Understanding how to read horse racing odds is typically the biggest issue that faces punters that are looking to place a wager on the biggest meetings. However, it doesn’t have to be that confusing, as finding the horse racing best odds is extremely straightforward.
Finding the best value for the biggest events revolves around finding the best horse racing odds, and it could have a significant impact on the amount you win. But, if you are new to the sport, how can you ensure that you get the best possible Cheltenham betting odds and Royal Ascot odds?
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What are horse racing odds and how are they decided?
Horse racing odds are simply the value that you can get back should you bet on a horse and it crosses the line first. The odds are simple to understand. For example, should you like the look of a 10/1 chance, and you put £10 on that selection then you will win £110 back if it wins.
That is because the 10/1 odds are the price that you have selected, and you will also get your £10 stake back too. The horse racing best odds are determined through the use of the ratings and recent form.
If a horse is in tremendous form over its last five starts, then they will start at a much lower price than a runner that hasn’t won in five. The recent history on that track will also have an impact on the odds.
For instance, if a horse has won on their last three starts at Aintree, then their Grand National odds would be lower since they have shown that they perform to a high standard on that specific racecourse.
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Horse racing odds on major events
Throughout the horse racing calendar, there are specific events that punters earmark as occasions when they bet.
These events even get mainstream attention, which means that those people that wouldn’t typically bet would also wager their money when these meetings come around. But, what are the biggest events that you can expect to find on the calendar?
Melbourne Cup Betting Odds
Melbourne Cup is the race that stops a nation, for more information about the betting odds of this major group 1 horse race in Australia, check our page dedicated to Melbourne Cup odds. The Melbourne Cup is the biggest horse racing event in Australia, and one of the most popular horse races in the world
Grand National Betting Odds
One of the biggest betting events of the year takes place at Aintree in April. There are 40 horses that lineup to take on the four-mile course, and it has been a mainstay on the British sporting calendar since 1839.
It is one of the biggest betting occasions of the year with punters around the country looking for horse racing odds today. Click the link to get more information about Grand National odds.
The betting is competitive, and most of the horses in the race have a realistic chance of winning. The 2020 edition of the race would have seen Tiger Roll bidding to become the first-ever horse to win three straight Grand Nationals. The Gordon Elliott trained horse is the current favourite in the Grand National odds.
Cheltenham Betting Odds
The week-long festival in March is the four days that most jump racing fans keep an eye out every year. The very best horses meet up for this event and punters track their runners throughout the entire season to get the best possible value. Click the following link to get more information about Cheltenham odds.
The horse racing odds today are the best time to get value on these races, as the prices on the leading chances lower with every passing week as the festival grows closer.
Royal Ascot Betting Odds
The flat season takes centre stage over the summer months, and one of the most prestigious events comes from Royal Ascot. A selection of the leading flat horses take to the stage, and the stars come out to witness all the action unfold. Click the following link to get more information about Royal Ascot odds.
The British traditions are huge at Royal Ascot, and the Queen frequently visits throughout the week. One of the most competitive live horse racing odds markets for this week revolves around the colour of the outfit that the head of state will wear.
Betting Odds on the Triple Crown in the United States
Kentucky Derby horse race in Louisville, Kentucky, United States: click here to get more information about Kentucky Derby odds. You can become the Triple Crown winner, if your bets win all three horse racing events in the US – Kentucky Derby, Belmont Stakes and Preakness Stakes.
Belmont Stakes horse race at Belmont Park in Elmont, New York: click here to get more information about Belmont Stakes odds. You can also learn more about the Belmont Park results as well as some predictions related to the last leg of the hunt for the Triple Crown.
Preakness Stakes horse race at Pimlico Race Course in Baltimore, Maryland: click here to get more information about Preakness Stakes odds. The odds are formed based on the performance of individual horses throughout the season.
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What are live Melbourne Cup horse racing odds and where can I find them?
Betting in-play is one of the biggest evolutions of sports betting in recent years. However, due to the quickness that horse racing meetings go at, it could depend on whether there are live horse racing odds.
Live Betting Disclaimer: Please note: due to the Interactive Gambling Act in Australia, any form of live betting cannot be conducted online. Play betting can only be conducted via telephone.
Many of the markets open a year in advance, which means they are live for 12 months. However, betting in-play is less common, with the Grand National one of the races that you can bet in-play on.
Guide to betting on horse racing
- Find the best sportsbook – Finding the best place to make your Melbourne Cup horse racing wagers is the first issue that punters should address. You should examine the markets that they offer.
- Sign up – Once you have found the ideal sportsbook, then you should sign up. You will be asked to put in your name, address and payment method.
- Finding a market/bet – After you have confirmed your account, you can make your first bet. You can explore the different markets before making your wager. You can look at building a longer bet such as an accumulator or a lucky 15. Individual race bets such as picking the winner, or placing an each-way bet on a runner are also hugely popular.
- Place the bet – Once you have decided on the bet that you want to make, then you can place the wager. