The exact process for placing exotic bets online varies from one racebook to the next, but any differences across different betting sites are minor. Bettors who can place an exotic bet at one racebook will have no trouble placing them anywhere else.

Starting with the absolute basics, bettors need to begin by choosing a safe, legal and licensed horse racing betting site. The next steps are to sign up for an account and make a deposit. After signing up and depositing, bettors have everything they need to place exotic wagers, watch live races, and claim their winnings.

The next step is to log in and choose an upcoming race. Most horse racing betting sites provide a list of upcoming races immediately after logging in, sorted by minutes to post MTP, or when the race begins.

Next, bettors can select any upcoming race to view the card, wagering options, track conditions, jockey information, and so on. After selecting a race, bettors can use a menu to select the type of wager they want. Some online racebooks use dropdown menus to display the available types of exotic wagers, while others use buttons that users can select to choose their wagers.

In the following screenshot, the wagering interface uses a dropdown menu where customers can choose between various straight and exotic bets. In this example, I have chosen horses number 2, 4, 5, and 7 in that order. If your bet wins, the racebook will credit your account after the race, allowing you to continue wagering or withdraw your winnings.

Now, we move into some of the more complex types of exotic horse racing wagers. Boxing a bet is one step up from placing a plain exotic wager, but it is still not too difficult. The main thing to understand is that boxing an exotic bet lets you cover every possible combination of selections.

Predicting the finishing positions of two, three, four, or more horses is what makes exotic wagers such high paying bets, but doing so is no easy feat. Horseplayers interested in increasing their chances can box their bets to cover additional outcomes — for a price.

Boxing a bet involves covering every possible combination of selections. The bettor also has the option to add additional horses to the ticket. For example, consider the trifecta bet. Picking three horses to finish in first, second, and third place in that exact order is extremely hard.

A bettor who is willing to spend a little money can select three horses and box the bet to ensure it wins no matter the order those horses finish.

For example, if the bettor places a three-horse box trifecta on horses 2, 3, and 4, he will be covering each of the following outcomes:. By boxing the trifecta, the bettor has guaranteed a win if the selected horses finish in the top three spots in any order.

The costs of boxing exotic horse bets rise sharply as bettors add more horses to the mix. Moving up one more step in difficulty is the keyed exotic horse racing bet. The trick to understanding this bet is to understand how to box a wager see above.

By picking one horse as the key runner who must finish first, the bettor can reduce the number of possible combinations and in turn reduce the cost of the wager. For example, a bettor can key a trifecta by placing Horse 4 over horses 6, 7, and 8. This bet will win if Horse 4 finishes first and any of the other selections finish in second and third place in any order.

One thing to keep in mind with this bet is that it only wins if the keyed horse s finishes in first place. The bettor has reduced the number of winning combinations by keying the horse, but he has gained by saving money on the wager.

Bettors can key exactas, trifectas, Pick 3s, Pick 6s, and other exotic bets. Read more about keying horses, including how to calculate costs, here:. A full wheel involves selecting one or more key horses and the rest of the field to cover the remaining positions.

For example, an exacta full wheel on Horse 7 over the field in an 8-horse race would cover all of the following outcomes:. This bet would win in all outcomes, as long as 7 finishes in first place.

Full wheel bets can get expensive depending on the type of exotic wager involved and the number of horses in the race. A part-wheel simply describes keying one horse over several others but not covering the entire field. Continuing the above example, an exacta part-wheel might key Horse 7 over Horses 1, 2, 3, and 4, which would win in the following outcomes:.

A straight bet is a win, place, or show wager — all of which involve selecting a single horse in one race.

Exotic bets involve multiple horses, either in a single race such as picking the first and second place runners or across multiple races such as picking the winners of three consecutive races.

The most well-known types of exotic horse racing bets include the exacta, quinella, trifecta, superfecta, daily double, pick 3, and pick 6. Any other variant that involves selecting more than one horse also qualifies as an exotic.

The takeout rate on exotic bets is usually about five percent higher than for straight bets. The actual amount varies depending on the state and venue. It is usually between 20 and 25 percent.

The takeout rate for exotic horse racing bets is usually 20 to 25 percent, depending on the venue and local racing regulations. An exacta bet is when the bettor chooses two horses to take first and second place. The two horses must place in the exact order picked or the exacta loses.

