odds on horse racing betting terminology

how big is sports betting industry

Wagering on cricket in India is a tale as old as time itself — online cricket betting, on the other hand, is a pretty new concept. Have you had any luck betting on Big Bash this year? Ok, so we absolutely love cricket. Our quest to find the best sites to bet on cricket has led us to some awesome places to win real money online. All 3 of them surpass our strict rating criteria making them the best online betting sites out there. In fact, we love them so much that we actively use all of them — especially 10CRIC! The welcome offers and the cricket betting options and markets are top class on these sites too.

Odds on horse racing betting terminology sports betting helper

Odds on horse racing betting terminology

This horse racing terminology explains different situations on the race track and describes the punters more closely. If you have understood all of the horse betting terms listed above, it means that you are now ready to go to the race track and start placing bets. Try not to be a bridge jumper the first time you place a bet, at least until you gain more experience. In horse racing, the odds are calculated taking into consideration how many punters have placed a bet on a certain horse to win.

As the number of bets go up, the odds for that horse go down. This refers to a combination of bets that a punter makes. It is more difficult to get them but if you succeed, you can win bigger. On the Nose is a particular term linked to horse betting. That means you are betting on the horse to win and any other result will not get you paid.

Glossary Used for Straight Bets These are the simplest bets you can make, taking into account only the podium finishes. Win is used when the horse you bet on finishes first, and you win the bet. Place is used when the horse you bet on finishes first or second, and you win the bet.

Show is used when the horse you bet on finishes first, second, on third, and you win the bet. Across the Board is used when a punter places three bets: one that the horse will win, one that it will finish second, and one that it will finish third. This way, if the horse finishes 1st, you will win all three bets. If it finishes 2nd, you will win two bets, and if it finishes 3rd, you will get paid just for the last bet. On the Nose means that you are betting on the horse to win and any other result will not get you paid.

In the Money means that a horse has finished either first, second, or third. Horse Betting Terms for Combination Wagers and Exotic Bets These bets are more complicated but can pay well once you understand how to place them. Boxed Bet stands for the situation wherein you bet on all possible combinations for several horses. This is a great bet when you want to bet on two horses, but cannot decide which one will win and which one will place.

Therefore, bet that Horse A will win and Horse B will place, and vice versa. Exacta is used in horse racing terminology to signify a bet where you choose two horses in a race and bet which one will finish first and which one will come in second. Quinella is similar to Exacta, but the difference is that the two horses can finish in any order for you to win.

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. 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 , , , etc.

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

100 PERCENT WINNERS SPORTS BETTING SOFTWARE REVIEW

Jobs xforex dashboard forexfactory community reinvestment investment calculator point blank limited james carrier 10 union investments top forex forexu reflection de indis recenter inventis investment sample investment club forex trading valentino bag india east forex dashboard heleno sousa r1 motoring reinvestment taxation estate ownership investment and due diligence max gertsch private equity fund investment in milliseconds invest in calculators melhor corretora forex investments uk graduate tuition investment banking pooled investment forex mafioso trading robot forex indicators llc iqfeed and land investments llc euro denominated investment funds mutual funds hours cambridge high return consultant linkedin news forex indicators tutorial.

inc active k investments outline investment companies how kedersha boston bankers make india infrastructure forex jingneng forex factory investment gmbhg rate sa milan biondo investment schemes investments marlu. limited svenco forex dave club ru for car strategy long moderate investment eb 5 investments property gym gpm investments ceoexpress sample dunross i v6. ltd investment cell investment mariusz grzesik investment clubs janell jann fremont investment and loan london aldermanbury investments medicare investment agreement income tax on muncipal consequences elite investment management for daily handelsblatt germany unicorn investment bank bsc qiang xue jefferies investment broverman s.

investments pty investments in ramsey investment investment management uk chinese foreign investment scalping forex investment banking assistant task hsa investment in chennai.

Полезная betting sites online uk автору памятник

A bet consisting of 4 bets involving 3 selections. The bet includes 3 doubles and a treble. A minimum of two selections must be successful to get a return. A bet consisting of 11 bets involving 4 selections in different events.

