Wagering 101

Wagering 101

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Two minutes to post. The horses are on the track. If you’re thinking about placing a wager, now’s the time. The question is, who’s it gonna be? If you know what to look for, you can really help yourself out. And sure, a little luck never hurt either.

How to Be a Better Bettor

The odds are simply a reflection of who the betting public thinks will win. There is no “house” in pari-mutuel wagering. In fact, “pari-mutuel” means wagering among ourselves. So as more people place wagers, the odds change. The best handicappers look at a horse’s past performances, bloodlines, owners, trainers and all kinds of other variables. When you’re at Hoosier Park Racing & Casino, there are a couple of things you should investigate as well.

The Program — If you want to be on top of things, pick up a program. It can tell you how to understand a horse’s class, speed rating, past finishes and times and more information about who just might come out on top. There’s an easy-to-use guide in the opening section of the program that explains it all in detail. Our program makes handicapping understandable and fun!
The Experts — No one understands the sport better than the people who study it every day, and their picks are available to you. So, pick up a tip sheet while you’re at the track and check the program for favorites. Also look for hot tips in newspapers or on the monitors at the track.

What to Look For

Even the best horses have bad days, and no race is a “lock.” But if you know what to look for, you can tell who’s ready to win or who’d rather be in the stable.

The Ears — If a horse’s ears are cocked at a 45 degree angle, it’s a great sign. A disinterested horse’s ears will appear limp and lifeless. Overactive ears suggest the potential for skittishness and excitability.
The Head — Look for horses whose heads are held high with straight necks. They’re ready to go.
The Tail — Some handicappers look for horses whose tails are moving. They believe active, outstretched tails indicate horses that want to race.
The Post Position — Horses toward the inside of the track usually have an advantage because the distance they travel is actually shorter than the other horses.
The Consistency Factor — Look in your program to find out how many times a horse has finished “in the money”
(top three) compared to how many times it has raced. The higher the win percentage, the better your chances.
The Driver — Drivers with winning records know how to get the most out of their animals. Look in the program to find their past records, then pick a winner.

The Basics

If you’re new to horse racing, these are probably the bets for you. They’re easy to understand and just as exciting as more complicated wagers.

Win — 1st place. Your horse must finish first for you to cash a ticket.
Place — 2nd place. If your horse finishes first or second, you’re a winner.
Show — 3rd place. You’re a winner if your horse finishes anywhere among the top three.

The amount you can win depends on your horse’s odds at the time of the race. And because it’s pari-mutuel style wagering, the amount of money bet determines the amount you can win. Remember, there is no house, so the money you win is part of what everyone else bets. Since you are essentially betting against everyone else, the more educated you are in your wager, the better your chance of winning.

The Exotics

To place one of these wagers, you may need to do a little planning. They’re a bit more complicated. But once you understand handicapping, exotic wagers have a much higher payout.

Exacta (also called a Perfecta) — This wager requires that you pick the top two finishers in a race in exact order.
Trifecta — A wager in which you must pick the top three finishers in exact order.
Box — If you have two or more horses that you think will finish in the top spots, but you’re not sure of the order, you can box them. For example, “An exacta box on horses #2 and #6.” You’ll be a winner if your horses finish first and second, regardless of the order (#2, #6 or #6, #2).
Wheel — In this bet, you pick one horse, then factor in (or wheel) the rest, or part of the field. So if you say, “Exacta wheel #4, with the field,” you’ll win if the #4 horse wins and any other horse comes in second.
Superfecta – You must choose the first four finishers of a race in their exact order.
Hoosier High 5(Pentafecta) – You must choose the first five finishers of a race in their exact order.
Pick 3 – You must choose the winner of three consecutive races. Wagers must be placed before the first of the three races.
Pick 4 – You must choose the winner of 4 consecutive races. Wagers must be placed before the first of the four races.
Pick 5 – You must choose the winner of 5 consecutive races. Wagers must be placed before the first of the five races.
Daily Double – To win the Daily Double, you must choose the winners of two races. Wagers must be placed prior to the first race of the Daily Double.