Laying - you are betting that a horse will The All Weather King not win the bet. In order to entice punters to take your bet, you must offer odds against the result. Your liability is paid at the odds you offer.
Quinella - this is betting on horses to run first and second in a race in any order Exacta - it is like a quinella except that you must have the first two horses in their correct finishing order Trifectas - picking the runners that place first, second and third in an event, in the right order First Four - choosing the first 4 runners in the right order Double - selecting the winners of two designated races at one venue Treble - choosing the winners of 3 nominated races at one course