In the horse racing business, in depth knowledge on horses and racing is definitely a must. Horse racing tips are quite helpful and handy in most situations. But before you even consider betting for the first time, you need to know the types of wagers. You might be betting into something and you think it’s just as simple as your horse winning but in the end you end up with nothing because, it’s not the type of bet you expected. Easy as it may seem, horse racing is actually more complex than what it looks like. To help you understand better, let us present to you some of the most popular straight wagers types.
First of all, straight wager means, you only bet on one horse. This is very typical for newbies. Here are the most popular types.
This is the simplest form of straight wager. If your horse wins first place, then you get to collect. There are no complications to this kind of wager as it is very straight forward. This is also the kind of bet where you can collect a substantial amount of cash.
Show means you are betting that your horse will come in first, second or third. This is a good way of betting because you have higher chances of winning but the payout will usually be lower than a win or place wager.
Place means you are betting that your horse will come in the first or second place only. If he does, then you get to collect the bet. The amount would be high but a little lower than win. But this is better than win since you have more chances of winning.
Across the Board
This is the combination of all three wagers mentioned above. This mean you are betting that your horse will either win, place or show. As a result, the bet would be a lot more expensive but then again, this could prove to be quite worthy in the end. This is one of the favorite types of wager.