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Since horseracing first began, people have
wagered on the outcome of the race. For most,
the thrill of going to the races involves the thrill
of winning a bet, whether through calculated
skill or just sheer luck.
Betting on horse racing
usually takes one of the
following forms:
Fixed Odds Betting:
Offered predominately by on-course
bookmakers, the operator offers odds against
the chances of each runner winning or running
a place in a race. Customers then place a bet
on that runner at the odds offered at that time,
and the stake of the bet is multiplied by the
odds on offer. If successful, the punter receives
the resultant amount plus his original stake.
Totalisator Betting:
A totalisator is a system used to enable persons
to invest money on events or contingencies
with a view to successfully predicting specified
outcomes of those events or contingencies and
to enable the money left after the deduction
of commission to be divided and distributed
as dividends among those persons who
successfully predict those outcomes.
CommonTypes of
Totalisator Betting
• Win:
The most popular bet you can have.
Simply pick the runner that you think will
finish 1st in a race.
• Place:
Pick a runner in a race and if your
runner finishes 1st, 2nd or 3rd you will
collect your place dividend. (Under normal
circumstances a 3rd place dividend is only
paid in races with eight or more runners).
• An Each Way bet (Win/Place)
combines the
Win and Place bets. If your runner wins, you
will collect both a Win and Place dividend
or if your runner finishes 2nd or 3rd you will
collect the Place dividend only.
• Quinella:
To win the Quinella you are
required to correctly select the two runners
that finish 1st and 2nd in a race, in any order.
• Exacta:
An Exacta requires you to correctly
select the two runners that finish 1st and 2nd
in a race in the correct order.
• Duet:
The Duet requires you to correctly
select 2 of the 3 placegetters in any order
and is only available on races that have eight
or more runners. The Duet will pay three
dividends for the following combinations: 1st
and 2nd, 1st and 3rd, and 2nd and 3rd.
• Trifecta:
The Trifecta requires you to select
the runners that will finish 1st, 2nd and 3rd
in a race, in the correct finishing order. Flexi
betting is also available.
• First 4:
The First 4 requires you to select
the 1st, 2nd, 3rd and 4th placegetters in
the correct finishing order. Available in Flexi
betting.
• Double:
The Double requires you to correctly
select the winners of any two nominated
races at the one race meeting e.g. Race 2
winner and Race 3 winner
• Quadrella:
A Quaddie requires you to pick four
winners from four races nominated by TAB at
the one meeting. Available in Flexi betting. The
Quaddie for each race meeting is marked in
the “Exotic Bet Info” column on Today’s and
Tomorrow’s Racing Schedules on tab.com.au.
Quaddie legs are marked as QAD.
• Big 6:
A BIG 6 requires you to pick six winners
from six races nominated by TAB. The races
that make up a BIG6 may be at the same race
meeting or at different race meetings. There
is at least one BIG6 available every week.
Available in Flexi betting. Available BIG6s are
indicated in the “Exotic Bet Info” column on
Today’s and Tomorrow’s Racing Schedules on
tab.com.au.
• All Up:
A more complex bet which involves
parlaying your winnings from one race into
one or more other races. To parlay means to
create a single bet that links together two or
more individual bets and is dependent on all
of those bets winning together.
• Betting Exchanges:
offer a form of betting
where the operator accepts bets from
punters on the predicted outcome of a certain
contingency (e.g. a horse winning a race)
and matches them with bets placed by other
punters who select the opposite outcome. In
effect the bet is between two individual punters
and the operator does not become party to the
bet. The operator then extracts a commission
from the winnings of the successful punter.
Betting Options
• What is boxing?:
Available on Quinella,
Exacta, Duet and First 4. When you ‘box’ the
runners in your bet, you cover all possible
combinations for the finishing order.
• What is a multiple bet?:
Available on
Quinella, Exacta, Duet, Doubles, Trifecta,
First 4, Quaddie and BIG6. A multiple bet is
where you pick more than one runner in each
leg of the bet.
• What is Flexi betting?:
Available on Trifecta,
First 4, Quaddie and BIG6. Flexi betting
allows you to nominate the total amount you
would like to spend on your bet, so you can
include as many selections as you like at an
outlay that suits your budget. If your bet is
successful, you will collect a percentage of
the full dividend.
For TAB Information including scratchings,
payment of tickets or lost and destroyed
tickets, visit TAB.com.au
The Championships encourages participants to
gamble responsibly.
Think! About your choices.
If gambling is a problem for you call NSW
Gambling Help on 1800 858 858 or visit
A Guideto betting
