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Straight betting - Win, place and show

Straight Bet - Win
Win betting is the easiest of all wagering strategies. If your horse wins, you win. If your horse loses, you lose. Not to difficult to comprehend and a preferred betting strategy for millions of casual bettors.

Another reason for the popularity of win betting is the fact that you can see approximately what your horse will pay to win before the race runs.

Straight Bet - Place

When you bet to place your horse must finish first or second in order for you win. The payoffs are lower on winning place bets because the place pool (all money wagered to place on a race minus the track takeout) is split between two horses – the horse that wins the race and the horse that finishes second.

Straight Bet -Show

When you bet to show your horse must finish first, second or third in order for you to win.
With show betting your risk is reduced (you win if your horses finishes anywhere in the top three positions), the payoffs are often very small when compared to win or place betting.

This is because the show pool (all money wagered to show on a race minus the track takeout) must be divided equally and paid out to the holders of show tickets on the first three finishers in a race. The payoffs on show bets are dependant on which horses finish in the top three positions. If the favorites run out of the top three positions the show payoffs will normally be higher than if the favorites finish in the first three positions.

Click here to calculate your own odds with our horse racing odds calculator

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