WIN
This is a very traditional wager and if your selection wins the race, you win the bet. It is known as a "simple wager' although it is not simple to pick the winner.

STRATEGY
Traditionally, a player picks a runner to win based on the racing history of the runner, also known as the Past Performance, or PP. Did the runner win last time, has it won before etc. This is not always the case. However, some players bet on the jockey, the color of the horse, whether the horse is a filly or mare (female) or colt, gelding, horse (male).

PLACE
This wager is also a traditional and simple wager. Again, it can be difficult to pick a runner to come in second, which is what "place" means. Though you receive a payout if the horse comes in first or second, you only receive what the horse pays to come in second, not the amount paid from the win pool.

STRATEGY
Again, normally picked due to the past performance record of the runner. Many players make place wagers because it is a safer pick than a win wager. If a runner has a strong PP, but it is not a sure win, many novice players will play the runner to come in second, or place.

SHOW
This wager is also a traditional and simple wager. This type of wager is easier to pick because now you can win if the horse comes in first, second, or third. Your runner must come in at least third, or show, to collect a payout. In this case, you only receive the money from the show pool.

STRATEGY
There are many novice and professional players that strictly wager show bets. The novice will wager a traditional $2 wager, while the professional will wager much more. Again, the PP's are usually a determining factor in this type of wager.