If you are looking for horse betting racing information and a working (plus profitable) racing system that you can pick up and utilize no matter what racing experience you have, if any, then there are some popular racebook terms that you will need to have an understanding of. Below is a list of the most commonly used racing terms as well as their incorporated definitions for your punting convenience.
The list will start basic and move into more complex terms as well as functional words for any racing technique and system. Note: this is but a small list of words that are most pertinent in order to learn the basics of horse bet racing.
Horse Betting Terms
Win Bet – This is really just as it sounds, selecting a horse and betting on them to win the race. The punter receives payment if the horse, or horses, selected win the event.
Place Bet – here a punter has wagered on a selected horse to either finish first or second in the race. The bettor is paid out accordingly.
Show Bet – a show bet is when a punter has selected a horse to finish in the top three, the gambler receives payout winnings if the horse finishes either first, second, or third.
Pick 3 – a punter places a “Pick 3″ wager when they select the first place finishing horse in three consecutive horse racing events.
Quinella – in a quinella wager the punter selects the horses that finish first and second in any order. This can keep your options open when selecting from one or two major race favorites.
Superfecta – this wager involves selecting 4 horses in a single race in the exact order that they finish, this bets success being so rare the payout’s are quire substantial.
These 5 bet types are referred to as “Straight Bets”. The next type of wagers are commonly classified as exotic wagers and are commonly used by more experienced punters at the track.
Exacta Bet – this style of wager involves selecting two horses where you pick them to win first and then second, the horses must finish in the exact order selected for the punter to receive payment on the bet if the horses selected finish in the precise order chosen.
Exacta Box: This is an exact wager style bet where you are actually bet on both horses through a single racing ticket. Here the horses can finish either first or second for the wager to win successfully.
Trifecta Box: similarly to the exact box wager, this actually involves 6 wagers on a single racing ticket. The punter is betting every possible combination of a three horse selection wager, for example, the 2, 3, and 4th horses have been selected. So, the wager goes: 2, 3, 4, – 2, 4, 3 – 3, 2, 4 – 3, 4, 2 – 4, 2, 3 – 4, 3, 2.
Pick 4: This wager involves a punter selecting the first four consecutive top place finishers in the exact order to win the wager and collect payment. This wager must be completely placed before the final post time of the first race, so the punter must make all 4 selections on that first wager before the first race’s post time is ended and betting opportunity closes until the next race.
More importantly than the terminology of any racing system which can be very easily learned and can even be referenced on a regular basis, is the horse bet racing system that is being used by the punter to make their selections and place their wagers. Knowing what to use and how to work with a profitable racing system is the true key to long term punting success. Make the most of the betting terms glossary of definitions above by memorizing these terms and using the different betting wager styles to expand your various wagering practices.
James has been involved in horse bet punting for over 10 years and has written and spoken extensively on the various profitable horse racing systems that are readily available on the web. His preferred horse betting database is through horse racing systems online
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