Tab Bet Types
It's the biggest race on the Australian sporting calendar but who'll take top spot? Here are your latest best bets to take the top prize....
It's the biggest race on the Australian sporting calendar but who'll take top spot? Here are your latest best bets to take the top prize.
Prop bets (short for proposition bet) and specials are again two different terms used to describe the same type of wager. This particular type of wager is generally considered to be a wager that’s placed more for a bit of fun than anything else, and many experts advise that serious bettors should leave them well alone. Wondering what a quinella bet is? Racenet has you covered with all the benefits and key facts about how quinella betting works. Be sure to check in with Racenet today so you don't miss a thing! A bet calculator for calculating combinations from bet selections for horse racing, harness racing and greyhound racing. Close X To get started, simply select your bet type at and follow the steps.
Picking a winner is never easy.Source:Getty Images
Melbourne Cup day is the biggest day of the year for betting.
Even people who don’t usually gamble will slap down a bet or two on the race that stops the nation.
However, we know for things can get confusing when it comes to actually placing a bet.
But fear not because we have prepared an explainer of some of the most common bets so you don’t look out of place when you head to the TAB.
WIN OR PLACE
This is one of the most straightforward bets you can choose, so if you want to keep things simple go for one of these.
In this type of bet you pick a horse and are betting it will win or place in the race.
With a Win bet you simply pick the runner you think will finish first in a particular race. If your hose finishes first then you win.
So if the odds for the horse are $15 and you put on $10 for the win, you’ll get $150 back if it finishes first.
With a Place bet you choose a runner and if they finish first, second or third then you get to collect your win. You get a dividend for third place in a race with eight or more runners.
The payout is slightly less than a Win bet but you have more chance of winning.
EACH WAY
An Each Way bet is a combination of both a Win and Place bet
So if your horse comes first you collect a dividend for both the Win and Place bet.
If your runner comes second or third you only collect money for the Place bet.
QUADDIE
In this type of bet you must chose winners for four different races nominated by the TAB.
You can select any number of possible winners for each race. The number of horses you pick will determine how much you pay.
Quaddie dividends are for a $1 unit.
For example, if you wanted to pick three horses in the first leg, seven for the second, one for the third and four for the last leg then that comes to 84 possible combinations.
To receive 100 per cent of the dividend then it will cost $84 for the one unit.
TRIFECTA
In this type of bet you will choose the horses that will come first, second and third.
The horses you choose must finish in the correct order for you to collect your payout.
If you want a higher chance of winning there is an option to box your Trifecta, which means you will win if your three horses come first, second and third in any order.
However, depending on how many horses you box, this option costs more than the standard $1 unit.
FIRST4
This bet is the same premise as the Trifecta but instead of picking the first three horses, you must pick the first four.
Again, in order to collect your payout your chosen horses must place first, second, third and fourth in the correct order for a $1 unit, or you can box the horses like in the Trifecta above.
QUINELLA
For this bet you choose two horses to place first and second in a particular race.
Unlike a Trifecta or First4 your horses can place in any order so long as they are the first two to cross the finish line.
EXACTA
Similar to the quinella, but you must choose the first two across the line in the correct order.
Picking which horse you like is hard enough, let alone actually betting on them.Source:Getty Images
Punters enjoy many bet types. . They have a vast range, right from the most basic option of a win single to the more complicated combinations of things like full cover and conditional bet types.
Use this betting guide to help you sort through it all with clear, easy to understand explanations of all the different bet types that you may come across.
Types of Bets
The most simple types of bets are a Win, Place or Each-Way option;
Win
A single win bet selects one outcome to happen from an event, like the winner of a football match or an F1 Grand Prix. This requires just one stake on a winning option.
Place
A place bet backs a selection to finish (place) within a range of finishing positions set by a bookmaker. It could be the top five places of the US Masters golf or the top three in a horse race.
Each-Way
An each-way bet has two options covered within it. You need two unit stakes, one to cover the outright win option and the other to cover a place option.
Single Bet
One single bet of any type. They use just one unit stake.
Multiple Bet
When you combine more than one selection together under one single unit stake that is a multiple bet . The appeal of this bet type is that it offers higher returns because more risk is at as the bet grows. You get returns from the first leg of a multiple and use them as the stake for the second leg and so on.
The cumulative odds can stack up to create higher payouts.
Double
If you link two single selections together that is a double bet. If the first selection wins, the returns go as the stake for the second selection. Both options have to win.
Treble
Three single selections in one bet under one stake. The treble bet type is a multiple. Any returns from the previous leg of the bet are used as the stake for the next. Therefore all three selections need to win.
Accumulator
This is a bet with four or more selections (legs) in it. Accumulators can pay out big returns but they are high-risk. All legs need to win for it to be successful. The returns from the previous leg are the stake for the next, as with all multiple bet types.
Full Cover Bet
A full cover bet is where more than one selection is together to build whatever combination of multiples can be made from the number of selections. This includes any doubles, trebles and accumulators.
However many multiple bets made from the selections, they will each require an individual unit stake. Full cover bets do not include the selections as win singles.
Trixie
A Trixie bet is a form of a full cover bet type from three selections, it creates multiples and no singles.
Yankee
In a Yankee bet, four selections combine for all possible creations of multiples from the picks.
Canadian / Super Yankee
A Canadian bet or a Super Yankee. There are 5 selections used to create any multiple bets available.
Heinz
A Heinz bet is a full cover bet of six selections, creating all the possible combinations of doubles, trebles and accumulators.
Super Heinz
A step up from the Heinz is the Super Heinz has seven combined selections.
Goliath
A Goliath bet brings eight selections together to create all multiple options.
Full Cover Bet With Singles
As the name suggests, a Full Cover bet with singles simply adds the individual selections on to a full cover bet type. This allows every option, all singles, doubles, trebles and accumulators to be put together in a bet.
