A "Win" bet in horse racing means that you are betting on your selected horse to win the race or finish first. Second place is the first loser.
"Straight up bet" or "on the nose bet" are common aliases of the "Win" bet.
Bookies list down all available horses for a race with their corresponding odds. All you have to do is select your favourite horse and place your stake. Your potential winnings are automatically calculated based on the quoted fixed odds when you made the bet.
Here's an example with the horses of the 2018 Melbourne Cup:
|1||Best Solution (6) T: Saeed Bin Suroor | J: Pat Cosgrave||16.00|
|2||The Cliffsofmoher (9) T: Aidan O'brien | J: Ryan Moore||23.00|
|3||Magic Circle (17) J: Corey Brown | T: Ian Williams||7.00|
|4||Chestnut Coat (4) J: Yuga Kawada | T: Yoshito Yahagi||71.00|
|5||Muntahaa (13) J: Jim Crowley | T: J H Gosden||19.00|
|6||Sound Check (16) J: Jordan Childs | T: M D Moroney||41.00|
|7||Who Shot Thebarman (18) J: Ben Melham | T: C J Waller||31.00|
|8||Ace High (22) J: Tye Angland | T: David Payne||71.00|
|9||Marmelo (10) J: Hugh Bowman | T: H Morrison||12.50|
|10||Avilius (11) J: Glyn Schofield | T: James Cummings||16.00|
|11||Yucatan (23) J: James Mcdonald | T: A O'brien||6.60|
|12||Auvray (1) J: Tommy Berry | T: R A Freedman||81.00|
|13||Finche (15) J: Zac Purton (54.0kg) | T: C J Waller||26.00|
|14||Red Cardinal (5) J: Damien Oliver | T: D K Weir||31.00|
|15||Vengeur (2) Masque J: Patrick Moloney | T: M D Moroney||71.00|
|16||Ventura Storm (7) J: Mark Zahra | T: D & B Hayes & T Dabernig||34.00|
|17||A Prince Of Arran (20) J: Michael Walker | T: Charlie Fellowes||23.00|
|18||Nakeeta (3) J: Regan Bayliss | T: Iain Jardine||81.00|
|19||Sir Charles Road (14) J: Dwayne Dunn | T: L O'sullivan & A Scott||101.00|
|20||Zacada (24) J: Damian Lane | T: M Baker & A Forsman||101.00|
|21||Runaway (12) J: Stephen Baster | T: G Waterhouse & A Bott||41.00|
|22||Youngstar (8) J: Craig Williams (51.5kg) | T: C J Waller||11.75|
|23||Cross Counter (19) J: Kerrin Mcevoy (51.0kg) | T: Charlie Appleby||12.00|
|24||Rostropovich (21) J: Wayne Lordan (51.0kg) | T: A O'brien||23.00|
Four-year-old Cross Counter won the 2018 Melbourne Cup so those who made a "Win" bet on him won! With odds of 12.00, a $10 stake on the Charlie Appleby trained gelding netted $120.00. Awesome!
Bookies also offer Top Tote Plus Odds on "Win" bets, instead of the usual fixed odds. This gives you the best return out of all three TAB's or the starting price (whichever is higher) on all Australian Races.
Top Fluc odds are the top bookmaker's odds offered on a specified horse. "Win" bets placed at Top Fluc are guaranteed to be paid at the top official on-course bookmaker’s fluctuation. Top Fluc is only available for Metropolitan meetings.
Starting Price (SP) is the official on-course bookmaker’s dividend declared at the end of betting. SP Bets guarantee to pay the final bookmakers fluctuation from the bookmakers on track as declared by the Bookmakers Pricing Service (BPS) stewards on track.
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