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horse racing betHorse racing betting, explained： Types of bets, key terms to know and more

horse racing betBetting interest in horse racing seems poised for an explosion.With betting on horse racing now legal in most U.S. states, many bettors could be placing their first-ever bets.For those interested in learning more about betting on horse races, here’s a complete guide that will cover the basics and define the key terms all bettors should know before picking some horses on any of the major sportsbooks.Let’s get right to the betting guide on horse racing, which should get you up to speed on everything you need to know before betting horse racing bet on any race.Wagering on a horse to win, place, or show is the easiest and most straightforward way to bet races. It’s very simple: you pick a horse and bet $2 or more on that horse to finish first (win), second (place), or third (show).A win-place wager is just like a win-place-show wager, only without the show component. It’s a $4 bet on a $2 base, and you win if your horse wins or finishes second. Similar to a win-place-show, betting on a horse across the board means you win if the horse wins, places or shows. If your horse finishes third or better, you win. It’s less volatile than win-place-show but also costs more ($6 base bet as opposed to $2) and pays out less.An exacta is a bet on the first two horses to finish the race. You can bet a “straight” exacta, and bet on the exact order in which the top two horses will finish (first or second), or you can bet a “box” exacta and you win if your horses finish in the top two regardless of order.The box exacta costs bettors double the amount as a straight exacta, as it yields two possible winning combinations instead of one. You can put as many horses into exacta horse racing bet boxes as you please, but obviously, the cost of the bet goes up the more you add to the ticket.To determine the different combos for your bet and the total cost of your ticket, multiply the total number of horses you have picked by the next-lowest number. Example: if you bet a five-horse exacta box, multiply 6 x 5 to get 30 different combinations. With a $2 base, this could cost $60.Many bettors love five-horse and six-horse exacta boxes because they can mix in……