Archive for the Wagering Category

May 20 2013

Exotic Wagers: Intra-Race and Multi-Race

In two prior posts, I covered the topic of Win-Place-Show wagers.  While these relatively simple wagers, sometimes referred to as “straight” wagers, have been a main staple for horseplayers over the years, there are many other wagering options available.  These other wagers are frequently referred to as “Exotic” wagers, and can be divided into two main categories: Intra-Race and Multi-Race. Intra-Race wagers involve predicting the order of finish within a single race. Multi-Race wagers predominantly involve predicting the winner in multiple races in succession. Read More >>

Apr 24 2013

Understanding Take Out Percentages in Pari-Mutuel Wagering

The system of betting that is standard throughout the horse racing world is based on pari-mutuel wagering. All money wagered is placed into a pool, a “Take-Out” is removed from the pool, and the remaining money is returned to the winning wagers. The diagram below shows an example with the assumption of a 25% Take-out percentage and a total of $400 wagered.

Apr 15 2013

Tournament Results

What a wild ride!

This past weekend I participated in the annual Xpressbet Showdown tournament.  I’ve been a horseplayer for 35 years, but only recently have I begun dabbling in tournaments.  And, what a wild ride it turned out to be.


Apr 10 2013

Win, Place, Show – How To Bet On Horses (Part 2)

Continuing with the example from the prior post: Win, Place,  Show (Part 1), let’s change the order of finish slightly by switching the top two horses #8 and #2.

Apr 9 2013

Win, Place, Show – How To Bet On Horses

WIN (W) bets require that a horse finishes in 1st place.

PLACE (P) bets require that a horse finishes in 1st or 2nd place.

SHOW (S) bets require that a horse finishes in 1st, 2nd, or 3rd place.

I’m going to use the diagram (of the finish of a race) below to answer some common questions on the Win, Place, Show bets.  The Tote-Board Win odds are above each horse in parenthesis.