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Occurring after the Kentucky Derby and Preakness Stakes, the "Test of the Champion" is run at a distance of a mile and a half (12 furlongs). Our Favorite Horse Betting Sites2: Register Have your deposit info close. You would receive your $100 back in addition to your winnings of $71. A daily double bet is a wager where bettors pick the Sportsbook of two consecutive races.Exacta Bets A Pick 4 bet means you have to predict four successive Sportsbooks, and a Pick 6 bet means you need to pick the Sportsbook of six consecutive races.Quinella Wagering