Horse racing betting is the original form of gambling in Australia. Until the rise of online betting, horse racing bets were placed with a bookmaker either at the racetrack or over the phone.
The TAB also offers in person betting using the pari-mutuel service. These days online betting is widely available in Australia and there are many betting operators, bet types and promotions for you to choose from.
Horse racing provides a wide range of betting options. Bookmakers are constantly competing to offer punters new and unusual betting types. New products such as Best of the Best and Top Fluctuation, are now considered a must for the discerning punter.
With almost constant introduction of new bet types, the horse betting landscape is increasingly complex, with a wide choice of bets to consider. Some of these new bet types are not offered by every betting agency, while others are only offered at certain race meets, and bet amounts are normally limited.
Understanding the available bet types and choosing a good bookmaker maximises your chances of winning in the long-term.
Exotic racing bet types originated from the pari-mutuel betting system, whereby, a pool of money is divided by the number of winning units. Traditionally, bets of this nature were only placed with a pari-mutuel provider like the TAB. Nowadays, every betting agency offers this type of betting, although, the resultant dividends are still derived from a pari-mutuel provider, the bookmakers simply mirror the dividend.
Due to the multiple options, calculating the cost of horse racing exotic bets can be difficult. In most cases, predicting the dividend is near impossible. Our bet calculators can help you compute the exact cost of various horse racing bet types.
Many bookmakers offer bonus bets for horse betting. However, most bonus bets are only available for straight horse racing bets—win, place and each way bets. Bonus bets for trifectas and quinellas are usually not permitted, however it varies with each bookmaker. Likewise, not all win betting products can be placed using bonus bets. The bonus bets section of our website will help you learn more about bonus bets for horse betting.
For beginners, our how to bet guide explains the various odds formats, how to place a bet and how to read a form guide. If you’re comfortable with betting on horses, our guide also covers betting strategies that may enhance your betting profitability. Bettors of all standards will find valuable information on the Australian industry and responsible gambling.