All bets are
on the numbers assigned to a horse by the track (saddlecloth numbers).
These numbers are printedbeside thenameof the horse on the race
Some tracks use thepost position as the horse number. Irrespective of
method used by the track you should always use the program assigned
when purchasing bets. "Scratches" are horses that have been withdrawn
the race. No bets are sold on these horses. Bets are refundable on late
scratches unless the bet specifically states otherwise (e.g. off time
Odds are an
of how much a horse will pay to win a race. You will notice that as
on a race progresses closer to post time, the odds will change.
is that, you may ask? The monies that are wagered in a race are counted
up and put into Pools. What is a Pool? A Pool is where the total amount
of money being wagered on a specific type of bet is held to be
to patrons that have correctly selected the outcome of the specific
they have placed. Out of these pools certain percentages are
Why is that you ask? The reason being a percentage of all money wagered
go to governments, racetracks, owners, jockeys, trainers, etc. The
receives a percentage (for tax purposes) for allowing the tractto
racing in a certain jurisdiction. The Race Tracks receive a percentage
for promotions, maintaining the track, and paying emplyees. The
receive a percentage purely out of tradition. If there were no money
would be no races. After the percentages are removed the remaining
is paid out. This iswhere we get our payoffs for winning tickets.
on the sales on the bet less a government and handling tax. These
vary and are usually controlled by a regulatory body.
Bonuses are a new
being introduced into horse racing by offshore and online competition.
Tracks and simulcast facilities do NOT provide sign-up, re-up, or
bonuses. However, all reputable offshore and online facilities do.
Win, Place, Show
Trifecta, Superfecta, Highly Advanced Wagers Double, Twin-Tri, HI-5,
3/Pick 6/Pick 9, Daily Double, All Up, Rebate