For one, you must bet a horse location or show because these bets are divided up between multiple horses while a win bet is only to be provided the winning horse. For example, if there are $1,000 bet on winning wagers and $1,000 bet on place wagers, $1,000 will go towards the win pool for 1 horse that finishes first and $500 will be paid out for both of the two horses that place (this example is a