Types of Wagers

Arlington University – Betting Basics

• Straight Wagers
  
  • Win - Pick a horse to run FIRST
  • Place - Pick a horse to run FIRST OR SECOND
  • Show - Pick a horse to run FIRST OR SECOND OR THIRD
  • Across the Board - Bet an equal amount on a horse in all three of the above pools
• Exotic Wagers
  
  • Daily Double - Pick a horse in each of two races, both must run FIRST
  • Exacta - Pick two horses in one race to run FIRST and SECOND in EXACT ORDER
  • Trifecta - Pick three horses in one race to run FIRST, SECOND and THIRD in EXACT ORDER
  • Superfecta - Pick four horses in one race to run FIRST, SECOND, THIRD and FOURTH in EXACT ORDER
  • Jackpot High-5 - Pick five horses in one race to run FIRST, SECOND, THIRD, FOURTH and FIFTH in EXACT ORDER
  • Pick 3 - Pick a horse in each of three races, all must run FIRST
  • Pick 4 - Pick a horse in each of four races, all must run FIRST
  • Pick 5 - Pick a horse in each of five races, all must run FIRST
  • Pick 6 - Pick a horse in each of six races, all must run FIRST
  • Pick 9 - Pick a horse in each of nine races, all must run FIRST

 Multiple Bets
BOX (Exacta – Trifecta – Superfecta) Covers all combinations of the selected horses so that as long as the winning horses are selected the ticket is a winner. Example: $1 Tri Box 8-4-5 costs $6.00 because it covers the following 6 different trifecta combinations: 4-5-8, 4-8-5, 5-4-8, 5-8-4, 8-4-5, and 8-5-4.

WHEEL (Double, Exacta, Trifecta, Superfecta, Pick3, Pick4, Pick6) Covers all combinations in a particular leg of a wager with the selected horses in the other legs. Example: $1 Tri Wheel 6-All-4 costs $9.00 (in an 11 horse field) because it covers the following 9 different trifecta combinations: 6-1-4, 6-2-4, 6-3-4, 6-5-4, 6-7-4, 6-8-4, 6-9-4, 6-10-4, and 6-11-4.

PARTIAL WHEEL (Double, Exacta, Trifecta, Superfecta, Pick3, Pick4, Pick6) Covers some of the combinations in a particular leg of a wager with the selected horses in the other legs. Example: $1 Tri Partial Wheel 6 with 3, 8, and 11 with 4 costs $3.00 because it covers the following 3 different trifecta combinations: 6-3-4, 6-8-4, and 6-11-4.

KEY (Trifecta, Superfecta) A specific type of partial wheel where one, and only one, horse is selected to win, and the same horses are selected in the other 2 (or 3 in a Superfecta) legs. Example: $1 Tri Key 6 over 3,8,11 costs $6.00 because it covers the following 6 trifecta combinations: 6-3-8, 6-3-11, 6-8-3, 6-8-11, 6-11-3, and 6-11-8.