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How to Bet and Win the Preakness - Anatomy of the Perfect Bet
Look first of all I'd like to be honest with you, I'm not going to claim I "stumbled" upon some "crazy secret system" that nobody knows. In fact, probably more than a few people know what I'm talking about in this article. The truth is that I've been playing the Preakness among many other horse races, for at least 15 years. The Preakness is the first throroughbred race I ever attended, back in the 1990's. I had played at harness tracks, having been introduced to that at a young age, but had never been to a throroughbred track until 1996. That year, my good friend and fellow horseplayer convinced me we should go to Pimlico for a big infield party and some big horse races would break out at some point. I didn't know or care much about anything except the infield party and thought it would be fun. We brought a 12 pack and settled in. Early in the afternoon on the way up, we tuned in to the Baltimore rock station and were hearing all kinds of live music from some of our favorite bands such as Pearl Jam. We were just about pissed off at the fact that we missed some of these bands live, only to show up and find it was just a DJ playing live cuts, and the few local bands on deck hadn't even started playing yet. I was young and after the party was over and horse races had broke out, I was wondering why Louis Quatorze had won the Preakness and we hadn't bet on him. After that I began some more analysis and started using some figures from Brisnet to help me analyze the races. A couple years later I liked Charismatic in the Kentucky Derby, among like 10 other horses, but failed to have the right trifecta boxes since I had little clue what I was doing. I liked him in the Preakness as well, still at good odds since people thought his Derby victory was a fluke, but again failed to have the right trifecta when Badge showed up. But at that point I realized that a pattern was emerging. Eventually I figured this stuff out, although hard-headed about it and unwilling to part from numerical analysis from numbers that I didn't even know how were calculated. I found out it didn't really take a any magic numbers or even much analysis for a basic wagering strategy. With few exceptions, the Preakness is one of the easiest races to bet. Take the top (4-5) horses from the Kentucky Derby that run at Pimlico two weeks later, and undoubtedly 2 of them will finish in the top 4, in fact, usually the top two horses from the Derby will finish 1-2 in the Preakness. It's really that simple. After that you do have to put in some analysis to figure out which "outsiders" will infiltrate the trifecta, or possibly even win the Preakness, along with the Kentucky Derby contingent. There are various tools to use to accomplish this but I normally use one I invented. Unsatisfied with numbers from various other people and organizations with their secret calculations that I did not understand, I decided to make algorithms to create my own numbers and put them into what I call the Grid. Last year, the Grid gave me Preakness winner Shackleford at 13-1 as the top Speed and Power horse. It was an obvious key horse for me and automatic win bet at those kind of odds. Plus, he was a top four Derby finisher. Apparently people forgot he finished 4th not 14th in the Derby, which was very respectable for a frontrunner. Combine him with Derby winner and obvious favorite Animal Kingdom at 2nd, and take Astrology as an improving horse with 4th best Early Pace according to the Grid in 3rd place, and you have a very easy trifecta payout. Add Dialed In, the best Late Pace horse coming off a disappointing but respectable 8th place Derby finish, and you have a very easy superfecta. This is what I call the anatomy of a perfect Preakness exotic bet. You take any of the top 4 Derby finishers that are running at Pimlico, and key them and 1 and 2, get the "outsider" that didn't run in the Derby at good odds, and add another strong contender, usually from the Derby, such as a good late runner for 4th. You would be surprised how many times the Preakness plays out this way. Often the same horse will win the Preakness that won the Derby, which has happened less in the last few years but they still often finish in the money. And in fact the top two in the Derby often run 1-2 at the Preakness. So using the top Derby horses is obvious but where will you find the "outsiders" that will undoubtedly take up a spot or two in the superfecta? Well that is tough to come up with by yourself. Normally you will need more of an advanced handicapping tool for that, which is why I use the Grid. I can tell you that the outsider is almost always at odds from 12-1 to 15-1 so that narrows it down. The year before last the Grid of course gave me the Preakness winner, but only at 2-1 and not much value there, obviously. But also it gave me 11 of 13 winners that day including some nice long shots that provided good exotic payouts. Of course, since I wrote this, it could just happen that the top Derby horses will finish 1-4 in the Preakness, and it wouldn't surprise me at all if that happens. Especially since of my top 6 Derby winning contenders, out of 20, 4 of them finished 1-4 in the Derby. So now you know the basic strategy now for betting the Preakness. You just need to find the right long shot or two to add to your obvious Derby contenders for some nice exotic payouts. If I were you, I'd use the Grid to get them, but that's just because it always comes through for me in these situations.
