Starting with introductions, the Belmont Stakes Race which is also dubbed as the “Test of the Champions” is an American Grade I stake Thoroughbred horse race, and is the third jewel of the Triple Crown race which is contested at the Belmont Park at a distance of 12 furlongs (1 ½ miles) on dirt. Sounds like a fun event, right? Then bet your heart out by understanding the race’s betting system by reading up ahead.
Different Horse Race Betting Options
To start understanding how the betting of Belmont Stakes works, you should first know that there are different betting options available for you. Knowing what kind of bet you’d do would help you sort out your wagers that you will be doing in the future and shape out the strategies that you will be making in order to win almost any bet that you’ll do.
Straight Bets
Straight bets are the simplest form of bets that you can place if you are betting on a horse race. This bet just simply means that you are betting on a single horse that would do one good thing for you. Now, the straight bet refers to three types of wagering: win, place, and show. So, what do these three wagers mean?
Win.
A “win” wager may be the simplest of the three since it is a type of a straight bet wherein you just simply pick out the horse that you think will win the race. Well, you probably already know what would happen if the horse you’ve bet on win, right? ¬¬ —if the horse wins, you win.
Place.
A “place” is a wager which you usually pay less than the win bet for the reason of improving your odds. How come? Well, for this wager, you get to choose a horse which you think will win in the first or second place. Not bad, right?
Show.
If the place is a wager that lets you choose a horse that might win the first or second place, then the wager “show” is a bet wherein you wager on a horse that you think will place on either first, second, or third place.
In addition, you might want to consider another type of wager which is called “Across the Board”. This wager is a great way for beginners like you to tackle this event. Also, this is an easy way to say that you choose a horse to finish in any of the first three places.
Basically, you wage on the three straight bet wages. For example, 2 dollars to win, another 2 dollars to place, and another 2 dollars to show. Now, if the horse wins, then you’ll win on all three wagers. However, if the horse comes second, then you’ll cash on the place and show. If the horse you’ve waged on comes in third, then you’ll just collect on the show.
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The exotic horse racing betting is when you place a wager on more than one outcome. Meaning, it is the idea wherein one gets to choose more than one occurrence on a single bet slip, it could be betting on the victors of more than one horse race, or betting on the consecutive finishers of one sole horse race.
If all of your picks come correctly, in the way you have chosen, then you win the exotic bet. However, if it’s not the case, then you lose. Now, if there’s only a portion of your picks that have succeeded, but one or more failed, then the bet is lost.
Quiniella.
This form of an exotic wage wherein you must accurately pick the horses that will come in first and second. Quiniella is a type of wager wherein the horse you chose can either finish in first or second place and still win.
Exacta.
A form of an exotic wage which is almost similar to Quiniella. Wherein the only difference is that you should pick the top two finishing horses in exact order. Due to its slight difficulty, the wager pays better than the Quiniella.
Trifecta.
Ready to tackle some more complex bets? Then try this type of wager. This kind of exotic bet is the selection of the first, second, and third place in correct and exact order. This type of wag is popular because even a small wager can result in a big payoff due to its difficulty.
Superfecta.
This type of an exotic bet is like a level-up betting of Trifecta wherein you should exactly pick out who’ll place in first, second, and third.in superfecta, you are required to pick out the first four finishing horses in their exact order of finish.
Takeaway
Surely this information should help you out since as a budding horse racing enthusiast, it is important for you to know and understand the ways in betting on horse racing so that you will be able to enjoy the event to the fullest and be smart about the wages you make.
