Win, Place and Show bets are the most common wagers placed among horse racing bets. They generally have lower payouts than exotic bets, such as the Exactas and Quinellas, but they are also a lot more frequently paid.

To place bet on a horse in a race with 5 to 7 runners, you are betting that it will come in the first 2 places for it to be considered as a winning bet. Races with 8 to 15 runners allow you the first 3 places. And races with 16 or more runners will give you a return on your place bet if it finishes in the first 4. A three-phase investment system and is a different method of staking. Place a bet on the favourite in the first race If this horse wins then repeat this the next day, using a similar stake. Betting continues at one level point as long as the first race horse wins. Evidently, the best two strategies are fixed and proportional wagering. Proportional wagering involves betting the same stake as a percentage (in this case 10%) of your current bankroll at the time you place it. Hence, if your first bet of $100 wins, your next stake would be 10% of $1,100 or $110. Otherwise, betting procedure in the race book is the same as at the track: For you to collect on a 'win' bet your horse must win the race, to collect on a 'place' bet he must finish first or second, and to collect on a 'show' bet he must finish first, second or third. Single place bet It is difficult to do a lot of place betting and make a profit. I think most punters place betting in an eight race card will invariably finish “in the red”. However, place betting is a great way to make some money, shall we call it “wages”, especially when dealing with consistent horses.

Understanding Win, Place and Show Betting

For a horse to “Win”, it must finish in the first position. If you bet on them to win you get paid only if they win the race.

A horse that “Places” is one that finishes in the second position, but a bet on a horse to place will payout if your chosen horse finishes first or second.

“Show” means a horse has finished in the third position. However, betting on a horse to Show does not necessarily mean it must finish third, but rather in the first, second or third position.

Above is an example of the “win place show” menu at Bovada.lv where you can bet on any horse to either win, place or show. You will also get $250 free at Bovada for the Kentucky Derby.

The more difficult a bet is to win, the more you can generally expect to be paid. However, due to the foundation of pari-mutuel betting, this isn’t always true. The more money that is placed on a specific bet, the lower the payout becomes. Viewing the tote board will tell you the payout probability of each specific bet at that moment.

Because bets are constantly coming in up until the start of the race, these odds can change drastically from the time you place your bet to the time the race begins.

If you are looking for bigger payouts I recommend the “win” or “place” bet if it is a mid to long shot. Betting on a favorite to “show” won’t pay out much, but betting on an underdog to show can often have a good payout. Head over to Bovada.lv for the best online horse racing betting.

Horse Racing Betting – Win Bets

• A Win bet is a manner of horse racing betting where the person selects a single horse in the race to finish in first place. The wager is only won if the horse finishes in first.

Horse Racing Betting – Place Bets

A Place bet is a manner of horse racing betting that requires the bettor to select a single horse in the race to finish in either first or second place. So long as the horse places (finishes in first or second), the bet is won. The amount paid on the bet is unequivocal, (i.e. the payout is the same no matter whether the horse finishes first or second.)

Horse Racing Betting – Show Bets

A Show bet is a manner of horse racing betting wherein the bettor selects a single horse in the race to finish anywhere in the top three positions. If the horse Shows (finishes in first, second or third), the bet is won. The amount paid is unequivocal, (i.e. the payout is the same no matter whether the horse finishes first or second.)

Horse Racing Betting – Win-Place Bets

A Win-Place bet is a manner of horse racing betting that is much like a Place bet. The bettor is choosing a single horse in the race that he/she believes will Win or Place (finish in first or second). If the horse Wins or Places, the bet is won. However, unlike the Place bet, the finishing position of the horse will determine the exact payout received on a bet, according to the probable payout odds on the tote board (i.e. a Win pays more than a Place.)

Horse Racing Betting – Win-Place-Show Bets

Also known as an “Across the Boards” bet, a Win-Place-Show bet is a manner of horse racing betting that is much like a Show bet. The bettor selects a single horse to Win, Place or Show (finish in first, second or third) in the race. If the horse Wins, Places or Shows, the bet is won. In contrast to the Show bet, however, the finishing position of the horse will determine the exact payout received on a bet, according to the probable payout odds on the tote board (i.e. a Win pays more than a Place; Place pays more than a Show.)

