Australian Horse Racing Betting Tips

Australian Horse Racing Betting Tips & Odds

Thoroughbred racing is Australia’s most popular and exciting form of betting. Aussies love having a punt on the horses, and there’s no better way to bet on horse racing than online with your computer at home. You can get much better odds than the TAB, there’s no traffic or parking to worry about, no lines or queues to stop you from getting that last minute bet on, and there’s so much information available at your fingertips from detailed online form guides to free tips and the lastest mail from the track, making online betting a much easier and extremely more profitable way to bet on the horses.

Free Betting Tips for Horse Racing Punters

Most people will often use the odds instead of the form guide as their main indicator of a horse’s chance of winning any particular race. This is one of the absolute worst ways possible to tip a winning horse. What you get here is a case of the blind following the blind, or what some marketers trying to sell you a fool proof software or betting system which allows you to “follow the smart money“, in reality this couldn’t be further from the truth and what you are actually doing when “following the smart money” is the exact opposite.

Betting Based on Odds is Like a Lottery, The Odds Are Against You And You’ll Probably Always Lose

I will use an analogy here which you may find helpful. Just like a stock market, TOTE’s and online bookmakers adjust their sports betting and horse racing odds based on the amount of money flowing into the betting pool. Think of a horse’s odds like a company’s stock price. Now, imagine a massive stock market trading room where people all over the country are either there in person, or watching the markets move over the internet via a a big live streaming odds screen. Now, imagine what would happen if some news came through that a favourite had just been seen acting lethargic before the race, akin to a company releasing a lower than expected quarterly profit report.

A lot of people would panic and sell their shares, which would cause the stock price to fall in the short term – then, people would see that fall and sell because others are selling, causing a snowball effect which isn’t really based on any reality. There could have been a pefectly good reason for the lower than expected profit report, maybe the company had spent a large sum on R&D, or perhaps sales had slowed due to something outside of the companies’ control. Of course, this “news” may have been made up in the first place.

The point I’m trying to make is that watching a horse’s odds shorten rapidly or drift suddenly by a few tens of cents could happen for any number of reasons. Perhaps a single large bet was placed by one of the bigger online bookmakers on a certain runner in order to cover their bases in case a certain horse had been backed heavily on their website, maybe a large punter or the owner of the horse dropped a large sum of money on one of their horses, or any other number of reasons. On the stock market floor, you’d probably hear screams of “SELL, SELL, SELL!” and the punters would be jumping over each other trying to offload their shares (bets) and buy another horse, pushing that share’s value up (or that horse’s in my analogy) simply because of the single large bet placed by a bookmaker in my scenario listed earlier.

I know, this isn’t a perfect analogy, but there are definitely some similarities to the stock market and horse racing. Surely you get my point.

Overs, Unders and Odds That Are True

The odds of a horse should only ever affect your bets when deciding whether or not the odds are overs, meaning that it represents good value, or unders, which I’m sure you can gather means the exact opposite. Even if the horse you are thinking of betting on has the best form, the best jockey, the best preparation and literally the only thing that could happen in order for that horse to not not win would be the jockey falling off the damn nag, if that horse is paying $1.05, then you would not be a smart punter if you chose to risk your entire bankroll on that one “sure thing”. First of all, when it comes to racing there is nothing that is a “sure thing” except for the fact that sure things often end up losing.

There are a lot of specific tips you should consider before placing any bet. Firstly, and most importantly, can you afford to lose? If the answer is no, stop reading now and find another hobby. Never bet your entire bankroll, or even a large percentage of your bankroll on a single horse race. Strange things happen in races, and I have seen a lot of strange things happen which have turned certain winners into another hard luck story.

Practical Tips for Winning Money on Horse Racing

Always Keep Track Of ALL of Your Horse Racing Bets

Keep track of your bets so you know how you are performing in reality, not just with your memory which has a habit of forgetting bad losses and romanticizing and sometimes even exaggerating your winnings. I find that using a simple spreadsheet is the easiest way for myself to keep track of horse racing bets, if you are proficient with computer spreadsheets you can create some really amazing betting trackers which keep track of everything from your online bookmaker accounts, your credit limits, winning bet percentage, average win/loss per day/per bet etc. But really, all you need to start with is a piece of paper and a pen. There are also numerous mobile phone apps, dedicated computer software programs or any number of other methods for keeping track of your horse racing bets.

Become a Better Bettor Than 50% Of All Gamblers Today

The single best tips I can give you when it comes to betting on anything, but especially horse racing is this: If you consistently make smart bets, never chase your losses and treat each bet as its own and on its own merits, you will start to become a much more succcesful punter than the majority of the population. Never bet more than you can afford to lose.

The Favourite Bet Fallacy, Betting on Favourites

Australian horse racing Favourites win horse races less than you would believe, it’s somewhere in the vicinity of 30%. When you consider that favourites in Australian horse racing usually pay anywhere from $1.10 on the very low end to maybe $4 on the high end with most favourites paying around $2, you should be able to use simple maths to understand that it’s never going to be profitable to be on the favourites every race and expect to win.

IF you follow these free tips, you’ll already be doing much better than the majority of Australian horse racing punters.

Good Luck, and Happy Punting!

Latest Horse Racing Betting Posts

Sorry, an error occurred.

