Curious about which bets you should consider for the Caulfield Cup? If you’ve ever wanted to bet with the same information that the professionals have, while increasing your winning odds, this guide is for you. It has everything you should know about betting on the Caulfield Cup and being a winner.
What is the Caulfield Cup
One of the most highly anticipated horse racing events held in Melbourne annually, the Caulfield Cup is the richest and toughest handicapped horse race, that sees horses competing for fame, glory, and the $5 million prize money. The race takes place over one and a half miles (2400 meters). This turf track race goes anti-clockwise (or left-handed) and has been around since 1879.
What Bets are Worthwhile?
Before placing any bets, it pays to do as the pros do and look at the caliber of horses that are competing. They all have to win entry to the race, so do a deep dive into their past performances and see which ones have the best odds in their favor. Once you have narrowed down your chosen horses it’s time to look at the best worth making.
- Win bets
Win bets are where you place a decided vote in favor of a specific horse winning. In short, you place your stake on your chosen horse to outright win the Caulfield Cup. It’s a great payout if you’re right.
- Place bets
One of the top bets for both professionals and novices alike, place bets are bets in which you place a bet on one horse to come either first, second, or third in the Caulfield Cup. This type of bet is a good way to ‘hedge your bet’ so to speak, as if the horse places in any of those spots, you’ll get paid. This type of bet increases your odds of winning and while it doesn’t pay as much as other bets, you’ll still be getting paid.
- Each-way bets
Another of the top bets to make, Each-way bets involve wagering money, in the form of two bets, on a single horse. You pick one of the top horses and wager that they will either Win or Place in the race. You’ll find plenty of bookmakers offering Caulfield Cup odds for this market, so be sure to choose the best one. If your chosen horse does come through and win the cup outright, you’ll get two payouts. You’ll also stand the chance to win money back if your horse doesn’t win but comes in second or third instead.
- Exotic bets
For one of the best paying-out bets around, look at the exotic bets you can place for the Caulfield Cup. While these are often far riskier, their rewards are also far higher than win, place, and each-way bets. The usual exotic bets available require betters to pick between two to four of the finishing horses and are the trifecta bet (betting on the precise winning order of horses first, second, and third), the quinella bet (the first two horses across the finish line) the exacta bet (the precise order of the first two horses crossing the line) and the First Four bet (the four horses to cross the finish line in the right order).
When it comes to understanding betting, especially with the top bets that pros used showcased above, even novice betters stand the chance of improving their winning odds. By paying attention to the horse’s history you have a better chance of foreseeing their future potential.