MTC

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Betting guide

There are several ways you can place a bet at the MTC:

  • with a bookmaker
  • through TAB on course and online

Bookmakers can be found in the betting ring and on some larger race meetings trackside on the lawn.

Betting with a bookmaker

Win

When you back a horse to Win, you win if your horse finishes first.

Place

When you back a horse for a Place, you win if your horse finishes first, second or third. There is no collect for third place if there are less than eight runners (except late scratchings). If there is less than three runners, there is no place betting.

Each Way

When you back a horse Each Way, you collect if your horse wins or runs a place. For Each Way betting bookmakers pay 1/4 of the win odds for a place if there are eight or more runners and 1/3 of the win odds if there are between three and seven runners. There is no collect for third place if there are less than eight runners (except late scratchings) where deductions could apply. If there is fewer than three runners, there is no place.

Win/Place

Bookmakers also offer Win/Place betting which is displayed similarly to TAB approximate dividends for each runner in a race. Win/Place betting is the fixed odds displayed on the bookmaker's board, for example $3 Win, $1.60 Place, therefore a bet of $10 Win and $10 Place would return $46 if the horse won the race or $16 if the horse finished second or third in a race of eight or more starters. The Each Way rules do not apply to bookmakers betting Win/Place.

Concession

When you back a horse Concession, you win if your horse finishes first, and the amount you bet is returned in full if your horse finishes second or third. However, there is no collect for third place if there are less than eight runners (except late scratchings). Concession betting requires a field of at least three runners.

Four Place

To win a Four Place bet, you select a horse in four separate races to run a place.

Multiple Doubles

To win a Multiple Doubles bet, you select two horses and multiply the odds on offer, and both horses must win.

Don't forget to carefully check your tickets before leaving the bookmaker's stand and do not discard tickets until correct weight has been declared.

In the event of a late scratching/s your ticket may be subject to deductions ordered by the Stewards.

Betting with the TAB at the track

Win

When you back a horse to Win, you win if your horse finishes first.

Place

When you back a horse for a Place, you win if your horse finishes first, second or third. There is no collect for third place if there are less than eight runners (except late scratchings). If there is less than three runners, there is no place betting.

Quinella

To win in Quinella wagering, you must pick the two horses finishing first and second in either order. Operates on all races.

Exacta

To win in Exacta wagering, you must pick the two horses finishing first and second in exact order.

Trifecta

To win the Trifecta, you must pick the three horses finishing first, second and third in judges' order.

First 4

To win the First 4, you must pick the four horses finishing first, second, third and fourth in judges' order.

Daily Double

To win a Daily Double bet, you must pick the winners of two designated races.

Running Double

To win a Running Double, you must pick the winners of two consecutive races.

All-Up (win)

To win an All-Up win bet, you must pick two or more winners at the same venue.

All-Up (place)

To win an All-Up place bet, you must pick two or more placegetters at the same venue.

Quaddie

To win a Quaddie, you must pick the winners of four designated races.