An omni swinger bet encompasses a combination of three wagers, namely win, place, and show. By incorporating these three types in one bet, it offers broad coverage across the top three finishing positions. The win component of the bet pays out if the chosen horse finishes first, place if it finishes either first or second, and show if it finishes among the top three. Essentially, an omni swinger bet provides a way to secure a return regardless of whether the horse wins, comes in second, or places in the top three. The trade-off for this increased coverage is that the payout is typically lower compared to a single win bet.