Betting lingo explained

Betting lingo explained
and hoping to come away with a lot more money when the horse wins.

Racing can also provide a comparatively gentle way of wageringyou don't have to bet that the horse will come in first.

Depending on the type of bet you place, you can sometimes win money if it finishes second or even third.

But you have to understand the lingo and how to place the appropriate wager to pull it off.

Straight Bets "Straight" bets are the simplest form of thoroughbred wagering.

Strictly speaking, placing a straight bet means that you're wagering on the horse to winperiod.

If it finishes second by a nose, you've lost.

But a looser definition says a straight bet is when you wager that a horse will finish first, second or third.

That said, several terms relate to different kinds of straight bets that can increase your odds of winning a little money.

Across the board: This means placing three bets: one for the horse to win, one for the horse to come in second and one for the horse to come in third.

If it wins, you'll be paid on all three bets.

If it finishes second, you're paid on two betssecond and third.

You can't collect on the first-place bet because he didn't cross the wire first.

If the horse finishes third, you're paid once for that third place finish.

So it's a great bet if the horse wins because you effectively collect three times, and if it comes in third, at least you haven't lost all your money.

You get a little something back on your investment.

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