Horse Racing Bet Types - Win & Place

Horse Racing Bet Types are many and varied. Below details the most common horse racing bet types below.

WIN AND PLACE

WIN
Win only or "Straight Out" is a bet placed on a runner to win only.

E.G. $10.00 a win at $5.00 returns $50.00 if your runner wins.

PLACE
Place only is a bet placed on a runner to run 1st, 2nd or 3rd subject to field size.

Eight or more runners will pay 1st, 2nd and 3rd.
Five to Seven runners will only pay 1st and 2nd.
Less than Five runners will only pay First.

E.G. $10.00 on a place bet at $2.45 returns you $24.50 if your horse places

EACH WAY
An each way bet is actually two bets: (1) a Win bet (like above) and (2) a Place bet (like above). For example, a bet of $10 Each Way is a Win bet of $10 and a Place bet of $10. That is, $10 Each Way is a $20 bet in all.

E.G. If you have $10 each way on a horse paying $10.00 for a win and $2.50 for a place you will outlay $20.00.

If runner wins you return $125.00 ($100.00 for win and $25.00 for place).
If runner runs a place you return $25.00 (Zero for Win and $25.00 for Place)

FIXED ODDS
Fixed Odds is a set price at which the Win portion of a bet will be paid at the fixed price as determined by the bookmaker.

E.G. $100.00 a Win at the Fixed Odds of $4.20 will return you $420.00 and if the horse drifts out to $4.50 during betting then you missed the best price, however if it firms into $3.90 then you got the better price at the time.

OTHER WIN & PLACE TERMS DEFINED:

STARTING PRICE (SP)
The Starting Price is an average of the on-course bookmaker's prices taken at the start of each race. These prices are not known by punters at the time of betting.

E.G. If you have $100.00 on a runner to win at SP and the final Starting Price is $3.30 then you return $330.00. If during betting the horse drifted out to $4.25 before firming again then you only get the SP price and miss the best price offered.

BEST FLUC
Best Fluctuation or Top Fluc, is available up to 30 minutes prior to jump. Bets placed prior are guaranteed to be paid at the top official on-course bookie fluctuation as determined by the Bookmakers Pricing Service (BPS). the Win portion will be paid at the best official Bookmakers' price. For Win/Place wagers, the place portion will be paid at a price equivalent to the Tote Place dividend declared in the state in which the race is run.

E.G. You have $100 a win on a runner at Best Fluc and during betting the fluctuations are as follows $4.20 | $4.50 | $4.40 | $4.70 then the Best Fluc is $4.70 which returns you $470.00.