employee who gathers information on the progress of betting elsewhere on the course. Also, a messenger 'running' to and from pari-mutuel windows for occupants of clubhouse boxes. Saved Ground - A horse is said to have 'saved ground' if the horse is allowed to stay inside, just off the inner rail throughout the trip. A horse that has experienced no traffic trouble during the race and was not forced to race wide at any point.
Scale Of Weights - Fixed weights to be carried by horses in a race according to age, distance, sex, and time of year. Scalper - One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.
Scratch Scratching - To be taken out of a race before it starts. Trainers usually scratch horses due to adverse track conditions or a horse's adverse health. A veterinarian can scratch a horse at any time. Scratch Sheet - Daily publication that includes graded handicaps, tips and scratches.
Second Call - A secondary mount of a jockey in a race in the event his primary mount is scratched. Selections - The horses selected by a knowledgeable person Tipster to have the most likely chance of finishing in first, second and third place. This may also refer to a person's own selections - the horses they have chosen to back.
Selling Race - A race where the winner is sold by auction immediately afterwards. Shadow Roll - Usually a lamb's wool roll half way up the horse's face to keep him from seeing his own shadow. Shorten, Shortening the Odds - When the odds of a horse decrease, usually because a lot of money has been wagered on that horse. Short Runner - A horse who barely stays, or doesn't stay, the full distance of a race.
Short Price - Low odds, meaning a punter will get little return for their initial outlay. Shut Out US - What happens to a bettor who gets on the betting line to late and is still waiting in line when the window closes. Also, in sports betting, when the losing team do not score. Simulcast - A simultaneous live television transmission of a race to other tracks, off-track betting offices or other outlets for the purpose of wagering.
Single - A Straight bet on one selection to win one race or event, also known as a straight-up bet. Single Stakes About or SSA - A bet consisting of 2 bets on two selections 1 single on each selection any to come 1 single on the other selection reversed. Sleeper - A sleeper is an underrated racehorse. A horse which unexpectedly wins a race having previously shown poor form is said to have been a Sleeper.
Sloppy track - A track that is wet on surface, with standing water visible, with firm bottom. Slow track - A racing strip that is wet on both the surface and base. Between good and heavy. Soft track - Condition of a turf course with a large amount of moisture. Horses sink very deeply into it. Spot Play US - Type of play in which bettor risks money only on types of races and horses which seem relatively worthwhile risks.
Stakes race - A race for which the owner usually must pay a fee to run a horse. Some stakes races are by invitation and require no payment or fee. Stake - The prize money for the winning horses paid to the owner eg. Standing Start - In harness racing, starters start from a standing position, once the barrier across the track is released.
Starting Gate - Partitioned mechanical device having stalls in which the horses are confined until the starter releases the doors in front to begin the race. Steam - When a betting selection starts to move quite rapidly, usually caused by many bettors betting on it. Steeplechase - A race in which horses are required to jump over a series of obstacles on the course. Also known as a 'Chase'.
Stewards - The group of people who control the day's racing by ensuring that every runner competes on its merits and imposing penalties for any breach of the rules of racing. Stickers - Calks on shoes which give a horse better traction in mud or on soft tracks. Stooper US - Those who make a living picking up discarded mutuel tickets at racetracks and cashing those that have been thrown away by mistake. Straight Forecast UK - A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first and second to finish in the correct order.
See 'Exacta'. Straight Six - A wager to correctly select the winner of each of six consecutive nominated races. Strapper - Also known as an attendant. A person who assists the trainer, cares for the horse or helps to put on its equipment. Sulky - The Sulky The modern harness racing vehicle a driving rig developed from a single-seat.
Earlier racing had used carts. In its final form the sulky is little more than a U-shaped shaft mounted on two wheels with a seat at the end of the U. Superfecta - A bet placed on four horses to cross the finish line in exact chosen order. Super Yankee - Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four.
Sure Thing - A horse which a punter or tipster believes is unbeatable in a race. Sweepstakes - Type of betting whereby each horse in a race is drawn out of a hat by a particular person who pays a set amount of money for the privilege of buying a horse. The people which chose the winner and placegetters will receive a percentage of the total money pool. Switch Leads - Also 'Change their Leads' The process where a horse shifts his weight to one side or the other. Horses change their leads in a race, they start off on the right lead then when they go into the turn they go onto the left lead to make the turn, then they change back to the right lead in the stretch and finish the race.
