To place a bet on horse races or other sporting events you have to go via Sportsbooks in US and vie Bookmakers in UK. You can of course also choose to bet online or telephone in your bet, or use the Ladbrokes horse racing betting services.

Types of bets:

Straight bet or Single or Win bet: For a novice this would be the best place to begin as you would only be betting on the winner. You make money only if your chosen horse wins the race.

Place: A place bet means you are gambling on your horse making it to the first or second position.

Show: Show bet allows you to collect cash when your horse comes in any of the first three positions.

Combination Bet: If you are unsure put your money on up to four horses and their positions at the end of the race

Pick 3: You can choose on a winner for three consecutive races

Pick 6: Similar to Pick 6, you can choose from the first six, middle six or last six races and place a bet.

Quiniela or Reverse Forecast (UK): If you cannot make up your mind between two horses, you choose this category as this allows you to choose from either of the two horses to finish in the first two positions.

Perfecta or Exacta or Straight Forecast (UK): In this category also you choose two horses but they must finish the race in the exact first two positions as betted by you.

Trifecta or Tricast or Treble Forecast (UK): Similar to the above one, but instead of two horses you choose three and predict the exact order of the three winners.

Superfecta: Similar to above but with four horses with exact order of first four winners.

Daily Double: You bet on the winning horses of the first two races of a day.

Jackpot: You choose six winners from six different races for a jackpot win. Horse Racing betting by Ladbrokes can get you some of the highest bonuses in the business.

Parlay or Accumulator: A place where you can greatly increase your winnings. With this type of bet, you will be betting on multiple races and pledge your winnings from the earlier race to the next one. You will of course need to win in all of the races if your winnings have to pledged for the next race.

Future: One of the best ways to make money, this highly profitable bet category is made way into the future betting on the odds predicted by the oddsmaker. The odds will of course keep changing as the D-day draw nearer. While the bet is place days before the game, you can collect your win only after the race is over.

Exotic Bets: Bets are not restricted to specific sports but several other events related to sports and can include just about anything.

Proposition Bet or Prop Bet. Odds betting on the terms set by the sportsbooks. This generally refers to the Exotic Bet category.

Other popular terms of horsebetting are Each way bets, Patent, Yankee, Super-Yankee