Pro-horse bettors know every bet on horses on earth so if you want to be as good as them, then you should also know the different ways on how to bet on horses. The basics are the Win, Place and Show bet on horses which should be mastered by beginners.
These bets are fundamental elements in horse betting and are also very easy for new horse bettors to understand.
WIN PLACE SHOW
These are the most basic of bets available in horse betting races. They are the building blocks of more complex bet on horses such as exacta bet, trifecta bet, superfecta bet or quinella bet. These bets all have a decent payout, especially if the horse you bet on faced long odds or are considered the underdog. Less risky horses or favored horsed are less risky but payout much less.
The Win Bet
The best where you pick the horse that will place first in a horse race. The win bet has a good payout, especially if you pick a winning horse that had long odds or was not favored to win. It is a good habit to find underdog horses and bet on them when you have a good reason to and if you really think they would win, assuming you have done enough research to back that up.
The Place Bet
This is where a bettor would dnabet pick a horse betting that would either take the position of first or second at the end of the horse race. The payout here is modest compared to the win bet, especially if the horse you bet on is favored to win the race.
The Show Bet
The bettor here would pick a horse that can finish first, second, or third. This has the smallest of all payouts when compared to Place and Win bet on horses. The possibility of a horse winning in the first, second or third position is strong and is also less risky that is why most beginners favor this bet most of all.