The calculations are rather simple. 00, or one-to-one odds. 50, that means if you stake $100 you will win $350. To convert between different odds formats and calculate your payout, simply follow these 2 easy steps: Fill in the odds in any of the odds fields: American, decimal, fractional or implied. Converting American odds into fractional odds is simpler. Betting Calculator Parlay Calculator. 7 – Superfecta. 76 and expect to pay out $100 (including the stake. Horse Odds Calculator for Payout Estimation The payout calculation is rather simple and can also be done manually without the need for horse odds calculator, though it is always recommended using a horse racing calculator when engaging horse racing betting. The daily double horse racing bet involves picking the winners of two consecutive races. Pot odds: getting your money in good — gripsed poker trainingPot odds &. 1 st = Horse 8. 97, for a stake of $100, you stand to win $597 ( 6. 5% chance of winning $200 if you win the bet. Place – Choose one horse, but this time the horse needs to finish first or second for you to win. Along with big meets like the Grand National, there’s a whole host of smaller races taking place daily. Find below a FREE Dutching Calculator which will show you how much to place on each horse in a race to return an equal profit. A bet calculator for calculating combinations from bet selections for horse racing, harness racing and greyhound racing. Show – Choose one horse, but this time the horse can finish first, second, or third for gamblers to win. Racing Matcher is perfect for focusing on horse racing odds and offers, once you’ve got to grips with the technique of matched betting. Enter Total Stake: Enter Decimal Odds (comma-separated): Calculate stakes and returns. In this detailed guide, we explain what is a Placepot bet for horse racing, how it works. Pari-mutuel betting in horse racing is the total pool of money wagered on a particular type of bet that is then divided up among the winners after the track deducts its overhead costs and taxes. You should define how much of your horse racing betting bankroll that you are willing to put in play each betting day. " The following examples are for a $1 Superfecta Box:Method 3 – A Daily Double Parlay. Meydan. Superfecta Betting Variant #1: Superfecta Box Betting. Divide the odds by 100, and then reduce it to its simplest form, e. Since the exacta requires you to select the first and second horses in their exact order of finish, this three horse box example would involve six combinations: 4-5, 4-6, 5-4, 5-6, 6-4 and 6-5. Horse racing betting odds are essentially fractions. Which horse will win Race 2. Total Combinations = A x (B-1) x (C-2) x (D-3) *NOTE: As with the. Here, we will walk you through the process step by step. Instead of making all six wagers separately, you can ask for a “$2 exacta box, 4-5-6” for a cost of $12. Bet Amount Choose the amount of money you want. How The Pick 6 Bet Works. 4-7. To win a payout with a Pick 3 wager, the bettor must accurately predict all three race winners: Which horse will win Race 1. $900 minus 15 percent equals $765. To convert positive odds to a decimal, divide the odds by 100 and then add 1. It’s designed for standard tricast bets, where you predict the exact order of the first three horses. , 400/100 is the same as 4/1. Profit = $137. Similarly, if a single person was responsible for the $200 bet on Horse 6 and that horse wins, that person receives a 4/1 payout ($800 in profit + return of the $200 initial wager). If you look at the market for a major European horse race and the favorite is priced at 3. Multiply your total times two if the Pick Six is a $2 wager. 16 or more in handicap races. Thanks to our free each way bet calculator, you can work out total returns and profits on each way wagers for horse racing and other sports. To calculate “+” odds, divide the odds by 100 and multiply that product by the wager amount. Additional places. Bookmaker’s Account Restriction. Horse racing odds calculator payout@wagertalk posted to instagram: below is a chart showing the current. 00. There are also tracks from Hong Kong, Singapore, Japan, and many countries in Europe. However, if the lay bet wins, you win the £7. Home; Info; News; PostThe horse you wager on to Win must finish first in order for you collect. The first is a "win" wager. CURRENT BALANCE: Insert your current betting balance BOOKMAKER ODDS: The odds you want to back YOUR ESTIMATE (%): Your estimated probability of the selection winning FRACTIONAL KELLY BETTING (FKB): Choose between 0. Explaining the need for a horse racing calculator software for the ease of wagering, predicting results and payouts and handicapping horses. Pick the one that appeals to you and play that bet: The more. Morning line – The odds that the track handicapper predicts a horse will go off at. This gives both outcomes a win probability of 52. It can be used for sports betting, casino games, horse racing and other forms of gambling. How To