Every year, the sport of horse racing becomes more popular, and the interest in gambling on horse racing continues to grow. However, if you are new to horse racing, it can be confusing when you get started and want to bet on a race. When you are gambling on horse racing, it is not a simple matter of betting on a horse to win or lose; there are a number of different ways to bet on a horse race.

There are two main types of bets in horse racing--straight bets and exotic bets. Straight bets are simple to understand and there are three different kinds: win, place, and show. When you bet on a horse to place, you bet that it will finish either first or second, while when you bet on it to show, it must finish in any of the top three positions.

In terms of the exotic bets that are available when gambling on horse racing, three you will commonly encounter are the exacta, trifecta, and superfecta. For an exacta you must choose the both the first two horses and the correct order they finish in. A trifecta is more difficult and has a higher payoff--you have to choose the first three horses, in order.

One of the most difficult bets to hit is the superfecta, where you pick the first four horses in order, and are eligible for a huge payoff if you choose correctly. To gain in edge when gambling on horse racing, be sure to visit VIPhorses.com. VIPhorses is the premiere source for horse racing information and wagering services. Sign up today and get in on the action right away!