The win bet is the most basic form of bet in horse racing. Also called the »Straight Bet » or the »Single », this is a single proposition on a single horse. You are betting on if the horse you select will win or not.
In case your horse crosses the finish line first, you win the bet. It is irrelevant whether your horse finishes second or twelfth, if it doesn’t win first place, then you lose the wager. The odds will be longest (of all kinds of single stakes ) on the right wager, although the payouts will be biggest.
Straight Bets And Win Bets On Horse Races
This sort of wager can find a little confusing for new parimutuel betters, since the win bet is occasionally known by the expression »straight bet ». However, there is also the distinction between straight bets (win, place, series ) and exotic stakes (all others in the horse trail ). Should you hear the expression straight bet and it will not make sense in a context opposite exotic stakes, then the individual probably is talking about a simple win wager.
Example Of A Straight Bet
For an example of how a triumph wager works, I’m likely to use the area to the 2011 Kentucky Derby. Rather than giving the list by starting or finishing position, I wished to number the list by which horses started as the gambling favorites and which were the dark horses. I’ve also included which position from the rod each horse started, along with where they ended. The odds posted are the opening betting line. Remember that nearly all of these lines changed from the onset of the race.
Dialed In — 4 to 1 Odds — 8th Post Ranking — 8th Place Finish
Nehro — 6 to 1 Odds — 19th Post Ranking — 2nd Place Finish
Archarcharch — 10 to 1 chance — 1st Post Position — 15th Place Finish
Midnight Interlude — 10 to 1 — 15th Post Position — 16th Place Finish
Soldat — 12 to 1 — 17th Post Ranking — 11th Place Finish
Mucho Mucho Man — 12 to 1 — 13th Post Ranking — 3rd Place Finish
Shackleford — 12 to 1 — 14th Post Position — 4th Place Finish
Pants on Fire — 20 to 1 — 7th Post Ranking — 9th Place Finish
Twice the Appeal — 20 to 1 — 3rd Post Ranking — 10th Place Finish
Stay Thirsty — 20 to 1 — 4th Position — 12th Place Finish
Animal Kingdom — 30 to 1 — 16th Ranking — 1st Place Finish
Master of Hounds — 30 to 1 — 11th Position — 5th Place Finish
Santiva — 30 to 1 — 12th Position — 6th Place Finish
Brilliant Speed — 30 to 1 — 2nd Ranking — 7th Place Finish
Derby Kitten — 30 to 1 — 9th Ranking — 13th Place Finish
Decisive Moment — 30 to 1 — 5th Ranking — 14th Place Finish
Twinspired — 30 to 1 — 10th Ranking — 17th Place Finish Watch Me Go — 50 to 1 — 20th Ranking — 18th Place Finish
Comma To the Top — 50 to 1 — 6th Ranking — 19th Place Finish
Therefore, if you decided to put a straight bet on the favorite entering the Kentucky Derby, you would have bet on Dialed-In in 4-to-1 odds. « Dialed In » finished 8th, a losing proposition, but you would have lost had Dialed-In finished anywhere between two and 19.
In reality, the only straight bet which could win would have been the one placed on Animal Kingdom, entering the race as a member of seven horses with 30-to-1 chances. This single-bet win could have provided a significant payoff, because Animal Kingdom was just part of the pack before the race.
This tells you a few things about betting on horses, besides the fact that extended shots may win, also. As you can see, having a position on the exterior is useful, as no horse at the Top 6 was everywhere closer than the 11th place from the rod, while the Top 3 finishers began at the 16th, 19th, and 13th place, respectively. Both Animal Kingdom and Nehro might have been aided by the fact that the horse in the 18th position pulled out before the race, clearing a bit additional distance for jockeying position.
Odds On Straight Horse Racing Bets
The moment odds are posted, individuals wanting to place a straight bet will make decisions on such chances, influenced by a horse’s place position, the standing of the rider, the standing of the coach, the horse’s individual race history and pedigree, and some other news coming from that horse’s camp. This results in the chances to move in one direction or another as the week continues. As in many proposal gambling, many serious betters have a tendency to make wagers early following the odds are set, to make the most of any perceived benefits in the oddsmaking. Late stakes often go against the gambling public.
In this example, the gambling favorites (Dialed In, Nehro) were stake from 4-to-1 into 5-to-1, while Nehro was bet from 6-to-1 to 8.5-to-1, therefore there weren’t as many wagers coming in on these horses since the oddsmaker predicted. Animal Kingdom’s chances were down to 20.9-to-1 by the onset of the race.
Potential Payoffs On Win Bets
The payoffs are a few of the very best in horse track racing on straight bets, because the odds that any one horse is going to win a race are comparatively tiny. Even the favorite tends to get the chances against it. You aren’t going to win frequently making straight bets, but if you hit Animal Kingdom, you were paid between $20,000 and $30,000 on a $1000 straight bet, which explains why a lot of gamblers get involved in straight wager activity.
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