Before you dive into the world of horse racing betting, it's important to know the two main types of wagers: straight bets and exotic bets. These categories define everything from a simple Win ticket to a complex Superfecta box. Whether you're just getting started or refining your strategy at MyWinners, understanding the difference will help you choose the right bet for your style and bankroll.
What are straight bets in horse racing?
What are straight bets in horse racing?
Straight bets are the most basic form of wagering — you’re betting on one horse to finish in a specific position in a single race:
Win – Horse must finish 1st
Place – Horse must finish 1st or 2nd
Show – Horse must finish 1st, 2nd, or 3rd
Across the Board – A combination of the three above
These are great for beginners because they’re simple, affordable, and available in every pari-mutuel race.
What are exotic bets in horse racing?
What are exotic bets in horse racing?
Exotic bets require you to predict the finishing order of multiple horses in a single race (vertical) or across multiple races (horizontal):
Vertical exotics: Exacta, Trifecta, Superfecta
Horizontal exotics: Daily Double, Pick 3, Pick 4, Pick 5, Pick 6
They offer larger potential payouts but come with greater risk — and often require more complex combinations or handicapping skills.
Why do bettors use both types?
Why do bettors use both types?
Straight bets offer reliable, low-risk action — ideal for steady returns or new players
Exotic bets give experienced bettors a chance to hit big from small stakes
Combining both lets you:
Hedge bets (e.g., Win + Exacta Box)
Diversify strategy across race types and formats
Maximise value by spotting overlays in exotic pools
Most regulars at Winners venues or online via MyWinners use a mix of both, depending on the card.
What kinds of races offer these bets?
What kinds of races offer these bets?
You’ll find both straight and exotic bets available on:
Thoroughbred racing
Harness racing
Quarter Horse racing
Greyhound racing (where permitted)
All race classes — from low-level Claimers to elite Grade 1 Stakes — support both formats.
What should bettors know about exotic vs. straight wagers?
What should bettors know about exotic vs. straight wagers?
Straight bets usually start at $1 or $2
Exotic bets may allow $0.50 or even $0.10 base wagers
Exotic combinations can get expensive fast — box and wheel with care
All bets at MyWinners are pari-mutuel
You must be physically located in a licensed US betting state to wager online
💡 Did You Know? In 2019, a bettor played $10 to Win on a 25–1 longshot and cashed $260. Another played a $1 Superfecta Box and hit for $5,400 — on the same race. One bet was simple. The other? Strategic chaos with a jackpot.
Frequently Asked Questions
Are exotic bets only for experts?
Are exotic bets only for experts?
No — even beginners enjoy small boxed Exactas or Pick 3s. Just keep your combinations tight and your stakes manageable.
Can I place straight and exotic bets on the same race?
Can I place straight and exotic bets on the same race?
Yes. Many bettors place a Win bet and a Trifecta on the same race — one for safety, one for upside.
Do exotic bets always pay more?
Do exotic bets always pay more?
They can, but not always. If favourites finish in order, payouts may be lower than expected — especially in small fields.
Are exotic bets legal in all US betting states?
Are exotic bets legal in all US betting states?
Yes — where pari-mutuel wagering is licensed. MyWinnersbautomatically verifies your location before accepting bets.
What’s the best way to start with exotic bets?
What’s the best way to start with exotic bets?
Try a $1 Exacta Box with two or three horses — it’s affordable, simple, and gives you a taste of exotic betting without going overboard.