Betting Terms and Types

Betting holds immense significance in the world of wagering, with horse racing and sports betting standing out as major players in the industry. With a multitude of bet types spanning various markets and codes, the sheer variety can be overwhelming. If you’re new to the scene, feeling daunted is perfectly understandable.

Bet Types: Racing

Racing betting offers a wide range of options, from simple Win and Place bets to more complex Exacta, Quinella, and Trifecta predictions. You can also enjoy combination bets like Each-Way and Duet for added flexibility. For those who love multi-race excitement, options such as Running Double, Daily Double, and Quadrella are available. Top Fluc guarantees the best payout, while Multis allow you to combine bets for bigger wins. With such diverse choices, racing betting ensures thrills for every punter.

Bet Type: Description:
Win: Your horse needs to be the first one to cross the finish line.
Place: Your horse must finish either first, second, or third. In races with five to seven runners, no payouts are made for third place (indicated as "NTD" or No Third Dividend); for races with four or fewer runners, only bets on the winning horse are accepted.
Each-Way: A combination of Win and Place bets entails that your horse must either win or finish in one of the placed positions. An Each-way bet of $5 means a $5.00 wager for both Win and Place, resulting in a total bet cost of $10.
Exacta: Select the horses that will finish first and second, in the specified order.
Quinella: Select the horses that will finish first and second, regardless of their order.
Trifecta: Select the horses that will finish first, second, and third in the specified order*.
First4: Select the horses that will finish first, second, third, and fourth in the specified order*.
Duet: Select two horses that can finish in any order within the first, second, or third positions.
Running Double: Predict the winners of two consecutive races taking place at the same track.
Daily Double: Select the winners of two specified races occurring at the same track.
Treble: Choose the winners of three specified races taking place at the same track. This type of bet is exclusively available through UBET (in NT, QLD, SA & TAS) or certain corporate bookmakers.
Quadrella or Quaddie: Select the winners of four specified races occurring at the same track.
Super 6 (or Big 6): Choose the winners of six specified races, usually taking place at one track, although they may also be spread across two or more tracks.
Top Fluc: This type of bet is commonly referred to as 'Best Fluc', ensuring that the bettor receives a payout at the highest fluctuation for their selected runner.
Multis: A multi-leg bet involves multiple individual bets placed on various events or races, often spanning different sports or races.

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