Use A Horse Racing Bet Calculator. The Pick 4 sequence in our example includes races 4,5,6, and 7. When there are non-runners after final declarations and withdrawn horses have a price of 14/1 or shorter, then this comes into. Add the odds quoted by the. All you. 3 x 2 x 1 x $2 = $12. Select the race number of the Kentucky Derby (usually the second to last race on the card) Select your horse. At bookmakers’ discretion. To calculate the payout on a horse bet, you multiply the amount of your bet by the odds offered on the horse. To calculate the combination on a trifecta, just multiply the number of horses to be boxed by the next lowest number multiplied by the next lowest number. TVG and TVG2 (HRTV) represent the most popular horse racing media destination in the world. Let’s say you want to use three horses in every race: now the cost is 3x3x3x3x3x0. Super Heinz with Singles. 6 Essential Tactics to Make Real Profits from 2nd Place Refund. Next, select three horses you think could finish first, second, or third. For some players, 20% would be the maximum amount. There is a $2 minimum for a straight Exacta. Unlike other versions, AmWager’s ABC Wagering is built directly into the wager pad allowing fast and. All selections must win for the bet to generate a return, but the payoff can. ABC Wagering is a quick and efficient way for handicappers to maximize their opinion on multi-race wagers. Learn more. Gambling winnings are typically subject to a flat 24% tax. For example, if you select horses #1 and #2 as contenders for the lead and horses #3 and #4 for second place, the calculator will show you that there are a total of four possible combinations. The Pick 6 is a simple bet in practice. Example: Let’s say you select horse No. Our dutching calculator was created by Chat GPT, it's simple and quick. And. Visit BUSR. Find below a FREE Dutching Calculator which will show you how much to place on each horse in a race to return an equal profit. When betting on a horse racing wager, you need to consider the number of people wagering, the amount of money wagered, and the number of units you wager. That would be. Odds horse percentage tableStatistics intervals Odds conversion table into betting clamps racing probabilities converting vice versa lined standard implied steel bolt availableHorse odds racing read take calculator remember letter must case. In these wagers, you place horse bet on the results or places of horses over one race. USA Bettors accepted 🤑. 0 (100%), but if you do not want to wager the full. The calculation method varies depending on what type of First four bet you place: boxed, standout, roving banker or normal. The total, 48, is then multiplied by the base amount of the wager. Explaining the need for a horse racing calculator software for the ease of wagering, predicting results and payouts and handicapping horses. On the Program line, find the dropdown options for bet Type and bet Amount. If the odd is displayed at 5. Extremely hard. – W. If you look at the market for a major European horse race and the favorite is priced at 3. Enjoy anytime, anywhere wagering with online, smartphone, Voicebet® and TwinSpires Mobile from the most trusted name in horse racing. You will probably need to play just two doubles to turn $5 into $100 at the race track. It’s designed for standard tricast bets, where you predict the exact order of the first three horses. Implied odds are the conversion of a sportsbooks offered odds into an implied win probability. Then multiply the total lines X your stake to get the total bet amount. The cost is less than you might think: 2x2x2x2x2x0. Watch and Wager has one of the largest assortments of race tracks of any online racebook that we have ever reviewed. In actual horse race betting, payout processes depend on the racetrack and rely on the actual odds. When you consider that most races have a field of 8-10 horses, this can be. A Tricast bet is also known as a Trifecta; in many articles and publications. 4) Placing a bet online or on your mobile device. How Pick 3 Horse Racing Bets Work. To do the math: convert the odds on your lines to decimal format (or simply use our odds converter ). Lucky 31 Calculator. The bet is usually a $2 minimum. For example, if the odds are 4-1 this suggests there is a 1 in 5 chance of winning (4+1), or calculated as 1 / (4+1) = 0. For example, you could emphasize one horse over the others. Some calculators may even display the. Horse Betting Calculator as a Handicapping Calculator Another form of a horse racing bet calculator is the horse handicapping calculator, an application designed to determine which horse has the best chances to win, by measuring up factors and figures taken from a vast array. The online horse betting calculator may present an odds conversion function for punters from the UK who wager outside the UK and need a fractional conversion of the decimal odds used outside the British horse racing and and the other way around. Horse Races Kentucky Derby Preakness Stakes Belmont Park Breeders' Cup More Races Results Race Tracks Churchill Downs Fair Grounds Saratoga Oaklawn Park Santa Anita Gulfstream Park More Race Tracks podcasts. This should include both your original stake and the profit you stand to make if your choices are successful. If you place a $2 Exacta box bet on the 1, 2 and 3 horses your total ticket will cost $12 and you will have $2 Exacta bets. Below is a two-step guide that explains how to use our betting odds calculator for the first time. The tricast bet calculator is the simplest form. Horse racing apps also allow you to bet on international horse racing events. 