There are many types of wagers in horse betting, including the win, place, and show bet types. Now, everybody has a personal favorite. Thus, the right choice when betting on horse racing depends on your goals and betting experience and style. However, for newcomers to horse racing betting, betting on place or show is a much easier and safer idea. As mentioned above, if you are a beginner, you lack the experience that would help you choose the best horse that will win. Moreover, you don't have the experience needed to calculate odds and determine risks. So, placing a win bet is a much greater risk to lose. Yet, with place and show bets, you basically have more odds to win the bet since your horse could finish first, second, or third (if you bet on show), and you will still be winning. What's more, the best part is that the payout will be the same in either of the three positions. So, with show bets, despite the payouts being the lowest compared to other types of bets, it offers you the highest probability of winning.