Betting Stakes Explained

• Betting Odds Explained 4/5
• Betting Odds Explained 15/8

Dec 08, 2020 Up-and-down bet explained Let's break down the up-and-down bet into two simple parts. For the first part of the bet, you place a single stake on Selection A and, if it wins, you keep your profit. A Single Stakes About is an Any To Come bet consisting of two selections from events, these are then compiled to produce two bets derived from two singles. Any return on each single (up to the original stake amount) is used to fund a further single on the other selection.

Ah, the Preakness Stakes -- one of the most celebrated and anticipated horse racing events of the year. This year -- one flipped upside down because of the coronavirus pandemic -- is no different.

Those who don't often participate in betting on the ponies may not understand all the excitement, but it's never too late to get in on the action. If you aren't exactly sure how it all works, don't you worry -- we're here to help you get up to speed. If you don't particularly understand the process or the terminology of betting (we know it can be a bit confusing), we've got you covered with a handy cheat sheet.

An important disclaimer, though: Knowing the terminology doesn't guarantee you success in your wagers. Sometimes, ignorance is bliss ... and profitable.

Betting Odds Explained 4/5

Anyway, here's a rundown of the terms you'll want to be familiar with:

BET TO WIN: Well, this one is pretty self-explanatory. You're betting on a horse to win the race.

BET TO PLACE: You're betting on a horse to finish either 1st or 2nd in the race.

BET TO SHOW: You're betting on a horse to finish either 1st, 2nd or 3rd in the race.

EXACTA: You're betting on both the 1st and 2nd place finishers in a race.

TRIFECTA: You're betting on the 1st, 2nd and 3rd place finishers in a race.

SUPERFECTA: You're betting on the 1st, 2nd, 3rd, and 4th place finishers in a race.

DAILY DOUBLE: You're betting on the winners of two separate races.

PICK 3: You're betting on the winners of three consecutive races.

PICK 4: You're betting on the winners of four consecutive races.

PICK 5: You're betting on the winners of five consecutive races.

Betting Odds Explained 15/8

PICK 6: You're betting on the winners of six consecutive races.

Obviously, some of those are more challenging endeavors than others so, as is always the case with gambling, play the odds at your own peril.