Types of Bets
Having a bet at the races can be a scary proposition if you haven't done it before! There are lots of different kinds of bets you can place, but we thought we would keep it nice and simple and just give you some of the basics...
Win
A win bet means you will receive the win dividend if your chosen horse should bolt in. Otherwise referred to as 'on the nose'.
Place
Means you will receive the place dividend if your horse comes first, second or third.
Each way
Otherwise known as 'hedging your bet'. It is a combination of a win and place bet. If your horse wins, you walk away with both the win and place dividend, and if your horse comes second or third, you will collect the place dividend. A $1 each way bet will cost you $2.
Quinella
Simply pick two horses to come first or second in any order and you will receive the quinella dividend. This will cost $1 (but you can pay more, thus doubling or even tripling the amount of the dividend you would receive should you win the quinella).
Box Quinella
Pick more than two horses to increase your chances of winning. You will only need two of your horses to get 1st and 2nd in order to win the quinalla. This will cost upwards of $3 (for three horses, $6 for four, $10 for five...)
Trifecta
Pick three horses in the exact order they will romp home in and you will receive this dividend. (FYI trifectas can pay into the thousands).
Box Trifecta
Just pick three horses and if they win in any order you're a winner! You can pay a bit more and pick more horses to increase your chances of winning ($6 for three horses, $24 for four, $60 for five...)
Easy Bet
Can't decide? Just think of this as the dating agency of the racecourse - simply pay your money and let the computer choose! Easy Bets are available for win, quinella and trifecta bets. The most popular Easy Bet amounts are $4 and $8.
Gimme 5
A great social bet! For $10, pick five horses and if any of them finish 1st, 2nd and 3rd you will win a percentage of the trifecta!
Want more?
There is a whole range of other bet types you can place. Check out www.TAB.co.nz, your racebook or ask a friendly tote operator when you are at the races!