Horse Racing Betting Guide Australia
How Australian racing markets work at BetEasy and the bet types you will see.
Visit BetEasy →BetEasy racing markets include win, place, each-way and exotics such as quinella, trifecta and first-4. Fixed odds lock at bet time; tote dividends settle at the jump, with each-way usually paying the first 3 places. The Melbourne Cup runs over 3,200 metres each November.
Horse racing markets with BetEasy
- Racing markets include win, place, each-way and exotics such as quinella, trifecta and first-4.
- Fixed-odds prices lock in at bet time; tote (parimutuel) dividends are only set at the jump, and each-way usually pays the first 3 places.
- Pre-race markets are available online; wagering after the jump is not permitted under the Interactive Gambling Act 2001.
- The Melbourne Cup, run over 3,200 metres each November with 24 runners, is the marquee staying handicap, with prize money of about 8 million dollars.
Racing bet types
| Bet | What it needs |
|---|---|
| Win | 1st place only |
| Each-way | Win and place (usually top 3) |
| Quinella | 1st and 2nd in any order |
| Trifecta | 1st, 2nd and 3rd in order |
Frequently asked questions
What racing bet types can I use?
Win, place, each-way and exotics such as quinella, trifecta and first-4; each-way usually pays the first 3 places on fields of 8 or more runners.
What is the difference between fixed odds and tote?
Fixed-odds prices lock in at bet time; tote (parimutuel) dividends are only set at the jump, so they can move in the final 30 seconds.
What is the biggest race?
The Melbourne Cup, run over 3,200 metres each November with 24 runners, is the marquee staying handicap, with prize money of about 8 million dollars.