5). 00 wagered would be $6. 2 which means there is a 20% chance of the outcome happening. Exacta – Choose the horses that will finish first and second in the correct order to win an exacta bet. Step 1: Enter your odds. GammaStack offers top-quality horse racing crypto betting software, providing your business with a versatile and superior betting solution tailored specifically for horse racing. DK Horse – 100% deposit match bonus of up to $250. The lucky 15 is a 4 selection wager consisting of 15 bets: 4 singles, 6 doubles, 4 trebles and a four-fold accumulator. The horse betting calculator is in fact an exotic wager calculator which allows the users or bettors get a clue over the amount of stakes that should be put on each type of exotic wager. This is an intermediate tool. Therefore, for a horse at 7-4, divide 7 by 4 (1. Ability to save and export your wager calculations to PDF or Excel file to share with family and friends! Exacta. To calculate the potential payout from a football bet, multiply the stake by the odds. By doing so, the horse racing bet calculator lets the punters focus on placing their wager in a much more efficient manner resulting in more wager. Each additional horse increases the cost of the bet. Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. com 17 July 2023. The formula for calculating any trifecta bet is: Trifecta combinations = (A x B x C) – (AB x C) – (AC x B) – (BC x A) + (2 x ABC) Where: A = Number of selections for 1st place. To calculate odds: $85,000/$42,500 - $1 = $1. The Free Bet Calculator is the world’s leading online sports bet calculator. Using a single betting calculator could help horse racing bettors determine the potential wins for all the. To work through all that racing you need a tool. When placing wagers on horses online, you will always use the program number that has been issued to that horse. The Dutch calculator is similar to the matched. Some simple examples… A $2 exacta of two horses over 4 horses: 2 (two horses on top) x 4 (two horses on bottom) x 2 (cost of wager) = $16Bet on two horses finishing 1st & 2nd in exact order. Across the board – A bet on a horse to win, place, and show. Check. Hold (Rake) Expected Value. The calculations are rather simple. Follow this link for the Round Robin Parlay Calculator. Let’s say you’re using two horses in each leg of a 50-cent Pick 5. Pick 5/6 wagers: These wagers revolve around sport bettors selecting the winner of more than one race at a certain track during the day. Input the Odds. Dalos, who foals mares in Canada and Ontario, had this colt born in Ontario and he had. Paroli System. (1. Extra Places at bookmakers’ discretion. Playing an Exacta increases your chances of winning, while also increasing your cost of playing. They are rounded down to the nearest nickel or dime, which is called. The wagers are gathered in a pool for each bet, and they are dispersed after the track takes a cut to reinvest in racing. You use a matched betting calculator to work out how much to lay for profit. This will pay more than betting either of the horses to win or place. For the sheer purpose of handling odds, the horse racing odds calculator is the tool to work with in case a conversion between decimal and fractional odds is needed or a complicated payout by the odds calculation is crucial for the punter to decide upon which horses to place a wager. It’s done by assigning points, both negative and positive, to every feature presented by the horse. This type of bet involves choosing a horse that will finish first in the race. Find. It requires you to pick the first four finishers of a single race in exact order. Odds Format:You can key a horse in a Trifecta or Superfecta wager instead of boxing to save money. The show bet pays the top three spots, so our bet’s a win. Whether you silently juggle between horses to drop in your Pick 3 sequences or are checking the people percentages of jockey or trainer angles, there are a lot of elements to peruse and consider when. In order to calculate the costs of laying a Trifecta wager, a punter must use the Trifecta calculator, either manually or by a computerized Trifecta calculator. 