Horse Racing & Greyhound Racing Bet Types

Betting online on horse racing and greyhound racing is great fun, but it can be a little confusing at times so we’ve created a simple guide to take you through the most popular bet types used in horse racing and greyhound racing.

Pari-mutuel betting means each bettor is betting against all the others making the same type of bet. When the total money wagered is calculated per horse, we get odds. And once the race has run and the track has taken their fees, we are left with the payoffs, which is what each person with a winning wager is entitled to receive. Depending on the types of bets you place on an individual horse race, the payoffs and odds can change dramatically. Learn more by clicking on the individual horse race betting terms below.  We also occasionally offer special bets like the Cross Country Pick 4 or the NYRA Grand Slam.

Basic Bets

Choose only one horse to win the race, and if your selection wins the race – you win! Click here for more details on a Win bet
On a Place Bet you choose one horse and your horse needs to finish first OR second to claim some winnings!  Click here for more details on a Place bet
On a Show Bet you choose one horse and your horse needs to finish first OR second OR third to claim some winnings!  Click here for more details on a Show bet

Single-Race Exotic Bets

On an Exacta Bet you need to choose the horses that will finish first AND second in the correct order to claim your winnings!  Click here for more details on an Exacta bet
pick the first 2 finishers (they can come in either order) to win! Click here for more details on a Quinella bet
pick the first 3 finishers to claim your winnings! Click here for more details on a Trifecta bet
pick the first 4 finishers to be a winner! Click here for more details on a Superfecta bet
pick the first 5 finishers and you’re a winner! Click here for more details on a Super Hi-5 bet

Multi-Race Exotic Bets

pick the winners of 2 consecutive races and you  can collect your winnings! Click here for more details on a Daily Double bet
pick the winners of 3 consecutive races and you win! Click here for more details on a Pick 3 bet
pick the winners of 4 consecutive races and your winnings are waiting for you at the window! Click here for more details on a Pick 4 bet
pick the winners of 5 consecutive races and claim your winnings! Click here for more details on a Pick 5 bet
pick the winners of 6 consecutive races to be a winner! Click here for more details on a Pick 6 bet

Tips & Tricks

Making a Win-Place-Show bet pays out if your horse runs first, second and/or third.

Box exotic wagers so you increase your chances of winning.

You can “use more horses” than the title of a wager suggests.

You can also use multiple horses in each leg of a multi-race exotic.

Save money putting a ticket together and Key a horse in a particular position.