What Does Pools Mean in Horse Racing?

First, what does pools mean in horse racing? The total pool is the amount of money bet on each horse. However, the total pool does not necessarily mean the amount of money that will be paid out to the winners. Depending on the state, the "take" can be anywhere from 14 to 22 percent. The money is divided between the bettors, who get to share the money that is left in the pool.

In horse racing, there are four types of pools. A place pool is an equivalent to a straight wager, where you place a bet on a horse to win, and a place bet on another horse to finish second or third. An exacta is a bet on two horses in the same race. The reverse exacta, on the other hand, costs twice as much and covers first and second place in any order.

A jackpot bet is the most common type of pool bet. This bet cannot be placed at traditional fixed odds. It requires you to pick a horse to win all six races on a card. It may involve a number of permutations, such as a win accumulator or a trifecta. These bets are the most common form of pool bets, but there are other types as well.

While fixed odds betting guarantees a return of six percent, a pool can yield a higher payout. If the SP is higher than six percent, you can expect to see a dividend of six or more times your initial investment. Pool betting is a way to get bigger payouts through Singapore pools login than fixed odds, but you should also understand that pool betting is not for everyone. However, if you do it correctly, you can reap huge returns from it!