There are two main types of wagers: straight wagers and combination or "exotic" wagers. Straight wagers only involve one horse, while combination wagers involve two or more horses.

Straight Wagers:

Win: You collect only if your horse finishes first.

Place: You collect if your horse finishes first or second. However, if your horse wins, you only collect the Place payout.

Show: You collect if your horse finishes first, second or third, but you collect only the Show payout.

'Across The Board': You are wagering on a horse to Win, Place and Show. If your horse wins, you receive Win, Place and Show payouts. If your horse finishes second, you receive Place and Show payouts; and if your horse is third, you receive the Show payout.

Combination or "Exotic" Wagers:

Daily Double: To collect, you must select the winner of two consecutive races. For example, you must select the winner of the first race and the second race. Wagers must be placed before the first of your two races.

Exacta: To collect, you must pick the horses that finish first and second in exact order. For example, if you play a 4-7 exacta, the #4 horse must Win and the #7 horse must Place (come in second) for you to win the exacta payoff.

Exacta Box: Is made to guarantee the outcome of the first two finishers regardless of which horse wins. For example, if you box the #4 and #7 horses and either the #4 or the #7 horse wins and finishes second, you win.

Trifecta: Is similar to an exacta, except you must pick the horses that finish first, second, and third in exact order. For example, if you play a 4-7-1 trifecta, the #4 horse must Win and the #7 horse must come in second and the #1 horse must come in third.

Trifecta Box: Is made to guarantee the outcome of the first three finishers regardless of which horse wins. For example, if you box the #4, the #7 and #1 horses and either the #4 , #7 or the #1 horse wins, finishes second and third, you win.

Superfecta: Is similar to an exacta and trifecta, except you must pick the horses that finish first, second, third and fourth in exact order.

Pick 3: To collect, you must pick the winners of three consecutive races. You must make your selections before the first race of your Pick 3 wager.

Pick 4: To collect, you must pick the winners of four consecutive races. You must make your selections before the first race of your Pick 4 wager.