From the first formal race in 1820, horse racing has come a long way from where it was years ago. Not only were rules established and the sport developed, but betting has also paved its way in the race. Now, it continues to grow in popularity as participants engage in the course to watch and enjoy its unique experience — with the hope and trust of backing a winning thoroughbred.
If you’re one of the rookie betters of this sport, you may want to know the betting how-to before engaging in the act per se. Here you can start to build your knowledge and understanding of horse race betting.
Important races
Before delving into the world of horse race betting, you first need to familiarize yourself with these primary races that occur within Australia. Although there are more than a thousand races to choose from, the major races (W.X. Cox Plate, Melbourne Cup, and Victoria Derby) are more competitive, which means the stakes are even higher.
W.X. Cox Plate
This championship is most famous for its weight-for-age conditions in racing. Here you can expect horses to carry a set weight according to the Weight for Age scale. Likewise, the W.X. Cox Plate is open to any thoroughbred type, and the field is leveled down to 14 horses only – each vying for the win.
If you’re interested in betting in this race, you could always check out the latest updates on TopSport if you want. Here you can quickly begin your wagering journey on different racing events with a click of a button!
Melbourne Cup
Famous for having the largest attendance, the Melbourne Cup is held every November every year. Here, the first ten winners receive a portion of $6.2 million, and the winner gains not only the title but also leaves with $3.6 million.
Victoria Derby
Since 1855, the Victoria Derby has long since opened the gates for the VRC Spring Carnival. Although this race is the oldest in the world, it continues to bring excitement and surprises – even more so with a prize of $1.5 million.
Race surfaces
Although there are dirt tracks, most Australian horse races are held on grass surfaces. This surface does not only add excitement during races but variety as well. On the grass surfaces, horses tend to start late and increasingly become faster. Due to this, the excitement gets built up as unexpected results could occur.
Common Betting Types
Since you’ve tackled the races and the surfaces, it’s time to determine the different betting types you can enjoy. Here you can always go for the common types.
Win
Like its name, win bets entail that your chosen horse should finish first. This betting type could also be called “on the nose” or even “straight up.”
Place
Contrary to winning type, place entails you bet your thoroughbred from first to third. However, if there are only seven horses in the race, your horse only needs to finish from first to second.
Each way
Each way is betting like a win and place wager. Here, if your thoroughbred finishes first, you win both win and place. However, if they finish second or third, you lose your “win.” Thus, the lower rank your horse finishes in, the shorter-priced you will be.
Exotic betting types
If common betting types aren’t your thing, you could always go for the exotic ones. Here you can bet more than one racer from places first until third:
Quinella
With exacta bets, you can bet two thoroughbreds to finish either first or second. Here any order is acceptable, and you can acquire your dividends from the total money pool after the game.
Exacta
Exacta bets are just like quinellas – with the only difference being its order. Since orders don’t necessarily matter in quinellas, they do in the exacta.
Trifecta
Similar to the exacta, trifecta bets focus on its order as well. However, you will need to accurately wager the order of three horses when finishing first, second, and third.
First four
Like its name, the first four entails betting on four horses in a specific order. Likewise, if you’re able to win this bet, you’re sure to expect a significant sum!
Where to bet
The last piece of your wagering journey will be where to place your bets. For this, you always have two options: online or live. All you need is your funded race account if you choose to go online, and you’re ready to go!
Likewise, you could even make bets and watch the live feed in your home. On the other hand, live bets will need to be undergone through a booker or a teller. Here a teller can place your bets on a board, and you can even negotiate when you bet with a booker.
Takeaway
Entering the world of this racecourse only entails a little bit of research and a lot of enthusiasm. You can expect a whirlwind of events and surprises – all with watching trained jockeys and thoroughbreds race past each other. Indeed, with this guide at your disposal, betting will come in accessible and exciting. Thus, test out your luck today and start on this wagering wonder!
Read more: Betting Affiliate Programs