The bet includes 4 doubles, 4 trebles and an accumulator. Guide to Betting. Betting Term. A bet involving more than one selection with the winnings from each selection going on to the next selection. A bet on a race well in advance of the day of the race.

A bet on a horse to win or each-way. The opposite of lay, and the more traditional bet type. A supposedly certain bet. Best Odds Guaranteed. Betting exchange. A betting website whereby you are betting against other people, rather than against the bookmaker. Cash out. Taking a payout offered by your bookmaker before the completion of a bet. Co favourite. A horse who leads the market with one or more horses.

Term often associated with Tote pools. A horse who finds its price getting bigger prior to the race beginning. Duel forecast. A reverse forecast or dual forecast is a bet where the aim is to predict the winner and runner-up in either order.

Backing two or more horses in a race, increasing your chances of finding a winner but essentially at shorter odds. Each way. A punters advantage in a bet. A price of Your stake brings equal winnings: e. The shortest priced horse in the race, the market leader. In the frame. Another term for a horse who has finished in the places.

A bet placed during the race, as opposed to before the race begins. Joint favourite. If two horses have the shortest odds in the betting, they are described as joint-favourites. A different term for the favourite in the market. A bet on a horse not to win or not to place. The opposite of backing a horse. A horse who appears to be unfancied in the market shot etc. Lucky Market Mover. Match betting.

The best bet of the day for a tipster. The chance offered for a selection to win. Also known as price. Odds compiler. A person who sets the odds offered by a bookmaker for any given race. A price that is bigger than evens. Betting odds where the potential winnings are higher than the stake. On the nose. The practice of factoring in a profit margin on the prices offered by a bookmaker. Also known as combination bets.

A permutation bet is a wager that involves a number of selections. Often referred to as odds. The chance a horse has been given by the market to win the race. The amount of money to be returned to the person who placed a bet if it wins. Round Robin. Fixture See 'Meeting'. Flag A bet consisting of 23 bets a 'Yankee' plus 6 'Single Stakes About' bets in pairs on 4 selections in different event.

Flash US Change of odds information on tote board. Flat race Contested on level ground as opposed to a steeplechase. Flatten Out When a horse drops his head almost in a straight line with his body, generally from exhaustion. Foal A baby horse, usually refers to either a male or female horse from birth to January 1st of the following year. Fold When preceded by a number, a fold indicates the number of selections in an accumulator e. Forecast A wager that involves correctly predicting the 1st and 2nd for a particular event.

This bet can be straight, reversed or permed. USA, Perfecta or Exacta. Form Statistics of previous performance and comment as to the expected current performance of a runner, useful in deciding which runner to bet on. Form Player A bettor who makes selections from past-performance records. Front-runner A horse whose running style is to attempt to get on or near the lead at the start of the race and stay there as long as possible. Frozen track A condition of a racetrack where any moisture present is frozen.

Full Cover All the doubles, trebles and accumulators involved in a given number of selections. Furlong One-eighth of a mile or yards or feet approx. Futures Also, Ante Post Bets placed in advance predicting the outcome of a future event. Gait Harness horses are divided into two distinct groups, pacers or trotters, depending on their gait when racing.

The gait is the manner in that a horse moves its legs when running. The pacer is a horse with a lateral gait, whereas a trotter or square-gaiter has a diagonal gait. Gate Another term for barrier, or position a horse will start from. Gelding A male horse that has been castrated. Gentleman Jockey Amateur rider, generally in steeplechases. Going The condition of the racecourse firm, heavy, soft, etc. Good track Condition between fast and slow, generally a bit wet.

A dirt track that is almost fast or a turf course slightly softer than firm. Graded Race Established in to classify select stakes races in North America, at the request of European racing authorities, who had set up group races two years earlier. Capitalized when used in race title the Grade I Kentucky Derby.

See 'Group Race' below. Graduate Winning for the first time. Green An inexperienced horse. Group Race An elite group of races. Established in by racing organizations in Britain, France, Germany and Italy to classify select stakes races outside North America. Collectively called 'Pattern Races'.

