If you place a bet for a horse to win, place or show it may be as follows:
If you bet the 4 horse for WPS your horse has to come in just as stated to Win the race, Place in the race first or second, or Show in the race in the first, second or third.
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If you bet on "show" in horse racing, you are betting that the horse will at least finish in 3rd place in the race. The other 2 bets are "win" and "place" (come in 2nd). So if you bet the horse to show you will collect money if the horse finishes 1st, 2nd or 3rd.
Win, place and show are types of bets. Win is paid to the horse that finishes first. Place is paid to the horses finishing first or second. Show is paid to the horses that finish first, second or third. The money pools for win, place and show aer separate.
There are many different ways to bet on horses, but not all of them are equally successful. For example, if you're betting with racing experts then there's a good chance that you'll have a much higher success rate than if you're betting by yourself.
Really you can't tell which horse will win but my answer would be going for the under dogs.