As a former professional online poker player, Wes approaches his work from the viewpoint of players. Subscribe to our newsletter to stay up to date with the latest US betting news and gain access to exclusive bonuses, promotions, and offers.

Skip to content. Gambling Problem? Call GAMBLER Get Bonus. Table of Contents. What is the difference between straight and exotic bets in horse racing? What are the types of exotic horse racing bets? Is the takeout rate higher on exotic bets than it is for straight bets in horse racing?

What is the takeout rate for exotic horse racing bets? An accumulator comprises of four or more selections in one bet.

All of the selections must win to guarantee a return. A bet comprising three selections and four bets — three doubles and a treble. A minimum of two selections must win to guarantee a return.

For example, a £2. A bet involving three selections and seven bets — three singles, three doubles and one treble. It is the equivalent of a Trixie but with the addition of three singles. A bet consisting of four selections and 11 bets — six doubles, four trebles and a fourfold. A minimum of two selections must win to guarantee you a return.

For example, a £2 Yankee would cost £ A popular betting type among punters, it consists of four selections and 15 bets hence the name — four singles, six doubles, four trebles and a fourfold.

Equivalent to a Yankee but with four singles, and only one selection must win to guarantee you a return. For example, a £2 Lucky 15 would cost £ A wager consisting of five selections and 31 bets — five singles, ten doubles, ten trebles, five fourfolds, and one fivefold.

Only one selection must win to guarantee you a return. For example, a £1 Lucky 31 would cost £ Also known as a Canadian, a Super Yankee is a bet on five selections consisting of 26 bets — ten doubles, ten trebles, five fourfolds and a fivefold accumulator.

The Heinz bet is a six-selection bet consisting of 57 bets: 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and a one sixfold accumulator. A Lucky 63 is a bet featuring six selections and 63 bets, including: six singles, 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and one sixfold.

The Super Heinz is a bet on seven selections taking part in various events consisting of 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, seven sixfolds, and a sevenfold accumulator which totals a huge bets. Two selections must win to ensure any returns. A Goliath is a bet on eight selections taking part in various events consisting of 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, eight sevenfolds and an eightfold accumulator totalling bets.

This is a bet on six selections composed of 26 bets: two patents 14 bets , one yankee 11 bets and a sixfold accumulator one bet. A Single Stakes About is an Any To Come bet consisting of two selections from events, these are then compiled to produce two bets derived from two singles.

Any return on each single up to the original stake amount is used to fund a further single on the other selection. A Double Stakes About is an Any To Come bet consisting of two selections partaking in different events, which are compiled to produce two bets derived from two singles.

Any return on each single, up to double the original stake amount, is used to fund a another single on the other selection. The Round Robin is a three selection wager compiled of ten bets: three doubles, one treble and three up-and-down single stakes about pairs.

Groupings are determined by laying out the selections in a 3×3 grid. This forms three horizontal trebles, three vertical trebles and two diagonal trebles. A straight forecast is correctly predicting the finishing order of the horses in first and second in a race.

It costs double that of a traditional win bet and will yield some sort of return if the selection wins or is placed. If the horse places you will receive £15, but if the horse wins you will collect £60 £45 for the win and £15 for the place , both returns including the original stake.

A reverse forecast is correctly selecting the first two horses but in no particular order. Mаtched bеtting is a bеtting technique used by individuals to profit from the free bets and incentives offered by bookmakers.

The Placepot is another favourite for racegoers.

If any three of your selections fill the first 3 placings then you would win the bet. A runner selected to finish first a standout is combined with two or more other runners to finish second and third in any order.

You can also standout a single runner to finish second or third if you wish. This bet allows you allows you to still specify the number of runners you wish to back, but you can also specify what amount you would like to invest based upon your budget.

You want to box 5 horses in a trifecta. There are four different types of First 4 betting - Straight, Box, Standout and Multiple First 4 bets.

Straight First 4 Requires selection of the first four placings in a race in the CORRECT order. Box First 4 This bet allows your selections to finish first, second, third and fourth in ANY order.