**My Father does a write up about the derby horses every year. He has been to every Derby since Dust Commander won (1970) We had a great response last year so here is 2018! I will see if I can get him to answer any Derby related questions if anyone is interested. Good luck everyone! As I begin my 36th analysis of America’s greatest horse race, I need to talk about the way that trainers have approached this race over the last 20 years. Back in 1998, the Derby horses had an average of 8.4 career starts before the Derby. That number is now 5.9 career starts for this year’s expected 20 entrants, a decrease of nearly 30% over the last 20 years - so what is happening? There are many possible explanations for this downward trend. The most discussed reason is that trainers are placing more time between their charges’ races than ever before, the result is fewer starts overall for the Derby contenders. Is it possible that trainers are “babying” their horses a little too much? Back in the 70’s the Derby entrants had their last prep race within two weeks of the Derby, now it’s more like 4-6 weeks between a colt’s last race and the Derby. So as a handicapping factor, the number of career starts and the number of starts as a 3-yo seems to be “out the window”. However, I still believe that the colts with more racing experience have a slight edge in conditioning and therefore, a slightly better chance of winning the race. That being said, this year’s field has eight probable entrants who have fewer that 6 career starts, including the probable favorite and several other legitimate contenders. Let’s see how this turns out. So, without any further ado, here is my analysis of the colts (no fillies entered this year) in the 2018 Run for the Roses. Colts are listed in the order of the points they amassed in their prep races – not in the order that I think they will finish: Magnum Moon: This lightly raced, undefeated colt (4 for 4 lifetime), is one of possibly 4 Todd Pletcher colts who will be in the starting gate and is one of two entrants who will be trying to overcome the “Curse of Apollo” (see footnotes for an explanation). He ran the fastest final 3/8 mile of this year’s colts with a time of 36:47 seconds in the Arkansas Derby, a race in which he controlled the pace through very reasonable fractions; running a fast final 3/8 mile is generally a good thing in the Derby. The Arkansas Derby has produced 6 Kentucky Derby winners. He has already beaten one other Derby entrant – Solomini – but the Derby will be his 5 th race in 112 days. He is a May foal and also must overcome the “Curse of Apollo “. If he finds himself up close early, in what is shaping up as a race with a lot of early speed, this will likely compromise his chances. I will have a hard time betting him to finish in the money in this race. Good Magic: This lightly raced Chad Brown trainee (5 starts) actually broke his maiden in the GR1 Breeders’ Cup Juvenile in November and was last year’s 2-yo champion. He has wins over other entrants Flameaway, Bolt’d’Oro, Solomini and Enticed and loses to Firenze Fire and Promises Fulfilled. He had a nice freshening over the winter and came back with a slightly disappointing 3 rd place finish as the odds- on favorite in the Fountain of Youth stakes at Gulfstream in March. His next start was much better as he won the Blue Grass stakes at Keeneland (23 Blue Grass runners have won the Ky. Derby). He is a $1,000,000 Curlin colt, has a great trainer, and his running style will have him off the pace tracking the leaders in the early going. Also, he is considered a “dual-qualifier” (see footnotes for an explanation), an angle that historically has had success in identifying contenders in the Derby. I think he has a good chance of winning the race. Audible: Another lightly raced, Pletcher trained entrant (5 starts) ran a great race to win the Florida Derby. His winning time of 1:49 2 in the race was the fastest 1-1/8 mile time for a 3-yo this year (reminds me of Always Dreaming last year) and the Florida Derby has produced 24 winners of the Kentucky derby. He will have a five-week layoff before the first Saturday in May but he has shown that he can run well off such a layoff. He has beaten other Derby entrants Free Drop Billy and Hofburg. He has several knocks against him however- 1) his breeding suggests that 1-1/4 