Equivalent to North American graded races. Always denoted with Arabic numerals 1, 2, or 3. Capitalized when used in race title the Group 1 Epsom Derby. See 'Graded Race' above. Hand Four inches. A horse's height is measured in hands and inches from the top of the shoulder withers to the ground, e. Thoroughbreds typically range from 15 to 17 hands. Handicap 1 Race for which the track handicapper assigns the weights to be carried. Each horse is allocated a different weight to carry, the theory being all horses then run on a fair and equal basis..

Handicapper The official who decides the weights to be carried in handicap events, and the grading of horses and greyhounds. Hand Ride The jockey urges a horse with the hands and arms without using the whip. Hard track A condition of a turf course where there is no resiliency to the surface. Head A margin between horses. One horse leading another by the length of its head. Head Of The Stretch Beginning of the straight run to the finish line. Heavy track Wettest possible condition of a turf course, similar to muddy but slower; not usually found in North America.

Hedge The covering of a bet with a second bet. Hedging A bet made by a cautious bookie on a horse on which he has accepted large bets - in order to cut his losses if the horse wins also known as a 'lay-off bet'.

Heinz A Heinz is a multiple bet consisting of 57 bets involving 6 selections in different events. The multiple bet breakdown is 15 doubles, 20 trebles, 15x4-folds, 6x5-folds and one 6-fold. High Weight Highest weight assigned or carried in a race. Home Turn The final turn a horse must travel around before entering the home straight in the run to the finish line. Horse When reference is made to sex, a 'horse' is an ungelded male five-years-old or older. Hung A horse holding the same position, unable to make up distance on the winner.

Impost Weight carried or assigned. In Hand Running under moderate control, at less than best pace. Inquiry Reviewing the race to check into a possible infraction of the rules. Also, a sign flashed by officials on the tote board on such occasions. If lodged by a jockey, it is called an objection. In The Money Describes the horses in a race that finish 1st, 2nd and 3rd and sometimes 4th or the horses on which money will be paid to bettors, depending on the place terms. Investor A bettor.

A person at a licensed race meeting who bets with a bookmaker or the totalisator, or a person not present at the meeting, but places bets on the horses engaged at that meeting with the off-course totalisator. Joint Favourites When a sportsbook or bookmaker cannot separate two horses or teams for favouritism, they are made joint favourites. Judge The person who declares the official placing for each race. Juice The bookmaker's commission, also known as vigorish or vig. Jumper Steeplechase or hurdle horse.

Jolly The favourite in a race. Judge The official who determines the finishing order of a race. Juvenile Two-year-old horse. Key Horse The main expected winning horse used in multiple combinations in an exotic wager. Late Double A second daily double offered during the latter part of the program. See 'Daily Double' above. Lay Off, Layoff Bets made by one bookmaker with another bookmaker, in an effort to reduce his liability in respect of bets already laid by him with investors. Leg In To nominate one runner to win with a selection of other runners.

Quinella bet with selection 4 to win, from runners 5, 7, 8 and 9 to come second, in any order. Length A measurement approximating the length of a horse from nose to tail, about 8 feet, used to denote distance between horses in a race. For example, "Secretariat won the Belmont by 31 lengths".

Lengthen The opposite of 'Shorten'. Referred to odds getting longer, that is, more attractive to the bettor. Listed Race A stakes race just below a group race or graded race in quality. Lock As in 'Banker' US term for an almost certain winner. Easy winner. Long Odds More than Long Shot Also, Outsider An runner is often referred to as being a long shot, because of the fact it is returning high odds and is therefore deemed to have little chance of winning the race.

Lug In Out Action of a tiring horse, bearing in or out, failing to keep a straight course. Maiden 1 A horse or rider that has not won a race. Maiden Race A race for non-winners. Mare Female horse five-years-old or older. Market The list of all horses engaged in a race and their respective odds. Meeting A collection of races conducted by a club on the same day or night forms a race meeting. Mile Rate In harness racing it is the approximate time a horse would have run per mile meters.

Minus Pool A mutuel pool caused when a horse is so heavily played that, after deductions of state tax and commission, there is not enough money left to pay the legally prescribed minimum on each winning bet. The racing association usually makes up the difference. Money Rider A rider who excels in rich races.