Boxing four selections gives you 24 combinations with which you can win a First 4 bet type. Standout First 4 One runner is selected to finish 1st a standout , and is coupled with three or more runners to finish second, third and fourth. Multiple First 4 A multiple First 4 is where two or more runners are selected to finish 1st, with a number of other runners to finish 2nd, 3rd and 4th.

A Big 6 bet type involves selecting the winners of six nominated races nominated as legs of the Big 6 for a particular meeting. Pick all six winners across the six races and you win the Big 6 dividend. As with the First 4, flexi betting is available for the Big 6, allowing you to add as many runners as you like to suit your betting budget.

Naturally, the possible combinations are much higher, and more expensive, than a First 4, especially with a Big 6 running across six races.

A Quadrella requires you to pick four winners from four races nominated by a TAB at a race meeting. A Quadrella differs from an All-Up in that the dividend is determined by dividing the amount of money in the dividend pool amongst successful investors, as opposed to an All Up that transfers your winnings from one race to the next.

Flexi and Mystery Quaddie betting options are also available. To calculate the amount you need to spend to couple more than one horse in each leg simply multiply the number of selections in each leg together.

Some bookmakers provide their own exotic options, such as a Place Card. This is selecting four horses to finish in first, second or third place in four designated races, basically a quadrella for place getters.

Place odds are multiplied together to calculate a price. To win, all four selections must place in each race. We recommend Unibet for the best horse racing bet types. Daily Doubles and Extra Doubles requires you to correctly pick the winners of two TAB nominated races at a meeting.

They both have to win their race for you to successfully win your bet. Double dividends are calculated by the amount of total money in the pool at race end.

A dividend is then declared after the race is run. The Running Double requires you to correctly select the winners of any two consecutive races at the one race meeting e. Race 2 winner and Race 3 winner. Running doubles are available across the board and can often through up a good dividend if you think outside the box.

A Treble involves picking the winner of three separate races. The first bet returns are rolled over to the second bet, then the second bet returns are rolled over to the third bet. Each of the three selections must win for your bet to be successful. Selecting three winners can accumulate into a large dividend if bet with value in mind.

All three bets have to win for your bet to be successful. Also known as an Accumulator or Parlay. An All Up allows you to select one or more runners to win or place on different races and all of your selections are required to be successful for the All Up to win.

The payout is worked out by multiplying your initial stake amount by the odds for each of your selections. Number 2 Race 2 , Number 4 Race 4 number 6 Race 6 and number 8 Race 8. Assuming all runners win All up betting allows you to win a large amount of money for a very small outlay if you select wisely.

Most bookies allow you to have all up bets over different meetings across different race codes, including Harness racing and Greyhounds.

Another form of Multi-bet is the Parlay, which is a set number of combinations where all are required to win for you to be successful. Each Parlay has a set number of legs but when you select a Parlay, you are choosing all possible combinations of Multi-bets for that number of legs.

In addition, some Parlays also include single bets on each selection or leg. The key advantage of a Parlay over a standard multi is that if some of your legs are successful, then you will still win a dividend based upon the amount of successful combinations you chose.

Same Race Multi is an exciting bet type available at online bookmakers. It allows you to pick multiple runners to Win, or finish within the Top 2, 3 or 4 in a race.

The Same Race Multi bet affords you greater flexibility with your betting, No longer do you have to finish in the top 3 to receive a return on your bet. Whatever your bet choice, always remember to gamble responsibly and never bet more than you can afford to lose.

The following horse racing info explains more about betting on Australian thoroughbred racing. Betting Guide - If your new to racing then we recommend reading our Betting Guide to learn more about the intricacies of online betting. A common bet at US bookmakers.

Each-Way This is a bet on a specific horse coming first, and an equal size bet on it placing. Exacta or Perfecta This is a bet on the exact order of first and second. Quinella This is a bet on which horses will come first and second, in no particular order.

Trifecta This is a bet on the specific order of first, second and third. First4 or Superfecta This bet is like the Trifecta, except the fourth place horse must also be chosen correctly. Multiple Bet This is a bet that relies on a linked series of wins on multiple races.

Discover More. banking Find out the quickest ways to deposit and withdraw money at UK horse betting sites. free bets Find out more about risk-free bets and the benefits of placing them on horse racing.

Belmont Stakes One of the top international races around, held in America on the 1.