However, the introduction of Internet gambling led to "rebate shops". These off-shore betting shops promise to return some percentage of every bet made to the bettor. There may be several different types of bets, in which case each type of bet has its own pool. The basic bets involve predicting the order of finish for a single participant, as follows:. In Canada and the United States , the most common types of bet on horse races include:.
Win, place and show wagers class as straight bets , and the remaining wagers as exotic bets. Bettors usually make multiple wagers on exotic bets. A box consists of a multiple wager in which bettors bet all possible combinations of a group of horses in the same race. A key involves making a multiple wager with a single horse in one race bet in one position with all possible combinations of other selected horses in a single race.
A wheel consists of betting all horses in one race of a bet involving two or more races. For example, a 1-all daily double wheel bets the 1-horse in the first race with every horse in the second. People making straight bets commonly employ the strategy of an "each way" bet.
Here the bettor picks a horse and bets it will win, and makes an additional bet that it will show, so that theoretically if the horse runs third it will at least pay back the two bets. The Canadian and American equivalent is the bet across short for across the board : the bettor bets equal sums on the horse to win, place, and show. A parlay , accumulator or roll-up consists of a series of bets in which bettors stake the winnings from one race on the next in order until either the bettor loses or the series completes successfully.
In Australia, certain exotic bet types can be laid as "flexi" bets. If the bet is successful, the bettor will get either the full winning amount shown on the board, or half the winning amount. Under a flexi system the bettor can nominate their desired total wager, and their percentage of payout is determined by this wager's relationship to the full unit price.
If the bet is successful, the payout will be In recent times the "Roving Banker" variant for Trifecta and First4 betting is now offered. For a Roving Banker First4 the player selects one, two or three runners they believe will definitely finish 1st, 2nd, 3rd or 4th, and up to three selections as Roving Banker s with other runners to fill the remaining place s.
A Roving Banker Trifecta is where the player believes that one or two runners will definitely finish 1st, 2nd or 3rd. The bet can be placed by picking the player's favourite runner to finish in any place within the bet and complete the Trifecta with any number of other runners to fill the other placing s. Exotic wagers are usually made on horses running at the same track on the same program. In the United Kingdom , bookmakers also offer exotic wagers on horses at different tracks.
Probably the Yankee occurs most commonly: in this the bettor tries to pick the winner of four races. This bet also includes subsidiary wagers on smaller combinations of the chosen horses; for example, if only two of the four horses win, the bettor still collects for their double. A Trixie requires trying to pick three winners, and a Canadian or Super Yankee trying to pick five; these also include subsidiary bets.
There are also other bets which are large combinations of singles, doubles, trebles and accumulators some of them are called Lucky 15, Lucky 31, Heinz, Super Heinz, Goliath. The term nap identifies the best bet of the day. From Wikipedia, the free encyclopedia. Betting system in which all bets of a particular type are placed together in a pool. See also: Glossary of North American horse racing.
See also: Glossary of Australian and New Zealand punting. See also: Glossary of bets offered by UK bookmakers. Retrieved 11 July Hong Kong Jockey Club. The most popular bet you can have. Simply pick the runner that you think will finish 1st in a race. Placing your bet 1. Mark the race venue allocated to the meeting 3. Mark the race type 4. Mark the race number 5. Mark your selections 7. Mark the Presale box if you wish to bet on tomorrow's race.
Pick a runner in a race and if your runner finishes first, second or third you will collect your place dividend. A third place dividend is only paid in races with eight or more runners. An Each Way bet combines the Win and Place bets. If your runner wins, you will collect both a Win and Place dividend or if your runner finishes second or third you will collect the Place dividend only. To win the Quinella you are required to correctly select the two runners that finish both first and second in a race, in any order.
An Exacta requires you to correctly select the two runners that finish first and second in a race in the exact order. Mark the race venue allocated to the meeting 2. Mark the race type 3. Mark the race number 4. Mark the bet type Exacta 5.
Mark the bet value 6. In the Selections area mark the runners you think will finish first in the 1st Selections area 7. Mark the runners you think will finish second in the With Selections area. The Duet requires you to correctly select two of the three 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: first and second, first and third, and second and third. The Trifecta requires you to select the runners that will finish first, second and third in a race, in the correct finishing order.
The First 4 requires you to select the first, second, third and fourth placegetters in the correct finishing order. Mark the Bet Type. Mark Selections or a Standard - Mark 1 or more selections in each Selection box. For a First 4, mark 4 or more selections in 1st selections box. Mark Standout Selection s in the 1st Selection box. Mark other selections in 2nd Selections box only.
Mark Roving Banker Selection s , for Trifecta mark up to 2 selections, for First 4 mark up to 3 selections in the 1st Selection box. Mark other selections in the 2nd Selections box only. Presales - Complete "Placing a Bet" Steps 1 to 4.
