A bet is the risk of a sum of money or valued item against someone else’s on the basis of the outcome of an unpredictable event such as a race or game.
A bet can also make any race that so much more thrilling – beating the bookmaker is always an exciting challenge for every punter!
Type of Bets:
There are two types of very popular standard bets – win and each-way.
A win bet is very simple – and arguably the most exciting – your horse and jockey have to both cross the line first. They have to win the race.
Each way is very much the same as a win bet but it also has the place part of the bet too. This means your horse has to finish in the placing of the race, in order for you to get a financial return. Each race has different place terms, down to the size of the field (how many runners) – so refer to the points below for a full list of place terms.
An each way bet is two bets, so it does cost twice as much. (A €5 each way bet would cost €10)
- Handicaps of more than 16 runners – 1/4 odds on first four places.
- Handicaps of 12-15 runners – 1/4 odds on first three places.
- All other races of more than 8 runners – 1/5 odds on first three places.
- All races of 5-7 runners – 1/4 odds on first two places.
- All races of less than 5 runners – place money goes on to win.
The odds (or price) express the probability of a horse winning a race.
Odds against: Less than 50% predicted probability of winning.
Odds on: More than 50% predicted probability of winning.
On Course Betting:
Bookmakers: There are two Bookmakers Rings in Galway, one beside the parade ring and one in the Mayors Garden.
Tote: There are various Tote windows around Galway Racecourse and it’s always easy to get a bet on with the Tote. Tote facilities are available in the main tote building, on all levels of the Killanin Stand and Millennium Stand, in the Owners & Trainers bar, in the Carvery Restaurant, the Mayor’s Bar, and the Mayor’s Garden. Touch-tote facilities are also available at these locations. You will find details of how to place a bet in your race card.
Ladbrokes: We have two Ladbroke SP Offices, one located at the rear of the main tote building and the other in the Mayors Garden.