Horse Race Betting Tutorial Refresher Course – Part 2
In Part 2 of our horse racing pari-mutuel betting tutorial, we’ll have a look at:
- a.) odds charts and what payouts you can expect,
- b.) what you’ll need to tell the window clerk when you’re (applies to off track betting and wagering on the internet),
- c.) and alternate methods of betting while at the race track by using the SAMS machines to place your bets. Let’s take a look:
Approximate Win Payoffs (based on a $2 wager)
|
Odds
|
Payoff
|
Odds
|
Payoff
|
Odds
|
Payoff
|
|
1 / 9
|
$2.20
|
1 / 5
|
$2.40
|
2 / 5
|
$2.80
|
|
1 / 2
|
$3.00
|
3 / 5
|
$3.20
|
4 / 5
|
$3.60
|
|
1 / 1
|
$4.00
|
6 / 5
|
$4.40
|
7 / 5
|
$4.80
|
|
3 / 2
|
$5.00
|
8 / 5
|
$5.20
|
9 / 5
|
$5.60
|
|
2 / 1
|
$6.00
|
5 / 2
|
$7.00
|
3 / 1
|
$8.00
|
|
7 / 2
|
$9.00
|
4 / 1
|
$10.00
|
9 / 2
|
$11.00
|
|
5 / 1
|
$12.00
|
6 / 1
|
$14.00
|
7 / 1
|
$16.00
|
|
8 / 1
|
$18.00
|
9 / 1
|
$20.00
|
10 / 1
|
$22.00
|
What to Tell the Clerk
When you’re ready to post your bet, you’ll tell the clerk 5 things:
- Which track
- Which race
- How much money you want to bet
- What kind of bet you want, i.e.: win, place, show, exacta, etc.
- The number of the horse.
For example, by using the criteria above, what you say to the window clerk might be: “Santa Anita, race number three, $2.00 to win on horse number seven.” Easy, huh?
Self Service Terminals *
* Also known as Screen Activated Machines, or SAMS
- First you need a voucher which may be purchased from any clerk or voucher machine.
- After you insert the voucher in the machine, the machine will ask you what track you want to bet on (Bay Meadows, Oaklawn, Santa Anita, Churchill Downs, etc.).
- Once you have designated the track, the machine will ask you how much you want to bet.
- Finally, the machine will show you a variety of wages that may be made.
If you need assistance, there are customer service representatives located in the general area of all SAMS.
(*Screen Activated Machines)
Part 1 – Horse Race Betting Tutorial Refresher Course
More information about picking odds and knowing what those odds will pay. Also a description of SAMS (screen activated machines)
Part 3: Horse Racing Words and their Definitions
In part 3 we’ll explore some of the more common as well as some obscure horse track words and their meanings, as well as a detailed look at a sample horse racing program and how to decipher it. Let’s do this!
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