Tote Pools
  • Early approval granted for new pari-mutuel bet type.
  • ‘Exact 2nd’ would operate much like a win bet – except punters need to select the horse that runs second

It’s been just over six months since TAB launched their newest pari-mutuel betting product, Odds & Evens. The reception to it has been mixed, but that hasn’t put authorities off pursuing further new pari-mutuel options for punters. The latest potential product to come to light is ‘Exact 2nd’.

While a timeline for the new product’s launch cannot be confirmed, the rules governing the new bet type have been approved in Australia’s two major racing states, Victoria and New South Wales.

Exact 2nd: How Does It Work?

In effect, it operates much like a win market – but instead of selecting the winner of a race, punters would be required to select an individual horse to run second.

Exact 2nd is a pari-mutuel product that would take advantage of merged-pool technology.

Exact 2nd: What TAB says

Contacted today, a spokesman for TAB made the following statement:

“Merged pool technology allows us to offer additional pari-mutuel bet types, as we have done with Trio and Odds & Evens. Exact 2nd – which would require the customer to select a runner to finish second – is another potential new tote bet offered via merged pool technology.

“While the rules governing it as a stand-alone bet type have been approved in two states (Victoria and NSW), there is significant technological work and additional regulatory approvals required to enable it to be launched as a merged pool product, which means it is not possible to put a timeframe on it being introduced at this time.”

Exact 2nd: Takeout rates

Totalisator betting rules published on the TAB website indicate that the pool would attract a commission (takeout) rate of 14.5 per cent – the same as a win bet – on the SuperTAB and NSWTAB totalisators.

Does the prospect of ‘Exact 2nd’ appeal to you? Let us know on Twitter.

The Professor launched his Queensland Winners service in September 2018, and it’s been nothing short of a remarkable success to date.

Over $15,000 profit since speaks volumes of his abilities. The service started extremely well and simply hasn't slowed down as The Professor continues to find value in the market.

Don’t miss another winner – find out more about Queensland Winners.

WATCH – Sydney Racing Preview: Randwick, Saturday 25 Jan 2020


Randwick races video preview from pro punter Mark Rhoden Mark’s quaddie numbers Mark’s best bet of the day Randwick Races,…Read More

Pro Punter Preview: Listed Kensington Stakes with Cameron O’Brien


Rated market and runner comments from pro punter Cameron O’Brien Cameron has found a value tip in the small field…Read More

Cameron O’Brien’s Key Bets: What’s Behind The Huge Profits?


Cameron O’Brien’s Key Bets in in amazing form. Since November 1st, it’s produced profits of $7,850 at 55% PoT, betting…Read More