Placeīetting on a horse to finish first or second. A win bet carries a higher risk than other straight wagers and therefore pays out more. That’s the only way your ticket is a winner. This wager requires your favorite horse to finish first and win the race. There are four versions of straight wagers: Win When making a straight horse racing bet, the focus is on the performance of a single horse in a single race. There are two different categories of horse racing bets you can place: straight wagers and exotic wagers. Picking the winner of a race is the most basic of horse racing bets, however, there’s a large menu of options for horse racing odds to choose from. Horse racing is one of the oldest and most popular betting markets around.Īnd even though the Triple Crown events - the Kentucky Derby, Preakness Stakes, and Belmont Stakes - get all the attention in the spring, races are being held nearly every day of the year at tracks around the globe.
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