Horse Racing always brings in some of the biggest prize pools every year out of all the sporting events and with such massive events there is no doubt thousands of people wager on horse racing. Over the past few years there has been a large increase in the amount of people getting into gambling online on horse racing. Before you can wager on horse racing you’ll need to know what type of bets you can make on a race. Just like everything else there is a learning phase before you can bet on horse racing successfully and this is one of those must read articles for beginners.

• Win – Betting on a single horse to win first place in the race.

• Place – Betting on a single horse to come first or second place in the race.

• Show – Betting on a single horse to come first, second or third in the race.

• Across The Board – This is a single unit bet and it’s similar to betting on the three bets listed above at the same time. If your horse wins first you will all three bets, if your horse wins second you win the place and show bets and if third you win the show bet. This is a wise bet to make as it leaves you potential for a big payoff.

• Daily Double – Betting on a horse at www.Betfair.com in two consecutive races to come in first place. In order to in both the horse you pick must win there race.

• Exacta – You need to pick the horse you think will win the race plus the horse you think will come in second place in the correct order.

• Trifecta – You need to pick the horses who you think will finish the race in first, second and third in the correct order.

• Superfecta – You need to pick the horse that you think will finish in first, second, third and fourth in the correct order. www.Ladbrokes.com is currently one of the only online sportsbooks to offer Supertrifectas.

• Quinella – You pick two horses and if they finish first and second in any order you’ll win the bet.

• Boxing – Picking multiple horses to finish in the top positions of the race in any order.

• Pick3/Pick6 – You get to choose 3 or 6 horses depending on the wager and they need to finish the race in the top positions to win in any order.

These are all types of bets you can make at the horse track and you should make sure that you understand what each of them mean. Many of these bets can be made on soccery betting as well. Some of the bets you need to pick horses in the exact order whereas other types of bets don’t require that you choose a specific order. The payout will obviously reflect the difficulty in the bet, but all horse racing bets payoff fairly good and that is why so many new people have been flocking to the race tracks. With horse racing going on year round around the world it’s a great hobby to have and could potentially earn you a nice side income.