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1. **Win bet**: This is a bet on a horse to win the race. If the horse comes in first 🌈 place, the bettor wins the amount stated in the odds.

2. **Place bet**: This is a bet on a horse to 🌈 finish either first or second. If the horse comes in first or second place, the bettor wins the amount stated 🌈 in the odds.

3. **Show bet**: This is a bet on a horse to finish either first, second, or third. If 🌈 the horse comes in first, second, or third place, the bettor wins the amount stated in the odds.

4. **Across the 🌈 board bet**: This is a combination of win, place, and show bets. The bettor bets on a horse to win, 🌈 place, and show. If the horse wins, the bettor collects on all three bets. If the horse comes in second, 🌈 the bettor collects on the place and show bets. If the horse comes in third, the bettor collects on the 🌈 show bet.

5. **Exacta bet**: This is a bet on a horse to win and another horse to come in second 🌈 in exact order. If the horses come in the exact order, the bettor wins the amount stated in the odds.