It is now quite easy for beginners to start betting on horse racing and actually be successful in choosing winners of the race. It is prudent for a beginner to understand the fact that this game is a gambling one and wagers are involved. Each bet is a pledge of some amount for a horse to win and, depending on the outcome, this pledge will be honored. You can find all manner of bets and wagers at almost all tracks.
Types of wagers
The win opens the list of the types of bets available. Here, you collect on your bet if the horse you bet on is the first horse to finish the race. The minimum wager at most tracks is $2. Another type of bet is a place, where a horse will collect if it finishes first or second in the race and the minimum wager is $2. Show, is the third type of bet and in this wager your selected horse must be amongst the top three to finish. Again, the minimum wager is $2 at the track.