Welcome to our Horse Racing Betting Explained section – guides, hints, strategies and explanations to help you win money on horse racing and understand the. People have been betting on horse races since horses have been running. . Bet Type, Your Chances of Winning, Explanation and Expectation, Suggested. Glossary of Horse Racing terms. Breeders' Cup horse racing. Breaking from he . Golf Betting Games and Tournament Formats Explained. Are you with a group of friends betting on horses at the racetrack? That said, several terms relate to different kinds of straight bets that can increase your odds of winning a little money. As with the Lucky 15, there are often extra bonus payments on offer. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator. Have your money ready in your hand. This could be expressed as 2. Each Way You bet on a horse to Win or be Placed.