miles might not be his best distance and he is a great, great grandson of Storm Cat through Harlan’s Holiday– Storm Cat offspring are 0-51 in the Derby – make of that what you will. As good as he has looked this year, I am hesitant to bet him to win, but he might fill out some of the exotics. For those who don’t know, exotic bets are exactas (first two finishers coming in), trifectas (first three finishers coming in) and the superfectas (first four finishers coming in). Noble Indy: Yet another Pletcher trained entrant, this lightly raced colt (4 starts) won the Louisiana Derby in his last effort and has beaten other Derby entrants Lone Sailor, My Boy Jack, but was beaten by Bravazo. He began racing in December 2017 so he is just a little shy of qualifying for the “Curse of Apollo”, nevertheless, the Derby will be his 5 th race in as many months. The Derby will also be his first start in 6 weeks. He seems to have issues breaking cleanly from the gate, which could be a factor in the Derby. He likes to be up close to the pace so that could also be a problem in this race. I am leaning against betting on him. Vino Rosso: Pletcher’s 4 th possible entrant. His last race, the Wood Memorial, was by far his best race of the year as he came from 9 lengths back to win going away over Derby entrant Enticed. However, he was beaten by Flameaway in two stakes races at Tampa earlier in the year. He only has 5 career starts but posted a fast last 3/8 mile in the Wood. Eleven winners of the Wood have gone on to win the Derby, but no colt has done that since 2000. John Velazquez rode him in the Wood and will ride him in the is Derby - which kind of surprises me as I think the other Pletcher colts are better than Vino Rosso and it seems that Johnny V had his choice of which Pletcher colt to ride. He has a closing running style but has never been in a race with more than 8 competitors, so he may encounter traffic with a 20-horse field. I believe he peaked in the Wood but I might bet him in some of the exotics in the Derby. Bolt d’Oro: This colt has intrigued me for the past two years. He won two GR1 races as a 2-yo and has always been in the money in 5 graded stakes efforts (2 wins, 2- 2nds and a 3 rd ). He is a “dual qualifier” and ran very good races in both the San Felipe (great stretch battle with McKinzie) and the SA Derby (when 2 nd to Justify) in his 2 starts this year. He has beaten fellow entrant Solomini and has lost to that one as well as Good Magic and the aforementioned Justify. One knock on him is that he is not a good gate horse and tends to break slow. Another knock is his trainer Mick Ruis (who also owns him). Mick has a poor win record this year, does not do well with shippers and this will be his first Derby entrant. Either his two starts this year have set him up well for the first Saturday in May OR they may have taken something out of him. His last race was a career best speed figure for him and horses often “bounce” (run worse in their next race) off these types of efforts in their next race. Anyway, I think enough of his natural talent to consider him a potential winner of the race. Enticed: His trainer, Kiaran McLaughlin, hopes that this colt finally gets him and his Owner, Godolphin, their first Derby win. He has been running against the best of his generation for the last two years but his record is spotty against them. He has beaten Free Drop Billy and Promises Fulfilled but he has also been beaten by Vino Rosso, Audible, Free Drop Billy, Firenze Fire and Good Magic. He was beaten in the last two races where he was favored- the Wood and the Holy Bull. He does own a win over the Churchill Downs surface, so he can handle that track. He didn’t come home all that well in the Wood; I can’t see him winning the Derby but, he may get a part of the superfecta. I believe he is a cut below the best of this year’s 3-yo’s. Mendelssohn: Probably this year’s most interesting colt. On the positive side: 1) He is trained by Aidan O’Brien, one of the best trainers in the world, 2) Though he is a European based colt, he came to Del Mar in November and won the Breeders’ Cup Juvenile Turf – quite an accomplishment for a 2-yo, 3) He was a $3M purchase as a yearling (that price shows a lot of confidence in his potential), 4) He went to Dubai in March and won the UAE Derby, a 1-3/16 mile race, by 18 lengths (the 2 nd place horse was a filly who is running in the Oaks)! 5) He is a dual qualifier. Now for the negatives: 1) Prior to his win in Dubai, his first 5 of his 6 races were on turf tracks in Ireland and Great Britain and the other was a mile on the synthetic track at Dundalk, 2) He raced in Dubai, my experience is that the travel to and from the Middle East takes a lot out of a horse and now he must go to Kentucky! 