Australian horse racing betting guide in 2023
You may be wondering what the significance of Australian horse racing betting in Canada is? Well, some of the sport’s most valuable events take place Down Under such as the Melbourne Cup.
Our guide will take you through the best betting sites, how odds work, a brief history of Australian horse racing and more.
Top horse racing betting sites in Canada
- Dozens of sports to bet on
- Dedicated sports betting app
- Specific esports promotions
- FAQs section is lacking
- Lowest margin sports odds
- Dedicated esports section
- Multi View live betting option
- Lack of bonuses & promos
- No horse racing betting
- Win Rate: 97.17%
- Payout Speed: 24 hrs
- Very modern sportsbook
- Low bonus wager requirement
- Personalized sports betting
- Promotions aren’t so regular
- Games: 1,500+
- Win Rate: 96.20%
- Payout Speed: 1-5 days
- Mobile apps for Android and iOS
- eSports betting markets
- 24/7 live chat
- Poor VIP program
- Live chat only in English
- Not many payment methods
- Large sports betting selection
- Dedicated sports betting app
- Huge selection of promotions
- No live chat support
- Refer-a-friend bonus offer
- Stylish sportsbook design
- Separate racebook section
- Few esports betting options
- 1,000 daily sports events
- Dedicated esports section
- 24/7 customer support
- Limited VIP program
- Leading sports odds
- Fast and easy to navigate
- Daily promos & free bets
- No live streaming available
- Big variety of sports markets
- Award-winning mobile app
- Great sports betting promos
- Slightly confusing sports page
- Multiple live betting options
- Very appealing site design
- Quick payout times
- Deposit & withdrawal fees
- Customer support is not 24/7
An introduction to horse racing in Australia
Before we get on with our guide, the first port of call is to set the scene. Here are some key facts about horse racing in Australia:
The Australian racing season is different to that in the Northern Hemisphere
They refer to springtime during the fall in Canada and North America
Horse racing is administrated by the Australian Racing Board with each state abiding by the Rules of Racing
Besides Thoroughbred Flat racing, there is also harness racing and some steeplechases
The first recorded arrival of horses in Australia was back in 1788
Horse racing built up in and around Sydney by 1810 with other major cities following suit in subsequent decades
Major events in Australia include the Spring Carnival at various racetracks in Victoria
In and amongst those is the Melbourne Cup, a very valuable Flat staying handicap, known as ‘the race that stops a nation’
The Everest at Randwick near Sydney in New South Wales, meanwhile, is one of the world’s richest sprint races. Racehorses owners have to buy a place in it
Record-breaking mare Winx has done wonders for advertising Australian horse racing in recent years
How Australian horse racing odds work
Ever wondered how Australian horse racing odds work? We can help by explaining it all.
Let’s look at an example:
Seven multiple winners of W. S. Cox Plate, one of the most famous Australian races run at Moonee Valley, meet in a fantasy race. Winx is the favourite in the betting because she’s the shortest price.
In order to win $ 1, a stake of $ 2 is needed. Such a bet on Winx gives total returns of $ 3. Sunline is next in the betting and so on right up to Chatham.
That horse is the outsider of the field. A $ 2 wager at that price returns $ 68 – of which, $ 66 is profit.
Decimal odds are the most common way of expressing prices for Australian horse racing betting in Canada. Fractions are used on British and Irish based sites.
If you want to know more about how such prices compare, and the American moneyline, see our Odds Calculator below:
Popular bets for Australian horse racing
Now you know all about Australian horse racing odds, the next thing is what betting options are there? These are the most popular types of wager placed by bettors:
If you want to keep things simple, then back a horse to win.Eg:Winx1.50
You can also back horses to place. The number of places available depends on the type of race and how many runners that go.
Place betting is only usually given on races with five or more horses competing. The odds won’t be as attractive as win only bets.Eg:Rising Fast2.50
When you back a horse each-way, you are putting two bets on in one. The first is to win only and the second to place. Again, the number of places available depends on the type of race and the number of runners.