40-$1200+ Trifecta: Bet on 3 horses finishing 1st in exact order: $0. Assume a punter lays a £2 wager on a Trifecta wheel, picking horse number 7 as first and horses number 6 and 5 for the second and third. When you bet on the pentafecta or Super High Five you can spend as little as $0. The most conservative wager is the show wager where a horse can finish first, second or third giving you three chances to cash your ticket. , 400/100 is the same as 4/1. E. The horse betting calculator is an online tool, accessible to both beginners and seasoned bettors, with a diverse range of functions aimed at enhancing your betting game. Spoken: 6 to 5 odds. Fact checked by: Mark Lewis. The Pick 6 bet is what is called an exotic bet in horse racing. ” So instead of betting, say, $10 to win, you’re betting $10 to win, $10 to place, and $10 to show, for a total investment of $30. Horse Racing Odds Calculator is Used in Horse Betting to Convert the. and Canadian tracks use WinningPonies ® for horse racing handicapping – whether they're a $2 bettor placing their first exacta or a pro handicapper chasing six-figure carryovers. You will have to decide based on your own comfort zone. 00. Enter the decimal odds of 2 or more selections in the appropriate 'choice' fields. 00. Winning Ponies Exotic Wager Calculator; America’s Best Racing Gambling Calculator; Example 1: Superfecta Part Wheel. Horse Racing. The tricast bet calculator is the simplest form. Example: A Trifecta key using the #1 with the #2, #3, #4 means that the #1 horse must win and the #2, #3, #4 can finish second and third in any order. More horses mean more stake and more significant risk if you haven’t picked the winner. 00 Charles Town CT Pick 6 Jackpot 11/22/2023 $71,515. Enter the details and the betting calculator will predict your earnings and show your anticipated profit. The horse racing calculator software incorporates all the features of the. Future Wager bets typically offer larger payouts than betting the same horse on race day because it. For example that pretty gray filly might have been: Del Mar, Race 4, $2 to win on #5. Enter the total amount you wish to stake for the race into field named 'Total Stake £ (Default £100). The VSiN free parlay calculator allows. These traditional bets are considered the most popular types of bets and also the most straightforward. Online. The Fair Payoff for an Exacta equals the size of the bet, such as a $2 Exacta, multiplied by the (win horse's odds-to-1) multiplied by theThe Lucky 15 Bet Calculator allows you to calculate the stake, return and profit for Lucky 15s, permed from up to 20 selections if required,. If you are satisfied with the calculation and would like to place a real money wager, simply click on the blue "BET NOW" button and select your state from the dropdown menu. Exotic betting refers to an extremely popular group of horse racing wagers that all include a component where you must wager on multiple horses. How to read horse racing odds and calculate payoutsPayouts hiram irwin Horse odds: payout calculatorsEmerald downs early daily double. 2 will place (finish second) and the No. Also Read: A ccumulator calculator Win bets. Enjoy faster, easier, more efficient online wagering options. In boxing the exacta, the bettor may bet a minimum of two horses on a single ticket, giving the bettor every possible combination of the chosen horses to. Calculating the cost of trifectas where different selections are made for each place is more difficult which is why it is best to use our calculator. For example, a $1 trifecta key with 1 horse over three other horses (3x2x$1) is $6. Your $2 bet will return a total of $4. One win bet, one place bet and one show bet. com, your official source for horse racing results, mobile racing data, statistics as well as all other horse racing and thoroughbred racing information. With fractional odds, the numerator goes in the left-hand box and denominator in the other. An odds calculator is a horse betting calculator with designated functions designed to handle odds conversion, calculation and payout estimation. "Pandy," has been writing about harness and thoroughbred racing and handicapping for over 40 years. m. Last updated Mar 9, 2023. DRF Bets – $250 deposit match + $10 free horse racing bet. Find odds format definitions in our Betting Glossary. 76 to get $100 back. The cost of the bet can rise quickly when more than five horses are used. Use the AceOdds Bet Calculator to work out returns for Accumulators, Lucky 15's, Doubles, Trebles, Football, Horse Racing and more. 85), fractional odds (57/20), and implied probability (25. If you box six horses, giving you the flexibility of missing out on one horse, then the combinations jump to 720, adding up to $720 for $1 tickets and $72 for 10-cent tickets. Register or Log-In (be sure to check for Derby week offers!) Select the track of Churchill Downs. payout and handicapping. Sports bettors especially might get confused. In order to get your total earnings, you multiply $2 by the numerator 7 and. 3 rd = Horse 5. 50 for a Pick 5, but could vary on big racing days, such as the Kentucky Derby. FD Racing. Betting Calculator. Horse Racing Odds Payout Calculator. 