What Are Some Features of Races Held at Meadowlands Racetrack?


Quick Answer

The most prominent feature of horse races held at Meadowlands Racetrack is pari-mutuel wagering, a type of betting that allows patrons to bet against each other instead of the track itself. Wagers can be made with a teller, processed through a self-betting machine or through a smartphone application.

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Full Answer

Meadowlands Racetrack offers a wide variety of wager types. In win, place or show bets, customers bet on a single horse in a single race to come anywhere between first (win), first or second (place) or first, second or third (show). Win bets offer higher payouts than show bets, but the latter's versatility makes it easier to win. Exotic wagers are also offered and can include picking the top five finishers in a single race (Jackpot Super High Five) or picking the winner in a number of consecutive races (Pick 4). Some exotic wagers are available only on particular race numbers. The racetrack profits by taking some money out of every pool, called the takeout. The percentage varies based on type of bet.

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