Horse Racing Betting Guide Australia
How Australian racing markets work and the bet types you will see at PlayUp.
Visit PlayUp →Australian racing markets include win, place, each-way and exotics such as quinella, trifecta and the quaddie. Fixed-odds prices lock at bet time, while tote dividends are set at the jump.
Australian racing markets
- Racing markets include win, place and each-way, plus exotics like quinella, trifecta and first four.
- The quaddie requires the winner of 4 nominated races, with flexi betting from about A$0.50.
- Fixed-odds prices lock in at bet time; tote (parimutuel) dividends are set at the jump.
- Minimum bet laws let punters stake to win at least A$2,000 on metro Saturday racing.
Racing bet types
| Bet | What it needs |
|---|---|
| Win | 1st place only |
| Each-way | Win and place combined |
| Trifecta | 1st, 2nd and 3rd in order |
| Quaddie | Winner of 4 nominated races |
Frequently asked questions
What is a quaddie?
A quaddie needs the winner of 4 nominated races, with flexi betting letting you take a percentage from about A$0.50.
What is the difference between fixed odds and tote?
Fixed odds lock in the price at bet time, while tote (parimutuel) dividends are set at the jump based on the pool.