The Breeders’ Cup is a championship that takes place annually for Grade I Thoroughbred horses. It was a year-end competition in 1984, but it eventually became a worldwide horse racing competition. Horses coming from different states and regions participate in this two-day meeting.
Moreover, the 2022 Breeders’ Cup will take place on November 4 and 5 at Keeneland Race Course in Lexington, Kentucky. The event this year will have 14 championships like last year. One of the races that will take place is the Breeders’ Cup Mile, where thoroughbred horses will run a mile on a grass course.
As part of this huge world championship, many people look forward to this event. Not only that, but many fans also place their bets on participating horses. What’s more, it’s also as exciting, if not more, than other horse racing events.
If you want to be part of the crowd and try your shot with one of the Breeders’ Cup Championship, you can try out the Breeders’ Cup Mile contest.
Table of Contents
Simple Wagers for New Bettors
If you are a new bettor and want to get the gist of horse race betting, it would help if you first try out the simple wagers this event offers. It has a very straightforward guideline wherein even the newest of all beginners can take part in it.
Win
This type of wager is common for most horse racing events and sports betting. It’s a typical bet where the payout is relatively okay. Placing wagers on win bets only requires you to guess what thoroughbred will get to the finish line first.
Place
A place wager is also similar to the simple win bet, except that you will need to bet on a horse that can finish first or second place. The risk in this bet becomes lighter than win bets, so the payout in place betting is lower. However, you have more chances of winning.
Show
On the other hand, the show bet is more undemanding. You can place wagers on a single horse, and he only needs to finish in first, second, and third for you to win. The risk is much lower, thus wagering in this bet can be a safe option. You can consider show betting if you don’t want to risk too much and just want to try wagering casually.
Advanced Wagers for Bettors
If you are now more familiar with how the breeders cup mile horse race bets work, you can try a different level of wagers. The most well-known type of advanced betting is the exotic wagers.
Exotic Bets
Exotic bets can be complicated for a first-time bettor, but it has a relatively bigger payout than simple wagers. This type of bet allows bettors to place wagers on multiple horses. It can be the same race or different races. Here is a list of a few exotic bets you can look into.
Exacta
An Exact bet is where you place money on two horses as two separate legs of your wager. To win an exacta bet, you need to correctly predict the first and second horses to finish the race in exact order.
Trifecta
For the trifecta bets, you must bet on three horses to place first, second, and third positions in the correct order. If all of them made it to the top three, but your second horse became the third, you still lose your bet. Remember that they not only need to win, but they must also finish the race in the order you predicted.
Superfecta
The superfecta is where you’ll need to predict the correct order of the top four finishers. Since this bet is composed of four horses, the risk now increases. Although it sounds tricky, the payout can be considerably high.
Pick 3, Pick 4, Pick 6, Pick All
These types of exacta bet don’t solely focus on the Breeders Cup Mile championship, but it involves all the other competition of the Breeders’ Cup. Unlike the first three types of exotic bets, Pick 3, Pick 4, Pick 6, and Pick All is another wager where you will place bets on multiple horses. However, you must wager on horses from different races.
To explain simply, you can either choose any from Pick 3, Pick 4, Pick 6, and Pick All. Then, you will need to place money on the horses you think will place first consecutively in every race. The number of races you bet on depends on your leg of the bet.
For the 2021 Breeders’ Cup, they had 14 races. If you have decided on Pick 4, you must select four consecutive races that will be the leg of your bet. Then, you’ll wager on one horse of these four particular events. These four horses must win their respective events so that you can win.
Final Thoughts
Betting on sports or horse racing is one of the most thrilling experiences. You can earn money if you win and witness these Grade I Thoroughbred horses race at the same time. The concepts of the listed wagers above are relatively easy to understand. You can bag your win in no time with few practices and research!
