The Melbourne Cup is one of the most popular events in the betting calendar. Betting on Horse Racing Results is something which might be traced back all the approach to Roman times, while thoroughbred racing first found Australia with the first European settlers back 1788 and Australia was quickly established as a major player in import and export of thoroughbred horses. Now, Australia has more racecourses than any country other than the US. IN fact, within 2009/2010, 14. 3 billion Australian dollars were wagered on horseracing, and it attracted crowds second only to Australian Rules football and Rugby League.
Betting on Horse Racing Results comes about at every major and minor racetrack in the country. The most common form of betting is Pari-mutuel gambling – whereby each bet is pooled into a single sum before being shared between the winners according to individual odds – with commission taken from by the bookmaker, of path. Estimated odds can be set before the race depend on the quantity wagered on each entry – the less money wagered, the higher the the probability is. Once the race has started, and the betting closed, the last odds are calculated.
There are many places to go for tips and tricks in regards to horse racing, but the biggest factor is still form. A horse who has won 7 health of their last 8 races will stand a better chance of winning than person that has come last in 7 of their last 8. Yet this can be described as very simplistic view. Another important factor is the track. Some mounts prefer a harder course, struggling as soon as ground is soft, while others may well not lose so much time as soon as ground cuts up. Of course, many other factors affect Horse Racing Results too.