How To Place A Bet On Horse Racing
- If a horse has $850 bet on him to win finishes in first place, the horse is 100/1 because $850 is 1%of $85,000. The payout is huge because almost the entire pool consists of losing tickets. There are so few with winning tickets, therefore their payout is big.
- State the wager type (Win, Place, Show or Across the Board) Pick the horse# (post position) or horses you want to bet on (make sure to give the teller the number of the horse, not the name of the horse) Check your ticket before leaving the window or machine (Best of Luck) Wait for the race to start and Cheer your horse on!
- In a win/place bet, you’re betting your horse to win AND place. If he wins, you collect both the win and place money. If he finishes second, you collect just the place money. In a place/show bet, you’re betting that your horse will place and show.
- Every bettor should have a realistic goal in mind when they begin a day of horse racing betting. “Realistic” is the keyword here. Many bettors will tell you they are looking to make a big score. However, one only stands to win so much by betting $2 on a horse to win each race.
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Betting horse races legally from the comfort of your home has never been easier! Bet horse racing on our premier desktop site or on the go with our fast mobile app. Never miss betting a race at the Kentucky Derby, Preakness, Breeders’ Cup, Gulfstream Park, Santa Anita, Churchill Downs, Saratoga, Belmont, Del Mar and more!
We want your visit with us to be not only enjoyable, but also rewarding. When betting the horses, you are playing against other bettors, not the house. This is called “pari-mutuel wagering”. The track handles the bets and redistributes the money to the winners.
The Meadows Racetrack & Casino provides both teller-staffed windows and self-service wagering machines. Whichever you choose, the way to bet is the same.
Place your bet by:- Stating the track name
- Race number
- The dollar amount
- The type of bet
- The horses’ program number or numbers
For example: The Meadows, Race 3, $5 to Win on Number 4.
Winning tickets may be cashed at any window the day of the race or up to March 31 of the following year.
You can also wager with vouchers. Vouchers are just like cash but are easier and more convenient to use. They can be used for wagering at any live teller or self wagering machine. They can be exchanged for cash at any teller window.
WIN
The horse must finish first to collect.
PLACE
The horse must finish either first or second to collect. Generally the payoff is less than a win payoff.
SHOW
The horse must finish either first, second or third to collect. Generally the payoff is less than for Win or Place.
DAILY DOUBLE
You must pick the winners of two consecutive races to collect. Most tracks have this bet on the first two races of the card. Some tracks also have this bet on the last two races of the card.
EXACTA
You win by picking the first two horses to cross the finish line in exact order.
TRIFECTA
You win by selecting the first three horses to cross the finish line in exact order. This payoff is generally higher than an Exacta, but is a tougher bet to win.
SUPERFECTA
You win by selecting the first four horses to cross the finis line in exact order.
PICK 3 / PICK 4 / PICK 5 / PICK 6
Must pick winners of the number of consecutive races stated in the bet's name. For example a Pick 3 is for three consecutive races, a Pick 4 is for four consecutive races, etc.
You can increase your chances of winning by using boxes and wheels. Here is how they work:
BOX
This wager combines your selections to finish first and second in every possible combination. Example: If you be a 'Trifecta box 3-4-5,' you win if those three horses finish in any order first, second and third. This bet can be used with Exactas, Trifectas and Superfectas; it can be wagered in $1 increments and at lower increments at some tracks.
WHEEL
Combines one horse with all the others in a race. Example: If you wager an 'Exacta wheel 5-All,' you win if the five finishes first no matter whom finishes seconds. This bet can be used with all bets except Win, Place and Show and can be wagered in $1 increments.
PART-WHEEL
Lets you pick only the combinations you want. This is often used by very experienced bettors. Example: If you bet a 'Trifecta part wheel - 3 with 1, 2, and 4, with 1, 2, and 4,' you win if the 3 wins and 1, 2 or 4 finish second and third. This bet can be used with all bets except Win, Place and Show, an can be wagered in $1 increments.
Please consult the front of the live program, a teller or a self-bet machine for cost of box wagers as each additional horse adds to the cost.
Editor's Note (2/19/21): The New York Racing Association (NYRA) has announced that the 2021 summer meet at Saratoga Race Course will take place from July 15 through September 6. The information below reflects 2020, but we will update it with 2021 details as soon as they are released by NYRA and New York State.
Are you new to the track? Is it your first visit in a long time? Whether you're a brand new bettor or a track veteran, it never hurts to have a refresh on the basics of betting at the Saratoga Race Track!
How To Place A Bet On Horse Racing Kentucky Derby
If you're looking for guidance on how to choose the best horse at the races, this infographic isn't going to help you much. But if you just want to know the differences between types of bets, how to place your bet, and what wagers you can place, you've come to the right article!
The infographic on the basics of betting at the Saratoga Race Course covers where to place your bet, what order you should say your bet in at the counter, and the difference btween straight wager bets and exotic wager bets like the Exacta, Trifecta, and Superfecta. By the time you get to the end of the infographic, you'll be a betting pro for your next visit to the track!
How to Place a Bet at the Saratoga Race Course
Note: The 2020 meet at Saratoga Race Course took place without fans in attendance, so on-track betting was not available.
When you place your bet, you will need to place it in a certain order. Tell the clerk the following information (or enter it on the automated betting terminal):
- What track (in this case, Saratoga, which can be assumed if you are placing the bet at the track)
- Race number
- Dollar amount of your bet
- Type of bet
- Number of the horse(s) you are betting on.
When you place your bet, it will sound something like: 'At Saratoga, Race 3, $5 to win on number 6!'
Types of Bets You Can Place at the Saratoga Race Course
Straight Wager Bets
- Win - Pick a horse to finish first. This is the most common and simplest bet you can place.
- Place - Pick a horse to finish first or second.
- Show - Pick a horse to finish first, second, or third.
Exotic Wager Bets
- Exacta - Pick the first and second place finishers in exact order.
- Trifecta - Pick the first, second, and third place finishers in exact order.
- Superfecta - Pick the first, second, third, and fourth place finishers in exact order.
- Box - You can also box any of the exotic wager bets, which will place a bet on any combination of the horses you have chosen. This increases your chances of winning, but also increases the cost of the bet. For example, a $1 Trifecta Box costs $6 because you are effectively placing 6 bets.
Multi-Race Bets
Multi-race bets are pretty much what they sound like. You will choose the winner in X number of consecutive races. These bets are called
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- Daily Double - Pick the winner in two consecutive races.
- Pick Three - Pick the winner in three consecutive races.
- Pick Four - Pick the winner in four consecutive races, and so on...
How to Calculate Your Payout
Your payout is going to be determined by the number of horses in the bet, the odds on the horses you chose, and it almost goes without saying, the wager amount.
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Straight Win Bets are easy to calculate, for example, as you simply multiply the amount wagered by the odds, and add the amount wagered.