When you place a winning bet, you’re betting on a particular horse to win the race. Win BetĪ win bet – or horse racing moneyline – is the most straightforward wager you can place. These horse racing bets are popular due to their simplicity and the increased chances of winning. Understanding the terms Win, Place, and Show is crucial in horse racing betting. Horse betting has various layers of bet types, including the most basic wagers like win, place, and show. Instead of expecting horse racing prop bets or moneylines, you will encounter different terms for horse racing betting. These three races constitute the Triple Crown – a series of horse races for three-year-old Thoroughbreds. However, the modern history of US horse betting can be traced back to the establishment of the Belmont Stakes in 1867, the Preakness Stakes in 1873, and the Kentucky Derby in 1875. Organized horse racing in the United States began in the 1600s. Horse racing is an ancient pastime, and we can trace the history of betting on horses back to the Roman civilization when chariot racing was the most popular sport of the empire. Lastly, we will provide a checklist of things to consider when betting on horse racing. After reading this guide, you will understand how horse racing odds work and how to prepare for successful betting using advanced strategies.
