Horse Racing Betting Guide Australia
How Mintbet racing markets work: bet types, tote versus fixed odds and the pre-race rules.
Visit Mintbet →Mintbet racing markets include win, place, each-way and exotics such as quinella, trifecta and first four, plus quaddies and Same Race Multi. Fixed odds lock at bet time; tote settles at the jump. Racing markets close at the start, with no online in-play.
Racing wagering with Mintbet
- Racing markets include win, place, each-way and exotics such as quinella, trifecta and first four.
- A quaddie asks you to pick the winner of four nominated legs, with flexi percentages setting the stake.
- Fixed-odds prices lock in at bet time; tote (parimutuel) dividends are only set at the jump.
- Same Race Multi combines several outcomes in one race; markets close at the start, with no online in-play.
Racing bet types
| Bet | What it needs |
|---|---|
| Win | 1st place only |
| Each-way | Win and place combined |
| Trifecta | 1st, 2nd and 3rd in order |
| Quaddie | Winners of four nominated legs |
Frequently asked questions
What is each-way betting?
An each-way wager is two bets: one for the win and one for a place. It pays if the runner wins or finishes in the paid places.
What is the difference between fixed odds and tote?
Fixed odds lock in the price when you bet; tote (parimutuel) dividends are only finalised at the start based on the pool.
Can I bet after the race starts?
No. Racing markets close at the jump, and in-play wagers are not available online in Australia.