When it comes to betting in Australia, there’s nothing better than Australian horse races. Betting is illegal in few countries, but that’s not applicable in Australia though. You can bet legally in Australia with the help of the licensed state TABS (Totaliser Agency Boards), which is done right at the racetrack.

Those who don’t have enough time to visit the racing venue can even place bets over the phone. The most common unit in Western Australia is the 50 cents denomination, meaning that you can bet as many units as you want in multiples of 50cents.

The betting has diversified options in terms of race number, horse selection etc, and each bet has different set of tickets. One of the most common types of horse race betting is “Win and Place”, wherein you can bet on the place that a particular horse will end up at.

You can bet on #1, #2 or #3 spot in the “Win and Place” type of betting. You can also bet on a particular horse to be the winner, and to win the bet that particular horse must finish at the first place.

Daily Double is yet another popular type of betting, wherein you need to bet on the winner of two consecutive races, but the chances of winning in Daily Double are half that of the “Win and Place”.