Nsw racing betting

Multi bet multiple, accumulator, parlay, all-up — a bet that includes simultaneous selections on two or more outcomes for two or more events. If a least one of the outcomes does not occur then the bet automatically loses. The multi bet odds equal the product of the individual selection odds.

Multi betting is discussed in detail later in the guide. The odds are fixed once the wager has been placed. Tote betting parimutuel betting — a form of wagering in which all bets of a particular type are placed together in a pool. In Australia it is known as the Tote after the totalisator which calculates and displays bets already placed.

With the Tote the bookmaker displays the approximate odds that they believe you will receive. This approximation is based on the quantities of bets received to that point. Starting Price SP — the odds at the on-course fixed-odds betting market at the time that a race begins.

Top Tote Best Tote — a market that pays out using the highest odds from a range of Totes e. Mid Tote Midi Div — a market that pays out using the middle odds from a range of Totes e. Race types Flat racing — straightforward racing around a track Steeplechasing — races that involve jumping over fence and ditch obstacles Harness racing — races where horses trot or pace while pulling a driver in a cart known as a sulky Equine terms Note that in Australian Thoroughbred racing, colts and fillies are defined as less than four years old, while in the British Isles, Thoroughbred horse racing defines colts and fillies as less than five years old.

Colt — a male horse under the age of four Filly — a female horse under the age of four Foal — a horse of either sex less than one year old Gelding — a castrated male horse of any age Mare — a female horse that is four years old or more Pedigreed — a horse that has a known, recorded ancestry. This ancestry is often is tracked by a major registry. Purebred purebreed — a horse that has been cultivated through the use of selected breeding Stallion — a non-castrated male horse four years old and older Thoroughbred — a breed of horse best known for its use in horse racing.

Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed. Yearling — a horse of either sex that is between one and two years old Race wager types Win — a bet the the runner will place first Place — a bet that the runner will place first, second or third.

This bet is only offered if there are five or more runners. Each-way — a combination of Win and Place. Exacta — a bet on which runner will finish first, and which will finish second, in the correct order. Quinella — a bet on which two runners will finish first and second, in either order. Trifecta — a bet on who will finish first, second and third, in the correct order.

First4 — a bet on who will finish first, second, third, and fourth in the correct order. Duet — a bet on two horses to finish first, second or third, in any order. Customers then place a bet on that runner at the odds offered at that time, and the stake of the bet is multiplied by the odds on offer.

If successful, the punter receives the resultant amount plus his original stake. Totalisator Betting: A totalisator is a system used to enable persons to invest money on events or contingencies with a view to successfully predicting specified outcomes of those events or contingencies and to enable the money left after the deduction of commission to be divided and distributed as dividends among those persons who successfully predict those outcomes.

Make a decision before you start the day on how much money you are willing to spend on wagering. How to pick your horse There are no fool proof methods of picking a winner, which is half of the fun of making a wager. You will need a combination of knowledge, observation and some old fashioned good luck! Here are some ways to help you decide how to pick a potential winner: Favourite:The easiest place to start is the favourite of the race.

The favourite is judged as most likely to win the race, and on which the most money has already been bet. The odds on the favourite will be shorter, meaning you will receive less money if it wins. Form: Your race book or form guide will tell you all the details of the horses and jockeys with a brief commentary on the horses form.

You can also find the form prior to a race meeting on the Racing NSW website and other dedicated form websites. Jockey: There are plenty of talented jockeys in NSW who ride at the various race tracks. Some punters like to pick a jockey and stick with them for the day. Trainer: Like jockeys, there are many talented trainers who are more often than not competing for a training premiership.

The Odds:The favourite with shorter odds if successful will give you a modest return, while the higher the odds and a lower assessed chance of winning can give you a much greater return. People like to cheer for the underdog and sometimes it does pay off. Some horses prefer dry tracks, while others wet. Some may chose an interesting name, while others may pick a sentimental number for example Race 7 number 7. The following list spells out the betting procedure step by step:With the Totaliser TAB State the name of the racetrack.

State the dollar unit of your bet. State the type of wager. You can bet on a single horse to win or place, or on a combination of horses. Check your ticket before you leave the window With a Bookmaker State the number of the horse or horses you're betting with. Check your ticket before you leave the stand Watching the Race Betting is suspended when the horses jump from the barrier, so be sure to place you bet prior to this time, which will be printed in the racebook and displayed on course.

