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What is a Pick 5 in horse racing?

A pick 5 is a multirace wager that requires the bettor to select the winners of five consecutive races.

The minimum wagering unit varies, but can be as low as 50 cents. In other words, if you use one horse in each of the five races, the cost of your ticket would be 50 cents.

But as is the case with other types of multirace wagers, many players improve their odds by “keying” on an individual horse of a few horses in some races and “spreading” – or using many horse — in others that appear more wide open.

For example, you might decide that the favorite in the first race of the sequence is a standout, while the second is wide open and the other three races can be reduced to a couple logical favorites.

In that case, you would calculate the cost of the ticket by multiplying the numbers of horses in each race like this: 1x10x2x3x2=120. If you were betting the 50-cent base unit, you’d divide the results by 2 to get the total of $/£60.

Read about Pick 3 here.