Australia has a host of major races to bet on. The one that everyone knows is the Melbourne Cup. Other major races are the Golden Slipper, the Cox Plate, the VRC Oaks, the Victoria Derby and the Caulfield Cup. All these races attract a high volume of bets and a great deal of betting activity by bettors and punters alike.
Most of the time TAB Sportsbet will offer 'All In' betting on these races, which means they will open a market on a race well in advance, before the field is finalised, which sees most horses start at inflated odds. The risk here is that if you're horse doesn't make the Final Field, then you lose your money, but if by chance that it does start, then the odds you secured well in advance will be the odds you take into the race despite any price changes since.
Horse racing tips - betting options
Horse Racing is the most popular form of betting and there's a range of options you can place a bet on.
You can bet on any horse to win a single race
Place betting is where a punter bets on a horse to finish a race in either first, second or third spot.
Here a punter bets on a horse winning the race and/or securing a place. If a horse wins, the bettor collects winnings for both the win and place dividend, but if the horse runs second or third, only the place dividend is paid out.
Futures/All In Betting
Futures horse racing betting certainly requires the use of various horse racing tips. For example, to bet on the Melbourne Cup from months in advance will require the use of form, history, win/loss records and of course, plenty of luck.
Exotic Bets - Trifecta, First 4, Quaddie and BIG6
Trying to win when betting on the exotics is naturally a lot harder, however, the dividends and payouts are far more rewarding.
A Trifecta is correctly selecting which horses will finish first, second and third in a race. If you bet on a First 4, you must pick which horses will finish first to fourth.
A Quaddie is slightly different in that you must correctly select the winners of four races selected by TAB Sportsbet, while the BIG6 is similar but you need to pick the winners of six races in order to collect.
Horse racing tips are dominated by form and the study of previous performances. Any potential bettor would do well to look at a horse's record approaching a given race, as well as the record of the jockey.
A close eye should be kept on odds when betting. Odds are fluctuating all the time, while it must also be remembered that should a lot of people bet on one horse, its odds will naturally decrease.
Punters have the choice of two betting types at TAB Sportsbet - tote/pari-mutual, where the prices change constantly or Fixed Odds, which gives you a fixed price of your runner regardless of whether the price changes afterwards.
Horse racing tips would not be complete without mention of the differences between race courses and the varying performances of horses upon them. Some horses may be suited to certain tracks, or a certain type of track, the same goes for jockeys. These factors should go into the preparation of a bet.
The weather also plays a big part when compiling horse racing tips. Some horses are better at handling wet or windy conditions than others, while some will only perform to their ability on a hot, dry day.