3) He is descendent of Storm Cat through Scat Daddy and Storm Cat’s descendants are 0-51 in the Derby. As an aside, his sire Scat Daddy, could have four starters in the Derby and if the Storm Cat futility holds up there are four colts who will not win. 4) Like several other colts in the race he is a May foal and late foals have not had success in the Derby in the last 20 years. I suspect that he will be well hyped come Derby time and will take a lot of action at the windows. I will take a stand against him. Justify: This colt is the talk of the racing world, the hype and respect he has garnered would make you think that he is the next Man O’WaSecretariat. Well I am not so sure that he will win the Derby, though many experts say that he will be the favorite in the race. I base my opinion on the following: 1) He must overcome the “Curse of Apollo” (this will be his 4 th race in 76 days), 2) He is a descendent of Storm Cat and like Mendelssohn is out of Scat Daddy and Storm Cat’s descendants are 0-51 in the Derby. 3) Though undefeated in 3 career starts, he has not had to overcome any adversity in any of those races (though some might say that he is so good that he naturally dominated his competition, kind of the way American Pharoah did in 2015), 4) He will face more colts in the Derby than he has faced in his three career races combined (read that again)- in other words he is not battle tested. 5) The amount of quality speed in the Derby may compromise his chances if Mike Smith decides to keep him close to the pace. 6) His race in the Santa Anita Derby was a career high speed figure for him and he may “bounce” off that effort. NOTE: the Santa Anita Derby winner has won 10 Kentucky Derbies and 7 other Derby winners have come out of the race. On the positive side: 1) He is trained by Bob Baffert who is arguably America’s best trainer with 4 Kentucky Derby wins already and a Triple Crown win – he obviously is a trainer to take seriously in the Derby, 2) In his last race, the Santa Anita Derby he defeated Bolt d’Oro a legitimate Derby contender, and, 3) He gets the services of Mike Smith. “Money Mike” is America’s best jockey but he only has 1 Kentucky Derby winner from 23 mounts. I really can’t play this colt to win, but I probably have to include him in my exotic bets – he might just be as good as some experts are saying and maybe Mike gets his 2 nd Derby win. Flameaway: Trained by Mark Casse who will be looking for his first Kentucky Derby win, this colt is one of the more accomplished in the field this year with 9 career starts, including 4 this year. He was beaten Good Magic in his last race –the Blue Grass Stakes. His preferred running style is to be up close or on the lead so that will put him in the thick of a hot pace in the Derby. Probably not the place to be! He has one start over the CD track and that resulted in the worst defeat of his career in the Iroquois Stakes. He is also another colt who traces to Storm Cat through Scat Daddy so you all know by now what that might mean. His breeding indicates that he may have trouble with the 1-1/4 miles of the Derby. I don’t see him finishing in the money in the Derby. Solomini: Baffert’s second possible entrant in the race has never been out of the money in 6 career starts, but he only has a maiden win to show for his efforts (he was disqualified from 1 st to 3 rd for interference in the Los Alamitos Futurity during a stirring stretch duel). He has been beaten by Magnum Moon, Good Magic and Bolt d’Oro – that’s some pretty good company right there! But alas, his dam is out of Storm Cat (here we go again). He is owned by Zayat Stables who brought us American Pharoah so they know their way around the track – so to speak - and Baffert’s record speaks for itself. Is there a Baffert exacta possible in the Derby? I kind of doubt it. Like Justify, I may have to use this guy in a tri or super. Bravazo: This D. Wayne Lukas trainee was thoroughly beaten in his last Derby prep, the Louisiana Derby. He finished a distant 8 th , beaten by 21 lengths as the 2 nd choice in the betting. Those finishing ahead of him include Derby entrants Noble Indy, Lone Sailor, and My Boy Jack. He won the Risen Star over the same track in his previous start so how could he have such a reversal in form? He has competed against many of the best of his generation with varying degrees of success – beating both Noble Indy and Lone Sailor but losing to Enticed and Free Drop Billy. D.Wayne knows how to get a colt to run well in the Ky Derby (after all he has won the race four times), but Bravazo’s poor effort in Louisiana is hard to explain. It’s great to see D.Wayne with another Derby entrant, but I think I will pass on this one. My Boy Jack: This colt has the most career starts of any of the Derby entrants with 10. He is very consistent, being in the money 8 times in his 10 starts. Early in his career he was considered a turf horse but has found dirt to be to his liking. Trained by Keith Desormeaux and ridden by his brother Kent – winner of three Derbies- this colt is one of the four confirmed closers in the field. If the pace is fast, as expected, he is the most likely closer to have