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- @skillable
Before making a bet, it is helpful to know the types of bets and how they work. The wagers offered for each race at each track are listed above each race in the racing program.
Calculating how much your bet will cost when you box a bet, you get all the combinations of the horses you select, no matter what their exact order of finish is.
$1 Quinella Box – Total number of horses you want to box multiplied by the total number of horses you want to box minus 1, divided by 2
$1 Exacta Box – Total number of horses you want to box times the total number of horses you want to box, minus 1
50 Cent Trifecta Box – Total number of horses you want to box times the total number of horses you want to box, minus 1, times the total number of horses you want to box, minus 2, divided by 2
10 Cent Superfecta Box – Total number of horses you want to box times the total number of horses you want to box, minus 1, times the total number of horses you want to box, minus 2, times the total number of horses you want to box, minus 3, times 10 cents
Step 1 – Tell the ticket writer the name of the Track and the Race Number
Step 2 – Tell the ticket writer the Wager Amount, Type of Wager and Horse Number
All together, that would go: Churchill Downs, Race 1, $2 to Win on Number 8
Some horse tracks offer other exotic wagers, but they all follow one of the examples above.
In conclusion, all tracks have a season, typically known as a “meet.” On the last day of the Meet, any jackpots, like a Pick 6, that have not been won and have been carried over from day to day, require a Mandatory Payout. Sometimes, these payouts can be in the millions of dollars. This is a very good way to take a shot at a huge pool of money, with limited risk.
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