Saturday, 16 February 2013

Horse Racing Bet Types - Multi Bets



MULTI BETS

DOUBLES
Daily Doubles and Extra Doubles requires you to correctly pick the winners of two TAB nominated races at a meeting

E.G. You have a $1.00 Daily Double and take number 2 to win the 1st leg (Race 5) and number 6 to win the 2nd leg (Race 7) and they will both need to win for you to win your bet. Double dividends are calculated by the amount of total money in the pool at race end and a dividend is then declared after the race is run.

RUNNING DOUBLE
The Running Double requires you to correctly select the winners of any two consecutive races at the one race meeting e.g. Race 2 winner and Race 3 winner.

TREBLE
Treble is picking the winner of three separate races.

E.G. You have a $1.00 Treble and take number 3 to win the 1st leg, number 6 to win the 2nd leg and number 9 to win the 3rd leg. All three bets will need to win for you to win your bet.

QUADRELLA
A Quadrella requires you to pick four winners from four races nominated by a TAB at the one meeting. A Quadrella differs from an All-Up in that the dividend is determined by dividing the amount of money in the dividend pool amongst successful investors, as opposed to an All Up that transfers your winnings from one race to the next.

The minimum investment for a Quadrella here is 50 cents, however all dividends will be displayed for $1. Flexi and Mystery Quaddie betting are also available.

To calculate the amount you need to spend to couple more than one horse in each leg simply multiply the number of selections in each leg together.

E.G. You want to have a $1.00 quadrella with 2 runners in each leg . This will cost you a total of $16 (i.e 2 x 2 x 2 x2) to get a full 100% return.

ALL UP BETTING
Also known as an Accumulator or Parlay. An All Up allows you to select one or more runners to win or place on different races and all of your selections are required to be successful for the All Up to win.The payout is worked out by multiplying your initial stake amount by the odds for each of your selections.

E.G. You have a $1 all up on on four races at a meeting.. Number 2 (Race 2), Number 4 (Race 4) number 6 (Race 6) and number 8 (Race 8).

Assuming all runners win...
Race 2 - $1.00 on number 2 @ $4.00 now you have $4.00 which goes all up.
Race 4 - $4.00 goes on to number 4 @ $3.00 now you have $12 which goes all up.
Race 6 - $12.00 goes on to number 6 @ $4.00 now you have $48 which goes all up
Race 8 - $48.00 goes on to number 8 @ $2.00 and your total return is $96.00


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