Every spring Melbourne cup millions of Australian punters and horse racing fans around the world invest millions of dollars in the Melbourne Cup race,betting their money in hope for a big payout!
Many have their own secret systems and strategy and even maths formulas to strike it lucky but a majority of the punters who have never bet in the year decide to just have a go and see if they can strike it rich.
The 2013 Melbourne Cup isn’t run until Tuesday 5 November 2013 that is the first Tuesday of November every year and the Melbourne Cup betting markets are open until the race.
How to place Different kind of bets for the Melbourne cup 2013
You place a bet amount on a horse to win and if that horse wins you get the odds for that horse eg. 1 place on horse with $20 odds, you get $20
Win or place bet
This is also called the each way punt. This is a win and a place bet on a particular horse, both of equal size. So, $20 each-way is a $40 bet – $20 on the win and $20 on the place.
In a quinella bet you can pick two horses to either get a a win or a place among the first and second winning horse
In trifecta you can pick the first three horses to win and pick them in exact order to win better odds. The horses you select must finish first, second and third in the exact order you pick them, and the chances of doing this aren’t very high.
The exacta requires punters to pick two horses to finish first and second, in that exact order. This bet is a variation of the quinella bet ,but pays out more due to being an exact bet.
The box Bets
The box bets give you the chance to have more horses in your bets to win
Say for instance you want to bet on on 5 horses who you think might take 1stplace you can do it with a box bet.
There is also the box trifecta which lets punters choose any number of horses from three to the field limit and covers every trifecta combination.
FIRST 4 Bet
The First 4 requires you to select the first, second, third and fourth runners in a race, in the correct finishing order. Like Trifecta, First 4 can be Straight, Standout, Box or Roving Banker
Available on Quinella, Exacta, Duet, Doubles, Trifecta, First 4 and Quaddie. A multiple bet is where you pick more than one runner in each leg of the bet.
Available on Quinella, Exacta, Doubles, Trifecta, First 4, Quaddie and BIG6. Flexi betting allows you to nominate the total amount you would like to spend on your bet, so you can include as many selections as you like at an outlay that suits your budget. If your bet is successful, you will collect a percentage of the full dividend.
Parlay Formula bet
A Parlay Formula is a bet which involves parlaying your winnings from one race into one or more other races. To parlay means to create a single bet that links together two or more individual bets and is dependent on all of those bets winning together.
You can have a Parlay formula on a minimum of two and up to a maximum of six races, and you can place a combination of Win, Place, Win & Place or Quinella bets. You can expand your options by parlaying your bets over 2, 3, 4, 5 or 6 races using a Formula Number, which means you do not have to be successful in every leg to be a winner.
Note: Minimum Investment of $0.50 (50 cents), your Bet Percentage must be 1.00% or greater.
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