New to horse racing and betting. Well, once you've mastered the three basic horse racing bets and the two additional bets based on the the three basic, it's time to look at some more Exotic Bets.
Trifecta - The "Trifecta" bet is picking the exact winner (Win), second place finisher (Place), and third place finisher (Show) in a given horse racing event. So unlike the basic bets where you pick one horse to place in a given spot (or range of spots), this bet requires you to bet on three horses and properly predict which horse will come int first, second and third. This horse bet can pay out quite well as you might imagine, because it is such a difficult one to get right. The payout depends on the odds of each of the horses you bet on and you can only bet the Trifecta in one race.
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Exacta - The "Exacta" bet is picking both the winner and second place horses, in order, in a given horse racing event. Similar to the Trifecta, except you don't need to bet on which horse will come in third, so in this case you're only betting on two horses (which is somewhat easier than the Trifecta). This is also a high payout bet, but since it's easier than the Tricfecta, it pays less than that.
Quinella - this bet is picking the two horses that will come in first and second. However, unlike the Exacta, you don't need to specify which horse comes in first and which comes in second, yous simply pick the two horses that will place first and second, which makes it easier than the Exacta therefore not paying out as much. So in essence, the Quinella is the Exacta bet, but without the order mattering.
Daily Double - this bet requires you to bet on the winning horses of TWO consecutive races. A pretty tough bet to make, but will pay out quite well if you win!
Pick 3, Pick 4, Pick 5 or more - these bets are the same idea as the Daily Double (but without the cool nickname). The Pick 3, for example, requires you to bet on the three winning horses in three consecutive horse races. The Pick 4 is betting the 4 horses in 4 consecutive races. The Pick 5 is 5 horses in 5 races, and so on....
