What are “exotic” bets in horse racing?
Exotic wagers are essentially anything that doesn’t involve betting a single horse to win, place or show (or finish first, second or third).
There are two categories of exotic wagering: “vertical” and “horizontal.” Vertical wagers offered by USA top horse betting sites are those that require picking the correct order of finish in a single race, ranging from exactas (pick top two finishers) to Super High-5s (pick first five finishers).
Exotic betting is popular because it offers the possibility of a big payoff for a relatively small investment. But the degree of difficulty in collecting such bets is far higher than selecting a single horse to win, which can lead to long losing streaks.