Some Different Bets You Can Make On The Melbourne Cup
Horse races are the most important races in Australia and Melbourne is the city where it all happens.
Bets are the biggest business and 80% of the spectators bet on these races.
Millions of dollars are spent on bets during the race time and the reasons are simple.
People want to have fun and people want to make money.
Bets allow these two things to happen.
Odds are always against people but when they see the earnings potential they let their emotions take control of their minds and go for it.
Of course that some people are not into betting just for the sake of profits, they do it for the fun and the adrenaline.
Bets with real money are the fastest way to get an adrenaline rush to any racing event.
Betting is about luck but also about statistics skills.
This is how betting houses decide which odds they are going to stake to a particular horse.
There are professional gamblers who swear they have almost 100% wins if you follow their system because they study the horse's accomplishment and based on his past performance they will calculate the chances of winning and with the right combination of bets, you can make money.
Bets are the main source of revenue for horse racers who managed to get a deal to advertise a particular betting house.
Racers who win races not only get the money prize, but they also get nice advertising deals from many type of advertisers.
The first thing you need to understand about horse bets is how they work.
The most famous way to see how much you can make is to look at the odds and check its number.
If you see a odd of 4:1, then if you bet 100$ on that horse, you can lose 100$ if the horse loses but you can win 400$ if the horse wins.
This system looks perfect.
The smaller the chances of a horse to win the race, the bigger the odds.
There are horses with 20:1 and even 100:1 if the horse is an underdog.
If that horse is lucky enough to win the race, the people who bet on that horse will take home one hundred times more money than the money spent on the horse.
This is the simple betting system, there are more complex ways to bet on horses which include multiple bets at the same time.
Bets are the biggest business and 80% of the spectators bet on these races.
Millions of dollars are spent on bets during the race time and the reasons are simple.
People want to have fun and people want to make money.
Bets allow these two things to happen.
Odds are always against people but when they see the earnings potential they let their emotions take control of their minds and go for it.
Of course that some people are not into betting just for the sake of profits, they do it for the fun and the adrenaline.
Bets with real money are the fastest way to get an adrenaline rush to any racing event.
Betting is about luck but also about statistics skills.
This is how betting houses decide which odds they are going to stake to a particular horse.
There are professional gamblers who swear they have almost 100% wins if you follow their system because they study the horse's accomplishment and based on his past performance they will calculate the chances of winning and with the right combination of bets, you can make money.
Bets are the main source of revenue for horse racers who managed to get a deal to advertise a particular betting house.
Racers who win races not only get the money prize, but they also get nice advertising deals from many type of advertisers.
The first thing you need to understand about horse bets is how they work.
The most famous way to see how much you can make is to look at the odds and check its number.
If you see a odd of 4:1, then if you bet 100$ on that horse, you can lose 100$ if the horse loses but you can win 400$ if the horse wins.
This system looks perfect.
The smaller the chances of a horse to win the race, the bigger the odds.
There are horses with 20:1 and even 100:1 if the horse is an underdog.
If that horse is lucky enough to win the race, the people who bet on that horse will take home one hundred times more money than the money spent on the horse.
This is the simple betting system, there are more complex ways to bet on horses which include multiple bets at the same time.