www.twinspires.com is a churchhill downs company that offers online horse race betting - stake $500 in first 30 days and get $100 free.

Wheel Bets

Wheel bets are a lot of fun to bet, and newbies tend to love them because of the safety net of knowing that they have a wide variety of outcomes that can still pay out on one ticket. However understanding how wheel bets work can help you know what bets to make and which bets have the ability to have big payouts. There are two kinds of wheel bets. There is a full wheel, and a partial wheel. Key bets are one specific type of wheel bets, but most racetracks simply consider those bets as wheel bets. It is always important to check the race program to know which bets are accepted before going to place your bets.

Full Wheel

A Full Wheel bet is choosing a specific horse to come in a specific place and betting all of the remaining horses on the field for the other places. For example, if you want to bet a $2 Exacta Wheel and you expect the #1 horse to win, you will bet| “$2 Exacta Wheel 1 and All”. This bet will pay out if the #1 horse comes in first, and it doesn’t matter which horse comes in place as betting “all” bets on every horse on the field. You may also bet “$2 Exacta Wheel All and 1”, which will pay out if the #1 horse comes in second. Any horse may win. This can be done with many other bets, such as a Trifecta Wheel 1, 2 and All. Choosing to bet “All” in place of choosing a horse is not difficult, however because you are betting on every horse on the field it can get very expensive.

Partial Wheel

A Partial Wheel bet is very similar to a full wheel except you aren’t betting all the horses on the field, only a small selection. Using our example from above, if you are not sure if the #1 horse or the #2 horse will win, but want to bet the #3, #4 or #5 horse to place but you’re sure that the #6 and #7 horse won’t, then you can do just a partial wheel bet. To make this bet you will tell the teller “$2 Exacta Wheel #1, 2 and 3, 4, 5.” This bet will pay out if the official results are #1 and #2, #1 and #3, #1 and #4, #2 and #3, #2 and #4, or #2 and #5. This option may also be used on other bets such as the trifecta and superfecta. The partial wheel may not cost as much as a full wheel, but they still have the ability to get very expensive.

Key

A key bet is a partial wheel as you aren’t betting all the horses on the field like a full wheel, only a small selection. However in key bets you always choose one horse you expect to win.

Using our example from above, if you want the #1 horse to win, but aren’t sure if the #2, #3 or #4 horse will place but you’re sure that the #5 and #6 horse won’t, then you can do just a key bet. Some racetracks consider this a partial wheel bet. To make this bet you will tell the teller “$2 Exacta Key #1 and 2, 3, 4”. This bet will pay out if the official results are #1 win and #2 place, #1 win and #3 place, or #1 win and #4 place. This option may also be used on other bets such as the trifecta and superfecta. The partial key may not cost as much as a full wheel, but they still have the ability to get expensive.