Horsing Around

Horsing AroundA Primer on Pari-Mutuel BettingAsastart, don't be intimidated by the jargon. The terminology of race betting and types of wagers turns out to be simple. Make a WIN bet and you cash in if your horse wins the race. You collect on a Place bet if your horse finishes first or second. A cautious and conservative bettor may prefer a SHOW wager, which brings a return if your horse finishes first, second or third. That payoff is usually the smallest of the three popular wagers, but chalk it...