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  2. Betting on horse racing - Wikipedia

    en.wikipedia.org/wiki/Betting_on_horse_racing

    A bet to win, sometimes called a "straight" bet, means staking money on the horse, and if it comes in first place, the bet is a winner. In a bet to place, you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third. Since it is much easier to select a horse to finish first ...

  3. Tote board - Wikipedia

    en.wikipedia.org/wiki/Tote_board

    Behind the betting windows at Ascot racetrack, Australia February 1939. An automatic totalisator is a device to add up the bets in a pari-mutuel betting system. The whole of the pot (the stakes on all competitors) is divided pro rata to the stakes placed on the winning competitor, and those tickets are paid out.

  4. Glossary of equestrian terms - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_equestrian_terms

    1. A type of tack placed upon a horse or other animal in order to hitch it to a cart, plow, wagon or other horse-drawn vehicle. [1]: 101 2. To harness a horse is to put the harness on the horse. harness racing, trotting races The sport of racing horses in harness, pulling a very light single-person cart called a sulky. The horses usually trot ...

  5. Mathematics of bookmaking - Wikipedia

    en.wikipedia.org/wiki/Mathematics_of_bookmaking

    The place part of each-way bets is calculated separately using reduced place odds. Thus, an each-way Super Heinz on seven horses with three winners and a further two placed horses is settled as a win Trixie and a place Canadian. Virtually all bookmakers use computer software for ease, speed and accuracy of calculation for the settling of ...

  6. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    A key involves making a multiple wager with a single horse in one race bet in one position with all possible combinations of other selected horses in a single race. A multi-race wheel (cf. wheel, above) consists of betting all horses in one race of a bet involving two or more races.

  7. Trifecta - Wikipedia

    en.wikipedia.org/wiki/Trifecta

    Trifecta. A trifecta is a parimutuel bet placed on a horse race in which the bettor must predict which horses will finish first, second, and third, in the exact order. [1] Known as a trifecta in the US and Australia, [2] this is known as a tricast in the UK, [3] a tierce in Hong Kong, [4] a triactor in Canada [5] and a tiercé in France. [6]

  8. Betting 101: There is power in social-media crowdsourcing - AOL

    www.aol.com/betting-101-power-social-media...

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  9. Starting price - Wikipedia

    en.wikipedia.org/wiki/Starting_price

    In horse racing and greyhound racing, the starting price (SP) is the odds prevailing on a particular entry in the on-course fixed-odds betting market at the time a race begins. The method by which SPs are set for each runner varies in different countries but is generally by consensus of an appointed panel on the basis of their observations of ...