For bettors who are looking to place wagers on horses, there are various bet types and options they can consider. With so much selection available, it can be confusing for beginners to navigate. However, knowing the different popular types of horse bets is crucial to learning how betting on Malaysia horse racing live today works to earn profit.
Straight Bets
A straight bet is considered the simplest wager that bettors can make on a horse race. A straight bet involves only one element that bettors must meet to get their payout. There are three types of straight bets, which are the following:
Win Bet
The most common horse racing bet type is the win bet, which is sometimes known as the single bet. This type of bet can be placed on a horse that bettors think is most likely to win the race.
Place Bet
A place bet involves placing wagers on the horse to finish in either first place or second place. This type of bet means that a bettor has two opportunities to win and not just one. This bet has a lower payout than a win bet since it has lower levels of risk involved.
Show Bet
A show bet takes the concept of a place further as it involves betting on the horse finishing in first, second, or third place. This type of straight bet is considered the safest and offers the lowest return if a bettor wins the bet.
Exotic Bets
An exotic bet is a type of bet that is made on horse races or other parimutuel races wherein an improbable combination of winners must be predicted exactly to get a payout. In horse betting, the more unlikely the winning combination is, the larger the payout.
Exacta Bet
An exacta bet is a type of exotic bet wherein a bettor places wagers on two horses to take first and second place in the exact order. This is considered the most popular and most straightforward exotic bet for beginners.
Trifecta Bet
Trifecta bets involve picking the first three horses in the official order in a single race. This is a wager wherein a bettor must do a good job of handicapping in order to win. Trifecta bets can be challenging to win, but it provides a significant payout for those who manage to win their bet.
Daily Double
The daily double is a type of exotic wager that involves selecting the winners of two races in a row. For example, if a bettor places an 8-3 Daily Double bet on the first two races, they get to win if horse #8 wins the first race and horse #3 wins the second race.
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