australian horse race betting explained

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Australian horse race betting explained 1992 sports betting law wiki

Australian horse race betting explained

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Namespaces Article Talk. A Big 6 bet type involves selecting the winners of six nominated races nominated as legs of the Big 6 for a particular meeting. Pick all six winners across the six races and you win the Big 6 dividend. As with the First 4, flexi betting is available for the Big 6, allowing you to add as many runners as you like to suit your betting budget. Naturally, the possible combinations are much higher, and more expensive, than a First 4, especially with a Big 6 running across six races.

A Quadrella requires you to pick four winners from four races nominated by a TAB at a race 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.

Flexi and Mystery Quaddie betting options 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, such as a Place Card. This is selecting four horses to finish in first, second or third place in four designated races, basically a quadrella for place getters. Place odds are multiplied together to calculate a price.

To win, all four selections must place in each race. We recommend Sportsbet for the best horse racing bet types. They both have to win their race for you to successfully win your bet. Double dividends are calculated by the amount of total money in the pool at race end. A dividend is then declared after the race is run. The Running Double requires you to correctly select the winners of any two consecutive races at the one race meeting e. Race 2 winner and Race 3 winner.

Running doubles are available across the board and can often through up a good dividend if you think outside the box. A Treble involves picking the winner of three separate races. The first bet returns are rolled over to the second bet, then the second bet returns are rolled over to the third bet.

Each of the three selections must win for your bet to be successful. Selecting three winners can accumulate into a large dividend if bet with value in mind. All three bets have to win for your bet to be successful. Also known as an Accumulator or Parlay. An All Up allows you to select one or more runners to win or place on different races and all of your selections are required to be successful for the All Up to win.

The payout is worked out by multiplying your initial stake amount by the odds for each of your selections. Assuming all runners win All up betting allows you to win a large amount of money for a very small outlay if you select wisely. Most bookies allow you to have all up bets over different meetings across different race codes, including Harness racing and Greyhounds.

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 the amount of successful combinations you chose. Same Race Multi is an exciting bet type available at Sportsbet.

It allows you to pick multiple runners to Win, or finish within the Top 2, 3 or 4 in a race. The Same Race Multi bet affords you greater flexibility with your betting, No longer do you have to finish in the top 3 to receive a return on your bet. Whatever your bet choice, always remember to gamble responsibly and never bet more than you can afford to lose. The following horse racing info explains more about betting on Australian thoroughbred racing. Betting Guide - If your new to racing then we recommend reading our Betting Guide to learn more about the intricacies of online betting.

Multiple Betting - For more information on how multi betting works, visit our Multiple Betting page which explains things in more detail. Learn how to choose an online bookmaker, open an account, deposit funds, place a bet and collect your winnings. Find out how bookmaker percentages allow bookies to frame a betting market to gain an edge over punters. What are the different types of racing bets? Learn about the most common horse racing bet types available in Australia.

Looking for racing terminology, lingo or slang? Our horse racing glossary explains common terms and sayings. What is the shortest distance a horse can win by? Horse racing winning margins and distances explained. Sportsbet is one of Australia's biggest online bookmakers.

The Australian and New Zealand punting glossary explains some of the terms, jargon and slang which are commonly used and heard on Australian and New Zealand racecourses, in TABson radio, and in the horse racing media.

France switzerland betting odds Category Commons Wiktionary WikiProject. Online bookmaker Sportsbet australian horse race betting explained our preferred choice for all your betting requirements! Once betting has closed on an event, the pool is then divided according to the monies invested on each possible outcome. Win only, or "Straight Out", is a bet placed on a runner to win only. The Best of 4 product is available at all horse races around the country and provides the best odds of the three Australian Totes or the Starting Price, whichever is greater. 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. General Responsible Gambling I won the tipping competition, how do I collect my prize?
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15 min binary options strategy Horse transmixer mining bitcoins is BIG business in Australia and betting is the major thing driving the industry's growth. Also known as an Accumulator or Parlay. All punters should understand over-round, how to spot it, and how to find better value on the Betfair Exchange. How do you bet Each-Way? Some good results last week saw SmitsTips go 2 out of 3 in his A-League betting tips, and this week we have Billy Bestford set to continue the form with his Matchweek 8 preview.
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Better gym oasis sports centre Pick all six winners across the six races and you win the Big 6 dividend. A Big 6 bet type involves selecting the winners of six nominated races nominated as legs of the Big 6 for a particular meeting. The relationship between punter and bookie is never more personal and face-to-face as it is on-course. Multiple Betting - For more information on how multi betting works, visit our Multiple Betting page which explains things in more detail. Retrieved 7 December
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RACING BETTING OFFERS LIFESCRIPT

For a place bet to win, your horse must run a place. An each way bet is actually two bets: 1 a Win bet as above and 2 a Place bet as above. 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. 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. Quinella dividends are calculated by the amount of total money in the pool at race end and a dividend is then declared after the race is run.

