The basic types of horse racing bets are of course win, place and show. A win bet means your horse must win, a place bet means it must finish first or second and a show bet means it must be first, second or third though of course this means a lower payout.

A Win wager or Win bet is the easiest bet you can make in racing: simply pick the horse you think will cross the finishing line first. If your horse wins: you win. If your horse doesn't win: you don't win.