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Online Horse Betting Options. When it comes to horse racing betting online, there are many betting types you can make. Each one offers an exciting chance to win big bucks at the horse racing betting sites of your choice. Win, Place, Show. Similar to the moneyline in other sports, win, place, show bets let you pick one horse over the others. The difference between a straight-up bet in racing vs one for football is you can choose a charger to win, come in second (place) or third (show).