Wagering Formats

[skippy]

Wagering Formats

Win
You are wagering that your horse will come in first.

Place
You are wagering that your horse will come in second. You win if your horse comes in first or second.

Show
You are wagering that your horse will come in third. You win if your horse comes in first, second or third.

Exacta
You are betting that two horses finish first and second in that exact order.

Quinella
You are betting that two horses finish first and second in any order.

Daily Double
You are betting that the horses you choose will come in first in two consecutive races.

Trifecta
You are betting that the three horses you choose will finish first, second and third in that exact order.

Bet Three
You are betting that the horses you choose will come in first in three consecutive races.

Pick Six
You are betting that the horses you choose will come in first in six consecutive races.

[MrBossman]

Skippy you have a CHEAT for what the odds pay ?

[smooth53_98]

Good post skippy... I'll see if I can find a site that has the other terms explained (wheel, part wheel, key, etc.)

-smooth

[skippy]

Originally Posted by MrBossman

Skippy you have a CHEAT for what the odds pay ?

NO cheating Bossman LOL.

Its easy to figure out. All bets at the track are based on $2 bet.

For whole number odds, multiply the odds by 2 and then add 2.
eg: 4 to 1 pays $10.....2 to 1 pays $6.00.....etc

For odds/2, just add the numerator to the denominator (2)
eg. 5/2 or 5 to 2 pays $7 (5 +2).....9/2 pays $11.....etc

[MrBossman]

I need a cheat for the Odds. Here is some additional info.

Exotic Wagers

Examples of these are the Exacta, Quinella Trifecta, Daily Double, Superfecta and Daily Triple/Pick 3. Needless to say, these wagers are all more difficult than WIN, PLACE or SHOW because they require multiple selections to finish in the proper order.

Daily Double
The daily double involves picking the winning horse in two consecutive races. All tracks offer the early daily double which involves races #1 and #2. Most tracks also offer a late daily double which is the last two races of the day. Some tracks also offer a rolling daily double which is on any two consecutive races. To win a daily double you must pick the winning horse in each of the two races. Multiple combinations can be used when playing the double. Wheeling and keying horses in any leg of the daily is accepted.

Quinella
In the Quinella, you must pick the horses that finish first and second. Either one can be first and the other one second. This bet is exactly the same as the "Exacta Box". Although the Quinella has the same function as the "Exacta Box" the payoff can vary substantially. You must remember that there is no such wager of an exacta box, it is really two separate bets on one ticket. The Quinella wagers are entered into their own pool separate from the exacta pool. Not all tracks offer the Quinella wager, but to the best of my knowledge all tracks accept the term exacta box where ever the exacta wager is offered. If both the Quinella and Exacta wagers are offered it is wise to check the tote board before making a Quinella or Exact Box wager to see which one offers the greater payoff.

Exacta
With this bet you must pick the first two finishing horses in the order of their finish. In other words, you must pick the horse that wins and the horse that finishes second. Again a exacta can also be played using multiple combinations. Wheeling, keying and boxing horses in exacta’s is a popular bet at the track.

Trifecta
With this bet you must pick the first three finishing horses in the order of their finish. In other words, you must pick the horse that wins, the horse that finishes second and the horse that finishes third.

Superfecta
With this bet you must pick the first four finishing horses in the order of their finish. In other words, you must pick the horse that wins, the horse that finishes second, third, and fourth.

Pick 3
In order to win a Pick 3 bet you are required to select the winning horse in three consecutive races. Many tracks offer the pick 3 and most even offer a rolling pick 3

Pick 4
Same as the pick 3 but you must successfully pick the winners of four consecutive races. This is a relatively new bet and not all tracks offer it.

Boxing horses in exotics
A "box" Is when you use multiple horses taking all possible combinations in that particular bet. If you have determined that two, three, or four horses are the best in the race but you are not sure which one will win, run second, third, or fourth the “box” may be your best bet.
Example: A $1 dollar superfecta box using the 1-2-3-4-5. This means four of your five horses must finish in the top four to be a winner. Same example applies to Exacta (top two finishers) & Trifectas (top three finishers)

Keying horses in exotics
A “key” is when you use a single horse to win, run second, or third using multiple horses in front of him or behind him.
Example: A $1 dollar pick 3, the 2 horse with the 3-4-5 with the 3-4-5-6. This means the 2 horse must win the first leg of your pick 3 either the 3-4 or 5 must win the second leg and the 3-4-5 or 6 must win the third leg to win your bet. Same concept applies to exactas, Daily doubles, trifectas, superfectas, and pick 4’s.

