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Horse Racing Betting – Horse Betting Australia

How Horse Racing Betting Works

Horse racing betting is one of the most popular forms of sports betting around the world. The gambling form has a strong history and has been around for centuries. The wonderful thing about horse racing is that payouts determined by how many bettors place wagers on a particular Thoroughbred racing event. This gives you the chance to win a massive stake with each event. With horse racing being as popular as it is in Australia, it would only be natural that some punters seek to find the best horse racing betting sites to make their lives easier.

We have created the ultimate online horse betting guide for punters who would like to get involved with the pastime. Here we provide bettors with the top horse betting Australia odds, and bets. We also have horse racing tips to use when wagering at reputable horse betting sites. It’s not going to be a walk in the park if you don’t grasp the basics like the types of horse bets. Soon, you will have all the tools you need to bet on your favourite horse at Australian sports betting sites.

Top Horse Racing Betting Sites

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Horse Racing Betting Systems

Well, horse racing betting system is what every Australian wants to know. We’ve listed some of our favourite horse racing betting systems down below. This will also help punters with horse racing betting predictions:

  • Statistical Lay – this system may seem somewhat intimidating to some but it has been proven to be quite useful. Basically, bettors need to find a race with ten or more runners. They then need to identify three favorites. They then need to pick out the runners with odds of between 3.0 and 5.8 and bet against the one with the lowest odds. Supposedly, punters should experience wins 80% of the time with this strategy.
  • Betting on Beaten Favourites – as the name already suggests, with this system, bettors focus on a favourite race that was beaten. Most bookies will raise the odds on this horse winning because it has been beaten before. However, this does not mean that they don’t stand a good chance of winning another even. Especially, if the jockey and the horse have a good history. It should be every Aussie bettors aim to fill their horse racing betting slip with underpriced horses that stand a good chance of winning an event. Focusing on a racing horse’s past performance helps make it easier to find these bets.
  • Dutching System – this betting system focuses on trying to bet on multiple different horses but ensuring that you win the same amount of money regardless of the horse you pick. The aim is to ensure that you walk away with a profit regardless of who wins. The most important aspect to focus on with this horse betting strategy is finding two or more horses with good odds that will be able to cover for other losses made.
Horse Racing Betting Tips 
We know you are excited to start betting on some horses, follow our expert horse racing tips to get started:

  1. Choose the best sportsbook where you want to make your bet.
  2. Pick the horse you want to wager on.
  3. Select some form of a bet.
  4. Make your wager.
  5. Watch the horse race to see if you’ve won.

Types of Horse Racing Bets

When horse racing betting online punters have different types of horse racing bets. While there are many standard bets you can make that are available in pretty much any sport, there is also a list of bets (known as exotic bets) that are exclusive to a horse race. We’ve listed the different types of horse racing bets available down below:

When horse racing betting online punters have different types of horse racing bets. While there are many standard bets you can make that are available in pretty much any sport, there is also a list of bets (known as exotic bets) that are exclusive to a horse race. We’ve listed the different types of horse racing bets available down below:

Standard Horse Racing Betting Bets

  • Fixed Odds/Moneyline – online betting on a singular horse to win a race. The most common type of bet.
  • Starting Price – bets made at the average odds of on-course bookmakers at the start of each race. The price is only revealed after the race.
  • Top Fluc – these bets are available up until about 30 minutes before each race. Basically, odds fluctuate on the basis of betting patterns.

Exotic Horse Racing Betting Bets

  • Quinella Bet– bettors pick two horses to come first and second. If the two horses finish in first and second position in either order, the bettor wins the wager.
  • Exacta Bet – bettors pick two horses to end first and second place. If the two horses finish in the correctly predicted positions, the bettor wins the wager.
  • Trifecta Horse Racing – exactly the same as an Exacta bet, except with three horses instead of two.
  • Boxed Bet – bettors make multiple exacta or trifecta bets on different sets of horses to increase their odds of winning. Beware, this is quite expensive to do.
  • Quadrella Bet – these are the hardest bets to win but may prove to be quite lucrative even when wagering with small amounts. Bettors select four horses to win four different races at a particular meet.
  • Horse Racing Betting First Four – bettors attempt to predict which horses will land in the first four positions of a race.

You should now be familiar with common betting horse racing terms.

