Rules & Regulations
Sportsbook Rules - Rules for Specific Sports
Rules & Regulations
Racebook Rules
We accept WIN, PLACE, SHOW, QUINELLA, EXACTA, TRIFECTA and DAILY DOUBLE wagers.
See complete Payout ChartWhen wagering over the Internet, you have no action unless you receive a confirmation number.
Once wagers are confirmed, we cannot change or void a confirmed wager.
We cannot be held responsible for any wagers that do not get in for any reason.
Wagers are accepted by saddlecloth number.
When you wager on a horse that is coupled, you receive all horses running under said number.
When wagering on a horse that is part of a field, you receive all horses in said field.
Attempted pool manipulation will be cause for your account to be closed and your outstanding balance to be immediately returned.
The Bet Lounge will not honor any wager that was placed after the official time of the start of said race.
All disputes to be settled by The Bet Lounge, using industry standards as guidelines.
All phone calls will be recorded and used to settle any disputes. The The Bet Lounge teller read back is the customer's wager confirmation. It is the customer's responsibility to listen to the read back and correct any errors.
You must be 18 years or older to setup a The Bet Lounge wagering account.
Customers attempting to wager more than the stated limit through multiple wagers or multiple accounts, are subject to review and possible account termination.
Any wagers accepted on a non-existent or unavailable pool, would constitute a refund of the wager
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WIN: When you select a horse to win, you collect if your horse finishes first.
PLACE: You collect if your horse finishes first or second.
SHOW: You collect if your horse finishes first, second or third.
ACROSS THE BOARD: Betting across the board is simply making an equal win, place and show wager on one horse. "$2 across the board on number six" is the same as saying $2 to win, $2 to place and $2 to show on number 6 for a total of $6.
Other popular horse racing bets
Daily Double
This horse racing exotic bet involves picking the winners of two races in a row. The Daily Double is usually contested on the first two races of the day and the last two races, although some tracks have daily double betting on horse racing throughout the day. The betting is straightforward. $2 is the minimum bet and you must select the winners of both races on one ticket.
Quinella
-- 1st and 2nd-place finishers.
For the Quinella, you have to pick (on one ticket) two horses to run first-second or second-first.
Exacta
-- 1st and 2nd-place finishers.
For the Exacta, you have to pick (on one ticket) the exact order of official finish of the first two horses of a race. If you want No. 2 to win and No. 5 second, simply tell the clerk "$2 exacta, 2-5." Always give the numbers in the order you think your two horses will finish. Your total cost is $2. If 2 wins and 5 finishes third, you do not win. If 5 wins and 2 finishes second, you do not win. NOTE: This wager is also called "Perfecta" at some tracks.
Trifecta
-- 1st, 2nd and 3rd-place finishers.
The Trifecta calls for you to pick the first three horses in exact order of official finish. The simplest form of this wager is the Straight Trifecta, which is a single combination of the first three finishers. The minimum bet for a Straight Trifecta is $2. To purchase, simply tell the clerk: "$2 Trifecta on 1-2-3." Trifectas qualify by each track's rules and regulations (refer to program). NOTE: This wager is also called the "Triple" at some tracks.