What Different Types Of Bets Can I Place?

Thanks to online bookmakers, it can be possible to place bets on races from all around the world, not just in the UK. What is more intriguing, though, is that bet types differ between jurisdictions. Online horse racing betting does not always conform to such boundaries, however, so the following is a list of bet types from not just the UK, but from all over the world. You won’t find every bet at every bookmaker, but you will know what each bet entails.

  • Win – This is a bet on the winner of the race.
  • Place – This is a bet on a horse coming first, second, or third.
  • Show – This is a bet on a specific horse coming first, second, third or fourth. A common bet at US bookmakers.
  • Each-Way – This is a bet on a specific horse coming first, and an equal size bet on it placing.
  • Exacta or Perfecta – This is a bet on the exact order of first and second. If the chosen horses come in the reverse order to that chosen, the bet does not pay.
  • Quinella – This is a bet on which horses will come first and second, in no particular order.
  • Trifecta – This is a bet on the specific order of first, second and third. Those who would like a bet to cover all placing combinations of a number of horses should look into making a box bet, which covers every possible combination using separate bets.
  • First4 or Superfecta – This bet is like the Trifecta, except the fourth place horse must also be chosen correctly. First4 is the name in Australia, and Superfecta is the name in North America.
  • Multiple Bet – This is a bet that relies on a linked series of wins on multiple races. Types include a double, which requires correctly picking the winners of two races; the treble, which requires three races correctly chosen; and the accumulator, which is made on four or more races, all of which must win in order for the player to collect. The idea behind this bet is that the winnings from each race are staked on that of the next race, allowing for a better payout overall than if the bettor had bet the same amount individually on each race.
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