Find a good place to watch the race and look out for the jockeys colours and saddlecloth number. You can listen to the commentator call the race out loud, and watch on the big screen if necessary. What happens if I win? Simply pick the runner that you think will finish 1st in a race. Place: Pick a runner in a race and if your runner finishes 1st, 2nd or 3rd you will collect your place dividend.

Under normal circumstances a 3rd place dividend is only paid in races with eight or more runners. If your runner wins, you will collect both a Win and Place dividend or if your runner finishes 2nd or 3rd you will collect the Place dividend only. Quinella: To win the Quinella you are required to correctly select the two runners that finish 1st and 2nd in a race, in any order.

Exacta: An Exacta requires you to correctly select the two runners that finish 1st and 2nd in a race in the correct order. Duet: The Duet requires you to correctly select 2 of the 3 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: 1st and 2nd, 1st and 3rd, and 2nd and 3rd.

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Find a good place to watch the race and look out for the jockeys colours and saddlecloth number. You can listen to the commentator call the race out loud, and watch on the big screen if necessary. What happens if I win? Simply pick the runner that you think will finish 1st in a race. Place: Pick a runner in a race and if your runner finishes 1st, 2nd or 3rd you will collect your place dividend.

Under normal circumstances a 3rd place dividend is only paid in races with eight or more runners. If your runner wins, you will collect both a Win and Place dividend or if your runner finishes 2nd or 3rd you will collect the Place dividend only. Quinella: To win the Quinella you are required to correctly select the two runners that finish 1st and 2nd in a race, in any order. Exacta: An Exacta requires you to correctly select the two runners that finish 1st and 2nd in a race in the correct order.

Duet: The Duet requires you to correctly select 2 of the 3 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: 1st and 2nd, 1st and 3rd, and 2nd and 3rd. Trifecta: The Trifecta requires you to select the runners that will finish 1st, 2nd and 3rd in a race, in the correct finishing order. Flexi betting is also available. First 4: The First 4 requires you to select the 1st, 2nd, 3rd and 4th placegetters in the correct finishing order.

Available in Flexi betting. Double: The Double requires you to correctly select the winners of any two nominated races at the one race meeting e. Race 2 winner and Race 3 winner Quadrella: A Quaddie requires you to pick four winners from four races nominated by TAB at the one meeting.

Quaddie legs are marked as QAD. 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. All Up: A more complex 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. Betting Exchanges: offer a form of betting where the operator accepts bets from punters on the predicted outcome of a certain contingency e. In effect the bet is between two individual punters and the operator does not become party to the bet.

The operator then extracts a commission from the winnings of the successful punter. Betting Options What is boxing? What is a multiple bet? A multiple bet is where you pick more than one runner in each leg of the bet. What is Flexi betting? Flexi betting allows you to nominate the total amount you would like to spend on your bet, so you can include as many selections as you like at an outlay that suits your budget. If your bet is successful, you will collect a percentage of the full dividend.

Bets that Contain a Scratching: There are different ways a scratched runner will affect a bet. Any bets containing a scratched runner can be cancelled up to the start of the first leg. Check Your Ticket: Make sure you check your betting tickets immediately after they have been handled to you by the operator to ensure your bet is correct. Cancelling Bets: Bets which do not accurately reflect the bet you wished to place can be cancelled up to two minutes after it has bee placed.

With the appropriate approvals, betting service providers can also offer these services in a betting office located on the racecourse or in a premises located away from the racecourse. What is a declared betting event The Minister for Racing has the ability to declare events that licensed betting service providers and TAB Limited are able to accept bets on. This can be any type of event or class of event, including sporting events but does not include a race or any event related to racing.

The Minister for Racing can also prescribe the type of bets allowed on these events. Licensed betting service providers and TAB Limited must adhere to rules approved by the Minister for Racing when accepting bets on declared betting events. These rules include general conditions that must be met when offering betting markets as well as event specific conditions and definitions. Read: Declared betting events PDF, Additional application requirements for sporting events If an application involves a sporting event, there are additional requirements to consult with the event organisers or an appropriate representative.

These requirements depend on whether the event is overseen by a prescribed sports controlling body. A list of sports controlling bodies is provided at the bottom of this page. Under the Betting and Racing Act , the Minister must not make the order prescribing the event or bet type if the sports controlling body opposes the making of the order.