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TAB Horse betting guide 2

Horse Racing

MYSTERY BET

This is the easiest way to place a bet. Mystery Bets are available on the next race to run and on the feature race of the day. Mystery Bets are computer generated selections and are available as follows:- - $1 Single Trifecta - $2 Single Quinella - $3 Box Trifecta (50 cent investment) - $3 3-Up (Win, Exacta and Trifecta in the one bet).


OTHER BETTING OPTIONS EXPLAINED

What is Boxing?

"Boxing" the runners in your bet means that you can cover all possible combinations for the finishing order. This bet is available on Quinella, Exacta, Duet, Trifecta and First 4.

What is a Standout?

A Standout means you can pick a single runner to come in 1st place and any of the other runners you select can fill the other places in any order. Available on Exacta, Trifecta and First 4.

What is a Multiple Bet?

A Multiple Bet allows you to pick more than one runner in each leg of the bet. Available on Quinella, Exacta, Duet, Doubles, Trifecta, First 4 and Quaddie.

What is a Roving Banker?

For this bet you would select a runner as your "Roving Banker" and then continue and select other runners to fill the remaining places. The Roving Banker must finish in a place, with any of your other nominated runners filling the remaining places in any order. Available in Exacta, Duet, Trifecta and First 4.

What is Flexi betting?

Flexi Betting allows you to bet on a Trifecta, First 4 or Quaddie at an outlay to suit your pocket - so you can have multiple selections without being restricted by your budget! All you have to do is to decide on your selections and the total amount you wish to spend on your bet. Your bet will cost whatever you choose - and if you win, you will receive a percentage of the full dividend. For example, let's say you decide that you want to box five runners in a Trifecta. This would normally cost $60 for a $1 investment. However, if you decide you only want to spend $15, that's all it will cost. $15 represents 25% of $60, which means if you win, you will receive 25% of the full Trifecta dividend. So, if the winning Trifecta dividend is $200, your winnings will be $50. It's that easy!

Flexi Betting in 4 Easy Steps

Step One Decide how much you want to spend. The number of selections you choose does not impact on your total spend. Once you decide how much you want to spend, that will be the total cost of the bet. Say, for example, $15.

Step Two Select your combinations. If you wanted to box 5 horses in a Trifecta, this would normally cost you $60 for a $1 investment

Step Three After your bet is processed the TAB calculates the percentage bet that you have placed. This percentage is based on what the bet would normally cost if you placed the bet for $1. It’s known as a Bet Percentage. In this example, your percentage would be $15 (the amount you choose to spend) divided by $60 (cost of the bet for $1) = 25%.

Step Four If successful, you will collect the percentage of the dividend that you have waged: Let's say the winning Trifecta dividend is $200.00. Your winnings will be: 25% of $200 = $50.


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