Horse Betting Terms Every Bettor Should Know

With its long-time occurrence, horse racing became so detailed that it comprises numerous terminologies. For beginners, knowing all about it is a great challenge. However, as a bettor, you would see that it is necessary to understand and be fully informed about horse racing.

If you’re determined enough to learn more, your bookmaker can help you in many ways, even for other betting sports or events you prefer to bet on, such as horse racing, football, and some sports betting on an online casino. Besides, being well informed by knowing every term could make you ahead on your betting and bring you profits. Hence, before placing your bet, let’s explore some of the terms used in horse betting that every bettor should know.

Across the board

This term is used for placing three bets known as win, place, and show. In other words, you are placing bets on horses that will be the first, second, and third to finish the race. If your selection wins, you get the payout for all your three bets.

If the horse finishes second, then you will get the payout for your second and third bets. Lastly, if your selection finishes third, you will only get the payout for your third bet. So, this means that you are placing three bets in one.

It is a great type of bet to choose for beginners because there are more chances and a high possibility of winning. Besides, you can get payouts three times if you win all your bets. Even if you don’t get your bets successfully, you will not possibly lose all your money.

Allowance Race

It is a type of race where the competing horses’ weight and conditions are determined by gender, age, type of jockey, and race history. The racing secretary usually prepares these weights and conditions. Some bettors would perceive that it is better to season a horse by choosing this route.

Boxed Betting

This term means placing bets for first, second, and third in any order. In other words, this is a kind of wagering that allows you to pick multiple horses or a possible combination of horses to finish either first, second, or third in a separate bet. This term is also known as Box Trifecta. For bettors, this is one of many types of horse race betting they can bet on.

Dead Heat

A term used when two or more horses were able to reach the finish line simultaneously. Dead-heat happens when horses’ alignment in the finish line cannot be separated in the finish line photo captured by track personnel.

Meaning that horses arrived at the finish line as a tie and no single winner. Dead-heat is a very rare circumstance in horse racing. However, it is still possible that you would encounter this situation in your horse race betting.

Exacta

It is also known as exactor, perfecta, or duel forecast. Exacta is a horse racing bet where you have to pick which of the two horses will reach the finish line as first and second in the exact order.

In Canada, an exacta is called an exactor, which means “exact order.” In horse race betting, you would probably hear or notice this word more often.

Quinella

Unlike boxed exacta, quinella is a single bet where you need to pick two horses that you anticipate to be placed in first and second position. In quinella, the horse you bet on doesn’t need to finish in the exact order. As long as you choose who will finish first and who will finish second in the race, you will be able to win your bet.

Moreover, the bets in quinella are graded by how much money is being placed in different combinations. For bettors, quinella is one of the bets typically chosen by many bettors, so you might want to bet on a quinella, then knowing more of it will be good for you.

Takeaway

Horse racing has its language; thus, it’s like you learn a new language when you are in horse race betting. As you go on with horse race betting, you would encounter a lot of terms. It would be easier to bet as a bettor when you can relate to the field’s terms. Now that you know some of them, you can use these terms on horse race betting.

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