Mark Presale to place the bet for future race day. The Daily Double requires you to correctly pick the winners of two TAB nominated races at the same race meeting. The Running Double requires you to correctly select the winners of any two consecutive races at the same race meeting.
A Quaddie requires you to pick four winners from four races nominated by the TAB at one race meeting. For more information visit the Customer Information Terminal; 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. Mark the Meeting Venue and Race Type.
For Doubles mark the Race Number. Running Double 1st leg only 4. Mark Selections or. Presales - Complete 'Placing a Bet' Steps 1 to 5. Mark Presale to place the bet for a future race day. A 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.
The emphasis in this list is on gambling terms, rather than the breeding or veterinary side of horse racing. From Wikipedia, the free encyclopedia. This article is about the Australian English usage of punting. For other uses, see punt disambiguation and punter disambiguation. Wikipedia glossary. Retrieved 31 January Retrieved 1 August Retrieved 7 December Archived from the original on 30 June Retrieved 27 July Retrieved 8 October Archived from the original on 14 April Retrieved 26 July BBC News.
Retrieved 4 August Feature Race The race with the highest status on the card. The feature race is sometimes named after the day ie. Caulfield Cup day, Melbourne Cup day and is the main race. Look at our feature race calendar. Fixed Odds Bet type where once the punt is on, the dividend is fixed, meaning fluctuations are irrelevant.
However, if horses are withdrawn from the race deductions are made from your final dividend. Flat Race A term used for a race which has no jumps, hurdles or obstacles in the race. Fluctuation Odds move up and down as betting on an event intensifies or dissipates. Many bookmakers offer a betting incentive known as Top Fluc or Top Tote, which means you get the best of all three plus the starting price. Fresh A horse that is returning after having an extended spell away from racing.
Front Runner A horse that prefers to lead and kick on in front of the other horses in the field. Furlong Traditional measure of distance in a race prior to the metric system. Although it is an antiquated system the term Furlong is still used in racing today.
Gelding Male horses that have been castrated to help them focus on racing exclusively. Handicap Weight assigned to a horse in order to level the playing field. Horses who are not as well known or have not performed well in the past will get a much lighter weight while a gun horse will carry a much heavier load.
Head A measurement of distance on a final margin. Heavy Track Typically a heavier track comes about from inclement weather. Very wet and slow racing conditions. IWAC or In With a Chance A term used by bookies to denote an outsider or a horse not the betting frame that they believe has the potential to win the race.
Knocked Up A term used when a horse runs out of gas and stops running at an optimal speed. Late Mail Information just prior to the jump concerning scratches, jockey changes and track conditions, or a final fluctuation in the odds. Late Scratching A term used for a horse that is scratched on the day of the race, typically once the race has already begun. Lay A wager on something not to happen.
A lay bet can be put on a horse not to win, or not to place in a race. Length The margin of victory or defeat in a race. Refers to the entire length of the course. Lengthen When a horse begins to hit full stride and goes past its opposition.
Maiden A horse that has never won a race. Also refers to a race where all the entrants are yet to win a race. Middle Distance A race that is longer than a sprint, but shorter than a staying race, generally considered as all races of at least 1, metres and not over 2, metres.
Mounting Yard The area in which horses are paraded around so punters can have a look at the condition the horses are in. Also where the jockeys climb aboard. Mudlark A horse that performs above expectations on wet and heavy tracks, or in the rain. Mug Punter A term reserved for someone who has no idea what they are doing.
Also someone who fails to take the advice of Horsebetting. Near-Side The left-hand side of the horse that is used by the jockey for mounting and dismounting. The right-hand side is called the Off-side. Nose Smallest margin of victory or defeat. Oaks Many races are called by Oaks combined with some descriptive term indicating the place or time a race is held that is run under stakes conditions for three-year-old fillies.
On The Bob When two horses are neck and neck at the post and a runner lunges at the right time to win. Pacifier A device worn on the head by horses that protects the eyes and also helps high-spirited thoroughbreds to calm down. Paddock Place at the race course where horses are saddled prior to a race.
Parlay A cumulative bet where winnings are carried forward to the next race or some other race. Requires the punter to pick two or more runners to win or place. Photo Finish When a race is so tight that a winner cannot be determined from the real-time footage alone, the result will go to a photo finish, which is a print of the finish line as the horses cross. Place A place bet is an investment on a horse to finish in the top three in a field of eight or more horses.
In a field of 7 or fewer runners, a horse must finish second in order to place. Protest The process in which a jockey, trainer or owner will argue the outcome of a race, claiming interference by another horse. If the protest is upheld, the finishing order is reversed, placing the guilty horse directly behind the horse that was interfered with.
If the protest is dismissed, the original result is declared legitimate. Any time a horse is impeded or a jockey is negligent with his or her riding, a protest is to be expected. Quadrella A bet type in which the winner of four designated races must be selected. Punters can place more than one runner for each particular race but the dividend is diminished.
