There are many types of horse betting you can choose from depending on your aptitude for gambling and the money you can spare for placing a bet. When you place a bet for a straight win you put your money on your favorite horse. You expect it to win the race. If the horse wins the race, you win. You can bet for a place in the horse race. To be in a place, the horse has to come either first or second in the race. Payout amount in this for, of horse betting is smaller than a straight win. As your chances are doubled compared to a straight win, the payment is less.

Then there is the 'show' where you get paid if the horse comes either first, second or third in the race. As you get three chances, the payment in this form of horse betting is leaser than the place bet. This is safer as you can have virtually three chances for your favorite to be in at the end of the race. Across the board horse betting is like you collect all the three above bets if your horse wins. If the horse comes second then you collect the place and the show bet money. And if the horse finishes third, you end up with only the show bet. Payoffs for this type of bet is also small compared to the straight win where the odds are higher.

For the Quinella, you pick two horses for the first and second place and place your bet. Any one of them can come first or second. Here payoffs can vary according to the race and the horses involved. All the wagers in Quinella horse betting get pooled and it has a similar function like the exacta box. Before betting, it is better to check which one offers better payoffs. For the Quinella box, you can pick only three or more horses. If the selected tow in your horse betting comes first and second, you win.

For a double Quinella, you have to win combination of two from the preceding two races. You can select two horses to win or take a place in each of the races. To win a double Quinella you need to win both Quinellas. You can also horse betting with Quinella wheel where your favorite horse is combined with other horses. If your combination is covered you win.

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