The win wager is the most basic kind of wager in horse racing. Also called the”Straight Bet” or the”Single”, this is a single proposal on a single horse. You are betting on if the horse you select will win or not.
If your horse crosses the finish line first, you win the wager. It doesn’t matter whether your horse finishes second or twelfth, if it does not win first place, then you eliminate the bet. The chances will be maximum (of all types of single stakes ) on the straight bet, although the payouts are going to be largest.
Straight Bets And Win Bets On Horse Races
This sort of wager can get a little confusing for new parimutuel betters, since the win wager is occasionally known by the expression”right bet”. However, there’s also the distinction between right stakes (win, place, show) and exotic stakes (all others in the horse trail ). If you hear the expression straight bet and it will not make sense in a context opposite exotic stakes, then the individual probably is referring to a simple win wager.
Case of A Straight Bet
For an example of how a win wager works, I’m likely to use the field to the 2011 Kentucky Derby. Rather than giving the listing by starting or finishing position, I wished to number the record by which horses started as the betting favorites and which were the dark horses. I have also included which place from the pole each horse began, in addition to where they finished. The chances posted will be the opening gambling 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 odds — 1st Post Ranking — 15th Place Finish
Midnight Interlude — 10 to 1 — 15th Post Ranking — 16th Place Finish
Soldat — 12 to 1 — 17th Post Position — 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 Position — 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 Ranking — 5th Place Finish
Santiva — 30 to 1 — 12th Position — 6th Place Finish
Outstanding Rate — 30 to 1 — 2nd Ranking — 7th Place Finish
Derby Kitten — 30 to 1 — 9th Position — 13th Place Finish
Decisive Moment — 30 to 1 — 5th Position — 14th Place Finish
Twinspired — 30 to 1 — 10th Position — 17th Place Finish Watch Me Go — 50 to 1 — 20th Position — 18th Place Finish
Comma To the Top — 50 to 1 — 6th Position — 19th Place Finish
Therefore, if you chose to put a straight bet on the favorite entering the Kentucky Derby, you’d have bet on Dialed-In in 4-to-1 chances. “Dialed In” ended 8th, a losing proposition, but you’d have lost had Dialed-In completed anywhere between two and 19.
In reality, the only real straight bet which would win could have been the only 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, since Animal Kingdom was just part of the pack prior to the race.
This tells you a few things about betting on horses, aside from the fact that long shots may win, too. As you can see, with a position on the exterior is useful, as no horse at the Top 6 has been anywhere closer than the 11th position from the pole, whereas the Top 3 finishers began at the 16th, 19th, and 13th place, respectively. Both Animal Kingdom and Nehro may have been helped by the fact that the horse in the 18th place pulled out before the race, clearing out a little extra distance for jockeying position.
Odds On Straight Horse Racing Bets
As soon as odds are posted, individuals wanting to place a straight bet are going to make decisions on these odds, influenced by a horse’s place position, the reputation of the rider, the standing of the trainer, the horse’s individual race history and pedigree, and some other information coming from the 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 create wagers early following the chances are set, to take advantage of any perceived advantages in the oddsmaking. Late stakes frequently go against the gambling public.
In this instance, the gambling favorites (Dialed In, Nehro) were bet from 4-to-1 into 5-to-1, while Nehro was wager from 6-to-1 into 8.5-to-1, so there weren’t too many wagers coming in on those horses since the oddsmaker predicted. Animal Kingdom’s chances were down to 20.9-to-1 from the onset of the race.
Potential Payoffs On Win Bets
The payoffs are some of the very best in horse track racing on straight stakes, because the odds that any one horse is going to win a race are comparatively small. The favorite tends to get the chances against it. You aren’t going to win frequently producing straight bets, but if you hit Animal Kingdom, you’re being paid between $20,000 and $30,000 on a $1000 right bet, which explains why a lot of gamblers become involved in directly bet activity.

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