Betting With Bookmakers

BETTING WITH BOOKMAKERS IN AUSTRALIA

Betting with Bookmakers on and off the Racecourse.

Win: When you back a horse to win, you win if your horse finishes first.

Place: When you back a horse for a place, you collect if your horses finishes first, second or third. There is no collect for third place if there are fewer than eight runners (excepting late scratchings). If there is fewer than five runners there is no place betting.

Each-Way: When you back a horse Each-Way, you collect if your horse wins or runs a place. For Each-Way betting bookmakers pay 1/4 of the win odds for a place if there are 8 runners or more and 1/3 of the win odds if there are five, six or seven runners. There is no collect for third if there are fewer than eight runners (excepting late scratchings). If there is fewer than five runners there is no place betting.

Win And Place: When you back a horse Win And Place you collect if your horse wins or runs a place. This type of betting is different to an Each-Way bet as the bookmaker offers you separate odds for the Win And Place portions of your bet.

Multiple Doubles: To win a Multiple Doubles bet, you select two horses, multiply the odds on offer and both horses must win.

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