Learn The Basics of the Game
Basic Mutuel Wagers
Betting on horses and greyhounds involves parimutuel wagering, which means “betting among ourselves.” In this type of betting, you are competing against other bettors, not against the track.
Simply follow these steps when asking for your mutuel ticket:
1. The track you want
2. The amount of your bet
3. The type of bet
4. Your selections in the race
please be sure to place all bets
according to the program numbers, not names
You may place bets at any mutuel window or use our self-serve touch screens located near the mutuel tellers.
How much can I bet?
You can bet as much as you like. Wheels and boxes can be played for a $1 per combination.
What if I notice a mistake on my ticket?
Always check your ticket for accuracy BEFORE you leave the mutuel window. Verify the track, performance date, the race, the type of bet and your selections. Once you leave the window, your tickets may not be canceled or exchanged.
Where do I cash my ticket?
Once the race is declared official, you can cash your tickets at any mutuel window. If you use a touch-tote betting machine, you must use a voucher or winning ticket and cash out with a teller.
When can I bet?
For horse wagering, you may bet on any race in the current program. For greyhound wagering, you can bet any race on the current program. Be sure to tell the clerk what program and race number you are wagering on.
Can I cash a ticket from a previous day?
Winning tickets from a previous performance can be cashed at any mutuel window at any time during the live racing season.
ODDS AND PAYOFFS
Odds are displayed on the tote board before each race. Each runner is listed by its number with the win pool odds posted next to that number. The odds change before each race, based upon the amount of money being wagered on each horse/dog to win. All odds listed on the board are odds of $1. For a $2 bet, simply double the amount. For example, if a runner is listed at 5-1 odds, the payoff on a $2 bet would be approximately $12. That’s five times the amount plus your original $2 back.
Iowa State law requires all uncashed winning tickets to be purged out 60 days from the last day of that racing meet. For a complete list of track dates and expiration dates, please click below.