One of the first experiences you have at all betting sites is making a deposit to fund your account. It’s important that banking options at betting websites are convenient.

The purpose of this page is to assist you in finding the funding method that best serves your unique needs. These are some of the best betting deposit options according to security, ease of use, and speed of processing.

Sites with Fast, Easy, and Secure Deposits

Safe betting sites make it easy to deposit, play, and get paid.

This is partially a result of increased competition in the gambling industry and partially a result of advancements in online banking in general.

However, we have yet to see a one-size-fits-all betting deposit option that works for everyone, everywhere. The best banking methods vary based on your location, currency, and language.

Some gambling payment methods are only available to select countries while others are open worldwide. If you’re considering making a deposit and want to know more about available funding methods and which betting sites accept them, you’ve come to the right place.

Types of Payment Methods at Betting Sites

The descriptions below list major categories of betting deposit options rather than individual banking methods themselves.

• E-wallet Betting Sites: Electronic wallet services such as Neteller, Skrill and PayPal offer a convenient funding mechanism for frequent punters. As the name suggests, e-wallets act as digital wallets where you can store your money, initiate deposits, and receive payments. E-wallets act as middlemen between your banking information and your betting site.
• Credit Card Betting Sites: Credit cards are among the most popular betting deposit methods. Payments are processed instantly, most people have at least one credit or debit card and the process of using credit cards to deposit at betting sites is familiar to anyone who has made an online purchase in the past.
• Debit Card Deposits: Same idea as credit cards except you use the card linked to your bank account. The biggest difference here is that you need to have the money in your account before you can deposit, you shouldn’t bet on credit anyways. If it all possible, try to deposit with your debit card before trying a credit card. Betting sites that accept debit cards have higher approval rates.
• eChecks: Electronic checks are simple, fast and safe. All you need is a checking account and you can input your information to send money straight from the bank to your betting account. Many online betting sites offer eCheck deposits and payouts.
• Prepaid Voucher Betting Sites: Prepaid vouchers offer greater security and anonymity than most other gambling deposit methods. You can take physical cash to the local petrol station or department store and leave with an anonymous card or voucher credited with the cash. Take your voucher home, log into your player account, and enter the information provided with the voucher/card. Paysafecard is one of the most recognized names in the prepaid betting voucher category.
• Bank Transfers: Bank transfers at betting sites work similar to eChecks, but the technicalities are a little different. If you choose this option, the betting site will ask for your information and then provide you with an estimated time frame for the money to be credited to your account.
• Instant Deposits: These are the types of betting payment methods you should consider first if you want to start placing real money bets as quickly as possible. The methods described on this page usually have you up and running in minutes.

All Betting Deposit Methods

This section explains how individual payment options work at online betting sites. Each individual page lists more detailed information including which gambling sites accept that method.

Betting Sites Sorted By Local Currency

Betting sites that don’t support your primary currency, can be difficult to wager at. Not only do you have to figure out how much each bet is really worth, but you’re also hit with exchange fees.

Deposit at online betting sites that accept your currency of choice.

This information isn’t always displayed prominently. In many cases, you read through FAQs and help pages only to find out the betting site doesn’t even have a list of supported currencies.

We compiled a list of betting websites that accept each currency. Let’s begin with a list of the largest, international betting sites that accept a wide range of currencies:

Each of our recommended online betting sites serve international audiences and accept a wide range of currencies. Whether using Dollars, Euros, British pounds, or another currency – you’ll be able to play at these safe betting sites without ever dealing with a single foreign exchange fee or confusion when it comes time to place a bet.

Ranking Betting Sites by Currency

There are two things to look for at betting sites that accept multiple currencies. First is accepting deposit methods that are popular with players in your country. Many countries have special deposit methods available that are compatible with that country’s banking system. Use one of these deposit methods to fund your account, so you won’t get hit with exchange fees.

