Fixed Odd Bets
Fixed odds betting is where the odds displayed at the time of placing the bet are the odds you will receive. Fixed odds betting is only available on Win and Place bets.
Parimutuel betting
With parimutuel betting, you are betting in a pool with other punters and the odds are determined by the total number of amount of money placed on each horse for the same bet type. For example, If there are 100 people who bet on a horse in a parimutuel pool and the horse wins, each person will receive $100. Now if there are only 20 people who bet on the same horse and it wins, then each person receives $200 instead of $100.
What is a Place bet?
Place betting in racing involves backing all of the horses to finish in first, second or third spot, with the most common bets being place
What is a Quinella Bet?
A quinella bet is a bet on the first two horses to finish a race, and if you are lucky enough, you might come out
What is a Trifecta bet?
Trifecta betting is a type of wager made on a horse race, in which the bettor picks the first three horses and receives a payout
What is an Each Way Bet?
An Each Way bet, also referred to as an EW bet or simply an EW, combines both a Win and Place bet in one single
What is an Exacta Bet?
Betting Exacta’s is one of the most popular and profitable bets in horse racing – if you know what you’re doing. Exactas are typically thought