Win Bet

The win bet is the most basic form of bet in horse racing. Also called the”Straight Bet” or the”Single”, this is a single proposal on a single horse. You are betting on if the horse you select will win or not.
If your horse crosses the finish line , you win the wager. It is irrelevant whether your horse finishes second or twelfth, if it does not win first place, then you eliminate the bet. The odds are going to be longest (of all types of single bets) on the right wager, while the payouts are going to be largest.
Straight Bets And Grow On Horse Races
This sort of wager can find a little confusing for new parimutuel betters, because the win wager is occasionally referred to by the expression”straight bet”. However, there is also the distinction between straight stakes (win, place, show) and exotic bets (others at the horse track). Should you hear the term straight bet and it will not make sense in a circumstance opposite exotic stakes, then the individual probably is referring to a simple win bet.
Example Of A Straight Bet
For an illustration of how a win wager functions, I’m likely to use the field to the 2011 Kentucky Derby. Instead of giving the list by starting or finishing position, I wanted to number the record by which horses started as the gambling favorites and which were the dark horses. I’ve also included which place from the pole each horse started, along with where they finished. The odds posted are the opening gambling line. Remember that nearly all of these lines affected from the start of the race.
Dialed In — 4 to 1 Odds — 8th Post Ranking — 8th Place Finish
Nehro — 6 to 1 Odds — 19th Post Ranking — 2nd Place Finish
Archarcharch — 10 to 1 chance — 1st Post Position — 15th Place Finish
Midnight Interlude — 10 to 1 — 15th Post Position — 16th Place Finish
Soldat — 12 to 1 — 17th Post Position — 11th Place Finish
Mucho Mucho Man — 12 to 1 — 13th Post Position — 3rd Place Finish
Shackleford — 12 to 1 — 14th Post Position — 4th Place Finish
Pants on Fire — 20 to 1 — 7th Post Ranking — 9th Place Finish
Twice the Appeal — 20 to 1 — 3rd Post Position — 10th Place Finish
Stay Thirsty — 20 to 1 — 4th Position — 12th Place Finish
Animal Kingdom — 30 to 1 — 16th Position — 1st Place Finish
Master of Hounds — 30 to 1 — 11th Position — 5th Place Finish
Santiva — 30 to 1 — 12th Ranking — 6th Place Finish
Outstanding Rate — 30 to 1 — 2nd Position — 7th Place Finish
Derby Kitten — 30 to 1 — 9th Ranking — 13th Place Finish
Decisive Moment — 30 to 1 — 5th Ranking — 14th Place Finish
Twinspired — 30 to 1 — 10th Ranking — 17th Position End Watch Me Move — 50 to 1 — 20th Position — 18th Place Finish
Comma To the Top — 50 to 1 — 6th Ranking — 19th Place Finish
So if you chose to place a straight bet on the favorite entering the Kentucky Derby, you’d have bet on Dialed-In at 4-to-1 odds. “Dialed In” finished 8th, a losing proposition, but you’d have lost had Dialed-In finished anywhere between 2 and 19.
In reality, the only real straight bet that would win could have been the only placed on Animal Kingdom, entering the race as a member of seven horses with 30-to-1 chances. This single-bet win could have provided a considerable payoff, since Animal Kingdom was only a part of the pack before the race.
This tells you a few things about betting on horses, aside from the fact that long shots may win, too. As you can see, with a position on the exterior is useful, as no horse at the Top 6 has been anywhere closer than the 11th place from the pole, while the Top 3 finishers began in the 16th, 19th, and 13th position, respectively. Both Animal Kingdom and Nehro may have been helped by the fact that the horse in the 18th position pulled out before the race, clearing out a little extra distance for jockeying place.
Odds On Directly Horse Racing Bets
As soon as chances are posted, individuals wanting to place a straight bet will make decisions on these odds, influenced by a horse’s place position, the reputation of the rider, the standing of the trainer, the horse’s personal race history and pedigree, along with some other information coming out of the horse’s camp. This results in the chances to move in 1 direction or another as the week goes on. As in most proposition betting, many severe betters tend to create wagers early following the chances are put, to make the most of any perceived advantages in the oddsmaking. Late stakes frequently go against the gambling public.
In this example, the betting favorites (Dialed In, Nehro) were bet from 4-to-1 to 5-to-1, while Nehro was wager from 6-to-1 to 8.5-to-1, therefore there weren’t too many wagers coming in on these horses since the oddsmaker predicted. Animal Kingdom’s chances were down to 20.9-to-1 from the start of the race.
Potential Payoffs On Win Bets
The payoffs are some of the best in horse track racing on straight stakes, because the chances that any 1 horse is going to win a race are comparatively tiny. The preferred tends to have the chances against it. You aren’t going to win frequently making straight bets, but if you hit Animal Kingdom, you’re paid between $20,000 and $30,000 on a $1000 right wager, which explains why so many gamblers get involved in straight wager action.

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