One of the reasons that people enjoy placing money on horses is that is both fun and easy to do. If you have never gone through the process before, you may find this difficult to believe. Particularly because there are so many numbers, names, and terms involved. Luckily for you, all you really need is a little bit of information to help you get the hang of it.

Once you understand the basic terms involved with this type of wagering, you will be on your way to placing the best bets horse racing. To get started with, you should focus on straight wagers. These are the ones that involve just one mount. This is so that you do not get confused while you are learning the ropes. Here is what you need to know:

Winning, Placing, Showing

The three most basic wagers that you can place are winning, placing, or showing. Winning is pretty self-explanatory – you are saying that your choice will be the winner. If you are right, you get to collect your winnings. Placing refers to your choice coming either in first place or second place. You typically stand to win less money than the previous wager. Showing means that you are wagering that your pick will come in first, second, or third. While your horse race odds are higher, you tend to be able to collect less money.

Across the Board

This wager is referred to as a combo straight wager. This is when you are assuming that your pick will win, place, as well as show. As you are placing three wages, this is usually more expensive. Here is what this type of wager means for you. If your pick wins, you will be able to collect on all three wagers (win, place, and show). If your choice comes in second, you get to receive the place and show winnings. If your pick is third, you only get the show money. This type of wager should only be made if you are extremely certain about your choices. If not, this may end up costing you some money.

Win or Place, Place or Show

This type of wager has similarities to one above. This is because you are placing more than one straight wager. Here, you are predicting that your choice will either come in first or second or that the pick will come in second or third. For win/show, if you win you receive both wagers but only one if your pick is second. Similarly, for show/place, you get both if the horse comes in second but only one if the animal places third.

You can now begin to make the most basic wagers. Once you have become more experienced, you can move onto more complicated wagers