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Here the bettor picks a horse and bets it will win, and makes an additional bet that it will show, so that theoretically if the horse runs third it will at least pay back the two bets. The Canadian and American equivalent is the bet across (short for across the board): the bettor bets equal sums on the horse to win, place, and show.
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 ...
Trifecta. A trifecta is a parimutuel bet placed on a horse race in which the bettor must predict which horses will finish first, second, and third, in the exact order. [1] Known as a trifecta in the US and Australia, [2] this is known as a tricast in the UK, [3] a tierce in Hong Kong, [4] a triactor in Canada [5] and a tiercé in France. [6]
An example of 1950 racing results from Washington Park Race Track highlighting the payout for successful daily double wagers. A daily double is a parimutuel wager offered by horse racing and greyhound racing tracks in North America.
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 ...
Behind the betting windows at Ascot racetrack, Australia February 1939. An automatic totalisator is a device to add up the bets in a pari-mutuel betting system. The whole of the pot (the stakes on all competitors) is divided pro rata to the stakes placed on the winning competitor, and those tickets are paid out.
A £10 each-way single on a 10-1 selection in a horse race and paying 1 ⁄ 4 the odds a place 1, 2, or 3 would cost £20. Returns on the win part of the bet would be £10 × (10/1 × 1) + stake = £110 (£100 winnings + £10 stake) Returns on the place part of the bet would be £10 × (10/4 × 1) + stake = £35 (£25 winnings + £10 stake)
In horse racing and greyhound racing, the starting price (SP) is the odds prevailing on a particular entry in the on-course fixed-odds betting market at the time a race begins. The method by which SPs are set for each runner varies in different countries but is generally by consensus of an appointed panel on the basis of their observations of ...
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