Types Of Horse Racing Bets

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.