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Bet Types Explained

TopBetta provides both traditional and tournament wagering products. Don’t know a single from a Quaddie? This handy bet types guide will help you get the most out of your betting and tournament play.

MID

Middle Tote from NSW/S-TAB/Tatts. Mid Tote is the aggregated odds derived from the 3 Totes, e.g.: NSW 10.7, UBET 10.9, S-TAB 10.65 then the middle price of the three would be NSW and that would be the price paid.

SUP

The SuperTab Tote price is determined from the Victorian Tote

TOP

Top Tote is derived from NSW/S-TAB/Tatts.

BO4

Best of 4 is the Best of the 3 Totes or official starting price, The starting price is the official starting fixed price of each runner at race time. It is the last fixed price offered before the horses jump.

Fixed Price

The price displayed is the price payed once the bet has been struck and accepted

All Exotics, Trifecta, Quinella, First Four, Exacta, Quaddie = SuperTab

Pari-Mutuel Betting

Pari-mutuel is a form of betting whereby all bets of the same type go into a pool. The winning dividend for a pari-mutuel bet is determined by the total pool size divided by the number of winning bets. The operator will withdraw taxes and a margin from the total pool size before dividing the pool amongst winning bets.

Tote Betting

Pari-mutuel betting is also referred to as Tote Betting or the Tote (totalisator) where punters can view the current dividends at any point in time on screen.

What is Fixed Odds Betting? 

Fixed Odds are the current fixed price for an event at any given time. The price you see is the price you’ll be guaranteed no matter what happens to the price after you have placed your bet. Fixed odds betting is very common for sports betting as most bet types are fixed odds.

What is an Each Way Bet?

An each way bet is a bet type that allows the you to back a runner for a win and a place in the same bet for the same amount. A $10 each way bet means that the bettor is placing a $20 bet, $10 for the win and $10 for the place. If the runner runs 2nd or 3rd the bettor will still receive a dividend. If the runner wins, they will receive both the win dividend and the place dividend.

When to place an Each Way Bet?

Each way betting can be effective for value runners. If you believe the horse will run very well but you are not confident enough in it to win, you may consider backing it each way. Each way betting is also a fun way to bet for social racegoers. Instead of having all of your eggs in the one basket with a win bet, you are more likely to have some place collects, however you don’t rule yourself out of a good win if your runners wins.

What is an Exacta?

An exacta is a bet type where you must select runners to finish 1st and 2nd in correct order. If they run 1st and 2nd but not in correct order the exacta bet will not stand. An exacta is a pari-mutuel bet type. The dividend for an exacta bet is determined by the size of the betting pool and the number of winning unit holders.

Box Exacta

A box exacta is where the bettor can select any number of horses to finish 1st or 2nd and the runners can finish either 1st or 2nd. The catch is that a box exacta costs more than a normal exacta bet. If the bettor selects 3 horses for the exacta, the cost of the exacta bet will be $9 (3 x 3 = 9).

What is a Quinella?

A quinella is a bet type where bettors must select horses to finish 1st and 2nd in any order. A quinella bet is different to an exacta. Unlike an exacta, the order is not important so long as the nominated horses fill the first two places the quinella bet will be deemed successful.

A quinella is a pari-mutuel bet type so the winning dividend varies according to the odds of the horses that fill the first two places.

What is a Trifecta?

A trifecta is a bet type whereby the bettor selects horses to finish 1st, 2nd and 3rd in correct order. It’s possible to select more than one horse to fill a placing but the cost of the trifecta bet goes up. The cost of the trifecta is calculated by multiplying the number of selections for each placing.

Trifecta betting is very popular. The winning dividends for trifectas can be very large for a relatively inexpensive outlay. A trifecta is a pari-mutuel bet type whereby all bets go into the one pool; the pool is then shared amongst the winning bets.

What is a Box Trifecta?

A box trifecta is a type of trifecta bet where the bettor selects a number of runners (3 or more) to fill the 1st, 2nd and 3rd places. The beauty of a box trifecta is that the runners can finish in any order so long as they fill the first 3 places. The catch is that a box trifecta is likely to cost more than a normal trifecta, depending on the number of selections.

Flexi Trifecta

A flexi bet trifecta allows the bettor to only pay a certain percentage of the trifecta cost in return for the same percentage dividend. For example, if the bettor wanted to place a box trifecta for 7 runners, the cost would be $210. However, the bettor could place a flexi bet and only pay for 20% of the trifecta and pay $42.

What is a First Four?

The first four is a bet type where you must select runners to finish, 1st, 2nd, 3rd and 4th in correct order. It is very similar to a trifecta except that you must correctly select the first four place getters and not just the first three.

The first four is very difficult to select meaning that the winning dividends are often very high.

Box First Four

A box first four is where you select a number of runners to fill the first four places. They can fill those places in any order.

Flexi First Four

Where the bettor can select a percentage of the first four rather than pay for a full unit. In return, if successful they will receive the same percentage portion of the winning dividend.

What is a Quaddie?

A quaddie is a betting type whereby the bettor must select the winner of each of the four nominated quaddie races. The bettor can select any number of possible winners in each leg. The cost of the quaddie bet is calculated by multiplying the number of selections in each leg. The quaddie can also be referred to as a quadrella.

All quaddie bets go into a pool, which is divided among winning bets. The payouts for quaddies can range from $40 right up to $100,000 depending on the results of each race. Quaddie dividends are declared for a $1 unit.

 

Updated on July 11, 2016

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