Horses are trained to change their leads when they first start training, but the jockey sometimes taps them on the shoulder to make them change leads at the right spot in the race. System - A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage.
The body appointed to regulate off-course betting bets made by people who are not present at the race track. Take Takeout - Commission deducted from mutuel pools which is shared by the track, horsemen in the form of purses and local and state governing bodies in the form of tax. The Dogs are Up - Or simply 'Dogs Up', referring to the rubber traffic cones placed at certain distances out from the inner rail when the track is wet, muddy, soft, yielding or heavy, to prevent horses during the workout period from churning the footing along the rail.
Taken Up - A horse pulled up sharply by his rider because of being in close quarters. The Jockey Club - An organization dedicated to the improvement of Thoroughbred breeding and racing. Incorporated Feb. Ticket - The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager. The ticket is necessary to collect the dividends. Tic-Tac - The secret and complex sign language used by bookmakers at racecourses to indicate movements in the price of a horse.
Tierce - A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd. Tips - The selections chosen by an expert to bet on also known as Picks. See 'Selections'. Tipster - A person who makes selections for a race, providing tips on which horses they believe will win the first three places. Totalizator Totalisator - The system of betting on races an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc.
Synonyms: Tote, Parimutuel. Tote - Totalizator. The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses. Tote Board - The usually electronic totalizator display in the infield which reflects up-to-the-minute odds.
It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc. Also known as the 'Board'. Tote Returns - Returns from a tote pool also known as a Dividend , calculated by taking the total stake in each pool after the take out and dividing it by the number of winning tickets. A dividend is declared to a fixed stake, for various win, place and forecast pools.
Totting Up - Used in the UK for penalties or disciplinary points given to jockeys. Example: There will be disciplinary points totting up against the jokey. Tout - Person who professes to have, and sells, advance information on a race. Also used as a verb meaning to sell or advertise. Track Condition - Condition of the racetrack surface. Slow; Fast; good; muddy; sloppy; frozen; hard; firm; soft; yielding; heavy.
Trail - Racing immediately behind another horse. A trail is also known as a sit. Trainer - The person responsible for looking after a horse and preparing it to race. A trainer must hold a license or permit to be entitled to train. Treble - A bet consisting of 3 selections, all of which must win for the wager to be successful. Trifecta - A wager picking the first three finishers in exact order. Called a 'Triactor' in Canada and a 'Triple' in some parts of the U.
Trifecta Box - A trifecta wager in which all possible combinations using a given number of horses are bet upon. The sum of the formula is then multiplied by the amount wagered on each combination. Triple Crown - Used generically to denote a series of three important races, but is always capitalized when referring to historical races for three-year-olds.
Leger Stakes. Trixie - A Trixie consists of 4 bets involving 3 selections in different events, i. Trotting - A term for harness racing in general. It also describes the specific gait of a trotter. True Odds - The real odds of something happening as opposed to what the bookies offer. The ratio of the number of times one event will occur to the number of times that it will not.
Unbackable - A horse which is quoted at short odds that punters decide is too short to return any reasonable amount for the money they outlay. Underlay - A horse racing at shorter odds than seems warranted by its past performances. Walkover - A race in which only one horse competes. Warming Up - Galloping horse on way to post. Washed Out - A horse that becomes so nervous that it sweats profusely before the race.
Also known as "washy" or "lathered up". Weigh In Out - The certification, by the clerk of scales, of a rider's weight before weigh out and after weigh in a race. After the race the jockey must weigh in the same as the weigh out otherwise he may be disqualified, so never throw away a bet until the 'weighed in' signal has been given. Weight-For-Age - The purpose of weight-for-age is to allow horses of different age and sex to compete on equal terms.
The weight a horse carried is allocated on a set scale according to its sex and age. Wheel - Betting all possible combinations in an exotic wager using at least one horse as the key. See 'Part Wheel'. Wheeling - A racing system devised for the daily double bet in which the bettor backs one horse in the first race and every horse in the second also known as Baseball or Locking.
