1. **Win bet**: This is a bet on a horse to win the race. If the horse comes in first 1️⃣ place, the bettor wins the amount stated in the odds.
2. **Place bet**: This is a bet on a horse to 1️⃣ finish either first or second. If the horse comes in first or second place, the bettor wins the amount stated 1️⃣ in the odds.
3. **Show bet**: This is a bet on a horse to finish either first, second, or third. If 1️⃣ the horse comes in first, second, or third place, the bettor wins the amount stated in the odds.
4. **Across the 1️⃣ board bet**: This is a combination of win, place, and show bets. The bettor bets on a horse to win, 1️⃣ place, and show. If the horse wins, the bettor collects on all three bets. If the horse comes in second, 1️⃣ the bettor collects on the place and show bets. If the horse comes in third, the bettor collects on the 1️⃣ show bet.
5. **Exacta bet**: This is a bet on a horse to win and another horse to come in second 1️⃣ in exact order. If the horses come in the exact order, the bettor wins the amount stated in the odds.
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