If you already have some experience with horse race betting and have made some simple bets such as win, place, show, or across the board, you may be interested in exotic horse race betting. Exotic bets are more complicated than simple bets, have longer odds, and have much higher payoffs. A couple of relatively simple exotic bets are the quinella and the trifecta.

When you bet on a quinella for a race, you select any two horses you believe will finish first and second, in either order. It is also possible to bet combinations of numbers on this bet, picking any three horses, for an extra fee. This is called betting a box or wheel, and while it does decrease your profit, it gives you better odds of hitting your ticket.

Another good choice in exotic horse race betting is a bet called the trifecta, which is quite a bit more difficult to hit than the quinella. When you bet on a trifecta, you must select the first three horses that finish, in their exact finishing order. As with the quinella, people often box their bets when wagering on a trifecta in order to improve their odds.

Be careful when trying out exotic bets, especially if you usually limit your horse race betting to simple bets. The allure of the high payouts offered by exotic bets is balanced by the great challenge of actually cashing out on an exotic bet. Whichever type of bet you prefer for your horse race betting, signing up at VIPhorses.com is the best way to get started and experience some of the action.