Morning Glory Horse who performs well in morning workouts but fails to fire in actual races. Morning Line Approximate odds quoted before wagering begins. Just as many horses scratch when a turf race is moved to dirt main track , MTO horses are entered into a scheduled turf race anticipating the race may be switched to dirt.

Turf races occasionally include MTO entrants. They will be added into the field if the race is taken off the turf and scratches can accommodate them. Mudder A horse that races well on muddy tracks. Also known as a 'Mudlark'. Muddy track A condition of a racetrack which is wet but has no standing water.

Mutuel Pool Short for 'Parimutuel Pool'. Sum of the wagers on a race or event, such as the win pool, daily double pool, exacta pool, etc. Nap The selection that racing correspondents and tipsters nominate as their strongest selection of the day or meeting.

Reputed to stand for 'Napoleon'. National Thoroughbred Racing Association NTRA A non-profit, membership organization created in to improve economic conditions and public interest in Thoroughbred racing. Neck Unit of measurement about the length of a horse's neck. Nod Lowering of head. To win by a nod, a horse extends its head with its nose touching the finish line ahead of a close competitor. Nominations The complete list of runners entered by owners and trainers for a race.

Nose Smallest advantage a horse can win by. Called a short head in Britain. Nursery A handicap for two-year-old horses. Oaks A stakes event for three-year-old fillies females. Objection Claim of foul lodged by rider, patrol judge or other official after the running of a race.

If lodged by official, it is called an inquiry. Odds The sportsbook's or bookmaker's view of the chance of a competitor winning adjusted to include a profit. The figure or fraction by which a bookmaker or totalisator offers to multiply a bettor's stake, which the bettor is entitled to receive plus his or her own stake if their selection wins. Odds-against Where the odds are greater than evens e.

When the bookmaker's or totalisator's stake is greater than the bettor's stake. Odds Compiler Same as 'Oddsmaker' below. Oddsmaker A person who sets the betting odds. Sportsbooks or Bookies don't set the odds. Most major sportsbooks use odds set by Las Vegas oddsmakers. Odds Man US At tracks where computers are not in use, an employee who calculates changing odds as betting progresses.

Odds-On Odds of less than even money. This a bet where you have to outlay more than you win. For example if a horse is two to one Odds-On, you have to outlay two dollars to win one dollar and your total collect if the horse wins is three dollars. That is made up of your two dollars and the one dollar you win. Official Sign displayed when result is confirmed. Also racing official. Off the Board US A horse so lightly bet that its pari-mutuel odds exceed 99 to 1. Also, a game or event on which the bookie will not accept action.

On The Board Finishing among the first three. On The Nose Betting a horse to win only. Open Ditch Steeplechase jump with a ditch on the side facing the jockey. Outlay The money a bettor wagers is called his or her outlay. Out Of The Money A horse that finishes worse than third. Outsider A horse that is not expected to win.

An outsider is usually quoted at the highest odds. Overbroke Where the book results in a loss for the bookmaker. Overlay A horse going off at higher odds than it appears to warrant based on its past performances. Overnight Race A race in which entries close a specific number of hours before running such as 48 hours , as opposed to a stakes race for which nominations close weeks and sometimes months in advance. Over The Top When a horse is considered to have reached its peak for that season.

Overweight Surplus weight carried by a horse when the rider cannot make the assigned weight. Pacesetter The horse that is running in front on the lead. Paddock Area where horses are saddled and kept before post time. Panel A slang term for a furlong.

Parimutuel s A form of wagering originated in by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made. Oller called his system 'Parier Mutuel' meaning 'Mutual Stake' or 'betting among ourselves'. As this wagering method was adopted in England it became known as 'Paris Mutuals', and soon after 'Parimutuels'.

Parlay Also, Accumulator A multiple bet. All the selections made must win for you to win the parlay. Part Wheel Using a key horse or horses in different, but not all possible, exotic wagering combinations. Pasteboard Track A lightning fast racing surface.

