Centrebet Racing

Horse Race Betting Strategy Focus: Betting at The Melbourne Cup


melbourne cup

Did you watch the Melbourne Cup this year?

The race that stops a nation just started this week. The Melbourne Cup is arguably considered to be the greatest thoroughbred horse races in the world. The prestigious horse racing event started in 1861. It featured the best thoroughbred horses in a two-mile racetrack for 3 1/2 minutes of racing grandeur.

Are You Ready to Bet at the Melbourne Cup?

horse racing betting board

Aussies and horseracing fans around the world have a penchant for placing a bet. The Melbourne Cup is one of the most betted horseracing events in the world. Whether you are a horserace betting veteran or a mere casual punter, it’s a must to know how to place your bets.

It’s a bit intimidating for punters who only bet on the day of the big race. Once a casual punter decides to place a bet during the Melbourne Cup, a plethora of screens and leaderboard will welcome him. Horseracing terms would be complicated for a casual punter. What exactly does a trifecta, quinella, each-way mean in horserace betting?

How to Place Bets at the Melbourne Cup

horse race betting digital

It’s a given that the simplest option to bet is to pick the “best” horse to win at the Melbourne Cup. The Melbourne Cup is not an ordinary race, exciting highlights can happen. The least favoured horse could be the winner of the best horse race event. Check the latest odds updates inside a TAB betting outlet.

Always take note that the dollars next to a horse’s name tells how much money you will receive on a win bet for every $1 wagered. For instance, if the runner shows it’s paying $6.50 and you bet $5 on it to place first, you will win $36.50 in total winnings. Mark off how much you are willing to wager in the top row and select the number of the horse at the bottom you want bet on. Betting slips and race cards are available at TAB betting shops.

Understanding Horserace Betting Tips

Place Bet

Make a “place” bet when you think your horse has a good chance to run well but unsure if it will win. Collect the money if your selected horse finishes first, second, or third. Keep in mind that the payout will be around 30% compared to a straight bet.

Each Way Bet

Mark off an amount you want to wager on the win and place boxes. The “each way” bet works if great if your horse wins then the payout will be from both areas. It’s a lucrative bet since it pays twice.

Basic Bet

Select the Thoroughbreds button on the top left portion of the screen before selecting Flemington as the track in the next box. Click on Race 7 then choose the type of bet you want to make that will bring up a horse list for the big 3pm race. Click on the amount you want to wager before confirming and claiming your ticket.

Quinella – The Quinella bet the works by selecting 2 horses that you think will finish at first or second in any order.

Trifecta – The trifecta bet involves choosing the first 3 horses in the correct chronological order.

First Four – The first four bet works by choosing horses to finish from 1st through the 4th in the correct proper order.

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