Racing Bet Types

Win only or "Straight Out" is a bet placed on a runner to win only.

Place only is a bet placed on a runner to run 1st, 2nd or 3rd subject to field size.

Eight or more runners will pay 1st, 2nd and 3rd.
Five to Seven runners will only pay 1st and 2nd

This is basically two bets: (a) a Win bet (like above) and (b) a Place bet (like above). So, for example, a bet of $5 Each Way is a Win bet of $5 and a Place bet of $5. That is, $5 Each Way is a $10 bet in all.

It guarantees the better of the official Bookmakers' starting price (SP) and the official Win dividend declared by a TAB as nominated by the client.

The Starting Price is an average of the on-course bookmaker's prices taken at the start of each race. These prices are not known by punters at the time of betting.

Best Fluctuation or Top Fluc, is available up to 30 minutes prior to jump. Bets placed prior are guaranteed to be paid at the top official on-course bookie fluctuation as determined by the Bookmakers Pricing Service (BPS). the Win portion will be paid at the best official Bookmakers' price. For Win/Place wagers, the place portion will be paid at a price equivalent to the Tote Place dividend declared in the state in which the race is run.

Fixed Odds is a set price at which the Win portion of a bet will be paid at the fixed price as determined by the bookmaker.

This bet requires you to select the first and second place finishers, in either order.

A Box Quinella allows the ability to choose as many runners as you like from the same race, however two of the selections must place First or Second in any order. It also costs you more for your initial outlay as there are more runners.

To box a Quinella for $1

3 Runners - $3.00
4 Runners - $6.00
5 Runners - $10.00
6 Runners - $15.00
7 Runners - $21.00
8 Runners - $28.00
9 Runners - $36.00

To box 4 runners the bet will cost you $6 and if any of your four runners finish 1st or 2nd then you win your bet.

The Standout Quinella is when you specify a group of runners that you think may come first, and a group that may come second, specifically in that order.

This bet requires you to select the first and second place finishers, in that order.

Box Exactas
The formula for calculating the cost of an exacta box is (horses in box x (horses in box minus 1) x dollar amount of bet). A $2 box of two horses would be (2 x 1 x 2) = $4. A $2 box of three horses would be (3 x 2 x 2) = $12. A $2 box of four horses would be (4 x 3 x 2) = $24. As you can see the cost of the exacta box increases greatly with each additional horse. Also remember that you can wager a $1 exacta box. This reduces the amount of your wager by 50% but also reduces your earnings by 50%.

To box an Exacta -

3 Runners - $6.00
4 Runners - $12.00
5 Runners - $20.00
6 Runners - $30.00
7 Runners - $42.00
8 Runners - $56.00
9 Runners - $72.00

This bet requires you to select the 1st, 2nd an 3rd place finishers in order.

Triectas can be also be done as Boxed, or Standout bets as per Quinella bets.

Box Trifectas
These are offered at most racetracks in denominations as low as $1per unit, a $1 trifecta box of horses 2-4-6 would include six $1 combinations at a cost of $6 and would payoff if the order of finish were2-4-6, 2-6-4, 4-2-6, 4-6-2, 6-4-2 or 6-2-4.

To calculate the cost of a trifecta box, multiply the number of horses you would like to box by that number minus one and by that number minus two, and then multiply it by your bet amount.

Below follow the calculated costs of $1 trifecta boxes:
· $1 trifecta box of 3 horses = 6 possible combinations = $6.
· $1 trifecta box of 4 horses = 24 possible combinations = $24.
· $1 trifecta box of 5 horses = 60 possible combinations = $60.
· $1 trifecta box of 6 horses = 120 possible combinations = $120.
· $1 trifecta box of 7 horses = 210 possible combinations = $210.
· $1 trifecta box of 8 horses = 336 possible combinations = $336.
· $1 trifecta box of 9 horses = 504 possible combinations = $504.

Standout Trifectas
A runner selected to finish first (a standout) is combined with two or more other runners to finish second and third in any order. You can also standout a single runner to finish second or third if you wish.

Flexi Bet Trifectas
This bet allows you allows you to still specify the number of runners you wish to back but you can also specify what amount you would like to invest based upon your budget. The payout you receive will be a % of the winning dividend based upon the difference of the normal cost of a boxed Trifecta and the amount you chose to invest.

First 4 requires selection of the first four finishers in correct order.

There are four different types of First 4 betting - Straight, Box, Standout and Multiple First 4's.

Straight First 4
Requires selection of the first four placings in a race in the CORRECT order.

Box First 4
This bet allows your selections to finish first, second, third and fourth in ANY order. Boxing four selections gives you 24 combinations with which you can win First 4.

Standout First 4
One runner is selected to finish 1st (ie a standout) and is coupled with three or more runners to finish second, third and fourth.

Multiple First 4
A multiple First 4 is where two or more runners are selected to finish 1st, with a number of other runners to finish 2nd, 3rd and 4th.

A Quadrella requires you to pick four winners from four races nominated by a TAB at the one meeting. A Quadrella differs from an All-Up in that the dividend is determined by dividing the amount of money in the dividend pool amongst successful investors, as opposed to an All Up that transfers your winnings from one race to the next.

The minimum investment for a Quadrella here is 50 cents, however all dividends will be displayed for $1. Flexi and Mystery Quaddie betting are also available.

To calculate the amount you need to spend to couple more than one horse in each leg simply multiply the number of selections in each leg together

Some bookmakers provide their own exotic options, with Sportingbet Australia having a Place Card. This is selecting a horse to place in four designated races, and exclusive to Sportingbet. It is basically a quadrella for place getters.

Daily Doubles and Extra Doubles requires you to correctly pick the winners of two TAB nominated races at a meeting.

The Running Double requires you to correctly select the winners of any two consecutive races at the one race meeting e.g. Race 2 winner and Race 3 winner.

Treble is picking the winner of three separate races.

Another form of Multi-bet is the Parlay which is a set number of combinations where all are required to win for you to be successful. Each Parlay has a set number of legs but when you select a Parlay, you are choosing all possible combinations of Multi-bets for that number of legs. In addition, some Parlays, also include single bets on each selection or leg.

The key advantage of a Parlay over a standard multi is that if some of your legs are successful then you will still win a dividend based upon how many successful combinations you chose.

Trixie - (3 legs – no single bets - $4)
4 bets on three legs. ($4 total for a $1 bet).
1 x 3-leg multi; 3 x 2-leg multi.

Patent - (3 legs with three single bets - $7)
7 bets on three legs. ($7 total for a $1 bet).
1 x 3-leg multi; 3 x 2-leg multi and 3 single bets.

Yankee - (4 legs – no single bets - $11)
11 bets on four legs. ($11 total for a $1 bet).
1 x 4-leg multi; 4 x 3-leg multi; 6 x 2-leg multi.

Lucky 15 - (4 legs – 4 single bets - $15)
15 bets on four legs ($15 total for a $1 bet).
1 x 4-leg multi; 4 x 3-leg multi; 6 x 2-leg multi and 4 single bets.