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The prices are displayed on the Bookmakers Board. Once you have
decided which horse to back, the trick is to shop around with different
Bookmakers to find the best odds available. A horse showing $3 is
considered more likely to win than one showing $21. A $10 bet at
$3 would provide a return of $30 and $21 would return $210.
To place a bet with a Bookmaker, you will need to give him the
following details:-
- The name of the horse.
- The type of bet (eg: Win, Place or Each Way)
- The amount you wish to invest.
The Bookmaker will give you a Betting Ticket which you present
to the Clerk if your horse wins.
The following types of bets are available:-
| WIN |
This is the same as the Tote and your selection
must finish first. |
| PLACE |
This is the same as the Tote and your selection
must finish 1st, 2nd or 3rd. |
| EACH WAY |
This is the same as the Tote and is a combination
of a win and place bet. The place bet is ¼ of the winning
odds provided there are eight starters. This can vary if there
are fewer than eight starters. |
| 4 PLACED HORSES BETTING |
Bettors select a horse from each of 4 races displayed
on the bookmakers' board on which each runner's win price is
displayed. The odds are added to achieve bet value. |
| FIELD AGAINST FAVOURITE |
Bookmakers may offer odds to win to cover all
of the horses in a field apart from the horse displayed at the
time on the Bookmakers betting board as the shortest priced
runner. |
| FAVOURITE-OUT BETTING |
Bookmakers may bet on a race whilst excluding
from that betting the odds on the favourite. |
| HEAD-TO-HEAD BETTING |
Bookmakers may offer odds on the chance of one
horse being placed above another horse in the finishing order. |
| FEATURE BETTING |
You can bet on certain big race doubles such
as the Caulfield Cup and the Melbourne Cup. |
| SPORTS BETTING |
You can bet on sports events on which a Bookmaker
elects to field. |
Bets are not paid until declaration of correct weight which is
approximately five minutes after the horses pass the finishing
post.
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