Payouts are not often high, but they are still bigger than the Show bet. There is a good chance at hitting the Place bet as your horse just has to finish in the top two. The payouts are better than the other straight wagers and are easy to calculate by odds.

The Win bet is your all-around average bet. The Exacta is riskier than straight wagers, and the payout can vary widely depending on the odds of the runners and how much you wager. The Exacta is a moderately difficult bet to hit but far more achievable than the Trifecta and Superfecta. Trifectas often offer high payouts, but they are also expensive given the various combinations you can select. Not as hard as the Superfecta, but still one of the most difficult bets to hit. The Superfecta often costs a lot to make an effective bet, but if you did, you are likely looking at really big payouts. Out of all of the most common horse racing bets, the Superfecta is the hardest to hit. Here is a breakdown that can make this seemingly complex process more simple:

The final step is for that amount to be added back into the winning bet amount. The amount of winning dollars is then subtracted from the total pool, and then the remaining pool is divided by the amount of money bet on the winner. Payouts for exotic bets are also calculated in a different way, as 15% of the amount left after the house takes its cut is divided between the winners. However, most of the top online sportsbooks offer probable payouts for certain wagers like the Exacta. Exotic bets do not have exact horse racing odds due to the many variables involved with them. While Win bets are easy to calculate based on the chart above, exotic bets can be more tricky. You select the first-, second-, third-, and fourth-place finishers of a race in the exact order. You select the first-, second-, and third-place finishers of a race in the exact order. You select the first- and second-place finishers of a race in the exact order.

4 to 5 odds pays