What is P bet amount?

What is W and P in bet?

A Win bet is a bet type that requires the punter to select the horse they believe will be first past the post. If they are correct they will win a sum of money relevant to their investment and the betting product (Fixed Odds or Tote betting).

What is Toteplace?

The Tote Place bet is one in which you back a single horse to place in a race with a minimum stake of 50p, and your selection must win or place for a return. Tote Place bets are offered on all races that have five or more runners and are one of the most popular the Tote offers.

How much is a $2 Win Place Show bet?

A Win Place and Show bets can be placed for as little as a $2 “Across the Board” which would cost a total of $6 but you can also bet a horse for $2 straight for Win or Place or Show which will keep the cost down.

What is the minimum bet on tab?

The minimum amount you can bet is 50c. However, most people bet a minimum of $1.

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Whats no 3rd dividend mean?

NTD, N.T.D. or No Third Dividend is when there are not enough starters in a race to pay a third dividend. 8 or more starters in a race will pay 3 place dividends. If there are between 5 and 7 runners after final scratchings then there will be no third dividend on that race.

What does placing mean in horse racing?

A Place bet is a bet type that requires you to select a horse to finish in the placings (1st, 2nd or 3rd). Your runner can finish either 1st, 2nd or 3rd for a winning resulted bet. … Place bets will have a smaller payout than a Win Bet, as there is a higher chance of a winning outcome for the punter.

Are Placepots profitable?

Are Placepots profitable? Although Placepots are first and foremost considered a pool bet that gives a lot of fun for a small investment, they can be profitable in the long term.

What is a Quadpot bet?

The Tote Quadpot is a popular pool bet in which players must pick a horse to place in races 3, 4, 5 and 6 at a meeting in order to win a share of the Tote Quadpot dividend. The more bets placed on the Quadpot pool at the meeting, the larger the potential dividend for successful bets.

Can I bet place only?

A place only bet is one of the simpler bets you can go for when having a wager on horse racing or greyhound racing. The term is usually used to describe a scenario in which the horse or greyhound is bet upon to finish in the top two or three, rather than whether or not it will win the race outright.

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How much is a $10 Win Place Show bet?

Place / show each way

If you place a $10 each-way bet with a place and show bet, you will end up paying $20 ($10 is allocated to the place bet, while another $10 is allocated to the show bet). Your selected horse merely needs to finish second to win both bets or finish in third to win half of your bet.

How do show bets payout?

Show Bet. A show bet means you bet on a horse to come in one of the first three positions. You get a payout if your selected Horse comes either 1st, 2nd, or 3rd, and the payout is even smaller than the place bet. It is smaller because all the three-position finishers share the pool money.

Do I win if my horse came 4th?

If your horse comes home first (wins), both the ‘Win’ and ‘Place’ parts of your bet will pay out. But if your horse only places, you will lose the ‘Win’ part of your bet. You will still collect on the ‘Place’ part of your bet if your horse finishes 2nd, 3rd, 4th and 5th or 6th*.

What is TAB daily double?

Daily Doubles and Extra Doubles requires you to correctly pick the winners of two TAB nominated races at a meeting. E.G. You have a $1.00 Daily Double and take number 2 to win the 1st leg (Race 5) and number 6 to win the 2nd leg (Race 7). They both have to win their race for you to successfully win your bet.

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How do I claim my TAB winnings?

Check & collect is a feature that allows you to scan a TAB retail ticket to check the status of your wager. If the wager is successful, then you can deposit the winnings from the TAB retail ticket directly into your account from your mobile using the TAB App.

What is the maximum payout from TAB?

TAB outlets pay out a maximum of $10,000 without requesting photo identification. By making five bets, none of which would return more than the $10,000 limit, the punter may have been trying to avoid handing over ID. TAB executives have noted the five bets were placed at a hotel, rather than at a TAB outlet.