Horse Rules
LooseLines.com only offers Thoroughbred horse wagering with over 50 tracks to wager on, including multiple wager types.
Click Here to view a list of the tracks and the payoffs that LooseLines.com offers to its clients.
The minimum wager for horse wagers on the Internet is $2.00. Over the phone the minimum wager is $5.00, and the maximum amount depends on the track.
Below you will find a list of Horse Wager Types that LooseLines.com offers all of its customers.
Win, Place, and Show Wagers
Horse wagering is totally and completely different than that of sports betting. Bettors may wager on a given horse in a race to "win" (finish first), "place" (finish second), "show" (finish third), or they may wager "across the board" (to win, place, and show).
The odds for each horse to win, place, or show is entirely dependent on the amount of money bet into the pari-mutual pool.
The horse that finishes first will have payout odds on finishing first, second, and third. The horse that finishes second will have payout odds on finishing second, and third. The horse that finishes third will have payout odds on finishing third only.
- Win: If you wagered on a horse to win only then that horse must finish first for the wager to be a winner. If the horse finishes first in the race then the wager will be paid off according to the Win odds.
- Place: If you wagered on a horse to place only then that horse must either finish first, or second for the wager to be a winner. If the horse finishes first or second then the wager will be paid off according to the Place odds.
- Show: If you wagered on a horse to show only then that horse must either finish first, second, or third for that wager to be a winner. If the horse finishes first, second, or third then the wager will be paid off according to the Show odds.
- Across the Board: If you wagered "across the board" on a horse and it finished first in the race, you would be paid odds for the win, place, and show bets. If the horse finished second in the race you would be paid odds on the place and show bets. If the horse finished third in the race you would be paid odds on the show bet only.
- Other Straight Wagers: You can also bet win and place, win and show, and place and show bets on a horse.
Exotic Horse Wagers
Exacta wagers:
This kind of wager require the player to pick the first two finishers in a race in exact order. This means that the player selects a horse to finish first, and a horse to finish second. Therefore the horse chosen to finish first MUST finish first and the horse chosen to finish second MUST finish second for this wager to be a winner. If the horse chosen to finish first does not then the wager is a loser. If the horse chosen to finish second does not then the wager is a loser.
Exacta wager example: A player wants to bet 2 horses in a $10 exacta. The horses are Green honey and Salt Castle.
- Green Honey to win
- Salt Castle to place
- Risking $10.
Exacta Box wagers:
This is a multiple bet wager. The amount of bets depends on how many horses you select. Basically it is an exacta wager and then reversing the horses. Therefore if you select horse A to finish first and horse D to finish second, you also have a wager on horse D to finish first and horse A to finish second. You have 2 bets if it is a two horse exacta box (AD, and DA). An exacta box with 3 horses will have 6 bets (AD, AC, DC, DA, CA, and CD).
Exacta Box Example: A player wants to put three horses in an exacta box for $10 each. The horses are Storm This, The Move Man, and Little Nikki.
Below you will find the combinations and the total amount risked for this $10 exacta box.
Storm This to Win
The Move Man to Place
Risking $10. |
Storm This to Win
Little Nikki to Place
Risking $10. |
Little Nikki to Win
The Move Man to Place
Risking $10 |
The Move Man to Win
Storm This to Place
Risking $10. |
Little Nikki to Win
Storm This to Place
Risking $10 |
The Move Man to Win
Little Nikki to Place
Risking $10 |
The total risk for this player for this $10 exacta box will be $60.
Quinella Wagers:
A quinella wager is just like an exacta box wager, where the player selects the horse to come in first and second, and gets the same horses in reverse order with no additional risk.
Quinella wager example: A player wants to bet 2 horses in a $10 quinella. The horses are Storm This and Little Nikki.
Below is an example of what the bet details are:
Storm this to win
Little Nikki to place
AND
Little Nikki to win
Storm This to place
Risking $10 |
Quinella Box:
Like the exacta box the quinella box is a multiple bet wager. The more horses you select the more quinella bet combinations you will have. Each combination is a separate bet.
Quinella Box Example: A player wants to put three horses in a quinella box for $10 each. The horses are Neverquits, Bluesmandan, and Shesawinnner. Below you will find the combinations and the total amount risked for this $10 quinella box.
Neverquits to Win
Bluesmandan to Place
AND
Bluesmandan to Win
Neverquits to Place
Risking $10. |
Neverquits to Win
Pharlap to Place
AND
Pharlap to Win
Neverquits to Place
Risking $10. |
Bluesmandan to Win
Pharlap to Place
AND
Pharlap to Win
Bluesmandan to Place
Risking $10 |
The total risk for this player for this $10 Quinella box will be $30.
Daily Double:
Daily Double wagers require the bettor to pick the winners of two designated races, usually the 1st and 2nd, 2nd and 3rd, or 8th and 9th.
Parlay:
You can parlay horses at LooseLines.com. You can parlay a selected horse in one race to either win, place, or show to a horse in another race to win, place, or show.
Trifecta wagers:
Trifecta wagers require the player to pick the first three finishers in a race in exact order. This means that the player selects a horse to finish first, a horse to finish second and a horse to finish third. If all 3 horses chosen do not finish in that order, the wager is a loser.
Trifecta wager example: A player wants to bet 3 horses in a $10 trifecta. The horses are Neverquits, Pharlap and foxylady.
Neverquits to win
Pharlap to place
Foxylady to show
Risking $10. |
Trifecta Box
A trifecta box wager is a multiple bet wager. The amount of bets depends on how many horses you select. Basically it is a trifecta wager with all possible combinations. Therefore if you select horses A, B and C you will have 6 possible combinations ( A,B,C – A,C,B – B,A,C – B,C,A – C,A,B – C,B,A )
Trifecta Box wager example:
Neverquits
Pharlap
Foxylady
$10 Trifecta Box,
for a total of $60 at risk. |
Pick 3:
Pick 3 wagers require the player to pick the winners of 3 consecutive winners on the same track. If one of the horses does not win then the wager will be graded as a loser.
Example of Pick 3:
Neverquits to win in Race 1
Pharlap to win in Race 2
Foxylady to win in Race 3
$10 Pick 3 |
Pick 4
Pick 4 wagers require the player to pick the winners of 4 consecutive winners on the same track. If one of the horses does not win, then the wager will be graded as a loser.
Example of Pick 4:
Neverquits to win in Race 1
Pharlap to win in Race 2
Foxylady to win in Race 3
Shesmyheart to win in Race 4
$10 Pick 4 |
Pick 6
We also offer this type of wager for those who are very confident of their picks, here the player takes the winners of 6 consecutive races on the same track. Again, if one of the horses does not win, the wager will be graded as a loser.
Superfecta
Superfecta wagers require the player to pick the first four finishers in a race in exact order.
Example of a Superfecta:
Neverquits to win
Pharlap to Place
Foxylady to Show
Shesmyheart to come in fourth |
If you have any questions about any of these rules, please contact us at 1-866-921-2533.
Disclaimer: It is the member's responsibility to question and clarify any event not covered or rules he/she does not understand prior to placing any wagers.