Pick
Four horses in the exact 1-2-3-4 order
Minimum ticket
$0.10 (most tracks)
Scope
One race
How it works
The lottery ticket of horse racing. Hitting one is a story; payouts clear $10k for a $1 ticket on a chaotic Derby. The 10-cent minimum at most tracks lets recreational bettors take a shot without risking much.
Where to bet
US pari-mutuel wagering goes through licensed operators. TVG, owned by FanDuel, and TwinSpires, owned by Churchill Downs, are the two largest US dedicated racing platforms. Caesars and DraftKings carry horse racing in licensed states alongside their main sportsbook product.