a shot, provided he can avoid traffic problems (hard to do with a dozen or more colts in front of you) when he starts to make his move. He will likely have to be wide around the last turn but he is capable of running a fast final 3/8 mile. He is out of Creative Cause so he is another entrant who is a descendent of Storm Cat. If the Storm Cat descendants continue their futile runs in the Derby he may not win. All this being said, I think I have to include him in some exotics as the most likely closer to hit the board. Promises Fulfilled: One of two Dale Romans’ entrants, seems like he has only one way of going – to the front! I don’t see him having an easy lead like he did when winning the Fountain of Youth Stakes beating Good Magic. He finished last, beaten by 35 lengths, in the Florida Derby after setting fast early fractions losing to Audible. The Derby will certainly not be a slow pace and this will compromise his chances. He has run well over the CD strip, being in the money in two starts. However, his breeding screams “sprinter” with a dosage index of 9.00; he is a descendent of Storm Cat through Forestry and he is a May foal. Given these negatives – running style, high dosage index, descendent of Storm Cat and late foaling date I will pass. Free Drop Billy: Dale Romans’ second entrant, is also a May foal and a descendent of Storm Cat – two negatives to consider. On the other hand: 1) He won a GR1 stakes as a 2-yo beating Bravazo and Lone Sailor, 2) He has been in the money 7 out of 8 career starts, and, 3) He is a “dual qualifier”. He was beaten in the Blue Grass by Good Magic and Flameaway. He has also lost to Enticed, Audible, Solomini, Bolt d’Oro and Firenze Fire in other races. As you can see, he has been beaten by many of the same colts he should face on May 5 th , not exactly a vote of confidence for his win chances. He has one win over the CD strip when he broke his maiden. He has always been well supported at the windows but come May 5 th , I think he will be a longshot and I won’t play him. Lone Sailor: This Thomas Amoss trainee ran well enough in the Louisiana Derby to place 2 nd in what was his best race, however, he only has a maiden win to his credit in 8 career starts going into the Derby. He was beaten by Noble Indy, Enticed, Promises Fulfilled, Free Drop Billy and Brazavo when he faced them. This colt is another who does his running from the back of the pack and may face traffic issues turning for home. However, he had a tremendous 5f work at CD on 4/20 that has the clockers talking. I can see him improving enough to be in the superfecta in the Derby. Hofburg: Not really sure what Bill Mott and his connections (Juddmonte) are thinking entering him in this race - they should know better (perhaps he will scratch). His 2 nd place finish in the Florida Derby earned him enough points to get into the Derby but he only has 3 career starts and if your best effort in a stakes race is a 2 nd , why bother entering the Derby? There isn’t much to say about this colt other than I think he should stay in the barn come the Derby. Firenze Fire: Trained by Jason Servis, the trainer of 2004 Derby winner Smarty Jones, this colt has not lived up to the 2-yo potential he showed when he won both the GR1 Champaign and the GR3 Sanford Stakes. He comes into his 3-yo campaign with a mile win in the Jerome over a muddy track, while being beaten in his last 3 starts – the Wood, the Gotham and the Withers stakes. He has been beaten by fellow entrants Vino Rosso, Enticed, Free Drop Billy, Good Magic, Solomini, and Bolt d’Oro, and in turn he has beaten Good Magic, Enticed and Free Drop Billy so you could say that he fits right up there with the best of his generation. I don’t think that his 2-yo form has transferred to his 3-yo campaign, so I will have a hard time backing him come Derby day. Combatant: One of Steve Asmussen’s four possible entrants. This colt has only one win in 7 career starts but he has run 2 nd or 3 rd enough times to get the points (32) needed to get into the race. It is hard for me to back him in any kind of wager except maybe a superfecta. He has been beaten by Magnum Moon, Solomini and My Boy Jack, when he faced them. He is a descendent of Storm Cat so beware of that and he is a May foal, another negative. If I play him at all it may be in the superfecta – he could run 4 th I guess. Instilled Regard: This Jerry Hollendorfer trainee won the LeComte at the Fairgrounds in his 3-yo debut, but then ran 4 th in the Risen Star at the Fairgrounds after flying back and forth to California – guess he didn’t like the travel. In his next start he again finished 4 th this time to Justify in the Santa Anita Derby - never really getting into the race. He has 2 wins from 7 career starts and he has been in training since his career debut in September 2017. In the Derby, it will be hard for me to bet him. The negatives against him are: 1) In the Lecomte, he really didn’t beat anyone of note, 2) His speed