A fairly safe way of wagering is to bet a horse across the board, meaning you bet an equal amount to win, place, and show. A typical across the bitcasino win board bet costs $6, because it's three different bets: $2 to win, $2 to place, and $2 to show. If your horse wins, you collect all three wagers. The worst case scenario? Your horse ends up in fourth place or worse, called an out of the money finish, and all three bets lose. An each-way bet is very popular in the horse betting world. It consists of two bets on one specific horse, a win bet and place bet. The amount wagered must be the same for both bets. For example, if you bet $10 on a horse to win, $10 will also be wagered on the same horse to place for a total wager of $20. An each-way bet is very popular in the horse betting world. It consists of two bets on one specific horse, a win bet and place bet. The amount wagered must be the same for both bets. For example, if you bet $10 on a horse to win, $10 will also be wagered on the same horse to place for a total wager of $20.