A Thoroughbred horse is defined as : (Thor•ough•bred) a. Bred from the best blood through a long line; pure-blooded;said of stock, as horses. Having the characteristics of such breeding;mettlesome; courageous; of elegant form, or the like. – n. A Thoroughbred animal, especially a horse.
A thoroughbred is a breed of horse whose ancestry traces to three foundation sires—the Darley Arabian, the Godolphin Arabian and the Byerly Turk. All three of these stallions were brought to England from the Middle East during the 17th century and bred with English horses, resulting in an animal that could carry weight with sustained speed over extended distances.
For purposes in the modern world, thoroughbreds are raised and trained for racing. As a result of the racing, thoroughbred betting has become a popular pastime.
For the beginner, thoroughbred betting can be quite confusing at first. First, you must learn about the different types of races in a typical race meeting.
The types are listed as follows: Maiden, Claiming, Allowance, Handicap and Stakes. These categories are designed to make the races more evenly competitive.
Maiden races are for horses that have never won, thus are difficult to handicap due to their short race histories. These horses are generally very young and erratic in these races. Many bettors go to the family tree method to try and choose a winner here.
Claiming races are the most common and horses will compete at different claiming amounts depending on their class. These horses may be claimed before the beginning of these races.
Allowance races are for horses which race infrequently and cannot be claimed.
The handicap races are usually high class races where horses of varying ages compete against each other and are given weight handicaps depending on the age of the horse. The older stronger horses are given the heavier weights to make this a more even match.
Stakes races are for the highest class of horses and have very high purses. These are the races that the general public is most aware of. These are annual races such as the Kentucky Derby, Preakness or Belmont Stakes.
Each of the above mentioned types of races can be run at different distances. A race run at 7 furlongs or less is commonly known as a sprint. Races of a mile or more are known as routes.
Now that you understand the types of races, the following are the some of the basic types of bets you can make in thoroughbred betting:
Straight wagers (These wagers only involve one horse):
Win: You collect only if your horse finishes first.The minimum wager is $2
Place: You collect if your horse finishes first or second. However, if your horse wins, you only collect the Place payout. The minimum wager is $2.
Show: You collect if your horse finishes first, second or third, but you collect only the Show payout. The minimum wager is $2.
Combination or “Exotic” wagers(Wagers involving two or more horses) are some other types of bets to made in thoroughbred betting:
Daily Double: To collect, you must select the winner of two races. For example, you must select the winner of the first race and the second race. Of course, you must place the wager before the first of your two races!
Exacta: To collect, you must pick the horses that finish first and second in exact order. For example, if you play a 3-5 exacta, the #3 horse must Win and the #5 horse must Place (come in second) for you to collect.
Exacta Box: Is made to guarantee the outcome of the first two finishers regardless of which horse wins. For example, if you box the #3 and #5 horses and either the #3 or the #5 horse wins and finishes second, you win.
Trifecta: Is similar to an exacta, except you must pick the horses that finish first, second, and third in exact order. This is a challenging wager that often yields large dividends.