Thoroughbred horse racing is a famous sport in Australia, and the event is heavily gambled on. It has recorded betting over $14.3 billion in a single span and has always remained a favorite pastime for the people Down Under.
Australia has the second-highest number of horse races in the entire world. However, there are specific rules you should follow if you are to bet on thoroughbred horse races. You can find out more about them on sites like bluebet.com.au.
Here are some things you should know about the racing bets in these events.
1. Grass Racing
The first thing you should know about thoroughbred racing is that it is held on grass. It might be surprising, considering most horse races around the world are held on a dirt track. This is what makes thoroughbred racing so unique, and you must find out more about this kind of racing and the turf conditions before you start betting. Since grass is the natural habitat of a horse, Australians prefer their horses to be in their elements as much as possible.
2. Turf Conditions
When a horse runs on dirt, it tends to run faster at the beginning of the race but slows down later. It is the opposite in the case of a grass track. Once the horses get used to the grass conditions, they tend to run faster and faster as the race progresses. If you were not aware of this fact, then it could have very different results when you bet. Research the horses, see which horses run the fastest on turf tracks when the race progresses, and place your bets accordingly.
3.Types of Betting
You can participate in horse racing in Australia in two ways. You can attend the race in person, betting on live matches, or you could place bets online. You can search the betting menu yourself and gather all the information you need before placing your bet. While placing a bet live, you need to get in touch with a bookie. They will tell you about the odds, and bookies are the people you should be getting in touch with at the end of the game.
On the other hand, if you are betting online, you need to have an online racebook account. Online betting also gives you the option of placing bets from anywhere across the globe.
4. Betting Accounts
You should properly fund this account with enough cash so that it is possible to cover the amount you want to place without resorting to your main account and risk overspending. Gambling can be addictive, and by opening another racing account, you at least have the means to stop yourself if the account is depleted. Also, since many gambling sites automatically renew bets, you could end up placing bets without even wanting to. A separate account prevents that from happening.
Lastly, you should ensure that you are racing through a legal and registered site. With over 479 racecourses in Australia and over 22,000 races held each year, it is easy to get overwhelmed if you are a first-time bettor. You can check out different websites for more information on thoroughbred racing. And you have a chance to make some good money if you end up betting responsibly and carefully.