- Win
You bet on a win if you think that your horse will take the first place.
- Place
This bet is perfect if you are quite sure that your horse will take first or second place. Whether your horse takes the first or second place, you win the match.
- Show
This type of bet provides you options of betting on your horse to take first, second or third place. You have more chances of winning even though the payout is low.
- Across the board
It is three in one: win, place, and show. This bet is not recommended for a beginner because it can be quite costly and complex.
- Win/place; place/show
With the first bet, you bet on your horse to win and place. If your horse wins the match, you take money from both, but if it takes the second place you take just money just from the place bet. With the second bet, if your horse finishes second you take money from the place and show bets, but if it takes the third place, you just take money from the show bet. It is quite complex and recommended just for professional gamblers.