Quinella A bet type where the first two finishers must be selected in either order of finish. Racing Plates Lightweight horseshoes applied by a farrier on race day that need only last for the race. Restricted Rules for specific races that specify which horses are eligible to compete. Usually by age or gender. Scratching A horse is taken out of a race. Can cause some serious controversy, as well as chaos affecting the odds of a race.
Shorten Odds on a horse coming right in, usually as a result of heavy backing. Spell Resting a horse to prepare it for an upcoming season or campaign. Must be longer than 90 days to be considered a spell. Stallion A male horse used for breeding purposes.
For example if you have two runners in the first leg, three runners in the second leg, four runners in the third leg and five runners in the last leg, the total number will be There's generally no limit which gives smaller punters a chance of collecting a little percentage of a large payout. This is also popular on big days with large jackpots where many combinations can be included and with a small percentage taken. How to place an Quaddie? How much can a Quaddie pay? Top Betting Sites.
Share Tweet Send. Latest News. Betting Masterclass Favourite vs Field: How it works. How does it work? Fancy a First 4? What is a First 4? Some people just like to default on the race favourite as their anchor, whilst those more adept with analytical skills will roll with their own selections.
Let's look at a meeting which has good but not excessive numbers and is evenly graded in each leg and look at the box scenario which most people tend to adopt. This bet is written on one ticket. The standout bet must be written and presented as four separate bets and using the same 6x5x5x6 scenario let's see what happens. We'll assume for illustration purposes that our standout in each leg is the number 1 and the other selections go in Tab order 1 to 6. If our anchor selection of number 1 wins in two legs we get the dividend twice, three times if three anchors salute and four times if all anchor selections win.
One would envisage most anchor selections would be a favoured runner so this strategy also offers a safeguard against percentage losses incurred by dividends less than the initial outlay costs by allowing the chance of multiple returns. In summary we get a suppressed cost outlay for the same box type coverage and the capability to procure the winning dividend up to four times. I would certainly chance my arm with this strategy over time as opposed to the standard box type outlay.
I mentioned earlier that this strategy can have certain quirks contingent on certain types of coverage. Using the same standout premise as the previous example bets would be written as:. Remember in all cases with this scenario you can still win the quadrella four times but there can be significant changes in costing as was just shown and, in some instances, no cost suppression at all. Punters just need to play around with a few combinations and make a decision on the end result.
Personally the 5x5x6x6 is one of my favourites as you get both good coverage and this combination offers one of the better cost saving scenarios. However a major problem has arisen and you guessed it - it's the outlay. Flexi-Betting allows the punter to bet a percentage of the full amount normally needed for all combinations. This allows the smaller punters to take all their combinations, albeit for a smaller outlay and smaller return. When Flexi-Betting was introduced there were concerns the quadrella had reverted to a different version of the easier brackets system and punters would drop the quadrella.
The exact opposite happened! Although multiplying all selections across seems like the perfect way to bet the quadrella, and to some extent it is, there is the problem of taking too many combinations which include too many fancied runners. Naturally, more quadrellas will be struck if there are more favourites taken but if the overall odds in each leg are too high the value component becomes a huge long term problem. To help overcome this problem I have developed an approach that keeps track of the value factor by considering the percentages of individual horses and their cumulative final total.
To illustrate this approach I will construct the odds for a number of runners for a mythical quadrella using the same number of chances I mentioned earlier. They are:. From here there's some mathematics to be dealt with but don't panic as it's not anything only Einstein could handle! To calculate the percentage of each runner simply divide the odds into and for simplicity round up or round down. I would accept this but I would not knock keeping the D selection if the bettor wanted that extra runner.
The hardest part of the quadrella is to determine how wide to go. Some punters would be nervous with only three runners in the first leg. If you are one of them add the D selection. That's the balance between risk versus outlay versus number of returns. So what are the odds for collecting the quadrella?
Again some simple mathematics shows by dividing the percentage figure for the race into we arrive at the dividend for the race. Based on the percentages for combinations as listed above the bettor should score the quadrella 21 times per attempts or 2.
That's keeping the quadrella bettor in the ball park with between ten and eleven collects per calendar year, assuming one quadrella attempt per week. You will note the percentage figures for the four legs are 64, 67, 74 and This would have the combinations at 4 x 6 x 5 x 6 equaling combinations.
Yes, it's increased the combinations but on the other side of the coin it has increased your coverage. By keeping just the ABC selections in the first leg the combinations would be 3 x 6 x 5 x 6 or combinations. There are several ways to go with this approach but whatever you do keep a beady eye on the percentage figures. They are the key to this approach.
Each week we will post a set of 'value' combinations that you find in the race maps by early Friday afternoon. Some well fancied horses will be risked simply because I believe the risks attached to the published price is not worth taking.