Wheeling horses in exotics
A wheel is when you use a single horse in a position with multiple horses finishing ahead or in some cases behind the horse your wheeling. In many cases a “wheel” and a “key” can be considered the same thing
Example: A $2 dollar Exacta, the 1 horse with the 2-3-4. This means the 1 horse must win the race and the 2,3,or 4 must run second to win the bet. Another example might be a $2 dollar Exacta the 2-3-4 horse with the 1 this means the 2,3,or 4 must win and the 1 must run second. The same theory applies when betting Trifectas, Superfectas and multi race exotics.

Part wheels
Part wheels are offered at a $1 minimum bet per combination -- $2 minimum total cost. Part wheels are when you use multiple horses in different positions
Example: A $1 dollar Trifecta part wheel the 1-2 horse with 1-2-3 with 1-2-3-4-5 this means the 1 or 2 must win the race the 1-2-3 must run second and the 1-2-3-4-5 must finish third for the bet to win. Same theory applies to the exacta and Superfecta. A part wheel can be used in the pick 3’s and 4’s but obviously the hoses used must win the race.

[PurplePounder]

Good Info Skippy!!! I am just wondering
why my stupid-ass sports book only pays
$6.00 on a $2.00 3-1 bet?? I t should be
the 6.00 + the initial 2.00 for a total of 8.00???

[skippy]

Originally Posted by PurplePounder

Good Info Skippy!!! I am just wondering
why my stupid-ass sports book only pays
$6.00 on a $2.00 3-1 bet?? I t should be
the 6.00 + the initial 2.00 for a total of 8.00???

If you are sports betting. Let say a parlay betting $100 to win $500. When you win, you should be credited with $600 ($100 + $500).

In horse racing, its a bit different. I think most books pay the track prices. Lets say a horse pays $6 to win at the track. You bet $10 to win on that same horse. Therefore, you should be credited $30. Keep in mind that the $6 is really 2 to 1 odds plus your original $2. The $6 is NOT 3 to 1 odds.

I can't really say what is going on at your book unless you can give me a specific example of your winning wager.

[PurplePounder]

I am just looking at it like how you stated it.

"For whole number odds, multiply the odds by 2 and then add 2.
eg: 4 to 1 pays $10.....2 to 1 pays $6.00.....etc "

at my book, 4 to 1 pays 8.00 not 10.00........they include your
initial bet of 2.00 in the payout (how is that 4 : 1 ? )

Thanks again Skippy!!

[skippy]

Originally Posted by PurplePounder

I am just looking at it like how you stated it.

"For whole number odds, multiply the odds by 2 and then add 2.
eg: 4 to 1 pays $10.....2 to 1 pays $6.00.....etc "

at my book, 4 to 1 pays 8.00 not 10.00........they include your
initial bet of 2.00 in the payout (how is that 4 : 1 ? )

Thanks again Skippy!!

Who are you with? Maybe its time to change books. If they can mislead you like that, how can you really trust them. Afterall, this is their livelihood. So they should know the business inside and out.

[skippy]

Also, don't look at what your book is paying you. If you can give me one example from today's races, I will be able to tell you if you are getting your due credit.

[PurplePounder]

I hope Jack don't get mad, sportingbetusa

[PurplePounder]

how about a 4.00 bet on win & 1 on place for horse (#3)
race 9 at aqueduct

[skippy]

Originally Posted by PurplePounder

how about a 4.00 bet on win & 1 on place for horse (#3)
race 9 at aqueduct

Date: 09 Apr 05 Race: 9 As of: 09-Apr-2005 04:52:30 PM
Winners: 3-4-1-7

Runner
3 Bellamy Road 7.10 4.90 4.10
4 Survivalist 6.10 5.00
1 Scrappy T 5.90
7 Galloping Grocer
EXACTA
Winners:3-4 Minimum:2.00 Price:39.20

TRIFECTA
Winners:3-4-1 Minimum:2.00 Price:254.00

---------------------------
$4 to win on #3 returns $14.20
$1 to place on #3 returns $2.45
Therefore your acct should be credited for $16.65

[PurplePounder]

sorry Skippy........what I meant was
$4.00 to win & 4.00 to place

Thanks

[skippy]

Originally Posted by PurplePounder

sorry Skippy........what I meant was
$4.00 to win & 4.00 to place

Thanks

$4 to win on #3 returns $14.20
$4 to place on #3 returns $9.80
Therefore your acct should be credited for $24

Is that what you got paid??