Horse Racing Betting Guide – All Types Explained.
What is a Trifecta?
This bet requires you to select the 1st, 2nd an 3rd place finishers in order.
Example: If you have a $1.00 trifecta on the numbers 7 to win, 3 to come second and 9 to run third then they need to finish in the order 7-3-9 for you to win.
Trifectas can be also be done as Boxed, or Standout bets.
Box Trifecta
You may select a number of horses to run 1st 2nd or 3rd in any order with a minimum of 3.
The more selections you have, the greater the cost of your box trifecta, with the obvious trade-off being a greater chance of success.
Flexi Bet Trifecta
This bet 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 of your investment.
What is a Quinella?
A Quinella is a bet that requires you to select the runners who finish in first and second place, in either order.
Example: If you have $1.00 on numbers 4 and 6 to win the Quinella then either horse can win or run second (4-6 or 6-4) but they must both finish 1st or 2nd.
Quinella dividends are calculated by the amount of total money in the pool at race end and a dividend is then declared once the race is run.
Box Quinella
A Box Quinella allows you 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.
As ever, it also costs more for your initial outlay as there are more chances to win.
What is a First Four
In horse racing, the first 4 requires selection of the first four finishers in the correct order.
There are four different types of First 4 betting – Straight, Box, Standout and Multiple First 4′s.
Straight First 4
Requires you to select the placing’s of the first 4 runners 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 and therefore exponentially increases your chances of winning a 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.
What is a an Exacta?
This bet requires you to select the first and second place finishers, in that order.
Example: If you have a $1.00 Exacta on numbers 3 and 10, then number 3 has to win and number 10 has to run second. Exactas normally pay more than quinellas but they are naturally harder to win.
In other words, “exactly” pick the result of 1st and 2nd place.
What is an Each Way Bet?
An each way bet is actually two bets: a Win bet and a Place bet. For example, a bet of $5 Each Way is a Win bet of $5 and a Place bet of $5.
This means that a $5 Each Way bet will cost you $10.
Example: If you have $5 each way on a runner paying $4.00 for a win and $2.00 for a place you will outlay $10.00 on your bet.
If your runner wins you will get paid $30.00 ($20.00 from the win and $10.00 from the place).
If your runner runs second or third place you return will be $10.00 ($0 for the Win and $10.00 for the Place)
What is a Quadrella?
A Quadrella, also known as the Quaddie, requires you to pick four winners from four races nominated by a betting agency at the one meeting.
A Quadrella differs from an All-Up or parlay in that the dividend is determined by 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 on Quadrellas.
Example: You want to have a $1.00 Quadrella with 2 runners in each leg. This will cost you a total of $16 (2 x 2 x 2 x2), and so on.
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