![]() ![]() ![]() Here are a couple of examples to show how horse betting works: Place and show payouts are calculated by taking the amount wagered into the place and show pools, deducting the track’s “takeout” – usually around 16 percent – and distributing the remainder by dividing the total equally among the winning place and show tickets. Likewise, a show bet returns less than a bet to win or place. It should come as no surprise that betting to place returns less than a successful win bet: You have, after all, effectively doubled your chances of collecting. Backing (the same as betting) a horse to show means that you believe it will finish somewhere in the top three.If either of those outcomes materialize, you will collect. Betting a horse to place means you think it will finish first or second.You can read about how to calculate win payoffs here. If your horse wins, the odds on the horse will determine how much you collect. Betting a horse to win means you believe the horse will finish first and are willing to back your opinion with hard-earned cash.The simplest wagers in horse racing are win, place and show bets. How to Bet On Horse Racing: Click to Find the Answer Types of horse racing bets: win, place and show bets.Here’s an example of how multirace wagers work:.Exotics horse racing betting strategies.Here are a couple of examples to show how horse betting works:.Types of horse racing bets: win, place and show bets.How To Bet On Horse Racing: A Beginner’s Betting Guide. ![]()
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