Second, betting sites should allow you to use your currency whether placing sports wagers, betting on horse races, or playing casino and poker games. It is much easier to comprehend you’re risk when you use your native currency in real time. This option is fairly common if you use one of the world’s major currencies. It’s not as common if you use a currency that isn’t as popular.

Betting sites without this feature convert your currency when you join a game or make a wager. It requires significantly more mental effort to truly understand how much money you’re risking with each bet you place. For example, if your preferred currency is euros and your betting site only allows you to place wagers in US dollars, you find yourself frequently running mental calculations.

There’s one last thing to keep in mind.

Some of the smaller, less widely-used currencies of the world just don’t have much support from international betting sites.

Sometimes you will have to exchange currencies whenever you place bets.

You can read more about depositing and withdrawing in specific currencies on each of our country specific pages. Those sections talk about betting laws, depositing in different currencies and specifics relating to each international market.

Next up is a chart that shows that accepted currencies of major betting sites. Note that almost any currency can be used to deposit at any betting site. What we are showing below are currencies that are natively supported (i.e. you can deposit and hold your account balance in that currency).

Place Betting Methods Definition

If your preferred currency is not listed below, that does not mean you’re out of luck. You may still deposit with your currency, but it will be exchanged for one of the site’s other supported currencies. When you cash out, your bankroll will then be exchanged back into your preferred currency.

Place Betting Methods Against

Exchange Fees and Risk

Sometimes you’re required to convert your currency to bet online.

If you make a deposit at a site that doesn’t support your currency by default, the betting website will perform the currency conversion on your behalf. Reputable betting sites use current market rates to determine the exchange rate. Some will charge a small fee for this service while others do it free.

Exchange risk refers to potential losses when market rates shift. For example, let’s pretend you make a deposit in euros and your betting site exchanges your euros for dollars. While you’re playing, the value of the euro rises relative to dollars. When you go to withdraw, you’ll get back fewer euros because each euros are now a little stronger than they were when you deposited.

The good news about exchange risk is that it’s rarely much of an issue. Additionally, exchange risk is just as likely to work in your favor. If you frequently go in and out of various currencies, you’re going to win some and lose some. It should all even out in the end.

Place Betting Methods Examples

Pro-Tip: Keep your e-wallet account in the same currency as your betting account.

If you normally bank in a currency not supported by the betting site of your choice, it is best to go ahead and open a Skrill or Neteller account in one of the currencies supported by your site.

For example, let’s say your native currency is the Swiss franc but your betting site only supports euros, dollars, and pounds. In that case, it would be best to set up an e-wallet account in one of those three currencies. You will still incur exchange fees when you cash out to your bank or upload funds to your e-wallet account, but you will not be charged fees when transferring money to and from your e-wallet to your betting site.

Place Betting Methods Meaning

This method minimizes the frequency of exchange fees. You can easily transfer money from one betting site to the next while also avoiding cashing out all the way to the bank as much as you can. This way, you only pay exchange fees when you first upload funds to your e-wallet or when cashing out winnings all the way back to your bank account.

How depositing and exchanging currencies should be done.

Some gambling sites are much easier to work with than others consider currencies. William Hill serves as a shining example of how it should be done everywhere. Here’s a snippet from a William Hill FAQ page:

“When you access our Casino and choose to Buy Chips you are given an exchange rate for that day. You will be paid the same rate for your Buy Chips (entering the Casino) and Cash In (exiting the Casino).

“You cannot lose any money through the exchange rate as you will receive the same currency rate when entering and leaving.

“Example :

“1 Euro chip bought for 3.250 Hong Kong Dollar on one day if cashed at any point after this you will receive exactly the same rate in return.”

What this means is that William Hill is willing to eliminate all exchange risk for you each day. Very few people would even notice if William Hill didn’t offer this service, but they do it anyways. That’s such a nice touch and it is little things like this that separate the great betting sites from the good.