With Australian cup horseracing continuing its mount to the top of our country’s most-watched sports list, it’s understandable that everyone wants to get a bit of the action, and punters aren’t the only ones. Even with the rise of Internet, bookies remain an integral part of the online betting experience. There will always be risks involved, and Internet security must remain a top priority. Even just a few years ago, bookies in Victoria weren’t allowed to offer their tote odds services to punters, though the ruling has since been reversed.
Let’s take a look at bookies odds, examining what they are, what else is offered, and how they can help a punter earn the best reward for his bet.
What Cup Bookies Odds Are
It’s commonly known that odds are bookies’ report on the likeliness of a horse to win, and, therefore, how much a punter can receive if he bets on the winning horse. Bookies odds are most often shown as one number to another, or X-Y. SO, for every Y amount you bet, you win X times that amount.
Cup Bookies Odds and Betting
There are different ways to bet on horse races in Australia, and online betting via cup bookies is increasing in popularity. Bookies who are licensed for on-track betting offer their punters fixed-odds for a horse who wins or places.
Everyone, especially those new to punting, should know the many ways to bet and that odds differ among those methods. The three easies ways to bet are to win, to place, and to show. When you bet to win, your odds of winning are lower, but the odds of you receiving a higher payout if you win are higher, of course. Then, when you bet quinellas or trifectas or exactas, the bookies odds will vary with how you bet.
It’s easy to keep on top of bookies odds when you place your bets online, though. It’s simple to keep track of all the different horses and races and odds right from your computer.
Beyond Bookies’ Odds
Though bookies must fix their odds so that they can make some kind of a profit, most often they are trustworthy when setting their cup bookies odds. The convenience and ease of using the Internet is making the online gambling world very competitive. So bookies need to do more than just set the best odds to attract business and punters. In addition to the odds, charts, and tables many bookies’ websites offer there are often numerous other options and features to attract new business and set bookies apart from each other. Examples include punting guides and market indicators so you know where to place your bets; secure software so you feel that your personal account information is secure from fraud or unauthorized access; in-running betting, letting you bet while the race is going on, right until it finishes; credit limit facilities, offering you credit to play with, even if you have no money in the bank; and best of three totes and bookies starting prices, offering the top odds for any given race and making it simple to see what horses are being backed.
In addition to their bookies odds, many online bookies will also give you percents off costs and more money to play with just for signing up for their websites and services.
Comparing Bookies Odds
Sure, it’s beneficial to have a good rapport with your bookies so that you can get their best odds and get yourself a step ahead of the other punters out there trying to figure out the difference in different bookies’ odds. There are many factors to consider when comparing bookies’ odds, and one of the most basic is their location. Even with online bookies, who may not have a specified "home base," it’s likely your best bet to use one that’s based in Australia when you want to bet on an Australian horse race. See, for some sports the local bookies will put the odds to favor their local teams, and when it comes to Australian horse racing, it’s never clear whether this is a benefit or not, as we have so many international horses and worldwide participants with a stake in the action. But when you have a good rapport with your bookies, they may even let you wager more on one side of the odds, if they’ve got a lot of bets placed on the other. It all relies on maintaining the best rapport with your bookies and thereby getting the best cup bookies odds.
Bookies Odds Types: Fixed-Odds and Parimutuel Betting
Some very common ways to gamble on horse races are through fixed-odds gambling and Parimutuel betting. As its title conveys, fixed-odds betting simply means that the bookies’ odds are fixed. Parimutuel betting means there can be betting pools or just cup bookies who also take bets, and then they pay out in accordance with the betting pools. With parimutuel betting, though, the bookies pay out either when they take your bet or at the median odds that track bookies offer when the race starts.
Conclusion
You don’t have to be the winning horse, jockey, or owner to get a piece of the horseracing cup payout, and you most definitely don’t have to chase the thousands of other spectators onto the racecourse just to get a distant glimpse of the contenders. Online bookies post their odds on their websites along with all the other information you could want, like records and statistics. If you’re lucky, you just may pick a big winner based on bookies odds all with a few simple clicks on your keyboard! It’s never been easier to keep track of bookies’ odds and place your bets for the winning horse.