  • Final 2017 Melbourne Cup Field & Results Friday, 3 November 2017
    Final field of starting horses and their jockeys, trainers and barrier numbers for the 2017 Melbourne Cup. Once the Lexus Stakes is completed, the complete field for this years nation-stopping race wa. […]
  • 2016 Melbourne Cup Betting Odds & Free Tips Tuesday, 1 November 2016
    Free Tips for Betting on the 2016 Melbourne Cup Read my free tips for betting on the Melbourne Cup. Some examples are: Bet on horses who have proven their ability to race over long distances. IMO, the. […]
  • 2016 Coolmore Classic Race Results Saturday, 12 March 2016
    That’s a wrap for the 2016 Coolmore Classic, a classic one at that. My tips fared ok, finishing 1st, 2nd, 4th and 6th but I missed out on the trifecta which was my best bet. The quinella paid over $30. […]
  • Newmarket Hcp & Australia Cup Fields Friday, 11 March 2016
    The Autumn Racing Carnival is now in full swing and 2016 is set to have some massive horse races over the coming months of Autumn. Usually, the Spring Racing Carnival steals the limelight, but there a. […]
  • Coolmore Classic Betting Tips & Odds Table Friday, 11 March 2016
    The Coolmore Classic is the $600,000 Group 1 race that thousands of keen punters will be having a punt on this Saturday in Sydney at the famous Rosehill Gardens racecourse. The Coolmore Classic is Rac. […]
  • 2015 Melbourne Cup Fixed Win Betting Odds Sunday, 1 November 2015
    It’s the Australian horse racing event of the year, the 2015 Melbourne Cup. Millions of viewers from all over the world will be watching the race live as it streams into homes, pubs, clubs and televis. […]
  • 2015 Blue Diamond Stakes Betting Odds Thursday, 26 February 2015
    Victoria’s richest race for two year olds is on this Saturday the 28th of February, 2015 at 5:50PM. The Blue Diamond Stakes is held at Caulfield Racecourse and has a prize purse of $1,000,000 AUD. In. […]
  • 2014 Melbourne Cup Betting Odds Comparison, Free Tips, Final Field & Barrier Draw Monday, 3 November 2014
    The 2014 Melbourne Cup is racing tomorrow, Tuesday the 4th of November at 3:00PM AEST. Here are the best odds available from Australia’s top online bookmakers this year. Final Melbourne Cup Field, F. […]
  • 2014 Victoria Derby Betting Odds & Tips Friday, 31 October 2014
    The 2014 Victoria Derby, sponsored by AAMI is just around the corner and the VRC Derby Day is a great day for racing in Australia, with plenty of the world’s best thoroughbred horses racing througho. […]
  • 2014 Caulfield Cup Betting Odds Thursday, 16 October 2014
    This Saturday, all eyes will be on the 2014 Caulfield Cup. This is one of the races to watch closely if you’re interested in betting on the Melbourne Cup, as the distance of 2,400 metres is a great. […]

Latest Australian Horse Racing News

  • Winx: Australian champion sets world record of 17 Group One wins Tuesday, 17 April 2018
    Winx, ridden by Hugh Bowman, powered to victory to break a 24-year-old world record Australian champion mare Winx has set a world record of 17 wins at flat racing’s Group One level with victory in the. […]
  • Horse racing: Australian mare Winx eases to record-equalling 25th straight win Sunday, 15 April 2018
    (Reuters) – Australian champion mare Winx cruised to a record-equalling 25th consecutive victory with a dominant performance in the Queen Elizabeth Stakes at Sydney’s Randwick racecourse on Saturday. […]
  • Unforgotten takes out 2018 ATC Australian Oaks Saturday, 14 April 2018
    Sydney’s premier trainer was also unfazed when Hiyaam beat her in the Group One Vinery Stud Stakes (2000m) and a fortnight later Unforgotten turned the tables in style at Randwick to claim the $1 mi. […]
  • Winx wins again and matches Black Caviar record Saturday, 14 April 2018
    Champion racehorse Winx wins her 25th race in a row, beating Gailo Chop in the Queen Elizabeth Stakes at Randwick, and equalling Black Caviar’s streak.
  • Sport at its best when it transcends the single-minded pursuit of victory Friday, 13 April 2018
    You might not have believed it from the actions of our cricketers, but the Commonwealth Games has helped prove sport is about much more than celebrating individual supremacy in a field of the most abl. […]
  • Australian Oaks Results and Replay – 2018 Friday, 13 April 2018
    Just Horse Racing provides readers with the best Free Bet offers available at every online bookmaker in Australia during the… Champion mare Winx will be out to match Black Caviar’s famous record o. […]
  • Unforgotten favourite for Australian Oaks at Randwick Friday, 13 April 2018
    Chris Waller is looking to Unforgotten’s pedigree to reinforce his belief the talented filly can justify her favouritism for the Group One Australian Oaks at Randwick. Waller pointed to the three-ye. […]
  • Metal stakes found at Kilmore race track ‘put there to create chaos’ Thursday, 12 April 2018
    Police are investigating after metal stakes were discovered on a country Victorian race track in the hours before a mid-week meeting was scheduled to begin.
  • 2018 Australian Oaks Form Guide & Betting Preview Wednesday, 11 April 2018
    Horse Racing Tip Luvaluva is out to do the Adrian Knox – Australian Oaks double for the first time since Royal Descent (2013) Horse Racing Tip New Zealand-trained fillies have a gun recent record in. […]
  • Australian Oaks nominations – 2018 Sunday, 8 April 2018
    Just Horse Racing provides readers with the best Free Bet offers available at every online bookmaker in Australia during the… View the results and replay for the 2018 TJ Smith Stakes. The TJ Smith S. […]
  • Levendi wins Australian Derby Saturday, 7 April 2018
    A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network. […]
  • Champion mare Winx claims world record with 17th Group One win Saturday, 24 March 2018
    Champion mare Winx has claimed a world record in Group One racing after taking out the George Ryder Stakes at Rosehill. It’s Winx’s 17th Group One victory and her 24th win in a row.

Other Australian Horse Racing Sites