If you are new to horse racing betting in Canada, then the first thing you'll want to do is learn about the various wagers and the odds associated with them. There are literally dozens from which you can choose, too. Here, you'll learn about the Trixie, the Yankee, the Lucky 31, the Lucky 63 and the Heinz and Super Heinz wagers. These are all a bit more complicated than your traditional win, place and show, but they'll certainly do the trick if you can pull it off.

The Trixie

The Trixie is when you place four separate stakes on three different choices in separate races. Three of these must be doubles and one must be a triple, and two of these must win if you're going to get a payout. This means that you'll go for the win, place and show on one and just the win and place for the other three. This is a really popular form of horse racing betting in Canada.

The Yankee

With the Yankee, you'll place 11 different stakes on four different choices. You'll need four triples, six doubles what is called an accumulator, which is just a fancy word meaning you'll have to choose another option since all of your choices have to win in order for you to get paid. This can certainly sound tricky, but it doesn't have to be. Just do your research prior to getting started.

The Heinz and Super Heinz

If you're thinking ketchup at this point, you're actually pretty close! This wager gets its name from the Heinz trademark of 57 varieties. You'll be asked to make 57 different choices involving six picks with 15 doubles, 20 triples, 15 quadruples, six quintuples and an accumulator. Two of these choices must be winners in order to get a payout. The Super Heinz is much like this but consists of 120 stakes with seven picks including 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds and an accumulator. Again, two of these must be successful to get any kind of return. This is one of the more complicated forms of horse racing betting in Canada.

The Lucky 31 and the Lucky 63

The Lucky 31 and the Lucky 63 both live up to their names. For the former, you'll place 31 bets on five picks with five being singles, 10 doubles, 10 trebles and another five fourfolds with an accumulator. You'll earn a payment based upon the number of picks that win. With the latter option, there are 36 wagers with six picks though things are a bit more complicated. You'll need six singles, 15 twice, 30 tripled, 15 quadrupled, six quintupled and an accumulator. Again, your return is based on the number of your selections that win.

Though a lot of this sounds quite complicated, you can rest assured that horse racing betting in Canada websites make it easy. All you have to do is know which animals you like and how much you want to spend.