By all means enjoy a mint julep on Derby Day, but placing your bets on the first race of the Triple Crown series is a time for sober calculation. For Kentucky Derby neophytes, CBS Sports has this handy breakdown of all the main betting terms you'll need to understand at the track:
Win: Pick the horse that wins the racePlace: Pick a horse that finishes first or secondShow: Pick a horse that finishes first, second, or thirdDaily Double: Pick the winners of two racesExacta: Pick the first and second-place finishers in the correct orderExacta Box: Pick the first and second-place finishers in no particular orderTrifecta: Pick the first, second, and third-place finishers in the correct orderTrifecta Box: Pick the first, second, and third-place finishers in no particular orderSuperfecta: Pick the first, second, third, and fourth-place finishers in the correct orderSuperfecta Box: Pick the first, second, third, and fourth-place finishers in no particular order [CBS Sports]
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