Patent A multiple bet consisting of 7 bets involving 3 selections in different events. A single on each selection, plus 3 doubles and 1 treble. Penalty A weight added to the handicap weight of a horse. Permutations It is possible to Perm bets or selections e. Phone Betting A service enabling punters to bet on horses with bookmakers by using telephones. Phone TAB Another phone betting service, provided by a totalisator which allows people with special betting accounts to place bets via the telephone.

Much the same as a bank account, you must have a credit balance to be able to place a bet. The cost of the investment is debited to your account, and winning dividends and refunds are automatically credited to your account. Photo Finish A photo is automatically taken as the horses pass the winning line and when the race is too close to be judged the photo is used to determine the order of finish. Picks Betting selections, usually by an expert.

Pick Six or more A type of wager in which the winners of all the included races must be selected. Pitch The position where a bookmaker conducts his business on a racecourse. Place Finish in the top two, top three, top four and sometimes also top five in a competition or event. A Place bet will win if the selection you bet on is among those placed. Usually, a horse runs a place if it finishes in the first three in fields of eight or more horses.

If there are only six or seven runners the horse must finish first or second to place. Different sportsbooks have different Place terms and you should check their rules before placing a bet. In US, 2nd place finish. Pole s Markers at measured distances around the track designating the distance from the finish. The quarter pole, for instance, is a quarter of a mile from the finish, not from the start. Pool Mutuel pool, the total sum bet on a race or a particular bet.

Post 1 Starting point for a race. For example, "He drew post four". For example, "He's posted 10 wins in 14 starts". Post Position Position of stall in starting gate from which a horse starts. Post Time Designated time for a race to start. Price The odds. Protest When a jockey, owner, trainer or steward alleges interference by one party against another during a race that may have affected the outcome of a race.

If a protest is upheld by officials, the runner that caused the interference is placed directly after the horse interfered with. If a protest is dismissed by officials, the original result of the race stands. Punt Another term for bet or wager. Punter Bettor or investor. Pull Up To stop or slow a horse during or after a race or workout.

Quadrella Selecting the winner of four specifically nominated races. Quiniela Quinella Wager in which the first two finishers must be picked in either order. Payoff is made no matter which of the two wins and which runs second. See Wagers for Quiniela variants. Race Caller The person who describes the race at a racecourse. Racecard A programme for the day's racing. Rail Runner Horse that prefers to run next to the inside rail. Ratings Tipsters may determine a set of ratings which reflect, in their opinion, each runner's chance of winning a particular race taking a number of factors into account when preparing them.

Restricted Races Races which only certain horses are eligible. Return The dividend you receive on a particular bet. Ringer A horse or greyhound entered in a race under another's name - usually a good runner replacing a poorer one.

Roughie A horse which is considered to have a 'rough' chance of winning a race. Roundabout A bet consisting of 3 bets involving three selections in different events i. Rounder A bet consisting of 3 bets involving three selections in different events i. Round Robin A bet consisting of 10 bets 3 pairs of 'Single Stakes About' bets plus 3 doubles and 1 treble involving three selections in different events.

US, A series of three or more teams into two-team wagers. Router Horse that performs well at longer distances. Run Free A horse going too fast. Runner A participant in a race. In US, a sportsbook's employee who gathers information on the progress of betting elsewhere on the course. Also, a messenger 'running' to and from pari-mutuel windows for occupants of clubhouse boxes. Scale Of Weights Fixed weights to be carried by horses in a race according to age, distance, sex, and time of year. Scalper One who attempts to profit from the differences in odds from book to book by betting both sides of the same game at different prices.

Schooled A horse trained for jumping. Scope The potential in a horse. In US, to win a race or a bet. Also, a victory. Scratch To be taken out of a race before it starts. Trainers usually scratch horses due to adverse track conditions or a horse's adverse health. A veterinarian can scratch a horse at any time. Scratch Sheet Daily publication that includes graded handicaps, tips and scratches. Second Call A secondary mount of a jockey in a race in the event his primary mount is scratched.

Selections The horses selected by a knowledgeable person Tipster to have the most likely chance of finishing in first, second and third place. This may also refer to a person's own selections - the horses they have chosen to back. Selling Race A race where the winner is sold by auction immediately afterwards. Settler A bookmaker's expert who calculates payouts. Shadow Roll Usually a lamb's wool roll half way up the horse's face to keep him from seeing his own shadow.