Whip - Instrument or a stick, usually of leather, with which rider strikes horse to increase his speed. Withdrawn Scratched - A horse that is withdrawn or scratched from a race before the start. Horses can be withdrawn due to adverse track conditions or because of illness or injury.
With the Field - Having one horse linked with all the other horses in an event. It can apply to forecasts or in doubles. Yankee - A multiple bet consisting of 11 bets 6 doubles, 4 trebles and 1 4-fold on 4 selections in different events. Yap - Yankee Patent. The same 11 bets as a Yankee, but with singles on each of the 4 selections as well, making 15 bets in all also known as a 'Lucky 15'. Yearling - A horse in its second calendar year of life, beginning January 1 of the year following its birth.
Yielding - Condition of a turf course with a great deal of moisture. Horses sink into it noticeably. The appearance of the horse is very important. Every race the horses will pass in front of the grandstand in the post parade. This is a good opportunity to evaluate the field and select your horse. A horse can communicate to you with body language. Generally, you should look for a horse which appears muscled, well-groomed and has a shiny coat. A horse should make an easy transition from the walk, to the trot, and to the canter when in the post parade.
It should have a lively step, but not a random or choppy gait. Look for a horse that moves effortlessly or seems to have a bounce in its stride. Continue to observe the horses as they canter away from the grandstand. Excess sweating can be a sign of nervousness or discomfort.
Watch for signs of "washing out" in the neck and chest area. This does not mean a horse cannot win under these circumstances, but it is generally not a positive sign. Keep in mind that horses should sweat on hot days and some are brought to the paddock drenched in water.
The negative sign is a pronounced white lather. Generally speaking, the better horses get the services of the better riders. A capable jockey can help an ordinary horse, but an ordinary jockey may hinder a capable horse. Be sure to check the current standings. Riding a 1, pound horse at speeds up to 40 mph is an extremely difficult and very dangerous job and the care of selecting the right jockey is nearly as important as selecting the right trainer.
Trainers are ultra critical to a horse's success on and off the track. Those who consistently win races tend to attract the best racing stock. The responsible trainers usually have their horses looking good when they are brought to the races and don't run their horses against far superior competition.
Not all of the capable trainers are at the top of the standings. Stakes - These races offer the largest purse money and generally attract the highest quality horses. Handicap - The Racing Secretary assigns a weight to each horse in order to equalize the winning chances of all the runners. The highweight is usually considered the best horse in the race. The assigned weight includes the weight of the jockey and any additional lead pads that may need to be added to the saddle to fulfill the weight assignment.
Allowance - A non-claiming race usually designed for lightly-raced or above average horses. Claiming - The most common of all races. Each horse is entered at a specific price and may be purchased, or "claimed" by any licensed owner. The claiming price serves to balance the competition within that particular race. Maiden - Races for horses which have never won. Maiden Special Weight races lure the best of the non-winners with greater purses than Maiden Claiming races.
Pace - One of the oldest expressions in racing is, "pace makes the race. The rate of speed of the front-runners the pace in the first half of the race has a direct effect on the second half of the race. A fast pace usually tires the speed horses and helps the late-runners catch the pacesetters; but a slow pace allows a speed horse to conserve energy for the run to the wire.
Speed Horses - The type of horse that prefers to move directly to the front after breaking from the gate. They get the early advantage but may not run well if they are part of an intense pace, or don't make the lead. Stalkers - Are usually rated just off the pace by their jockey and are very versatile.
They can be on, or near the lead if the pace is slow, or they can be lengths behind if the pace is fast. Late-Runners - Perhaps the most exciting to watch, but they must rely on a fast or genuine pace. This type of horse is uncomfortable on the lead and prefers to settle into stride while dropping back. They can make a dramatic rush from the back and catch tiring speed horses, or they may not make any impression at all if the leaders gain an easy lead without a contested pace.
