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Horse Racing betting has been around for centuries, and while it used to be only for the elite, it’s available for everyone across the globe, including Australia. The act of betting on the outcome of horse races can be profitable and fun for Australian gamblers. If you know the certain tricks and know-hows of horse betting, placing a bet and winning can be easily possible. There are multiple horse race tournaments to wager on across the globe, from Australia, Europe, England, and America to name a few.

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How does horse racing betting work online in Australia

  1. Choose a legitimate race
  2. Choose a Trainer/Jockey/Horse
  3. The odds will show on the side
  4. Choose a Casino to bet with
  5. Choose your currency (AU$ in this case)
  6. State your bet
  7. Place bet

An image of jockeys riding horses

Depending on which website you bet on, the results will show immediately and the money whether you won or lost will immediately be added.

Odds with $2 Minimum Payoff for Horse Racing

Odds $2 Payoff Odds $2 Payoff Odds $2 Payoff
1/9 $2.20 8/5 $5.20 7/1 $16.00
1/5 $2.40 9/5 $5.60 8/1 $18.00
2/5 $2.80 2/1 $6.00 9/1 $20.00
1/2 $3.00 5/2 $7.00 10/1 $22.00
3/5 $3.20 3/1 $8.00 11/1 $24.00
4/5 $3.60 7/2 $9.00 12/1 $26.00
1/1 $4.00 4/1 $10.00 13/1 $28.00
6/5 $4.40 9/2 $11.00 14/1 $30.00
7/5 $4.80 5/1 $12.00 15/1 $32.00
3/2 $5.00 6/1 $14.00 16/1 $34.00

Common Wager Types in Australian Horse Racing Betting

  • Win: the horse that you bet on must finish first for you to collect.
  • Place: to collect money, your horse must either finish first or second.
  • Show: the horse that you bet on must come first, second or third to collect.
  • Exacta: you bet on two horses; however these two horses must come in first and second in the exact order, in order to collect.
  • Exacta Box: you play two horses but they must come in first and second in either order to collect.
    • Multiple Combination Wager Costs:
    • Exact Box
      2 horse box- $2
      3 horse box – $6
      4 horse box – $12
      5 horse box – $20
      6 horse box – $30
      7 horse box – $42
      8 horse box – $56
  • Trifecta: you bet on three horses and they must come in first, second and third exact order to collect.
  • Trifecta Key: you play three horses, however one horse has to be chosen to win (key horse), and he must be followed by the other two horses in order to collect.
    • Multiple Combination Wager Costs:
    • Trifecta Key
      1 horse over 3 others – $6
      1 horse over 4 others – $12
      1 horse over 5 others – $20
      1 horse over 6 others – $30
      1 horse over 7 others – $42
  • Trifecta Box: you play three horses which must finish first, second and third in any order to collect.
    • Multiple Combination Wager Costs:
    • Trifecta Box
      3 horse box – $6
      4 horse box – $24
      5 horse box – $60
      6 horse box – $120
      7 horse box – $210
      8 horse box – $33
  • Superfecta: four horses are played and they must come in first, second, third and fourth in the exact order to win.
  • Superfecta Key: four horses are played. One is chosen to win and is followed by the other three horses, second, third and fourth in any order to collect.
    • Multiple Combination Wager Costs:
    • Superfecta Key
      1 horse over 3 others – $6
      1 horse over 4 others – $24
      1 horse over 5 others – $60
      1 horse over 6 others – $120
      1 horse over 7 others – $210
  • Superfecta Box: players play four horses. One horse is chosen to win and the other must follow in any order to win.
    • Multiple Combination Wager Costs:
    • Superfecta Box
      4 horse box – $24
      5 horse box – $120
      6 horse box – $360