Looking for racing tips Melbourne horse racing has a rich history in Australia and it has been in existence since 300 years ago. The sport first originated in the 1700s in English colonies and then spread to other countries.
In Australia, it became a huge hit and they were the largest spectator of the sport. The first official race was held in 1810 at Hyde Park, Sydney. After that over time, horse racing made its presence strong in Australia. With over nearly 32,000 races every year, horse racing tips Melbourne is the most sought out aspect of it.
To understand the beneficial horse racing tips Melbourne, you first need to know the different betting types on horses. There are nearly 10 betting types on horses in Australia. We will give you a brief introduction of each, one by one.
- Win betting
- Place betting
- Eachway
- Exacta
- Quinella
- Flexi Bet
- Trifecta
- First 4
- Quadrella
- Parlay Betting
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Win betting
It is the simplest betting type. For this, you back a horse to win the race. It is also referred to as on the nose or Straight Out Betting.
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Place betting
In this category, you bet that which horse will finish first, second or third. It has high chances of a payout. However, in races with only eight starters, you get a payout on first and second winners only.
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Eachway
Many opt for eachway when first starting betting because of common racing tips Melbourne. It is an equal bet on the win and place. If your selected horse wins, you win two bets and if he places second or third you get the place bet.
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Exacta
In this betting type, you need to guess the correct order of first and second winning horses.
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Quinella
It is the opposite of the above. You just need to nominate first and second winners in any order you like.
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Flexi Bet
It is designed to reduce the expensive cost of the above two bets. You can take any of the above or combo and just nominate the percentage of the full amount and you get a return on the same percentage.
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Trifecta
In this betting category, you nominate the winner, and also the second and third place in the right order. This bet is much larger than Exacta.
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First 4
As the name suggests, you get to nominate in the correct order, first, second, third and also fourth placegetter.
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Quadrella
In this betting type, you have to pick the winners of four races and can take as many runners as you like.
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Parlay Betting
If you have reliable racing tips Melbourne source then you can make multiple bets. In this way, you can bet on one selection and get a return on another at different races with special instructions.