Each bet created with a full cover bet with singles type needs an individual unit stake played.
Patent
A Patent is a variant of a Trixie bet, which like it, uses only three selections but the Patent version includes the singles.
Lucky 15
A Lucky 15 is a popular type of bet for horse racing. Four selections combine for all singles and multiples possible.
Lucky 31
The Lucky 31 is a version of the Canadian (Super Yankee) with the singles also included in the bet along with the multiples. It has five selections.
Lucky 63
There are six selections, as in a Heinz create all multiple combinations, but the Lucky 63 includes the singles too.
Alphabet
Alphabet has six selections combine to make 26 bets. The six selections create two Patents, a Yankee and a 6-fold accumulator. A Patent has seven bets (x2), a Yankee has 11 bets and the one bet of the 6-fold acca tallies up to the number 26.
Conditional (Any To Come) Bet
Conditional bets rely on something happening before another action happens. For example, you make two selections and if there are returns from the first selection, then the returned stake will be used on the second selection.
If the first selection loses then the second selection will not play. This is an ATC (Any To Come) bets. A “if cash” bet is what we call this.
Up and Down
An Up and Down bet are from just two singles. Create two bets and each has two parts.
Part A: If the first selection wins, then the returned stake goes on the second selection in the bet. Part B: If the second selection wins, then the returned stake goes on the first selection. There are two reverse bets of each other.
Round Robin
The selections used to create ten bets. The basic premise of a round-robin is that it is a Trixie plus x3 up and down bets that they add on to it.
Flag
A flag bet is an enhanced Yankee where up and down bets (six of them) added onto the multiples created.
Super Flag
A Super Flag bet is from five selections (as there is in a Canadian), with the addition of up and down bets on top. This creates 46 separate bets.
Rounder
There are three selections create a Rounder. If there is cash coming back from a winning single, the original stake goes into a double bet. All singles and variations of doubles are played in the bet sequence.
Roundabout
The Roundabout is a step up from the Rounder in which if a single bet wins, the stake from it is doubled to be placed on a double bet.
Specialty Bet
A unique betting slip or system is aspecialty bet type.
Union Jack
This type has nine selections laid out in a 3×3 grid done on a special betting slip. Each vertical line and each horizontal line creates a treble, for a total of eight treble wagers. Seven winners will guarantee a return in a Union Jack bet.
System Bets
In a System Bet is a number of selections between 3 and 8. From the inital selections they get multiple bet types (the punter decideds the type).
In the example of a 2/5 system bet, it creates five selections and produces all combinations of doubles. In a 3/5 system bet, again uses five selections, but to create all possible trebles.
Forecast Bet
Tab Bet Types Crossword Clue
This is a popular bet type for horse racing and greyhounds. In a forecast bet you make selections on the same betting slip from a single race, predicting the exact finishing order of the top two.
You can make variations of this such as naming the selections to finish in either order in the top two, or naming several selections out of which the top two will come.
Straight Forecast
A straight forecast is a single bet when you make two selections for a single event, say a horse race. This bet type requires the prediction of the exact finishing order of the top two.
Reversed Forecast
A reverse forecast bet, a straight forecast with the reverse finish also included. Two selections can be made and the options it creates are for the finish of either 1-2 or 2-1 in a race. This requires two-unit stakes because of the extra option.
Combination Forecast
The combination forecast bet type is predicting the exact finishing order of the top two in an event. However, you can select multiple options instead of just two and any combination of your selections finishing in the top two wins. The more selections, the higher the unit stake is multiplied.
Tricast
The Tricast is a bet which calls for a prediction on the correct finishing order of the top three in an event. A single stake goes on the call of an exact 1-2-3. This is only one bet. It requires only the one unit stake.
Combination Tricast
The top three finishers in the exact order are the target in a Combination Tricast. However, you can make more than three selections on the bet slip. The more selections added to the bet, the more the unit stake will be multiplied by.
Tote Bet
The premise of any Tote wager is pool betting. For a given event, punters wager their stakes into a pot. Therefore, after the bookmaker takes their cut from that pot, then it is the value of that pot which then sets the dividends.The Tote payouts based on dividends and not fixed odds, this is the big difference between Tote and regular betting. So, the amount of stake received on a horse divides by the overall value of the Tote pot for the given race. That number will set the dividend-price if that horse wins, and then you multiply your units of stake by the dividend.
There is a wide variety of Tote bets and most of them have similarities with regular fixed odds betting, but just operate off the pool betting system instead.
Tote Win
You make a selection when you pick the winner of a horse race.
Tote Place
The selection made in a horse race for a Tote Place has to finish in a designated Place in the race, usually the top two or top three.
Tab Nz Bet Types
Each Way Tote
This combines the Win & Place Tote best together. The Win and the Place have separate dividends, paid out depending on where your selection finishes.
Tote Exacta
This is the same as a Forecast in regular betting, you predict the top two finishers in a race in the exact order.
Trifecta
The Trifecta is the same as a Tricast in regular betting. They must forcast the top three finishers in the exact order.
Quadpot
This type of Tote Bet calls for the four winners of four consecutive races on predetermined races.
Placepot
This is a prediction of six winners from six races, and therefore more than one selection can be made for each race.
Jackpot/Scoop6
Jackpot and Scoop6 are prize pools, where punters will be playing for a share of a prize pot. You must predict the six winners of the designated races.
Tote Swinger
Tab Racing Bet Types
A unique bet is a Tote Swinger. You make two nominations in a race and you have to have them place in any order in the top three.
Tote Superfecta
Tab Melbourne Cup Bet Types
One of the most difficult Totes to win as it asks for the correct prediction of the top four finishers in a race.