Horse Race Betting Tutorial Refresher Course – Part 2

January 1, 2008 · Posted in Horse Racing 

In Part 2 of our horse racing pari-mutuel betting tutorial, we’ll have a look at:

  • a.) Horse race betting odds charts and their expected payouts,
  • b.) what you’ll need to tell the window clerk when you’re placing a bet (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:

  1. Which track
  2. Which race
  3. How much money you want to bet
  4. What kind of bet you want, i.e.: win, place, show, exacta, etc.
  5. 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

  1. First you need a voucher which may be purchased from any clerk or voucher machine.
  2. 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.).
  3. Once you have designated the track, the machine will ask you how much you want to bet.
  4. 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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One Response to “Horse Race Betting Tutorial Refresher Course – Part 2”

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