3 to win the race, horse No. The calculator will automatically update to show you the decimal odds (3. Then, you add your original bet amount to the result to find the total payout. When calculating the payout for a $2 bet compared to the listed horse betting odds, divide the first number in the odds by the second number, multiply that by 2, and then add the standard minimum $2 bet. Calculate your winnings with the bet calculator for Singles, Doubles, Trebles, Accumulators, Lucky 15 / 31 / 63, Trixies, Patents, Round Robins, Goliaths and more. Horse Racing Odds Calculator Odds in the UK are presented differently than in Europe and the US. If your horse finishes first, second, or third, your show bet is a. A Rule 4 deduction is a function of our horse bet calculator UK punters won’t want to have to use, but the reality is these do apply to any wagers apart from ante post betting done in advance, so we’ve included it. Payout for $2 bet: $4. Weighing your equine on a calibrated livestock scale is the most accurate and preferred way to determine weight. In the case of the Pick 6 there are six consecutive races involved. Once you’ve selected a tricast odds calculator, you’ll need to input the odds for the three horses you want to include in your tricast bet. The simple way to calculate the cost of a quinella box bet is to multiply the number of horses in the box by itself minus one. $150 Deposit Bonus AmWager Promo Code: BUSA150 Get Bonus. That's right. Minimum Exchange stake now £1 - details here. When you consider that most races have a field of 8-10 horses, this can be. 00. 55. Close: To get started, simply select your bet type at and follow the steps. Bet Calculator;. A Placepot bet is a Tote betting wager where you must pick and have a horse finished placed in each of the first six races at a particular meeting. A Dutching calculator for this horse racing betting system will work it out way quicker. Place: 10 divided by 5 is 2/1, so the Place bet pays £5 at a price of 2/1, returning £15 – £10 profit and your £5 stake returned. Super Heinz with Singles. Extra Places at bookmakers’ discretion. Not a bad investment when you consider. 00 profit on a $2. But the cost of a Pick 5 wager rapidly increases with every extra horse you include. Treble bet returns calculator - Use this calculator to work out winnings for the more risky treble. Horse sense is the thing a horse has which keeps it from betting on people. Learn how to calculate betting costs and payouts for all types of horse racing bets including keys, boxes, wheels, and more. The Introduction to Dutch Betting using the Ratings Calculator Course gives you an introduction to betting using the Ratings Calculator computer software. The standard wagers are win, place and show bets. The different types of horse racing calculators available at BetCalc are an accumulator bet calculator, dutching (spread betting) calculator, back/lay calculator, each way single bet calculator, odds converter and many more, all designed for one purpose and that give users and bettors the best tool they can get for every calculating need they. For example, a six-horse trifecta box. But betting multi-race wagers can also come with an exponential increase in cost. The cost of this horse racing ticket is $1. 00 wager. 00 bet. 21+ Terms and Conditions Apply. You’ll see the amount of money bet in each pool and the resulting odds based on the $1,000 total in the pool: #1: $100. Pari-mutuel betting in horse racing is the total pool of money wagered on a particular type of bet that is then divided up among the winners after the track deducts its overhead costs and taxes. From the example, you can see that although your profit isn’t huge, it is guaranteed. How to Calculate Horse Racing Betting Odds. That's right. Most bettors like to use a horse racing betting strategy in which they use more than five horses. 00 wager. Using this formula, you can determine that the amount to wager on the Jets is $855. Example: You think the No. At bookmakers’ discretion. #2: $400. Our betting odds calculator can show you your expected payout based on your bet amount and odds, as well as what your odds are in other formats and your implied probability of winning. A horse that is boxed in is held up and unable to gain a clear passage. 