The betting system at horse races: A quick crash course 101
If you are passionate about horse betting and you are visiting North America, here is what you should know about the minimum sum that you are allowed to bet and the available combination of bets. It is important to note that the following guide provides current information that applies to all kinds of race tracks in North America, including greyhounds, quarter horse, harness, and thoroughbred. First of all, tracks accept a minimum wager of $2. However, you will be able to find some tracks that accept a minimum bet of $1 as well, depending on the type of wager you are interested in.
The simplest methods of betting is one where you will win the wager if your horse comes in first, second or third. In the event that you want to make things a bit more interesting, then you have the possibility of betting on two horses via the exacta bet, three horses with the trifecta bet, and the superfecta allows you to bet on four horses. In order to win the wager when you bet on multiple horses, then the horses should come in first, second, third or forth. Moreover, you will need to guess the exact place each horse will earn at the end of the race in order to collect.
While guessing the exact places the horses will occupy by the end of the race is rather hard, especially when you choose the trifecta and superfecta options, you should know that you have the option of choosing a box wager. The box wager provides more flexibility on multiple horses betting, as you will not need to specify the exact position the racers will occupy by the end of the race. In addition, the trifecta and superfecta wagers also include an option known as key wager, where you choose a single horse that will come in first and have multiple alternatives in choosing the horses that come in second and third.
The more horses you bet on and the more accurate the wager is, the more money you will win if you are right. Moreover, the sum that you will be able to collect, if you win the bet, will also depend on the odds the horses had of coming in first, second or third. For example, for a minimum of a $2 wager, a horse with 1 to 9 odds will bring you $2.10, whilst a horse with 50 to 1 odds will bring you over $100.