BEST HORSE RACING BETTING SITES & BONUSES
Betting on horse racing is one of the most popular pastimes of the Australian punter. While it may seem to be a simple race between horses there is much more to the sport than meets the eye. Many of our readers have developed a true passion for horse racing betting after learning the intricacies of the sport. As a result we have made a special effort to compile a list of the best horse racing betting sites available. These sites are all registered bookies in Australia with a history of good customer service and great odds.
Horse Racing Tips and News
We have some of the best horse racing and betting writers in the country. We are constantly bringing you the current news about horse racing and other events you care about. We want to help you become an informed punter when placing horse racing bets. You should always study the previous statistics prior to making your bet. Many of the bookies that we refer you to already have a set of prior statistics readily available to help you make an informed decision. You should take into consideration more than just the winning record of a horse. You should look at the horses running times. Look at the track and conditions in which the horse performed well. You should also take into consideration the opponents they previously faced.
Smart Horse Racing Betting
While horse racing betting is a pastime for some it is also a passion for others. To stay a consistent winner while betting on horse racing you need to truly evaluate each horse in the race and the given conditions. Those that have been betting on horse racing for a long time are often able to evaluate the statistics quite quickly. This is when you become an expert punter at horse racing betting.
While the favorite horse tends to win approximately 33% of time, it is important to follow winning trainers and winning jockeys. There is more to picking winners than looking at the horse alone. The top ten riders in the overall jokey standings win approximately 90% of the races. Both trainers and jockeys tend to get on winning streaks and betting on their horses currently in the races is an easy way to make an informed bet.
How to Bet on Horses
Understanding how to bet on horses and what the numbers mean is an important part to enjoying the race. Always begin by obtaining a program and the daily racing form (DRF) or past statistics. You’ll be selecting a racetrack, the specific race, the amount you’ll be betting, the type of bet (We will explain later.), and the number of horses you’re betting on.
Odds and Payoffs
This is really quite simple. You’ll see two columns. One column with the odds (example: 1/4 odds) and the second column with the payoff (example: $2 Payoff). To compute the winning purse multiply the first number in the odds by the payoff, then divide the result by the second number in the odds. Finally add the full payoff to that result (Example: 1 x 2 = 2, 2/4 = 0.5, 2+0.5=2.5).
Simple Guide on Horse Racing Bets
In this type of bet you are selecting a specific horse to finish 1st, 2nd, or 3rd in a race.
In this type of bet you are selecting a specific horse to finish 1st or 2nd in a race.
With a win bet you are selecting a specific horse to win a specific race. If there is a tie for first place (dead heat) your winnings of the bet are divided in half.
Each Way Bet
This type of bet combines the win bet and the place bet. This type of bet is often used because it hedges any losses if the selected horse does not come immediately in first place.
In this type of bet you select a group (two or more) of horses and those horses must come in 1st or 2nd place in a race, in no particular order.
This is a type of quinella bet. In this type of bet you will select two horses and predict the order they will come in 1st and 2nd.
In this type of bet you select the first three horses to finish the race. There are multiple variations to the trifecta bet.
Superfecta (First Four) Bet
In this type of bet your selected horses must be the first four horses to complete the race.
Daily Double Bet
In this type of bet your horse must win two consecutive races.
Pick 3 Bet
In this type of bet your horse must win three consecutive races.
Pick 4 Bet
In this type of bet you select the winning horses for 4 consecutive races.
Pick 6 Bet
In this type of bet you select the winning horses for 6 consecutive races.
Share this entry
|Offers exclude NSW, VIC, WA & SA residents. Gamble responsibly.|
Australian Betting – Copyright 2015
The information provided by the Australian Betting Organization is for entertainment purposes only. We deny any responsibility for financial losses incurred by our readers. The reader is responsible for knowing and following regional gambling laws and regulations. Those seeking information related to gambler's help can visit the Australian Government - Department of Social Services.