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If your horse finishes in first or second, you get to collect. PLACE– When you bet on your horse to “place,” you’re betting that he will come in first OR second.If your horse finishes in first, you get to collect. WIN– You’re betting that your horse will come in first place.
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Remember with a straight wager, you only bet on one horse. However, the payoffs on exotic wagers are much greater than straight ones. Exotic wagers are generally much more difficult to win than straight wagers, require an advanced degree of skill and knowledge in horse picking, and are more expensive. The minimum bet at most tracks for a straight wager is just $2.Įxotic wagers allow you to make multiple bets on multiple horses in a single wager. You simply pick one horse to come in first, second, or third. For a beginner, I recommend sticking with straight wagers. You have two categories of wagers to choose from when you bet on the ponies: straight wagers and exotic wagers. Lots of history there–built in 1863, it’s the oldest organized sporting venue of any kind in the United States. My favorite track I’ve visited: the Saratoga Race Course in NY. Today, I’ll share some of the basics of what I learned, so that the horse racing neophyte can take advantage of this wonderful spring weather and go down to their local racetrack (or the Kentucky Derby!) feeling like they know what they’re doing. Betting on horses is a lot more complicated than I had imagined, but it’s really a great deal of fun. Kate and I had a great time there and learned a ton.
Place as a wager how to#
So I jumped at the chance America’s Best Racing offered me a couple of months ago to come see the Spiral Stakes at Turfway Park in Florence, Kentucky, and get some lessons on how to bet on the ponies. I mostly just picked the horses with the names I liked best. I really enjoyed these outings with my extended family, and placing a few bets myself, but I admittedly had no idea what I was doing. Rick’s father had long since passed away, but Gram Surwilo–every inch the stereotypical feisty Italian grandma–still loved to go and bet on the ponies, just as she had in the old days in Vermont. We had a great time betting on a few horse races while snuggling in the bleachers as a thunderstorm rolled in.Īfter Kate and I got hitched, her parents would take us to the horse races every other summer or so, and even gave us poor newlyweds a little scratch to bet with. When I started dating Kate, one of our first, and most romantic, dates was when she took me to the racetrack here in Tulsa. The Green Mountain Race Track in Pownal, Vermont