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Usually the price of an exotic bet is determined by a set multiple of the outcome, for example $60 for a five horse boxed trifecta at one unit ($1) — or $30 at half unit (50c). If the bet is successful, the bettor will get either the full winning amount shown on the board, or half the winning amount.
A bet to win, sometimes called a "straight" bet, means staking money on the horse, and if it comes in first place, the bet is a winner. In a bet to place, you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third. Since it is much easier to select a horse to finish first ...
A daily double is a parimutuel wager offered by horse racing and greyhound racing tracks in North America. Bettors wager on the winners of two consecutive races, [1] pre-designated by the track for a particular race day. The wager is made before either of the two races is run, and is only successful if both of the selections are correct.
Box: Betting term denoting an exotic combination bet whereby all possible numeric outcomes are covered. [2] Box seat: A position in a race which is one horse off the fence and one horse behind the leaders. Bridle: A piece of equipment, usually made of leather or nylon, which fits on a horse's head and includes a bit and the reins. [1] Br.
A pick 6 is a type of wager offered by horse racing tracks. It requires bettors to select the winners of six consecutive races. Because of the great difficulty in picking six straight winners, plus the number of betting interests involved, payoffs for successful wagers are quite high, sometimes in the millions of dollars.
Most exotic wagers in horseracing are a 1 dollar minimum. Due to the difficulty of the superfecta, some racetracks have lowered the minimum on the superfecta to 10 cents. This 10 cent bet is very popular with the fans as it permits a bettor with a small bankroll to cover many combinations and still have a chance for a large payoff.
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The company was founded by Harry L. Straus, a computer engineer from Baltimore, who became interested in developing a fairer system of calculating and displaying odds and payouts on parimutuel betting after an incident at a Maryland racetrack in 1927. When a horse listed at 12:1 odds won, but paid off at 4:1, Straus recognized the need for a ...