Win, Place, Each-way, Exacta, Quinella, Trifecta, First 4, Running Double, Daily Double, Treble, Quadrella and Any 2
Like most countries with a love for horse racing, Australia enhances the sport with bets to make the “Game of Kings” a little more interesting. The bets for horse races are fairly simple once explained (which we’ll do in a moment), so whether you’re an Aussie betting in your home country or a visitor wondering if a Trifecta in America is the same as in Australia, read on.
- First up we have the “Win” and place bets. To win a Win, the horse must finish in first place. The “Place” bet is a wager that your horse will come in first or second. In general terms, the show bet is usually not present. Betting “Each-Way” is a combination Win and Place bet on a single ticket. Here’s how “Each-Way” betting works in Australia. If your horse wins (comes in first place), you get Win and Place dividends. These are payouts based on how the horse wins. If the horse comes in second, then you’ll just get the Place dividend. Each-way tickets are a simple way to cover multiple options for a horse.
- Bet the “Quinella” and you’re wagering that two horses will come in first and second place. Either horse chosen can be first or second without affecting your wager. An “Exacta” is the more “exact” version of a Quinella. You’re still betting on two horses to finish first and second but you need to specify which horse will place where. If they come in reverse order, then the Exacta bet is lost.
- The “Trifecta” is similar to the Exacta but involves picking the correct finishing order of three horses instead of two. If we took this bet further by adding a fourth horse we’d have a “First 4” bet. Non-Aussies may refer to this bet as a “Superfecta”.
- Pick the correct winners in the first two races and you’ll win the “Daily Double”. A winning “Running Double” bet picks the winner in two consecutive (nominated) races. The term “Running Double” has a different meaning outside of Australia where it can refer to Daily Doubles not held at the beginning and end of the racing day. A “Treble” is similar to the Daily Double but you’re picking three winners instead of two. The “Quadrella” or “Quaddie” adds another horse so you must pick four horses to win.
- The “Any 2” or “Duet” bets are picks on two horses finishing in first, second, or third order. The horses chosen can finish in any order.
So there are the basics behind Australian horse betting. Now you can bet like a native Australian. Cheers, mate!
