Australian betting sites and bookmakers offer many options for placing a wager on horse racing.
From the simple win bet through to that elusive quaddie – there’s a horse racing betting type to suit all types of risk vs reward appetites.
| Type of Bet | Description |
|---|---|
| Win Bet | A bet placed on a horse to finish first. |
| Place Bet | A bet placed on a horse to finish in the top three (or top two in smaller races). |
| Each Way Bets | Two separate bets – one for the horse to win and one for the horse to place. |
| Quinella Bets | A bet placed on two horses to finish first and second in any order. |
| Exacta Bet | A bet placed on two horses to finish first and second in the exact order. |
| Trifecta Bet | A bet placed on three horses to finish first, second, and third in the exact order. |
| First Four | A bet placed on four horses to finish first, second, third, and fourth in the exact order. |
| Quaddie Or Quadrella | A bet placed on the winners of four nominated races, which are typically the last four races of a meeting. |
| Daily Double | A bet where you pick the winners of two nominated races at the same meeting. |
| Running Double | A bet where you pick the winners of two consecutive races at the same meeting. |
| Treble | A bet where you pick the winners of three nominated races at the same meeting. |
| Super 6 | A bet where you pick the winners of six nominated races, which are typically the last six races of a meeting. |
| Multi Bets | A bet that allows you to place multiple bets on different sporting events all within one bet. |
