TYPES OF WAGERS
Win - You are a winner if your horse is the winner of the race.
Place - If your horse finishes first or second, you are a winner.
Show - If your horse finishes first, second, or third you are a winner.
Across the Board - If you want to bet one horse to win, place, and show, you may simplify the bet by telling the mutuel clerk that you wish to wager, for example, "$2 across the board on No. 4." That's the same as asking for a $2 win, $2 place, and $2 show on No. 4.
Daily Double - A wager calling for the selection of the winning horses in two designated races. Most racetracks offer a daily double on the first and second races. If you bet a "2-6" daily double, No. 2 must win the first race and No. 6 must win the
Exacta (or Perfecta) - A wager calling for a selection of the first and second horses in a race, in their exact order of finish. If you bet a "3-4" exacta, No. 3 must win and No. 4 must finish second.
Trifecta (or Triple) - You must select the first, second, and third horses in a race, in their exact order of finish.
Pick Three - You win by selecting the winners of three designated races. You can select more than one horse in each race, but the cost of your wager will increase proportionally. Also called the daily triple.
Pick Six - Not an easy task to select the winners of six consecutive races, but the payoff is usually very large depending on the number of bettors who can correctly select this winning combination.