Horse Racing Odds

The best horse racing odds are the one way to make a profit from horse racing today. Making bets based on the best horse racing odds is the right way to place wagers. Like a general with all sports betting, before placing any wager, you need to shop around for the best horse racing odds out there. There are a ton of different sportsbooks that offer varying odds of the same race. You are only doing yourself out of some potential winnings by not taking the time to have a look at which site has the best odds for the event. We can assure bettors that all sites included on offer some of the top odds for an event.

The next thing we urge Aussie punters to focus on is doing their research on events so that they can find a site that has undervalued a particular competitor. By betting on a competitor that has been strangely been given terrible odds, punters increase their chances of winning big sums of money. Remember that there are different types of horse racing events too (for example, harness racing, endurance racing, maiden racing, etc.) which could affect a competitor’s performance.

Top 10 Popular Horse Racing Events

Popular horse racing events have a huge presence in Australia. The nation is known for their strong love of horse racing. If you’re keen to bet on live horse racing events, be sure to mark these events on your calendar:

  • Victoria Derby – is also called the AAMI Victoria Derby. It happens at the Flemington Racecourse and is filled with wonderful events that provide ample opportunity to place lucrative bets.
Victoria Derby Horse Race
  • Melbourne Cup – no event is as prestigious on the Melbourne horse racing calendar as the Melbourne Cup though. Every year bettors from around the country flock to the city to watch the nation’s best go at it at Flemington Racecourse.
Melbourne Cup Horse Race
  • NSW Horse Racing – many events take place every day in New South Wales. The Sydney horse racing calendar is filled with big money races to bet on. We recommend making sure you attend the TAB Everest at the Royal Randwick Racecourse to ensure that you have a life-altering experience.
NSW Horse Race
  • Queensland – not to be left in the dark, racing is alive and well in Queensland. There are a few events on the Brisbane horse racing calendar no Aussie punter can afford to miss at the Doomben Racecourse – the Kingsford-Smith Cup and the Doomben Cup.
Horse Races in Queensland
  • The Golden Slipper Stakes – is hosted at Rosehill Gardens Racecourse. It is a race that takes place over 1,200 meters by Australian Turf Club Group 1 Thoroughbred for horses that are two years old.
Golden Slipper
  • Western Australia – the legendary Ascot Racecourse is home to many of the most exciting horse races in the West. Some events we suggest you look out for include the Kingston Town Classic and the Railway Stakes.
Western Australia Horse Races
  • Queen Elizabeth Stakes – this is a thoroughbred horse race for 2000 meters which takes place in Randwick Racecourse.
Queen Elizabeth Stakes
  • South Australia – the Morphettville Racecourse is the only race track in South Australia. It is home to several daily events that may prove to be lucrative for avid bettors.
South Australia Horse Racing
  • Tasmania – in the isle state of Australia, the most popular racing event is that of the Launceston Cup that is raced every year at the Launceston Racecourse. With a modest prize pool of AU$250 000, it is no surprise it’s popular.
Tasmania Horse Racing
  • Kenny Oaks – is also referred to as the VRC Oaks and a three-year-old thoroughbred horse race. It is run at Flemington over 2500 meters.
Kenny Oak Horse Racing

Check Out Our Other Horse Racing Pages

  • All-Star Mile
  • Doncaster Mile
  • Golden Slipper
  • Kennedy Oaks
  • Melbourne Cup
  • Racebooks
  • Victoria Derby

Online Betting FAQs

Is horse betting illegal?

No, horse betting is not illegal in Australia. It can be against the law in other states.

How do you bet on horses?

AU punters need to know the racetrack they want to bet on, the number of races that you’ll wager on. Then you can bet on standard or exotic horse racing bets. These categories have other bets that punters can explore such as moneyline and exacta bets.

What is a good racehorse?

Thoroughbreds with high withers, a short back, deep chest, a suitable head on a long neck and longs legs on a healthy body

Can you make a living betting on horses?

Yes, there are many people who make a reasonable income while horse betting.

What is the best way to bet on horses?

Punters can bet on two horses at the same moment. The quinella and exacta bets allow punters to do this.

What is the best horse racing website?

BetOnline Racebook, Bovada and 5Dime are amongst the best sportsbooks.

What is horse betting called?

A wager to win or it’s called a straight bet.

Is horse racing betting profitable?

Horse betting can be profitable for bettors, who research and have a budget.

How can you win horse racing wagers?

All punters have to do is bet on a horse they think will win. When your horse wins you also win.

Do racehorses know they are in a race?

The horse may not really understand the excitement of winning, they can sense that people near their surrounding are excited.

Check Out Our Other Sports Betting Guides