What is the best bet type?

There are lots of different bet types. The standard bet is a win or place bet, but there are a range of other options across the exotics bet types. Bookmakers are now offering “Same Race Multi’s” to give you all the thrill (and disappointment!) of multi bets in a single race. The main bet types are:

• Win – Relatively high risk as need to pick the winner. Any other result means no return.
• Place – Lower risk bet as selected horse only needs to come 1st, 2nd or 3rd (assuming field has 8 horses or more).
• Exotics – High-risk bets that require multiple events to occur but can have substantial returns. Odds are not fixed or known on these bets, the betting pool for each event is split pro-rata between those that placed a winning bet (relative to bet size).
• Multi’s – High-risk bets that require multiple events to occur but can have substantial returns. Each additional leg of a multi increases the risk (and return)

What type of bet you use should be decided by you, your view on the expected outcome and your confidence level.

We always recommend that you only use bet types that you understand.