There are numerous betting options in horse racing, the most popular ones being win bets and place bets.
- What is a win bet? A win bet means you have simply backed one of the horses to win the race, while a place bet involves backing a horse to finish inside one of the first three positions.
- Place bets: Place bets are bets backing a horse to finish inside the top three.
From the definitions, you can clearly deduce that place bets are safer than win bets, hence their odds are lower than those for win bets. It is also possible to combine win and place bets. This type of bet is called an each-way bet.
One of the great things about horse racing betting is that it gives punters numerous betting options!
When you wager on each-way bets, your stake is split into two, with one half going to the win bet and the other half going to the place bet.
If the horse wins the race, you get to win both the win bet and the place bet.
If the horse loses the race but finishes inside the top three, your win bet loses, but your place bet wins.
Of course, there is a multitude of other betting options you can make as well, such as finishing position, match-ups and more.
Some betting sites have a small number of betting options, while other betting sites have a larger amount of betting options. If you want to join a betting site that gives you plenty of different betting options, we recommend taking a closer look at 1xBet!