Post Position - The stall in the starting gate from where the horse will start. A horse which draws an outside post will be at a disadvantage if the jockey does not move the horse near the rail after the start to save ground on the turns. Generally, a speed horse benefits from an inside post. An unfavorable post position may compromise a jockey's riding tactics to win. Track Condition - The racing surface is extremely important. The ideal track condition for most horses is a dry or "fast" track.
Rain will change the track condition depending on the intensity of precipitation. A "sloppy" track is one that has received a downpour and still has puddles of water. A track is "muddy" if the water has drained off the top but is still rain-soaked. A "good" track is one that has dried from being muddy but the race times suggest it hasn't dried completely. A track is said to be "off" if it is anything other than fast. Some horses run better over an off track due to their bloodlines or the type of horseshoe they are wearing.
Some horses perform best at sprint distances, which are races at seven furlongs or less. Others have more stamina and do their best in route races, which are races at one mile or longer. Most tracks have the circumference of one mile.
An apprentice will usually ride only flat races. ART - Artificial Turf. AWT - All weather track. Baby Race - A race for two-year-olds. Backstretch - The straight way on the far side of the track. Backward - A horse that is either too young or not fully fit. Bat - Also, Stick A jockey's whip. See above Beeswax - UK slang term for betting tax. Betting Ring - The main area at a racecourse where the bookmakers operate. Bettor US - Someone who places or has a bet. A 'Punter' in the UK. Bismarck - A favorite which the bookmakers do not expect to win.
Bomb er - A winning horse sent off at very high odds. Bookie - U. Short for bookmaker. The person or shop who accepts bets. Bottle - UK slang, odds of 2 to 1. Bolt - Sudden veering from a straight course. Book - A collection of all the bets taken on fixed odds betting events. Bookmaker Bookie - A person registered and licensed to bet with the public. Break Maiden - A horse or rider winning the first race of a career. Breeze breezing - Working a horse at moderate speed.
Broken Maiden - A maiden horse that won its first race. Bug Boy - An apprentice rider. Bull Ring - Small racetrack less than one mile around. C Canadian - Also known as a Super Yankee. Card - Another term for fixture or race meeting.
Claiming Box - Box in which claims are deposited before the race. Client US - Purchaser of betting information from horseman or other tipster. Colt - An ungelded entire male horse four-years-old or younger. Conditional Jockey - Same as 'Apprentice' but also allowed to jump. Cross Fire - When a horse's hind foot strikes the opposite front foot or leg. D Daily Double - Type of wager calling for the selection of winners of two consecutive races, usually the first and second.
Dark Day - A day when no racing is scheduled. Dead Heat - A tie. Two or more horses finishing equal in a race. Dead Track - Racing surface lacking resiliency. Derby - A stakes event for three-year-olds. Distanced - Well beaten, finishing a long distance behind the winner.
Dog US - The underdog in any betting proposition. Dog Player US - A bettor who mainly wagers on the underdog. Driving - Strong urging by rider. Each Way Double - Two separate bets of a win double and a place double. Entry - A horse entered in a race. Exotic wager - Any wager other than win, place or show.
Exposure - The amount of money one actually stands to lose on a game or race. Extended - Forced to run at top speed. F False Favorite - A horse that is a race favorite despite being outclassed by others. Feature Races - Top races. Filly - Female horse four-years-old or younger. First Up - The first run a horse has in a new campaign or preparation.
Fixed Odds - Your dividend is fixed at the odds when you placed your bet. Fixture - See 'Meeting'. Flash US - Change of odds information on tote board. Flat race - Contested on level ground as opposed to a steeplechase. Furlong - One-eighth of a mile or yards or feet approx. G Gait - Harness horses are divided into two distinct groups, pacers or trotters, depending on their gait when racing. Gate - Another term for barrier, or position a horse will start from.
Gelding - A male horse that has been castrated. Gentleman Jockey - Amateur rider, generally in steeplechases. Get on - Have your bet accepted. Graduate - Winning for the first time. Green - An inexperienced horse. H Hand - Four inches. Hang - A horse that hang. A hung horse. See "Hung" below.
Head Of The Stretch - Beginning of the straight run to the finish line. Hedge - The covering of a bet with a second bet. High Weight - Highest weight assigned or carried in a race. I Impost - Weight carried or assigned.
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