Bet Types

What is the Top Fluctuation (TF)?

This is the highest official Price Fluctuation of your selection during the betting period of the race you have chosing. The Top Fluc (TF) is available on all Australian Venues (except Tasmania) for the race in question up until the OP (Official Price) is received for the venue of the meeting you have wagered on. The TF is available with VicBet on every Australian Racing Venue except Tasmanian Racing. This is available up until the first fixed odds price call comes through via the OP, this is 25 minutes prior to the advertised starting time of the Metro Races and 20 minutes for the Provincial Venues. As an example if there is a race at 12:20pm then the TF is available until 11:55am on a Metro Race and Noon for a Non-Metro Race. Please note that if there is a late scratching during the OP Betting time on the race then your final dividend return will possibly be affected by deductions. Also note your wager at the TF odds will be affected by a late scratching during betting even if there is fresh betting.....

What are the Best Tote Odds (BT)?

This is the best of the final Tote dividends from all three TABs namely Supertab, NSW TAB and TATTS. This is available on all Australian Races where VicBet offers this Best Tote for Win only wagers. The Each Way Bets placed at the Best Tote will have the WIN part as the Best Tote and the PLACE part paid out as the Middle Tote. Overseas Race Meetings like New Zealand, Hong Kong, are paid out at the Middle Tote Dividend for the WIN & PLACE

 

What is Fixed Price (FP)?

This is the actual fixed odds price quoted by VicBet. Whatever price you take will be the price you are paid for your wager, unless there is a latescratching from the race after you have placed your fixed odds bet and then you will receive your winnings less a deduction.

 

What is the Best of the Best Odds (BOB)?

This is the best of the final closing Tote price of the three TAB's namely Supertab, NSW TAB and Tatts and also the Top Fluctuation (TF)... VicBet will be offering BOB odds for the Win Only on all Australian Racing (except Tasmanian Racing). This will be available up until 25 minutes before the race starts on Metro Races and 20 mins on Non-Metros. As a guide there is a range of $6k (Non- Metro, $3k Country WA) to $15k (Metro) and $20k (Group One Races) exposure per wager for these BOB wagers. 

 

What is Middle Tote Odds (MT)?

This is the final closing Middle Tote price as designated by the three TAB''s after the race is over. VicBet will be offering Middle Tote odds for the Win, Each Way and Place on all the New Zealand, Hong Kong,.Singapore is paid at the Supertab Odds.

 

 

What is the Favourite versus Field betting?

Choose either the Named Favourite to Win or the second option is collectively the Whole Field excluding the Named Fav to Win at the FIXED ODDS. It is a variable market and the Fav/Field prices will change as the Fixed Odds market changes during betting. If the Named Fav is scratched all bets placed on this bet type are Voided and your stake is returned. This is a novelty bet type so is for the small players.

 

What is the Head to Head Betting (H2H)?

This is the VicBet Head to Head (H2H) Betting where you pick one selection and all you need to do is have your pick beat the other two home. It will appear in a Group of three. The first H2H will be the Fav v the 2nd v the 3rd Fav. The second H2H is the 4th, 5th and 6th Favs fighting it out. The odds are dynamic and change as the market moves. As an eg. your pick could run 5th and the other two outcomes might run 8th and 10th so you win. If one of the selections is scratched from the H2H Group then all bets are voided..This is a Novelty Bet Type, anyone having the majority of wagers on this bet type will have it removed from the Product offering. We like to use a guide of 25% Novelty Bet wagers at the most and 75% normal wagers at the least for this to be retained.

 

What Dividend do I get when I have an Exotic Bet?

VicBet uses the Victorian Supertab for our Exotic dividends. A Quinella is when two (2) runners are selected to be placed first and second in any order. Maximum amount for a Quinella bet is $500 per combination and the Maximum payout with VICBET is $15,000 per Client per race. .A Exacta is when two (2) runners are selected to be placed first and second in the CORRECT order. The Maximum amount for a Exacta bet with VICBET is $400 per combination and the Maximum payout with VICBET is $15,000 per Client per race. A Trifecta requires nominating the first three (3) selections in a race in CORRECT order. The Maximum amount for a Trifecta bet with VICBET is $10 per combination and the Maximum payout with VICBET is $15,000 per Client per race. As an example if a VICBET Client has a $10 Trifecta that pays $150k, it will be adjusted as soon as possible after the race to a $1 Trifecta with the equivalent MAX Payout of $15k. We can not do any sooner as the declared dividend is not announced till after the race. For any Overseas race when the Supertab pool is less than $1,000 for the exotic option chosen then the Maximum payout is $5,000 per Client per Race