The wagers
Reading a Red Shores wager
Betting on races at Red Shores Racetrack & Casino, on the Charlottetown oval, is pari-mutuel, with each bet type sharing one pool. This page sets out the federal definitions of the common wagers before anyone reaches a betting window.
By the Form Desk Checked October 2026
No. 1
1
pool per bet type
The wagers
One pool per bet type
Pari-mutuel betting sorts wagers by type. All win bets on a race share one common pool, all place bets share another, and each remaining type keeps its own. The payout for a type is calculated from that pool, following the federal regulations. This page gives no money examples, since the figure rests on what each pool holds.
A track offering this betting has a posting duty. It must display a notice that the federal Minister supervises its betting. The same notice lists how to reach the Canadian Pari-Mutuel Agency. This guide does not reprint those details; the notice at the track is where they appear.
No. 2
7
bet types
The wagers
The seven common bets
- Win: the bet is on one horse to cross the line first.
- Place: the chosen horse has to finish first or second.
- Show: the horse must end the race in one of the first three positions.
- Exactor: the bettor names the top two finishers in the precise order they arrive.
- Quinella: the bettor names the top two finishers, and either order counts.
- Triactor: the bettor names the top three finishers in their precise order.
- Daily double: the bettor picks the winner of each of two races.
One finish, seven tickets
A sample finish order; pick a bet type to see which picks it needs. No money, only the rule.
| Bet | What it needs |
|---|---|
| Win | Your horse finishes first. |
| Place | Your horse finishes first or second. |
| Show | Your horse finishes first, second or third. |
| Exactor | The first two, in exact order. |
| Quinella | The first two, in either order. |
| Triactor | The first three, in exact order. |
| Daily double | The winners of two races. |
No. 3
∞
a winning ticket is valid
The wagers
What the board shows
Approximate odds on the board cover one pool, the win pool. Each figure gives the probable payout of that pool at the moment it goes up. It says nothing about place, show, exactor or any other pool. Final odds are calculated later, once betting on the race has closed.
A winning ticket has no expiry date. Tracks are required to post this among their terms: such a ticket remains valid indefinitely.
No. 4
19
the PEI age
The wagers
Nineteen and over, and a limit
Prince Edward Island law forbids selling a pari-mutuel or lottery ticket to anyone under 19. Atlantic Lottery products follow the same line, and buying, playing or redeeming them requires a minimum age of 19.
On the casino floor, the venue's PlayWise pages say, outcomes are random: no machine is ever due, and rituals cannot change a result. One general habit helps: decide the amount before the first race and keep to it. Anyone can ring 1-855-255-4255, the PEI Gambling Support Line, at no charge and in confidence, at any hour of any day.
No. 5
Q3
Reader questions · short answers
Questions
Q1How does an exactor differ from a quinella?
Both bets name the first two finishers. In an exactor the order must be exact, while in a quinella either order counts.
Q2Do the odds on the board fix the payout?
The board does not fix it. Approximate odds show the probable payout of the win pool when they are posted, and nothing more. Final odds are calculated after betting on the race closes.
Q3How long does a winning ticket stay good?
There is no time limit. A winning ticket stays valid indefinitely, and tracks are required to post that term.
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