What Is Win Place Show
Win Place Show, huh? So you want to partake in some pari-mutuel wagering? Don’t worry, that’s a fancy term that means “betting among ourselves”. When you place a wager on a horse race you are not betting against the “house” as you would be if you were wagering at a casino in Las Vegas or Atlantic City. Instead, you are betting your horse against every other bettor. Let the best man win!
What is a Win Place Show Bet?
Our flagship game Win Place Show, the first daily lottery game based on the results of a live sporting event, launched as a test pilot through the Kentucky Lottery on March 31, 2019 and exceeded financial projections. Win Place Show will launch statewide at all 3,400+ Kentucky Lottery retailer locations in August of 2020. Win, Lose or Draw is an American television game show that aired from 1987 to 1990 in syndication and on NBC.It was taped at CBS Television City (one of the few non-CBS game shows to tape there), often in Studios 31, 33, and 43 at various times. It was co-produced by Burt & Bert Productions (headed by Burt Reynolds and Bert Convy, the original host of the syndicated version) and Kline. Win, Place, Show Win, place, and show bets are some of the simplest horse racing bets that you can make. With each bet, you pick a horse, and if they finish in the correct position, you win! If you bet a horse to win, they have to win the race for you to win your bet.
Win Place Show bets are commonly called straight wagers and are the most traditional in horse racing. They are lower risk bets compared to exotic wagers like Exactas and Trifectas. These wagers are a good place for the novice horseplayer to jump in. Let’s look at the different wagering requirements.
The Three Different Win Place Show Bets
Win: If you wager $2 to Win on your horse, you collect only if your horse finished first.
Place: If you wager $2 to Place, your horse must finish first or second for you to collect. But remember, you don’t get the Win payoff, just the Place payoff, which is generally smaller than the win payoff.
Show: If you wager $2 to Show, your horse must finish first, second, or third. But remember, you only collect the Show payoff.
Many experts consider playing a horse to Win to be the best bet in horse racing. Before placing a Win bet a horseplayer can see the odds on the tote board and then determine if those odds represent good wagering value.
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Win Place Show Strategy
What Is Win Place Show Bet
A term you may hear tossed around at the track is an “Across the Board” wager. Here you are wagering on a horse to Win Place Show on one ticket. If your horse wins, you receive Win Place Show payoffs. If your horse finishes second, you receive Place and Show payoffs; and if your horse is third, you receive the Show payoff only.
These wagers would be considered “low risk” betting, at least compared to the rest of the wagering menu. There also is a lower “takeout” on these wagers. The takeout is the cut the track takes to pay purses and expenses. The “take” on Win Place Show wagers is generally around 17% depending on the jurisdiction. The takeout on Exactas and Trifectas can range from 19% to as much as 30% at some tracks.
Win Place Show Payout Examples
Here are a couple of examples of Win payoffs based on the odds you might see on the tote board:
2/1 pays $6.00
7/2 pays $9.00
9/2 pays $11.00
10/1 pays $22.00
(Based on a $2 win bet).
What Is Win Place Show In Horse Racing
Horse Racing Betting Explained