![]() ![]() If the minimum bet is $1, your bet will be $2 because you are betting on two horses. Each combination costs the same, so your cost is double by playing a two horse box. As long as one of the horses runs first and the other one runs second you win your exacta. In boxed bets, the horses you select just have to finish within either the top 2 (exacta), top 3 (trifectas), or top 4 (superfecta).įor example, in a boxed exacta bet, of the two horses you select, either could finish in first as long as the second horse comes in second place. They give bettors the option to box the order of the horses, meaning they don’t have to finish in a specific order. If you pick the exact order, say Horse 1 first, Horse 3 second, and Horse 6 third, that is a straight bet, it has to be perfect in order to win.īoxed bets give you an alternative. These three different bets can either be made straight or boxed. Exactas, trifectas, and superfectas are all designed for the handicapper to pick the order in which multiple horses will finish during a single race. There’s an alternative in horse racing betting and it’s called boxing.Ī box itself is not a type of bet, but rather a strategy within several bets. Picking the horses in order, as is required in straight boxed bets, is a tall order. Here’s a breakdown:ġ,2 (two horses in leg 1) x 1,2 (two horses in leg 2) x 1,2 (two horses in leg 3) x 1,2 (two horses in leg 4) x 1,2 (two horses in leg 5) x 1 (price of wager)Īs you would expect, a Pick 5 is a difficult bet to win so even if the cost of the wager is expensive, the payouts can be enormous. If the minimum bet is $1 and you choose one of two horses to win in each race you will spend $32. If you chose one horse in each leg and the minimum bet is $0.50, the bet costs $0.50. If the minimum bet is $1, and you chose number one in each leg, the cost is $1. It works exactly the same you must pick the winner of five straight races before the first leg is run. If a Pick 3 is a three-race parlay, a Pick 5 is the five-race equivalent. A Pick 3 where each race is won by a longshot pays a lot better than hitting three straight favorites. Unlike standard sports parlays, which have pre-determined odds, parlay wagers in horse racing pay differently depending on the odds of various horses. If you were betting on conventional sports at a sportsbook where the minimum bet was $1, you’d be required to wager at least $3 to construct a three-legged parlay. You don’t technically have to construct it yourself, as you do when you’re betting on conventional sports.įor example, if the track you are betting at begins Pick 3 bets at $1, you can bet on the winner of all three races, but you only have to wager $1. However, in horse racing, you can place a Pick 3 parlay bet that counts as one bet. This is in contrast to parlays placed on conventional sports, where you would have to wager your sportsbooks’ minimum bet amount on each consecutive leg of your parlay. ![]() Whatever the minimum wager is of your chosen sportsbook or track, you can bet that on one Pick 3, despite the fact that it is technically a parlay. The rules for horse racing parlays are generally consistent with standard parlays, but there are some key differences between them. ![]() You must select the winner of three consecutive races and you must get your picks for all three of those races before the first race contained in your parlay begins. What Is a Pick 3?Ī Pick 3 is similar to a three-race parlay. Keep combinations in mind because it’s possible to integrate them into all types of horse racing bets, both straight and exotic. You are making three bets so it costs more, but if one wins the first race and any of your three choices win the second race, you cash a ticket. Instead of guessing which of the three might win, you can play three combinations, 1-1, 1-2, 1-3. It is very common for bettors to make more than one wager on an individual type of bet.įor example, in a Daily Double (picking the winner of two consecutive races), you might love number one in the first race, but in the second race think number one, two, and three are really similar. We’ll get into some of the specifics below. To win, you must select the winner of consecutive races before the first of the series of races begins.Ī Daily Double is the winner of two races in a row, a Pick 3 is three straight races, a Pick 4 means you must select the winner of four consecutive races, a Pick 5 is hitting five winners in a row, and the Pick 6 is six straight winners. Horizontal wagers are essentially parlay bets. ![]()
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