The Caulfield Cup
In the world of sports betting, horseracing is certainly one of the biggest betting markets in New Zealand. A major horse race can attract thousands of visitors and millions of viewers from around the world. For Kiwi punters, the Caulfield Cup is one of the biggest thoroughbred horseraces outside of New Zealand. Held on the third day of the MRC Spring Carnival in Melbourne, the Caulfield Cup is considered to be Australia’s richest horserace with a whopping $3 Million in prize money.
The race itself is a thoroughbred race for three-year-olds and over, although the MRC is wanting to change it to a weight for age race. The race is run over a distance of 2400 meters at Caulfield Racecourse in Melbourne. The field is made up of 18 runners with four emergencies. As well as local entrants, the Caulfield Cup runners travel through from New Zealand and Europe to take part. Winning the Caulfield Cup grants the runner immediate entry into the prestigious Melbourne Cup. Due to the race’s high class of runners, the Caulfield race is also a good indicator of how a horse will perform in the Cox Plate and Melbourne Cup.
Betting at the Caulfield Cup
For online betting purposes, the Caulfield Cup provides punters with plenty of betting opportunities. For the novice bettor, probably the easiest bet to place is a straight win. This simply involves picking the winner of the feature race. In the weeks leading up to the race, there will lots of talk, speculation and analysis on which horse is tipped to win. Checking out the Caulfield Cup odds can also be a good indicator of which horse is expected to win or place.
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In addition to a straight win bet, punters can choose from a number of straight or exotic Caulfield Cup bets. A placing bet is another simple bet where a punter simply chooses a horse to finish in the money. This could mean placing anywhere form first through to fourth place. While not as lucrative as an outright win bet, a placing bet does give a punter a better chance of landing a winner.
Exotic Horse Bets
Another bet which is quite popular at the Caulfield Cup is an each way bet. This is a combination bet of a win and a placing. So not only do you pick a winner, you also need to pick a horse to place in the money. If you are looking for something a little trickier but with a bigger payout you can try a doubles bet. This is where you pick the winner of two consecutive races in a single betting ticket. Both bets must be correct for the ticket to pay out.
There are a few other exotic bets punters can choose from including Parlay bets, exacta bets, quinella and trifecta bets. Before betting on the Caulfield Cup, it is important to do as much research as possible beforehand. The more you know about the horses, the trainers and the race conditions, the greater your chances of placing a winning bet on the day.