In horse racing, you are not trying to beat the house, but the other bettors around you. Your winnings will come from the pooled wagers on your horse. The management has nothing to lose when you win so that you have a bigger chance of winning than when gambling on a casino. When placing your wager on the window, tell the clerk the name of the track, the amount of your bet, the type of bet, and the number of the horse that you are betting. There are several types of bets at Richard Schibell Racing. For a beginner like you, “Win” is the easiest to understand because you win when the horse that you bet on reaches the finish line first. You can also bet on “Place” or “Show”. “Place” means that you win when your horse finishes first or second while “show” means that you win when your horse finishes first, second, or third place.
Infographic by Richard Schibell Racing