win/place/show betting

Win, Place, and Show are common horse racing bets. A "Win" bet means you pick a horse to finish first. A "Place" bet covers the horse finishing either first or second, so it wins if your horse is either the winner or runner-up. A "Show" bet involves predicting the horse will finish in the top three positions, winning if it is first, second, or third. These bets vary in risk and payout: Win offers the highest payout for a correct prediction, while Show offers the lowest risk with smaller returns. They allow bettors to choose based on confidence and desired risk level.