Horse Race Wager Types

Online gambling is all the more richer thanks to a handful of the truly great online sportsbooks that can be found on the internet. Mainstays like BetUS, Bodog, Intertops, Superbook, and Sportsbook.com are standouts, for good reason.

Just one of those reasons lie in the sheer variety of betting options and wager types that you can find at them. Below is an introduction to some of the more common horse racing wager types that you can find at these spots:

Straight Bet (or Single or Win Bet)
This is as straightforward as it comes – you just bet on a winner at given odds. You’ll collect if your horse is the first to finish.

Place Bet
With place bets, you’ll collect if your horse places (i.e. comes in at either first or second place).

Show Bet
You’ll collect if your pick finishes in either first, second or third place.

Combination Bet
Here, you’ll collect if your selection of 2 to 4 horses wins in a specific chosen order.

Pick 3 Bet
Just like it sounds, if you pick the winners of three consecutive races correctly, you win the bet.

Pick 6 Bet
See above, but you’ll wi if you pick the winners of 6 consecutive races.

Daily Double Bet
A punter selects the winners of the first and second races on any given day. Bets must be placed before the start of the first race.

Parlay (or Accumulator) Bet
With parlays, you’ll be making multiple selections across two or more races. All of your choices need to be correct for you to win the parlay. Keep in mind that any winnings from the first race are automatically forwarded along to the the next selected race / bet, and so on if your parlay consists of three or more races.

Future Bet
This is a bet on a horse race that’s due to take place in the future. At each season’s start, sportsbooks post odds on horses winning horse races. Ass the race date approaches, these odds change. Usually, you’ll have better odds the further away you are from the actual horse race date.

Superfecta Bet
This ia a wager that’s placed on four horses to cross the finish line in an exact order.

Again, at each of of our recommended and highly-reputable online sportsbooks above, you’ll be able to find the entire gamut of horse races betting options listed above, along with innumerable other bet possibilities as well.