3 Important Horse Wagering Terms to Know

If you plan to wager on the upcoming 2016 Kentucky Derby then you better familiarize yourself with some common horse wagering terms because Kentucky Derby betting online is no fun if you do not know what you are doing!

Learning how to wager on a horse race isn’t a long or complicated process, but there are a few terms that you need to know before placing your first bet. It is important that you know what you are betting on, so a basic understanding of the process will help you improve your odds.

The first term to know is ‘exacta’. An exacta wager is one where you attempt to pick the horses that will finish in first and second place in a given race. This is one of the most popular bets at the racetrack. One related term to exacta is ‘trifecta’, which means a bet in which you have to pick the first, second, and third place finishers.

‘Inquiry’ is another term that you should be familiar with when placing a wager. An inquiry can take place after a race is concluded if there is a concern that one of the horses or jockeys committed a foul. Depending on the findings of the inquiry, a horse may be disqualified from the race results.

One other terms that you should know is ‘post time’. Quite simply, this is the time when all wagers need to be in. If you haven’t placed your wager by post time, you won’t be able to make a bet on the next race. While at the track, keep a close eye on post time so you can be sure to get your bets down in time.

The terms above are just a starting point for your wagering education – if you would like to learn more, find a full glossary of horse wagering terms so you will know exactly what you are doing during your next visit to the track.