The Cox Plate
In New Zealand, thoroughbred horseracing provides a multitude of betting opportunities including basic and exotic bets. One of the biggest thoroughbred horseraces in Australasia is the Cox Plate. Perfectly sandwiched between the Caulfield Cup and the Melbourne Cup, the Cox Plate is considered to be one of the best weight for age races across the Tasman. Visitors from all over the world fly into Australia to attend the race while millions of punters place bets on the results.
The Cox Plate is a group 1 thoroughbred horserace for three year olds and over, held at the Moonee Valley Racecourse in Melbourne. The race is run under weight for age conditions over a distance of 2040 meters. The origins of the race date back to 1922 when the club committee created the race in honour of the founder of the club, Mr William Samuel Cox. The first every Cox Plate race was held in 1922 with a total prize money of 1000 pounds. The race was won by the imported stallion Violencello who won the Caulfield Cup in 1921.
Betting at the Cox Plate
The Cox Plate is considered to be Australia’s second richest weight for age race with a total prize money of $3 Million. For kiwi punters, it provides the ideal betting opportunity for both novice and experienced horse punters. For first time punters, the Cox Plate betting odds will give you an indication of which horses are tipped to win the race. Horses with the lowest odds are favoured to win while horses with much higher odds are considered a longshot. For the past two years, Winx has won the race with odds of 4.6 in 2015 and odds of 1.7 in 2016.
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Basic Cox Plate Bets
If you are new to horseracing betting, the best way to start is to place a simple win bet. This involves picking the winner of the featured race. Any punter who put a bet on Winx to win in 2015 would have won a total of $4.6 for every $1 they bet online. This means that if a punter bet $1000, they would have received a payout of $4600. A slightly easier bet would be a placing bet. This is where a punter picks a horse to place anywhere in the money. This means in any position from first to third.
Exotic Racing Bets
Placing bets pay out less than standard win bets but they have a greater chance of winning. For punters looking for an even higher payout, exotic bets are the way to go. With Cox Plate betting, exotic bets can include each way bets, doubles, trebles, parlays and exacta bets. Doubles bets involve picking the winner of consecutive races at the event. Both bets have to be correct for the ticket to pay out. An each way bet is a combination of a win bet and a placing bet. In this case a punter would need to predict the winner of the race as well as a horse to place in the money. A triple bet is where a punter accurately picks the winner of three races at the same event.