Betting on the Ponies

My man taught me how to bet on horses the other day. I find it slightly more fun than striking a match and holding it up to your cash.
Win, lose or draw — it's all made more enjoyable with The Drinking. To this end, there is a shady Irish bar and OTB called Playwright. It is located in the Satan's Bunghole neighborhood of NYC otherwise known as Herald Square. The Playwright has a bar and dining room (with bar), on the main floor. In the basement there are pool tables. On the second floor is another dining room (with bar). This is the floor with the OTB machines and OTB window complete with real live people behind it. If you want to learn more about NYC OTB, you can check out their expertly crafted and concisely executed site here.



There are lots of ways to bet:
Win
This type of horse bet is simply picking a horse to win the race. This is one of the most types of horse racing bets. If your horse finishes the race in first place, you win the bet.
Place
This is type of horse bet is on which horse will come in second place in the race. You win your bet if your selected horse finishes either second or first in the race.
Show
Betting to show is picking a horse to win third place in the race. If your horse finishes third, second or first in the race, you win your bet.
Across the Board (Win, Place & Show)
One of the most popular types of horse betting wagers is to bet across the board. This type of horse bet allows you to select one horse to come in either first, second or third in the race. This is basically three bets in one. For example: you bet $2 across the board. In effect, you have wagered $2 to win, $2 to place and $2 to show. You win if your selected horse comes in first, second or third place.
Exacta
This betting type allows you to bet on two horses that must come in first and second place in the race in that specific order. For example: you bet $4 that number 3 and number 7 will come in first and second place in that exact order. The only way you win this bet is if number 3 finishes first and number 7 finishes second.
Exacta Box
This bet is the same type as an Exacta bet in the fact that you select two horses to come in first and second place. However, an exacta box bet means that there is no specific order to the placement of the horses. For example: you place a $3 exacta box bet on number 5 and number 6. This is a total bet of $6 because there are two possible outcomes. You win your bet if number 5 wins first and number 6 wins second or vice versa.
Quinella
You bet on two horses coming in first and second place in the race. It does not matter which of your horses wins first or second. The order does not affect the bet. You win if both your horses place in the top two positions.
Trifecta
Trifecta betting allows you to pick three horses to come in first, second and third place in that exact order. In trifecta betting you win your bet if all three of your horses finish the race in the order you have specified.
Trifecta Box
This type of horse bet is the same as trifecta betting in that you are betting on three horses to come in first, second and third place. However, a Trifecta Box bet means that your three horses can finish the race in any order. They only need to place in the top three positions for you to win in trifecta betting. This bet is basically 6 bets in one. For example: you place a $2 trifecta box bet on number 2, number 4 and number 7. There are six possible outcomes for these three horses to finish in first to third place; therefore, the total amount of the bet is $12 as you are betting trifectas. You win your bet if horse number 2, number 4 and number 7 finish in first, second and third place in any order in trifecta betting.
Superfecta
Superfecta wagering is where you pick four horses to come in first, second, third and fourth place in that exact order. You win if all four of your horses finish the race in the order you have specified in superfecta betting.
Superfecta Box
This type of bet is the same as superfecta wagering in that you are betting on four horses coming in first, second, third and fourth place. However, a Superfecta Box bet means that your four horses can finish the race in any order. They only need to place in the top four positions for you to win. This bet is basically 8 bets in one. For example: you place a $2 superfecta box bet on number 2, number 4 , number 7 and number 9. There are 24 possible outcomes for these four horses to finish in first to fourth place; therefore, the total amount of the bet is $48 in this superfecta wagering example. You win your bet if horse number 2, number 4, number 7 and number 9 finish in first, second, third and fourth place in any order.
Daily Double
An interesting and fun type of horse racing bet is betting a Daily Double. This is where you bet on the winners of two consecutive races. You win the bet only if both your horses win their specific race. Typically daily double bets are only available on the first two races of the day and the last two races of the day as a type of horse bet.
Pick 3
Bet on the winners of three consecutive races. Each of your horses must win their specific race in order for you to win that bet horseracing type of wager.
I was taught that the best way is to place "Exacta Box" bets, for say, $1. With an Exacta bet you choose 3 horses, and you win if any of these horses place first and second. This type of bet actually costs $6 because you are betting on each combination of horses. It doesn't matter which horses win, or which of the two winners place first or second.
What does matter, of course, are the odds. Horses with shitty odds that win pay much more than horses with "good" odds. For example, a horse with 8/1 or 35/1 odds will pay higher than a horse with 1/1 or even 5/2 odds.
While placing bets, I wished I knew how to pick 'em, like Robert De Niro at the end of Casino. Instead, I sucked and lost every time.


































