The 2023 Guide to Horse Racing Betting in Australia
Many of the most popular online betting sites in Australia are devoted to horse racing, and wagering on these events is really thrilling. It’s also very affordable, which makes it great for beginners. As you punt more and more you will get to know what to look for and how to bet, but we have also put a basic guideline together for you here.
One of the most exciting aspects of Australian horse racing betting is how many different wager possibilities there are. These allow novices to explore simple bets and experienced punter to create more complex ones.
When you are getting started, Win and Place bets are straight wagers where you choose a winner or second or third place. Several wagers are based on these, so refining your abilities to choose is highly recommended. Look out for horse racing tips that will allow you to make astute guesses as to where competing horses will come.
As your punting skills grow, you are sure to want to explore exotic bets such as exactas, trifectas, first four, quadrellas and quinellas. You may also feel ready to maximise your winnings by placing multi bets that run across several different races. There are also some unique horse racing bets that are offered from time to time, to keep things exciting for the most seasoned of players.
Top Horse Racing Betting Sites
| # | Site | Bonus | Bet | |||
|---|---|---|---|---|---|---|
| 1 |  | Ladbrokes |  | 5/5 | 100% Match up to $250 | Bet now Review |
| 2 |  | Palmerbet | | 4.9/5 | 100% Match | Bet now |
| 3 |  | Picklebet | | 4.8/5 | Login to see promotions | Bet now |
Horse Racing Online Betting
Once you know what horse bets you want to place, you need to decide what horse to back. Often punters have an instinctual feeling about this, which should not be ignored. However, there is also a lot of other information that can help you make canny decisions.
Firstly, you should always find out as much as possible about the horses that are racing. The win/loss percentages, whether it is on a winning or losing streak, the horse owner and trainer and lots of other information is available and should be taken into account.
Next, you need to find out who will be riding any horse you are interested. In a race, the jockey and the horse are a team, and the way they work together can make all the difference on the track. A winning stead with the wrong jockey is often an unwise bet because the rider has such a big influence on the horse.
Australian Horse Racing Betting Sites
You should also consider the track being run. Sometimes certain horses perform better on different tracks, or have better showings in different conditions. All of these factors should be considered together when you make your wagering choices.
After you have determined which horse you think will win the race, you need to have a look at the odds. For example, if you place a bet on a long shot where it seems more likely that a horse will not win its race, it could return much more than a sure thing because the odds of it placing anywhere are less. Depending on the situation specifics, it is sometime savvy to take a long shot on the chance of a huge win.
As you consider your horse racing bets, you should use all the information on statistics, specific situations and odds that you have at your disposal, and should decide which bet you think will be most profitable based on your knowledge of them. As a sophisticated and thinking punter, this will be a large part of the joy of Australian Caulfield Cup betting.
Helpful Hints for Horse Racing Betting
When you are horse racing betting, you are looking at trying to get yourself into the best position in order to win. These facts and statistics about horse bets will help you do that!
- The top ten riders viewable in the jockey standings go on to win around 90% of the races during the meet. Do yourself a favour at horse betting sites, and check these out before you place your wager.
- Favourite horses win around 33% of the time, albeit at lower payoffs, so be sure and check the horse betting sites you are using for information on these while you are at it.
Reading Horse Racing Odds
At the majority of Australia’s horse betting sites, the odds will be displayed in what is known as a decimal format. This means that the number you see is expressed as how much money you will have in your pocket should you win your bet, including the amount you spent on your original wager. For instance, should you bet AU$1 at 3.00 odds, winning will mean AU$3 in your pocket. It is your original dollar along with the AU$2 you have won.
There are other formats used at horse racing betting sites as well, but most will allow you to choose decimal odds should you want them, or any other of the main methods you may prefer. An unusual practice that should be explained when it comes to horse racing betting, however, is the method used to display payouts in the USA. The method is similar to decimal odds, but always assumes a $2 bet.
After a race has ended, you may see that the winning horse has paid out $6. This figure is based on a $2 bet, which would be the same as 3.00 if it were written in the decimal odds format.
Have fun with horse racing betting at the best bookmakers in Australia today!