2. One main function is odds conversion, from fractional to decimal and the other way around. You can also “box. Learn about win payoffs and calculations for Exacta, Trifecta, Superfecta, Pick 6 and others. For many others, betting on horses is a daily labor of love with wagering happening at tracks across North America and around the world. Let’s look at how to calculate the costs of a Trifecta Bet. A horse racing betting calculator ( horse bet calculator ) is an online tool that is used to calculate the cost of large and complex horse racing bets like the superfecta, pentafecta, Yankee, Goliath, and more. org. until the National Horseplayers Championship. Churchill Down Inc. This bet improves your chances of winning because 1 or more horses can be chosen to finish in each position. For example, if you want to see the -110 odds payout of your bet, just fill out the bet amount and odds in any one format and our payout calculator will show you. 75), multiply this number by 2 (3. The most conservative wager is the show wager where a horse can finish first, second or third giving you three chances to cash your ticket. EXACTA BOX. A Pick-3 is classified as an exotic wager in American horse racing. Horse players winning is a win for us too. Exotic bets are those which involve more than one race or more than one horse. $1,500 Paid Back in Bonus Bets If You Don’t Win! Visit site. What Is An Each Way Bet? An each way bet is like two bets rolled into one. Input the Odds. Beginners' Guide to Betfair Exchange. The new cost would be $144. 1/4 for 4 places. Just enter your total stake and then enter the odds of your selections separated by commas and press the button. The more higher-priced horses that win, the bigger the payoff. $200 Deposit Bonus TwinSpires Offer Code: BET200 Get Bonus. The “fraction” represents the relationship between how much you stand to win relative to how much you must risk. The Pick 6 is a simple bet in practice. Horse racing today is more complex than ever with racing on for 364 days of year 2023. 0 for £7. Amount bet on horse No. 1. Calculate how much to bet on horse racing with this easy-to-use tool. Many punters have moved on from regular win, place or show wager and are now already mastering several types of wager altogether. Odds on the toteboard are for win wagers only and are approximate with the final payoff based on the final count of wagers from all simulcast outlets. When the win finally happens the payout can be of jackpot. A show bet in horse racing is one of the lowest-risk ways to make wagers in horse racing, making it a popular bet for newcomers. Let's say you like the #3 horse really well to win, and you think the # 6, 7, and 8 horses are the only other horses in the race who have. If you want to widen your selection pool, you also have the choice to do so. Learn more about betting on horse. See what your total payout and winnings will be. Total Stake: For a £2 stake x 24 lines = £48 total bet. Calculate my bet More in Gambling learn to Bet Betting. A horse that was sent off at 10-1 odds would pay $22. (CDI) CEO Bill Carstanjen, fixed-odds horse race betting just isn’t really that good for horse racing. Advanced Omni/Swinger betting strategies. For instance: Daily doubles: This wager entails selecting the winner of back-to-back races. It works like a fixed odds accumulator, but payouts are made from the returned dividends of Pari-mutuel betting pool. If your horse finished in places 2nd. Check out our free horse racing picks and betting tips from experienced horse racing handicappers from tracks across the country. E. A horse racing calculator can reveal the potency of an exotic wager in terms of how many stakes were raised and does the earnings compensate on that. This is referred to as “a submission. The British. So if you’re betting on the favorite, such as. Check your potential winnings on accumulators, Lucky 15s and all your favourite bets with Paddy Power online bet calculator. Additional places. a. SUPERFECTA KEY WHEEL. These provide the total purses of the races the animal had entered and, finally, the performance-class factor rating. 00 wager. Try selecting three in a row with a Pick 3 Horse Racing bet! What is a Pick 3 bet in horse racing? With a Pick 3 bet, you win if you correctly select the winners of three consecutive horse races. Place: your selection must finish in the top 2. Low margins. Fixed Parlay Payout vs. 33%. 50, you will be guaranteed a profit of £7. Therefore, the total amount for this Pick-5 ticket will be $48. your stake. To figure out how much money you could win on your wager, multiply the stake amount by the odds in fractional form. Select the method you wish to use and the calculator will do the rest. But the prices are weighted accordingly. Max refund per qualifying bet is £10 (up to £50 in total). 4 * 3 = 12 12 / 1 = 12 12 + 4 = 16 For the example above, I would be paid out $16 in total as I made a profit of $12 on my initial $4 entry. 00 for a $2. Pick 3/4/5/6 – Selecting the winning horse in 3/4/5/6 consecutive races. All selections must win for the bet to generate a return, but the payoff can. If the horse wins, the bettor collects three ways; if second, two ways (place, show); and if third, one way, losing the win and place bets. Pick 5: In this type of online horse racing bet, players choose five winners of consecutive races, often held on the same day. Traditionally most tracks offered a minimum Win wager of $2. For an exacta bet, the bettor must wager on the top two finishers of a race, but does not need to declare which horse finishes first or second. Since keeping track of all the figures of the wager, the stakes. Actual Payout: 6 divided by 5 plus 1 = 2. In the UK, horse racing betting is big business.