Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made.
Greyhound racing is an organized, competitive sport in which greyhounds are raced around a track. There are two forms of greyhound racing, track racing and coursing; the latter is now banned in most countries. Track racing uses an artificial lure that travels ahead of the greyhounds on a rail until the greyhounds cross the finish line. As with horse racing, greyhound races often allow the public to bet on the outcome.
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity.
Harness racing is a form of horse racing in which the horses race at a specific gait. They usually pull a two-wheeled cart called a sulky, spider, or chariot occupied by a driver. In Europe, and less frequently in Australia and New Zealand, races with jockeys riding directly on saddled trotters are also conducted.
Thoroughbred horse racing is a spectator sport in Australia, and gambling on horse races is a very popular pastime with A$14.3 billion wagered in 2009/10 with bookmakers and the Totalisator Agency Board (TAB). The two forms of Thoroughbred horseracing in Australia are flat racing, and races over fences or hurdles in Victoria and South Australia. Thoroughbred racing is the third most attended spectator sport in Australia, behind Australian rules football and rugby league, with almost two million admissions to 360 registered racecourses throughout Australia in 2009/10. Horseracing commenced soon after European settlement, and is now well-appointed with automatic totalizators, starting gates and photo finish cameras on nearly all Australian racecourses.
A tote board is a numeric or alphanumeric display used to convey information, typically at a race track or at a telethon.
Tabcorp is Australia's largest gambling company, employing more than 5,000 people. It is the largest provider of wagering and gaming products and services in Australia. Tabcorp is listed on the Australian Securities Exchange (ASX).
The superfecta is a type of wager in the United States and Canada parimutuel betting in which the bettor, in order to win, must pick the first four finishers of a race in the correct sequence. This is even more unlikely than a successful wager in the trifecta, which requires correctly picking the first three finishers in order, and as such will have a correspondingly higher payoff.
The Australian and New Zealand punting glossary explains some of the terms, jargon and slang which are commonly used and heard on Australian and New Zealand racecourses, in TABs, on radio, and in the horse racing media. Some terms are peculiar to Australia, such as references to bookmakers, but most are used in both countries.
The racing of Thoroughbred horses is a popular gaming and spectator sport and industry in New Zealand.
The Totalisator Agency Board, universally shortened to TAB or T.A.B., is the name given to monopoly totalisator organisations in Australia, New Zealand and South Africa. They operate betting shops and online betting. They were originally government owned, but in Australia most have been privatised. In Victoria, for instance, the Victorian Totalisator Agency Board began operating in March 1961 as a state enterprise, and was privatised in 1994.
Harness racing, also colloquially known as trotting or the trots, is a spectator sport in Australia, with significant amounts of money wagered annually with bookmakers and the Totalisator Agency Board (TAB). In Australia there are 90 harness racing tracks, which hold over 1,900 meetings annually. There are approximately 2,900 drivers and 4,000 trainers with about 5,000 Standardbred horses foaled and registered each year.
Sky Racing is an Australian broadcaster primarily telecasting live thoroughbred, harness and greyhound racing. It is owned by Tabcorp and operates a number of television channels and a radio service.
RadioTAB is a radio station primarily covering horse and greyhound racing in Australia and internationally, operated by Tabcorp, which operates the Totalisator Agency Boards based in Queensland, Tasmania, South Australia and Northern Territory. RadioTAB's studios are in Brisbane City.
Racing and Wagering Western Australia, or RWWA is a controlling authority for thoroughbred, harness and greyhound racing in the state of Western Australia.
TAB Trackside is a New Zealand horse racing and sports broadcast network, incorporating two pay TV channels. The TV channels is available on Sky channels. The radio station broadcasts on 14 AM radio and 16 FM radio frequencies from Kaitaia to Invercargill were suspended on 12 April 2020.
Harness racing in New Zealand is primarily a professional sport which involves pacing and trotting competitions for Standardbred racehorses. The difference is the horse's gait or running style:
Luxbet was an online betting company based in the Northern Territory, Australia. Luxbet was licensed by the Northern Territory Racing Commission and provided racing, sports and novelty betting options which encompass horse racing, harness racing, greyhound racing and feature racing, as well as American football, Australian rules football, baseball, rugby league, soccer matches and tennis. Luxbet offers betting options through telephone, internet and mobile applications.
Horse racing in the United States dates back to 1665, which saw the establishment of the Newmarket course in Salisbury, New York, a section of what is now known as the Hempstead Plains of Long Island, New York. This first racing meet in North America was supervised by New York's colonial governor, Richard Nicolls. The area is now occupied by the present Nassau County, New York, region of Greater Westbury and East Garden City.
There are eight Greyhound racing clubs operating in New Zealand. They are all affiliated with Greyhound Racing New Zealand (GRNZ). Racing in New Zealand is governed by the New Zealand Racing Board (NZRB) in accordance with the Racing Act 2003. Totalisator betting was not allowed until 1981.