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.

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. Exactas traditionally pay more than Quinellas but they are also harder to win as they have to run 1st and 2nd in order. 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. As you can see the cost of the exacta box increases greatly with each additional horse.

To receive a winning pay out, the order of finish would need to be one of the following combinations. To calculate the cost of a trifecta box, simply multiply the number of horses you would like to box say 8 , by that number minus one 8x7 , and by that number minus two 8x7x6 , and then multiply it by your bet amount to find the number of combinations.

If any three of your selections fill the first 3 placings then you would win the bet. 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. 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.

You want to box 5 horses in a trifecta. Boxing four selections gives you 24 combinations with which you can win a First 4 bet type. Standout First 4 One runner is selected to finish 1st 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 Big 6 bet type involves selecting the winners of six nominated races nominated as legs of the Big 6 for a particular meeting. Pick all six winners across the six races and you win the Big 6 dividend. As with the First 4, flexi betting is available for the Big 6, allowing you to add as many runners as you like to suit your betting budget.

Naturally, the possible combinations are much higher, and more expensive, than a First 4, especially with a Big 6 running across six races. A Quadrella requires you to pick four winners from four races nominated by a TAB at a race 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. Flexi and Mystery Quaddie betting options 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, such as a Place Card. This is selecting four horses to finish in first, second or third place in four designated races, basically a quadrella for place getters. Place odds are multiplied together to calculate a price. To win, all four selections must place in each race. We recommend Sportsbet for the best horse racing bet types.

They both have to win their race for you to successfully win your bet. Double dividends are calculated by the amount of total money in the pool at race end. A dividend is then declared after the race is run. The Running Double requires you to correctly select the winners of any two consecutive races at the one race meeting e. Race 2 winner and Race 3 winner. Running doubles are available across the board and can often through up a good dividend if you think outside the box.

A Treble involves picking the winner of three separate races. The first bet returns are rolled over to the second bet, then the second bet returns are rolled over to the third bet. Each of the three selections must win for your bet to be successful. Selecting three winners can accumulate into a large dividend if bet with value in mind. All three bets have to win for your bet to be successful.

Also known as an Accumulator or Parlay. Sign up to punters and receive a free copy of the punters bible Sign up. Betting Betting online. Racing Sky Racing. Sign up for our Newsletter Receive latest horse racing news, race previews and our hand picked Saturday Selections. Horse racing is BIG business in Australia and betting is the major thing driving the industry's growth. Apparently we love to punt!

If you're new to the game then betting can be a little daunting, but it really is straightforward once you understand the basics. We want to help you with that by providing a snapshot of the Australian betting landscape, including a summary of bet types and definitions, as well as some key statistics on thoroughbred wagering turnover here in Australia. The Australian betting landscape Betting in Australia has never been more accessible to punters than it is now. This is thanks largely to the rise of online betting, which has completely changed the game for punters.

Having said that, the more traditional punting avenues still attract plenty of patrons. So whether you're wanting to stroll down to your local betting outlet or pub-TAB for a cheeky flutter, try your luck against an on-course bookmaker, or simply place a bet on your phone from the comfort of your couch, it's all very achievable nowadays.

These betting organisations can be found on-course, in betting outlets TAB's , select pubs and gaming venues, as well as online. With a parimutuel betting system the bettor what we prefer to call, "punter" is basically taking on other punters. Once betting has closed on an event, the pool is then divided according to the monies invested on each possible outcome.

The punters' elect or favourite will return the smallest dividend, while the least backed runner outsider will attract the highest dividend. The exact payouts can only be known once betting has closed. Corporate bookmakers The last decade has seen a significant increase in online betting, which in turn has seen a rise in the number of corporate bookmakers operating in the Australian wagering market.

Corporate bookies offer different betting products to the tote services as they are not restricted by parimutuel betting pools; in fact, most will offer a slightly more competitive product based upon the dividends paid out across the three major totes. Additionally they offer Fixed Price betting as well as Top Fluc and other, more niche, bet types. The variety of their products and the competitiveness of the prices make them quite appealing to punters, not to mention the fact that most of them offer apps for mobile and tablet devices, further facilitating punters' easy access to their service.

On-course bookmakers On-course bookies are some of the more colourful characters in the horse racing narrative. They can mostly be found plying their trade in the betting ring, a designated area where bookies set up their boards and commence spruiking. The relationship between punter and bookie is never more personal and face-to-face as it is on-course. Punters can either target whichever bookmaker is offering the best price on their preferred runner, or they can target one particularly bookie in an old-fashioned tit-for-tat stoush.

BODOG BETTING EXPLAINED SUM

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