Horse Racing Online Bet Types
The popularity of horse racing online in Australia has prompted bookmaking companies to create various bet types. These bet types more or less appear as options for the bookmaking companies and can be considered standards in the field. There are a total of 12 horse racing online bet types and each offer a different payout method which vary per bookmaker.
The first horse racing online bet type is called "Win". In this method, the player selects the runner which would be first in a given set. Somebookmaking companies allow more than one selection for this type. The next horse racing online bet type is called "Place". This type makes the player choose a runner which he or she believes would end up either 1st, 2nd or 3rd place. "Quinella" is the third type of horse racing online bet. This method lets the player select the 1st and 2nd place finisher in any order. There is also the "Exacta" horse racing online bet type which makes the player choose the 1st and 2nd place finisher in the proper order. Experienced players usually bet on "Trifecta" - choosing the top three finishers in the correct order. An easier method is called the "Quartet" which makes the player select the a runner which would place in either position in the top four spots.
Horse racing online bet types allow a "Double" wager. In this bet type, the player must select the winners of two races. This goes the same for "Quaddie" bets but instead of two races, the player must correctly identify the winner of four races. There are also bets which involve the current winnings and combinations of the previously mentioned types. The first one is called "All Up" and it lets the player use the returns from one race on his remaining selections. There is also "Flexi Betting" which allows players to combine the bet types and wager as much amount as he wants. Australia's TABs has a weekly "Favourite Numbers" game which the player can also bet on as well as "Fixed Odds Racing" which is under the TABsportsbet brand.