A fraction of the outright win price is available on the place part of the bet. This is either a fifth or a quarter depending on how many horses are involved.Eg:Lonhro9.00
You can also pick two horses in the same race and back them to finish first and second. This is called an exacta.Eg:WinxSunline
You don’t have to specify the order if you fancy two horses in the same race. That bet type is called a quinella and is two wagers in one to cover both permutations.Eg:WinxSunlinequinella
Why not go one step beyond an exacta and pick three horses to finish first, second and third? This is called a trifecta.Eg:Winx FirstSunline FirstRising Fast Third
If you have fancies in different races, then you can combine those into one bet. These are known as multiples, because odds multiply from one winning leg of the race to the next.Eg:
Ante-post or Futures betting
Ante-post betting is available weeks and even months in advance of a horse racing event. Called futures betting in North America, chances are you’ll get bigger odds than waiting until the day of the race, but there are also risks attached.
Not only are you gambling that a horse will win, but even line-up in the race. There is no money back on ante-post and futures betting if your fancy doesn’t make it.Eg:Winx2.75
Biggest horse races in Australia
Which prestigious races are there Australian horse racing betting and odds for? Here are some of the most valuable:
- Caulfield Cup, Caulfield, Melbourne (handicap, 12 furlongs, three-year-olds and up)
- Melbourne Cup, Flemington, Melbourne (handicap, 16 furlongs, three-year-olds and up)
- W. S. Cox Plate, Moonee Valley, Melbourne (10 furlongs, three-year-olds and up)
- The Everest, Randwick, Sydney (six furlongs, any horse whose connections pay the entry fee)
- Golden Slipper Stakes, Rosehill Gardens, Sydney (six furlongs, two-year-olds only)
- Black Caviar Lightning, Flemington, Melbourne (five furlongs, three-year-olds and up)
- Australian Oaks, Randwick, Sydney (12 furlongs, three-year-old fillies)
- Australian Guineas, Flemington, Melbourne (8 furlongs, three-year-olds only)
- Australian Derby, Randwick, Sydney (12 furlongs, three-year-olds only)
- Kingston Town Classic, Ascot, Perth (nine furlongs, three-year-olds and up)
- Queen Elizabeth Stakes, Randwick, Sydney (10 furlongs, three-year-olds and up)
- Ubet Classic, Morphetteville, Adelaide (three-year-old fillies and mares and up)
Australian horse racing betting on mobile
One major development of the digital age is mobile technology. The betting industry has kept pace with this in a bid to keep gambling at the cutting edge.
Mobile Australian horse racing betting is available to you. What are the benefits of it? Let’s take a look:
- All the best Australian horse racing betting sites have developed apps for Android and Apple operating systems
- You can download these for free for your smartphone and tablet to get a streamlined gambling experience
- With betting made easier and available to you anywhere where there is internet connection, it’s very convenient
We’ve listed the below as being the best betting sites for Australian horse racing:
- Sports Interaction
Choose the race you want to bet on and horse you want to back. Add it to your betting slip, then enter your stake. All you have to do then is place the bet.
These Australian horse racing odds and bet types are the most popular:
- To win
- To place
- Ante-post or Futures betting
The Melbourne Cup is widely recognized as being the biggest horse race in Australia. In fact, Melbourne Cup Day is a public holiday in the state of Victoria, with businesses and schools closed for the day.
The 2021 Melbourne Cup will take place on Tuesday, November 2. While, the 2022 edition is due to be on Tuesday, November 1.
Since 1861, the Melbourne Cup has taken place at Flemington Racecourse in Melbourne, Victoria. The 2021 edition is no different.
Irish thoroughbred Twilight Payment won the 2020 Melbourne Cup during the COVID-19 pandemic, with no crowd allowed to attend.
Ridden by Australian jockey Jye McNeil, Twilight Payment is trained by Joseph Patrick O'Brien and owned by Australian businessman Lloyd Williams, who has won the most Melbourne Cups.