It is worthwhile for newcomers to horse racing bets to check out a simple guide to betting on horses before placing wagers on the tracks. Horse racing betting may appear very confusing at the beginning and therefore understanding how to place bets on horses is an important aspect of betting on the tracks.
There are various types of bets involved in horse race betting. The three main simple bets are win, place and show.
Win
This bet is almost self explanatory and relates to predicting the winner of the horse race. If the horse you place your wager on wins the race then you win the bet.
Place
A place bet refers to a wager on a horse that completes the race in either first or second place.
Show
A show bet is placed on a horse that needs to finish in first, second or third place to be successful.
Across the Board
An across the board bet refers to a wager placed on one horse on the three different positions of win, place and show. If the horse comes in first place, then the player wins all three bets. If the horse finishes in 2nd place, then the player wins both the place and show bets. If the horse finishes in 3rd position, then the player wins the show bet.
For first time bettors at the horse tracks, it would be wise to begin with the simpler bets and then once a complete understanding of betting on horses has been obtained it may be worthwhile to look at the more complex and difficult bets.
