The across the board bet is one of the simplest bets to make. If you're at a race track you simply tell the teller, or tote, that you want to bet a horse across the board. If you're using a machine or computer it may be marked as, "WPS," meaning win, place, and show.
If the runner manages to finish first, second, or third, you collect something. There are many things to be considered, however before making the wager. First of all, just because you collect when the horse finishes in the money, it doesn't mean you'll make a profit. Many horses pay less than $6 to show and that is the cost of a base bet when you put $2 across the board on a horse.
Which horses should you bet across the board? Most of the time, you should only make that wager on a long shot that will pay at least $6 to show, but that betting strategy only works if the runner is not being backed heavily in the show pools. Sometimes, even though a horse is a long shot, the bettors will put quite a bit of money on it to place and show because they believe it has a chance to finish in the money.
There are enough people who bet long shots to place or show, hoping to catch a horse that is under bet and that will pay well in the second or third position to make it necessary to check the pools if you're looking for the best bet. Unless you have access to information about those pools, however, this reasoning is often faulty because there will be a higher percentage of the show pool or place pool wagered on the horse than there is win money.
The best bet to place or show is a horse that is taking less money in the place or show pool than it is taking to win. Since those pools normally have less money than the win pool, this is best represented by a percentage. If you're looking for an easy bet that will have three chances to payoff, then the WPS bet is a possibility, but if you're looking for a profitable bet, checking the percentages and then choosing a horse that is taking some action in the win pool but that is taking a smaller percentage in the place or show pool is probably a better wager.
Just remember that there are no guarantees in life and any bet on a horse race involves risk.
If the runner manages to finish first, second, or third, you collect something. There are many things to be considered, however before making the wager. First of all, just because you collect when the horse finishes in the money, it doesn't mean you'll make a profit. Many horses pay less than $6 to show and that is the cost of a base bet when you put $2 across the board on a horse.
Which horses should you bet across the board? Most of the time, you should only make that wager on a long shot that will pay at least $6 to show, but that betting strategy only works if the runner is not being backed heavily in the show pools. Sometimes, even though a horse is a long shot, the bettors will put quite a bit of money on it to place and show because they believe it has a chance to finish in the money.
There are enough people who bet long shots to place or show, hoping to catch a horse that is under bet and that will pay well in the second or third position to make it necessary to check the pools if you're looking for the best bet. Unless you have access to information about those pools, however, this reasoning is often faulty because there will be a higher percentage of the show pool or place pool wagered on the horse than there is win money.
The best bet to place or show is a horse that is taking less money in the place or show pool than it is taking to win. Since those pools normally have less money than the win pool, this is best represented by a percentage. If you're looking for an easy bet that will have three chances to payoff, then the WPS bet is a possibility, but if you're looking for a profitable bet, checking the percentages and then choosing a horse that is taking some action in the win pool but that is taking a smaller percentage in the place or show pool is probably a better wager.
Just remember that there are no guarantees in life and any bet on a horse race involves risk.
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