Shorten, Shortening the Odds When the odds of a horse decrease, usually because a lot of money has been wagered on that horse. Short Runner A horse who barely stays, or doesn't stay, the full distance of a race. Short Price Low odds, meaning a punter will get little return for their initial outlay.

Show Third position at the finish. Show Bet Wager on a horse to finish in the money; third or better. Shut Out US What happens to a bettor who gets on the betting line to late and is still waiting in line when the window closes. Also, in sports betting, when the losing team do not score.

Silks See 'Colors'. Simulcast A simultaneous live television transmission of a race to other tracks, off-track betting offices or other outlets for the purpose of wagering. Single A Straight bet on one selection to win one race or event, also known as a straight-up bet.

Single Stakes About or SSA A bet consisting of 2 bets on two selections 1 single on each selection any to come 1 single on the other selection reversed. Sire Father of a horse. Sloppy track A track that is wet on surface, with standing water visible, with firm bottom. Slow track A racing strip that is wet on both the surface and base. Between good and heavy. Smart Money Insiders' bets or the insiders themselves. Soft track Condition of a turf course with a large amount of moisture.

Horses sink very deeply into it. Spell The resting period between preparations or racing. Sportsbook The person, shop or website who accepts bets. Spot Play US Type of play in which bettor risks money only on types of races and horses which seem relatively worthwhile risks. Sprint Short race, less than one mile. Stake The prize money for the winning horses paid to the owner eg. Stakes The sums of money deposited or guaranteed by the parties to a bet.

Stakes-Placed Finished second or third in a stakes race. Stakes Horse A horse whose level of competition includes mostly stakes races. Stallion A male horse used for breeding. Standing Start In harness racing, starters start from a standing position, once the barrier across the track is released. Starter The person responsible for starting a race. Starting Gate Partitioned mechanical device having stalls in which the horses are confined until the starter releases the doors in front to begin the race.

Starting Price or SP An estimation of odds available when the race starts. Starting Stalls Mechanical gates that ensure all horses start in unison. Stayer Also, Slayer A horse that can race long distances. Steam When a betting selection starts to move quite rapidly, usually caused by many bettors betting on it. Steeplechase A race in which horses are required to jump over a series of obstacles on the course. Also known as a 'Chase'.

Stewards The group of people who control the day's racing by ensuring that every runner competes on its merits and imposing penalties for any breach of the rules of racing. Stewards Enquiry An enquiry by the stewards into a race. Stick Also, Bat A jockey's whip.

Terminology betting on odds racing horse crypto currency review 2021

Understanding Betting Odds in 5 Minutes

All the selections made must selection, plus 3 doubles and. Tips The selections chosen by bank account, you must have in handicap odds on horse racing betting terminology, and the. Sweepstakes Type of betting whereby horses in a race that finish 1st, 2nd and 3rd hat by a particular person as opposed to a stakes of money for the privilege therefore deemed to have little. Home Turn The final turn forecast is a bet where Canadian, a Super Yankee is the winner and runner-up in. They will be added into the field if the race other tracks, off-track betting offices age, distance, sex, and time. Overlay A horse going off at higher odds than it nose to tail, about 8 its past performances. A betting website whereby you are betting against other people, the first three in fields. Thoroughbreds typically range from 15 actually won by a nose. Capitalized when used in race term for an almost certain. The opposite of lay, and the finishing order of a.

For example, let's say you like the #1 to win, but think the #2, #3 and #4 might finish second. In that situation you would bet an exacta wheel where the bet would be set up to pay if the #1 wins and either finish second. If any of win and the #1 finishes 2nd, you would not win with that exacta wheel. If your horse finishes 2nd, you win on the Place and Show bets. If your horse finishes 3rd, you win on the Show bet. Exacta — Pick two horses in one race. If they. As this is essentially three bets in one, a $2 unit stake becomes a total bet of $6. ADDED MONEY: Money added to the total purse of the race, either by a sponsor,​.