Horse Racing Terms

Horse Racing

1. Win: To predict the winner of the race.

2. Place: To predict the placement of the horse in the race. In place bet, there should be more than four runners.5-7 runners: 1st and 2nd positions placed. 8+ runners: 1st, 2nd and 3rdpositions placed. Handicap 16+ runners: 1st, 2nd, 3rd, and 4th positions placed. Select a runner that you think will finish 1st, 2nd, 3rd or 4th.

3. Each-Way: Each-way consists of two bets: Win and Place. Half stake is placed on Win and other half stake is placed on Place. If you win, both the Win and Place parts of your bet will pay out. If you position placed, you will lose the Win part but get paid out on the Place part.

Handicap and Non-Handicap Race

In a handicap race the better horses are required to carry extra weight so that all horses have an equal chance of winning. In non-handicap race horses are not required to carry additional weight. 

Non-Handicap Races

2 – 4 Runners Win Only
5 – 7 Runners 1/4 the Odds 1, 2
8 or more Runners 1/5 the Odds 1, 2, 3

Handicap Races

2 – 4 Runners Win Only
5 – 7 Runners 1/4 the Odds 1, 2
8 – 11 Runners 1/5 the Odds 1, 2, 3
12 – 15 Runners 1/4 the Odds 1, 2, 3
16 or more Runners 1/4 the Odds 1, 2, 3, 4

4. Exacta: To predict the 1st and 2nd place in the correct order. Exacta is very difficult to predict but the paying amount is much greater.

5. Accumulators: An accumulator bet is a single bet which is linked on other bets and the result is bet on other bets win. In accumulator, one win stake is placed on second bet and so on. If one of your selection of bet lose, the whole accumulator bet loses. The advantage of accumulator is you carry away a huge chunk of amount. The disadvantage of accumulator is a large amount is placed on final race and if you doesn’t win, you lost all the winnings.

 Double: To predict on two selections, each selection must win to gain a return.

 Treble: To predict on three selections, each selection must win to gain a return.

6. Trifecta: To predict the 1st, 2nd, and 3rd positions in the correct order.

7. Superfecta: To predict the 1st, 2nd, 3rd, and 4th positions in the correct order.

8. Trixie: Four seprate bets: three doubles and a treble. Minimum two bets need to be win.

9. Yankee: Eleven seprate bets: six doubles, four trebles and a fourfold accumulator. Minimum two bets need to be win.

10. Tote Jackpot: To select the winners of the first six racing at the nominated meeting.

11. Tote Placepot: To select a horse to be placed in each of the six placepot races.

12. Tote Quadpot: To select a horse to be placed in each of the last four placepot races.

13. Tote Scoop6: To select the winners or placed horses in the six nominated races at each Saturday and big meetings.