Punting 101 Posted on August 30, 2022January 16, 2024 | Posted by TABtouch Win The most basic racing bet you can have. A win bet means you are selecting a runner to finish 1st in their nominated race. Place A place bet is selecting a runner to finish 1st, 2nd or 3rd* in a nominated race. Your selection may finish in any of these positions. A race with fewer than eight runners will normally payout on placings for 1st or 2nd. The number of place dividends allocated to a particular race can be found at the top of the individual market – IE ‘Pay 1,2,3’ or “Pay 1,2’ Each Way An each way bet is effectively two separate bets – one on a runner to win, and one on the same runner to place. To have “$5 each way” is to have $5 on the win, and $5 on the place. Dead Heats In the event of a dead heat, Win and Place bets are paid at half the value of what was the projected full payout. So if your payout was set to be $20, a dead heat between two runners would see that halved to $10. Quinellas A Quinella bet requires you to select the runners that will finish 1st and 2nd, in any order, in a selected race. To win, one of your selections must win, and another must come second. To increase your chances, you can take an Allways Quinella by marking more than two selections (or the entire field) in the first selection box only. Exactas An Exacta bet means you are selecting the runners that will finish 1st and 2nd, in order. You can create an Allways Exacta, meaning your selected runners can finish in any order for the bet to be successful. Trifectas A Trifecta bet is selecting the runners that will finish 1st, 2nd, and 3rd in order, in a nominated race. As with Quinellas and Exactas, you can take a multiple Trifecta by marking more than one selection in any of the three finishing positions. Again, you can create an Boxed Trifecta, meaning your runners can finish in any order for the bet to be successful. First 4’s A First 4 bet means you’re selecting the runners that will finish 1st, 2nd, 3rd and 4th, in order, in a nominated race. To increase your chances of winning (but decrease your potential payout), you can take a multiple First 4 by selecting more than one runner in any of the four finishing positions. You can also create a Boxed First 4, meaning your selected runners can finish in any order for the bet to be successful. Quaddies A Quaddie (or Quadrella) requires you to pick the runners that will win four consecutive nominated races (each referred to as a leg) at a selected meeting. Most often when a Quaddie is spoken about, it is referring to the final four races of a meeting. To increase your chances, you can take a multiple Quaddie by marking more than one selection in any of the legs.