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Understanding Win, Place and Show Betting - Racing Talk - Racehorse TALK

Author Topic: Understanding Win, Place and Show Betting  (Read 745 times)

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Offline harrycallum

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O.P. « 2020-Jul-02, 10:27 PM »
For a horse to “Win”, it must finish in the first position. If you bet on them to win you get paid only if they win the race.

A horse that “Places” is one that finishes in the second position, but a bet on a horse to place will payout if your chosen horse finishes first or second.

“Show” means a horse has finished in the third position. However, betting on a horse to Show does not necessarily mean it must finish third, but rather in the first, second or third position.

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Horse Racing Betting – Win Bets
A Win bet is a manner of horse racing betting where the person selects a single horse in the race to finish in first place. The wager is only won if the horse finishes in first.
Horse Racing Betting – Place Bets
A Place bet is a manner of horse racing betting that requires the bettor to select a single horse in the race to finish in either first or second place. So long as the horse places (finishes in first or second), the bet is won. The amount paid on the bet is unequivocal, (i.e. the payout is the same no matter whether the horse finishes first or second.)

Horse Racing Betting – Show Bets
A Show bet is a manner of horse racing betting wherein the bettor selects a single horse in the race to finish anywhere in the top three positions. If the horse Shows (finishes in first, second or third), the bet is won. The amount paid is unequivocal, (i.e. the payout is the same no matter whether the horse finishes first or second.)

Horse Racing Betting – Win-Place Bets
A Win-Place bet is a manner of horse racing betting that is much like a Place bet. The bettor is choosing a single horse in the race that he/she believes will Win or Place (finish in first or second). If the horse Wins or Places, the bet is won. However, unlike the Place bet, the finishing position of the horse will determine the exact payout received on a bet, according to the probable payout odds on the tote board (i.e. a Win pays more than a Place.)

Horse Racing Betting – Win-Place-Show Bets
Also known as an “Across the Boards” bet, a Win-Place-Show bet is a manner of horse racing betting that is much like a Show bet. The bettor selects a single horse to Win, Place or Show (finish in first, second or third) in the race. If the horse Wins, Places or Shows, the bet is won. In contrast to the Show bet, however, the finishing position of the horse will determine the exact payout received on a bet, according to the probable payout odds on the tote board (i.e. a Win pays more than a Place; Place pays more than a Show.)
« Last Edit: 2020-Jul-03, 03:22 AM by PoisonPen7 »

Offline PoisonPen7

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« 2020-Jul-03, 03:24 AM Reply #1 »
No posting links harry until you have become more established.

I left the rest up there because I'm sure a lot of forum members have no idea what a win bet is and will be grateful for the info  :wacko:

Offline Wenona

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« 2020-Jul-03, 02:09 PM Reply #2 »
  :lol:

Offline wily ole dog

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« 2020-Jul-03, 02:11 PM Reply #3 »
Will we see harry come back  :nowink: :nowink: :nowink: :nowink: :nowink:

Online ratsack

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« 2020-Jul-03, 09:27 PM Reply #4 »
as a young fella , i liked concession betting
but thats another story

Offline Gintara

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« 2020-Jul-03, 10:46 PM Reply #5 »
Back in the days when there was a decent amount of bookies in the ring there was always one or two betting concession Rats, used to love it when the price was right at the dogs.   emthup

Online ratsack

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« 2020-Jul-03, 10:54 PM Reply #6 »
Back in the days when there was a decent amount of bookies in the ring there was always one or two betting concession Rats, used to love it when the price was right at the dogs.    emthup

haven't been to the Newy races for a while    :shy:
one old fella still does , con betting i think?

Offline arthur

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« 2020-Jul-04, 09:10 AM Reply #7 »
Not long after the reincarnation of the 'dogs', up here a newcomer bookie tried to introduce concession . .

The fact that he was a stranger, plus the fact that 99% had never heard of it before, and that the prices appeared to be shorter, saw him revert to each-way like the rest of the ring

Offline Wenona

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« 2020-Jul-05, 01:11 PM Reply #8 »
I remember betting concession at the Gabba in the 70's.   emthup  Gee, those were the glory days for the dogs.  Huge main ring and then the southern dogs had their own ring next to it and you'd be deafened by the roar when a well backed one got up. Then there was usually three or four more up at the score board hill - used to spend a lot of time running between the two.

Lived in the UK for a while and got back at the end of '94 - went to Albion Park and couldn't find the ring - approached the single bookie at the top of the stand and asked him where the ring was - I'm it was the reply, there's one more bookie coming but he's running late.  :wacko:
« Last Edit: 2020-Jul-05, 01:15 PM by Wenona »

Offline arthur

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« 2020-Jul-06, 01:59 PM Reply #9 »
Similar story @Albion Park trots in the days of 'Silks' restaurant . . '85 I think

Asked the bookie where the main ring was . .

"You're standing in it!"

Offline Dave

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« 2020-Jul-27, 01:44 AM Reply #10 »
Actually most (or at least a few) have a form of concession betting in as much as they return a bonus bet up to $50 if your horse runs second or 3rd....sometimes even 4th....but alas I have been a bad boy and I have been banished from all promotions......but good luck to those who can still get it

Online ratsack

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« 2020-Jul-28, 07:34 PM Reply #11 »
Actually most (or at least a few) have a form of concession betting in as much as they return a bonus bet up to $50 if your horse runs second or 3rd....sometimes even 4th....but alas I have been a bad boy and I have been banished from all promotions......but good luck to those who can still get it
exactly what peaked my interest in this thread .

Offline Brandgiver

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« 2020-Jul-29, 01:10 AM Reply #12 »
Actually most (or at least a few) have a form of concession betting in as much as they return a bonus bet up to $50 if your horse runs second or 3rd....sometimes even 4th....but alas I have been a bad boy and I have been banished from all promotions......but good luck to those who can still get it
without any "back thoughts" could you say why you've been a "bad boy"? i mean... i would want to learn and know what not to do in order to be banished too... i'm a newbie.

Offline Wenona

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« 2020-Jul-29, 09:10 AM Reply #13 »
Reasons they will ban you from promotions or restrict your betting to required levels :

i) They think you are a winning player
ii) They think you are a break even player
iii) They think you are a small losing player
iv) You actually use the promotions on a regular basis

So if you make sure you are a decent overall loser and don't regularly take advantage of any promotion you should be fine.   emthup

Offline fours

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« 2020-Jul-29, 12:39 PM Reply #14 »
What can be done.....

Use your insurance bets here.... if you use them.

Insurance bets may show a loss in the long term but help break a LLS for various forms of target betting as an example. Help your risk of ruin but lower your profit % slightly. You cant eat a profit %.

Fours


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