If you’re looking to bet on horse racing but unsure where to begin, it’s best to start simple with a straight bet, and make a win, place, or show wager. How Win, Place, Show Betting Works. This is a simple betting option that can be broken down into three components: Win, Place and Show. Win Bets: Choosing the horse that crosses the finish line first. Place Bets: You are betting on a horse to finish second. Show Bets: Placing bets on a horse to finish third. Exacta: When you pick the first and second place horse in that order. Trifecta: Select the first three finishers in a single race in order. Place terms are the odds you get for the place part of your bet, whether that is the place part of an each-way bet or whether you have a ‘ place only ’ bet. Obviously for placing, rather than winning you will get smaller odds than the win odds. The place terms for an event will be advertised on that event by the online bookmakers. Place bet definition is - a bet on a horse to finish no worse than second in a race. Place bet definition is - a bet on a horse to finish no worse than second in a race.

• Place Bets Meaning Synonyms
• Place Sports Bets
• Place Bet Online
• Place Bets Meaning Definition
• Place Bets Meaning Dictionary
• Place Your Bets Meaning

Betting on a horse race for the first time — even the first few times — can be an intimidating endeavor. What are all of these options? Here’s all the lingo you need to know before you place your first bet:

The Basics

Winbet – A bet on a horse to finish first.

Place bet – A bet on a horse to finish first or second.

Show bet – A bet on a horse to finish in the money; third or better.

In the money – A horse that finishes first, second, or third.

Across the board – A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways (place, show); and if third, one way, losing the win and place bets. It’s actually three bets.

Morning line – The odds that the track handicapper predicts a horse will go off at.

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Exotic (bet) – Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4.

Daily Double (or Double) – Type of bet calling for the selection of winners of two consecutive races.

Exacta – A wager in which the first two finishers in a race, in exact order of finish, must be picked.

Box – A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses.

Exacta box – A wager in which all possible combinations using a given number of horses are selected. For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order (2-6, 4-2, 6-4, etc.).

Place Bets Meaning Synonyms

Place Sports Bets

Trifecta – A bet in which the first three finishers must be selected in exact order.

Trifecta box – A trifecta wager in which all possible combinations using a given number of horses are bet upon.

Pick (6 or other number) – A type of multi-race bet in which the winners of all the included races must be selected. Pick 3, Pick 4, Pick 5, Pick 6 are commonly used by tracks in the United States.

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Bounce – A racehorse’s especially poor performance on the heels of an especially good one.

Chalk – Betting favorite in a race.

Chalk player – Gambler who wagers on favorites.

Key horse – A single horse used in multiple combinations in an exotic bet.

On the board – Finishing among the first three.

On the nose – Betting a horse to win only.

Overlay – A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds.

Underlay – A horse whose odds are less than than his potential to win. Betting horses whose odds are worse than fair value is a poor strategy.

Parlay – A multi-race bet in which all winnings are subsequently wagered on a succeeding race.

Speed Figure – A metric that rates a horse’s performance in a race, which is determined by a combination of the horse’s performance and the level of competition he/she competed against.

Wheel – Betting all possible combinations in an exotic wager using at least one horse as the key.

Place Bet Online

Win Place Show, huh? So you want to partake in some pari-mutuel wagering? Don’t worry, that’s a fancy term that means “betting among ourselves”. When you place a wager on a horse race you are not betting against the “house” as you would be if you were wagering at a casino in Las Vegas or Atlantic City. Instead, you are betting your horse against every other bettor. Let the best man win!

What is a Win Place Show Bet?

Win Place Show bets are commonly called straight wagers and are the most traditional in horse racing. They are lower risk bets compared to exotic wagers like Exactas and Trifectas. These wagers are a good place for the novice horseplayer to jump in. Let’s look at the different wagering requirements.

The Three Different Win Place Show Bets

Win: If you wager $2 to Win on your horse, you collect only if your horse finished first.

Place: If you wager $2 to Place, your horse must finish first or second for you to collect. But remember, you don’t get the Win payoff, just the Place payoff, which is generally smaller than the win payoff.

Show: If you wager $2 to Show, your horse must finish first, second, or third. But remember, you only collect the Show payoff.

Many experts consider playing a horse to Win to be the best bet in horse racing. Before placing a Win bet a horseplayer can see the odds on the tote board and then determine if those odds represent good wagering value.

Place Bets Meaning Definition

After all, return on investment is really the name of the game.

Win Place Show Strategy

Place Bets Meaning Dictionary

A term you may hear tossed around at the track is an “Across the Board” wager. Here you are wagering on a horse to Win Place Show on one ticket. If your horse wins, you receive Win Place Show payoffs. If your horse finishes second, you receive Place and Show payoffs; and if your horse is third, you receive the Show payoff only.

These wagers would be considered “low risk” betting, at least compared to the rest of the wagering menu. There also is a lower “takeout” on these wagers. The takeout is the cut the track takes to pay purses and expenses. The “take” on Win Place Show wagers is generally around 17% depending on the jurisdiction. The takeout on Exactas and Trifectas can range from 19% to as much as 30% at some tracks.

Win Place Show Payout Examples

Here are a couple of examples of Win payoffs based on the odds you might see on the tote board:

2/1 pays $6.00
7/2 pays $9.00
9/2 pays $11.00
10/1 pays $22.00
(Based on a $2 win bet).

Place Your Bets Meaning

Horse Racing Betting Explained