While placing a bet isn’t an essential part of a raceday, it can certainly add to the thrill! If you have never placed a bet before or aren’t 100% of what to do, below are some basics to get you started.
First things first, all bets are placed in $1 multiples (i.e. you cannot ask to place $1.50 on a horse to win)
Bets on raceday are placed at a ‘Tote’ – there are plenty of these located throughout the course and, while they can’t provide you with a tip, their operators will help talk you through placing a bet if you’re unsure.
This is amount a horse is paying to win or get a place (1st, 2nd and 3rd). Dividends are displayed on TV screens all around the racecourse. The first amount you see is what the horse is paying for a win and the second is its price should it place.
The horse whose dividends are flashing is the race favourite which means it is the horse the majority of punters think will win. Interestingly enough, favourites win about 30% of the time.
$X FOR A WIN
What to say: “$X for a win on horse number X”
$X FOR A PLACE
What to say: “$X for a place on horse number X”
What to say: “$X each way on horse number X”
What to say: “A $X quinella on horse numbers X and Y”
What to say: “A $X trifecta with horse number X for first, Y for second and Z for third”
What to say: “A box trifecta on horses X, Y and Z”
What to say: “A percentage bet, I would like to pay $X for a (trifecta) on horse numbers X, Y, Z” (you can pick as many horses as you like)
What to say: “An easy bet trifecta / quinella / win / place”
If you’re having trouble deciding which horses to pick, this is the bet for you. The tote operator will issue you with a ticket after the computer has decided which horse to pick for you.
Want to learn more?
There are plenty of other bet types you can place. Check out www.tab.co.nz, your racebook or ask a friendly tote operator when you are next at Ellerslie!