figures haven’t improved since he ran in the Los Alamitos Futurity in December, and, 3) He really hasn’t shown any improvement in his races this year. So there are the top 20 horses, but I need to look at 1 more in the event that there are scratches or other defections. Blended Citizen: The Doug O’Neil trainee has earned only $31,890 of his total earnings of $196,854 on dirt, he has earned most of his money racing on synthetic surfaces at Golden Gate and Turfway. His most recent start was in the Blue Grass Stakes where he finished 5 th to the likes of Good Magic, Flameaway , Sporting Chance and Free Drop Billy. He has never won a race on a dirt surface in four tries, the last time I looked, CD was a dirt track. I really don’t think he will have an impact in the Derby. So, there you have it, my analysis of the top possible entrants for the Derby. The big question is how will I bet this race? Well there are two colts in here who “checked” all the right boxes - the boxes that point to a Derby winner – Good Magic and Bolt d’Oro. It is hard to separate these two, but something tells me that Chad Brown will win his first Derby with Good Magic (even though he only has 5 career starts), although I could also be talked into betting on Bolt d’Oro to win. I may place a few hundred dollars to win on Good Magic - I will just have to see come Derby day if I place the win bet on Bolt d’Oro instead. I will have a $10 four-horse exacta box with these two and Justify and My Boy Jack. I will make a $1 five- horse trifecta box using Good Magic, Bolt d’Oro, Justify, My Boy Jack and Vino Rosso. I will then play a $1 six-horse superfecta with Good Magic, Bolt d’ Oro, Justify, My Boy Jack, Audible and Vino Rosso. You will notice that I do not plan on making a win bet on the two “curse” of Apollo colts, the seven Storm Cat descendants, the four colts with dosage numbers above 4.00 or the five colts who are May foals. I am following history and statistics in deciding to eliminate the colts that do not have “history” on their side. Hope they don’t let me down by winning! Things can change between now and race time. As always, I reserve the right to change my mind on these bets depending on what happens between now and Derby day. Footnotes: Dual Qualifier: Is a colt who was weighted within 10 pounds of the 2-yo high weight in The Jockey Club's Annual Top 2-Year- Old Rankings (this is a weight-based assessment of the previous year's leading 2-year- olds for a hypothetical race at 1 1/16 mile with the top colt assigned a theoretical 126 pounds to carry in the race) and has a dosage index of less than 4.00. The Dosage Index: Is a mathematical figure used by breeders of race horses, and sometimes by bettors handicapping horse races, to quantify a horse's ability, or inability, to negotiate the various distances at which horse races are run. It is calculated based on an analysis of the horse's pedigree. A dosage index of less than 4.00 indicates the ability to get a route of ground (1-1/4 mile or farther). Curse of Apollo: Since 1882, no colt has won the Kentucky Derby who did not race as a 2-yo. Since 1937 61 colts raced in the Derby but did not have a race as a 2-yo – none of them won. Storm Cat futility: Descendants of Storm Cat are 0-51 in their Derby attempts. I know this is a lot to digest, especially for those of you who are not that knowledgeable about thoroughbred racing. Anyway, I hope you enjoyed reading it and I wish you all the best if you decide to bet the 2018 Kentucky Derby. May the horse be with you.
Wheeling wagers are a form of exotic horse racing betting that gives the bettor more power in choosing their favorite picks, without bolstering the ticket price as much as box betting. Wheel horse racing betting is best applied when you are certain which horse will win the race, but not so sure about the followers. Exotic Wagering can be tough to hit because you are trying to pick the horse that is going to win in consecutive races. It hard enough sometimes to pick one winner for a single race let alone a winner in 3,4,5 or 6 races! Learning how to bet the horse races can be a profitable experience, but if you really want to supercharge the wagering and take it to the next level you will have to move beyond win, place, and show betting and master the exotic bets known as the exacta, trifecta, and superfecta. These bets are the bread and butter of the professional horseplayer. Free horse racing betting calculator for handicappers to determine cost of exotic wagers based on wager type and combinations. FREE EXOTIC WAGER COST CALCULATOR: Use this calculator to determine the cost of an exotic wager that you wish to bet. Start Over: The basic types of wagers online are win, place and show wagering. If you bet on a horse to win, the horse must finish first. If you bet to place, the horse can finish first or second. 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.
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