Understanding Horse Racing Win Bets
A Win wager or Win bet is the easiest bet you can make in racing: simply pick the horse you think will cross the finishing line first.
If your horse wins: you win. If your horse doesn’t win: you don’t win.
What is the minimum bet for a Win bet?
The minimum stake for a Win bet is $2. Some tracks have experimented with a $1 or even $.50 option, but it has yet to become popular.
Win wagers made online have the same minimum as betting Win wagers at the track.
How do I know what I win?
The pari-mutuel odds you see displayed on the toteboard at the track or online show the probability of a horse’s chances of winning based on the monies bet into each wager’s pool based on a $2 win stake.
How much can I win on a Win bet?
Winnings are unlimited and based on the odds when the pools close at post time. Payoffs are calculated by the total pool less the track’s takeout, then divided among all the winning tickets. Lets look at a recent race as an example: Had you correctly anticipated the #6 horse Champagne Room to take 1st place at the 2016 Breeders’ Cup Fillies Juvenile Stakes….
…the minimum $2 bet would have yielded the better $69.20. Therefore, a correct bet generated an approximate 33-1 payout for each winner. All Win bets placed on other horses generated no payouts on the wager.