| win: | the horseplayer (bettor) selects one horse, and wins if the horse finishes first. |
| place: | the horseplayer selects one horse, and wins if the horse finishes first or second. |
| show: | the horseplayer selects one horse, and wins if the horse finishes first, second, or third. |
| exacta: | the horseplayer selects two horses, and wins if they finish first and second, in the right order. |
| boxed exacta: | the horseplayer selects two horses, and wins if they finish first and second, in either order. |
| trifecta: | the horseplayer selects three horses, and wins if they finish first, second, and third in the right order. |
| daily double: | the player selects one horse in each of two given races, and wins if they both finish first. (Usually the first and second races on the program.) |
For more information on thoroughbred racing, visit the Unofficial Thoroughbred Hall of Fame.