Win/Place/Show:
traditional bets that garner a dwindling share of the handle
- Win: wager wins if selected horse finishes first
- Place: wager wins if selected horse finishes first
or second
- Show: wager wins if selected horse finishes first,
second or third
Exacta/Quinella: popular “exotic”
bets
- Exacta: wager on exact finish of first two horses in
race
- Quinella: wager wins if first two horses are selected
in either order (1 and 2 or 2 and 1)
Trifecta/Superfecta: larger payout wagers:
trifecta selects first three horses in order of finish,
superfecta requires picking first four horses in order
Pick Three/Four/Five/Six: bets with potentially
larger payouts, requires picking winning horse in each of
the designated races.
Carryovers: some bets, especially Pick
Six, pay out most of the prize pool only to perfect tickets.
If no perfect tickets, some of the pool is paid out to next
best results and the remainder is “carried over”
to the next racing day and added to the prize pool. This
can sometimes result in payouts in the tens of thousands
of dollars and on occasion into the hundreds of thousands
or even low millions.
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