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Bet Categories

Last Updated: Nov 18, 2015 04:17PM CET
When placing a bet with RaceBets you can choose if you want to place your bet as Fixed-OddsBookmaker or Tote Bet. Depending on the bet you are placing either all, two or only one of these options might be available. There are major differences between these three categories and we display them for you in the following overview:
  Fixed-Odds Bet Bookmaker Bet Tote Bet
Payout Odds Fixed-Odds Starting Price Tote Odds Tote Odds
Role of RaceBets Bookmaker, any winnings are paid directly from us. Bookmaker, any winnings are paid directly from us. Bookmaker, any winnings are paid directly from us. Agent, forwarding your bet into a totalisator pool. Any winnings are taken from such pool.
Markets

Early Prices
Day-of-Race
Head-to-Head 
Special Bets
Ante-Post 

Day-of-Race Day-of-Race Day-of-Race
Track Countries/Regions All countries United Kingdom, Ireland, United Arab Emirates All countries not listed in the Starting Price column. Germany, Malta, North and South America
Bet Types Win, Place and Each-Way. Win, Each-Way, Ita, Trita, Forecast, Tricast, Trio Win, Place, Ita, Trita, Forecast, Tricast, Quinella, Swinger and Trio. As offered at the Totalisator.
Multiples Often possible. Often possible. Often possible. As offered by the Totalisator (e.g. Pick bets).
Odds Fixed in the moment the bet is accepted.
Rule 4 deductions can still take place.
Betting Shows are displayed in the race card.
Payouts base on Starting Prices determined after the start of the race.

Indicators for Win Odds might be shown in the race card.
Payouts base on final Tote odds determined after the start of the race.
Reserve odds might apply.

Indicators for Win Odds might be shown in the race card.
Payouts base on final odds determined after the start of the race.

Rule 4 Might apply in Early Prices and Day-of-Racemarkets if stated in the race card. Rule 4 deductions can be made from the Starting Price when a horse is withdrawn just before the race and there is no time to create a new a market. Does not apply. Does not apply.
Number of Places and Place Odds

Place: Fixed and stated when placing the bet.
Each Way: Following the Each-Way Terms.
Special terms might apply when stated in the market.

Each-Way Terms As defined in the Totalisator regulations. As defined in the Totalisator regulations.
Limits Limits as per Terms & Conditions and winning limits apply. Limits as per Terms & Conditions and winning limits apply. Limits as per Terms & Conditions and winning limits apply. No RaceBets imposed limits apply.
Non-Runners Stakes refunded only in markets with Rule 4 and in NRNB markets. Stakes are refunded. Stakes are usually refunded.
Special rules might apply for coupled runners and exotic bets.
Stakes are usually refunded.
Special rules might apply for coupled runners and exotic bets.
Coupled Runners Do not apply Do not apply France, Italy, Turkey and PMU Markets: Win bets
North and South America: All betting types
USA: All betting types 
Dead Heats Stake money is divided by the number of runners involved in the Dead Heat.   Stake money is divided by the number of runners involved in the Dead Heat, unless the Totalisator already applied a special rule when determining the odds. As defined in the Totalisator regulations.
 

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