Betting on horse racing is pretty much an Australian pastime. There's plenty of race meetings on each and every day with thoroughbred, harness and greyhound racing to ensure that there is something for everyone to have a bet on. Tab.com.au offers betting on horse racing throughout Australia and also the rest of the world on a weekly basis.
Australia's major races include the famous Melbourne Cup, the Golden Slipper, the Cox Plate, the VRC Oaks, the Victoria Derby and the Caulfield Cup. Internationally, tab.com.au offers you the chance to bet on some of the great races in the world including the Kentucky Derby, Arc De Triomphe and Dubai World Cup.
There are many factors that can determine what prices or odds are offered in horse racing. Horse racing betting is very popular throughout the world and Australia is no different
Factors that can determine the odds
There are several 'known factors' affecting the odds you get on a horse.
Each track is unique. They vary in circumference, race distances, starting points and even gradients in the track itself. Some tracks handle wet weather better than others too. One thing to remember is that not all tracks race in the same direction - some race right handed, while others go the left hand way of racing.
Whatever surface a race is run on, the softness or firmness of the ground is hugely influential. The going can be soft, very soft, dry or very dry. It's a good idea to study which horses perform best on which conditions before placing a bet on the day.
The distance of a race, and a horse's capacity to run at that distance, is a vital factor in horse racing odds. A horse with proven record at running long distances will have shorter odds than a horse running a distance race, when it is a short-distance specialist.
Jockey and Trainer
Of course, the jockey is very influential when selecting which horses you will bet on. It's their judgement which will ultimately determine whether your runner will have the best chance of winning or not. Punters generally put as much emphasis on the jockey as they will a horse. The same can be said for the trainer too - a powerful trainer with a good strike rate is something punters look to when trying to determine whether they will back a runner or not.
Pari-mutuel and Fixed Odds Prices
Betting on the pari-mutuel means you're betting through the tote. The prices change as the amount of money on each runner is invested. The more money on a runner, the shorter the price, or odds, it will be.
Fixed Odds is exactly what the name suggests - if you bet on Fixed Odds, the price of the runner when you place the bet is the price you get, regardless of whether that price changes or not.
TAB.com.au offers both pari-mutuel and Fixed Odds betting on most horse racing events.