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So if you are looking for a superior gaming experience with lots of options and fast payouts then 7Cric is the perfect choice. Many of you are new to our site, some of you are seasoned pros already, but perhaps others are new to the idea of online sports betting and different types of horse racing betting.
With the month of October this means that Melbourne’s spring racing carnival will begin, and many Australian horse racing events are coming very soon. So we’ve put together a basic introductory guide for those who might be new to the idea of how to bet on horses. For those who are already familiar with the basic types of bets, before heading to the Flemington track, you can share this information chart with your friends online.
The main payment types “Win”, “Place” and “Each way” are quite simple, but they are the most popular. Of course, there are many other types of bets available, known as “exotic” bets such as “Trifecta” (pick 1st, 2nd and 3rd places in order). Because of the complex odds and these, if you’re lucky, winning such a bet could turn $1 into $10,000!
Is Horse Racing Betting Profitable In 2023?
A winning bet is the most common type of betting product. It simply means that you are betting on a horse to come first in the race. If the horse comes in 2nd place or worse, you will lose the money you put into the race.
If your horse wins, you will receive the winning dividend, for example. $10 bet x $5.00 odds = $50.00 won.
While winning bets may seem simple, there are different types of horse racing bets. It’s important to understand them, as they pay different dividends; some pay a better dividend than others.
A fixed odds bet means that the odds (or price) you see at the time you place your bet is the price you will receive if your horse wins. It is the most basic type of bet to win. All Australian online bookmakers offer fixed price betting.
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Top Tote Plus is a great product to use 30 minutes before race time when Best of the Best and Top Fluctuation are no longer available. Top Tote Plus guarantees you the best of three prices or the official starting price (SP). It is usually only available on Saturday metropolitan races, although most bookmakers now offer it, albeit under their own name.
Many bookmakers offer you a type of win called ‘best tote’. This means that if your horse wins you will receive the best dividend declared by the 3 official Australian bookmakers. Most bookmakers offer this product and it can be especially useful if you are betting on a horse with long odds.
This is a popular type of bet for horse racing fans who place bets on a regular basis. You will receive large fluctuations in the odds of the horse you choose in the ring at the official bookmaker 30 minutes before the start of the race. This is a much better option than just taking the fixed price when placing your bet, as the horse’s odds can fluctuate considerably during the 30 minutes before the race. Sportsbet is a popular bookmaker offering Top Fluc betting on winning bets.
Taking it a step further, some bookmakers offer a product called ‘Best of the Best’. You are guaranteed to pay the highest dividend on high float, or the best declared dividend for the total of 3. PlayUp is an operator that offers the best of the best. The trick is that you need to place your winning bet at least 30 minutes before the start of the race. We recommend that you use this bet type for your winning bets where available.
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A place bet is a bet where you select a horse to fill any of the top 3 places in the race. The placing odds are lower than the winning odds because there is a greater chance of your horse occupying a top 3 position than just winning the race. If your horse wins the race, you still only receive the place dividend. The good news is that all bookmakers presented to us offer betting sites.
There are fewer options available with slot betting. You can choose a place to bet on fixed odds or dividends declared by one of the totes.
One of the important things to understand about betting sites is that the number of officially declared classifieds can vary depending on how many horses run in the race. If there are only 7 runners or less in the race, place dividends will be declared for the first two horses only. If there are only four runners, only the bettor predicting the first place will receive the place dividend.
An each way bet is a popular type of bet in Australia where you can have ‘a bit each way’. This means that you are effectively placing two bets in one; a bet on your horse to win the race and a bet on your horse to run a place. For example, if you place a bet of $20 each way, you are putting $10 on the horse to win and $10 on the horse to play for position. If your selection wins, you will receive the winnings and the defined dividend.
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An Exacta requires you to choose two runners to finish 1st and 2nd in the correct order. It is best used when you are very confident about the winner and also the runner up.
A Quinella requires you to pick two runners to finish 1st or 2nd in any order. Bet types are best used when you are confident that both runners are superior in the field. A Quinella box requires you to pick two or more runners to finish 1st and 2nd in any order
A duet requires you to choose two of the top three places. Only a few carriers offer duos and the dividends are lower because they are easier to choose from.
A Trifecta requires you to choose 3 runners to place 1st, 2nd and 3rd in the correct order. The dividend can
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