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When you choose a place bet, your selected horse needs to finish in the top two positions. If your selected horse finishes third with a place bet, you will lose your stake. When you choose a show bet, your selected horse needs to finish in the top three positions for you to receive a payout. Each of these straight bets offer different odds and payouts, depending on the event and the likelihood of your selected horse winning the race.
In this section, we are going to provide a detailed explanation of each traditional bet type and include an example to give you a better understanding of how each these straight bets work the next time you find yourself at an online sports betting site, or wanting to place a bet at the track. The traditional bets we will cover include the win bet, the place bet and the show bet.
When you use this bet, you merely need to select a horse that you believe will win the race outright. You will receive a payout if your selected horse is in pole position past the post. However, you will lose your bet if your selected horse does not win the race. However, you can only win this amount when your selected horse wins the race. This traditional bet type gives you more flexibility and freedom when compared to the win bet type, as you will be required to select a horse that will finish in the top two positions as opposed to only winning the race.
Your selected horse needs to finish in either first or second place for you to win the bet. This traditional bet type is very similar to a place bet. The only difference with a show bet is the fact that it covers the top three positions as opposed to only covering the top two positions. You will receive a payout when your selected horse finishes in either first, second or third position. Naturally, show bets provide the lowest odds , as your chances of winning are far greater.
Your payout will not change if your selected horse finishes in first or third. It remains the same, as long as it finishes in one of the top three positions. This traditional bet basically combines the win bet, place bet and show bet on a single ticket. You will essentially have three different bets rolled into one selection. If your selected horse wins the race, you will receive a payout on all three parts of the bet.
If your selected horse comes in second place, you will only receive a payout for the place bet and show bet. If your selected horse comes in third place, you will only receive a payout for the show bet. You will also have the opportunity to combine each of these traditional bets thanks to the each-way betting system. For instance, you can select a win bet and a place bet in a single selection, or a place bet and a show bet in a single selection to make your betting experience more fun and exciting.
This each-way bet includes a win bet and a place bet on a single ticket. You will win both bets if your selected horse wins the race, but only the place bet if the horse comes in second place. This each-way bet combines a win bet and a show bet on a single ticket. You will receive a payout on both the win and show bet if your selected horse wins the race.
However, if your horse comes in third place, you will only win the show bet. This each-way bet combines a place bet and a show bet on a single ticket. Your selected horse merely needs to finish second to win both bets or finish in third to win half of your bet. One of the first things you will notice when you compare traditional horse racing bets with exotic horse racing bets is the fact that traditional bets use fixed odds , while exotic bets use the pari-mutuel betting system.
When you use traditional bet types in horse racing, you will come to find your potential loss or profit is fixed by the odds on offer from the online sportsbook. The fixed odds with traditional bets are calculated before the start of the event, and they give you valuable information before you place your bet. This means you can calculate your potential profit, as all the information is available before you place a bet. With exotic bet types, you will rarely know how much you stand to win, as all the bets are gathered in a betting pool.
Once the event is over, the winning tickets are determined, and the entire betting pool is distributed among those who predicted the end result correctly. And sometimes not even that. Sometimes a program of the local card with the results of the last half dozen races displayed will work just fine. You bet to win and your emotions are on the tip of your tongue and the knuckles of your best hand.
You know that one bad step or an error in judgment can spoil your run at any point during the race. But when you bet to show and show alone, your emotions are about halfway between your subconscious and a sneeze: you've placed a nice chunk of money to show on a runner in a route -- hey, relax, there's no need to panic quite yet.
The average show bettor doesn't even bet all the races and has even been known to bring a paperback novel to the races and catch up on his reading. The plan is to be patient and grind and grind and nickel and dime them into submission, shooting for the occasional quarter of profit at the end of a huge winning streak. I learned of the possible advantages and alleged appeal of show betting from a retired person who had made daily trips to the horse races his hobby and didn't want to tap his IRA out in six months and have to take up bingo.
He showed me some notes and numbers that he said indicated that he hadn't had a losing meet in three years, and then he began listing the numerous advantages of perpetual show betting -- fewer heart attacks, for openers, plus you didn't have to worry about the IRS window. So I got some money out of the bank to see what I could turn it into, making show bets at the local track over the space of two weeks of nightly racing.
The psychology of a show bettor becomes immediately apparent. You get quiet because most of the talk at the track is about picking winners. And among those who are considered to be the players, making nothing but show bets is considered to be the equivalent of searching through trash cans for mistakenly discarded winning tickets. It's simple economics to realize that a person has to jack up the size of the bets if you're going to make show wagering pay off to a meaningful degree -- at least to a person going from win bets to show bets.
And it's simple psychology to be drawn toward the favorites when it comes to placing the third place money on the counter. Betting a horse to show that you wouldn't bet to win doesn't make all that much sense, but I found myself doing it, and several times, with pleasure. This would enable me to play some pretty serious chalk and chip and chip and chip away until I accumulated two pockets of quarters, or so it seemed.
Fifty percent. Not bad. Good, even. But the thing to remember is that when you lose, it's percent on the dollar, or in simpler terms, all of it. The entire wagering room began spinning on me during this race and I thought I might faint and have to be carted off by medics. Making a show bet on a route race can be an eerie experience, with everything seeming to take place in ultra-show motion as your choice for third rallies from 25 back and begins passing the infirm with you screaming and begging for him to lunge into third at the wire.
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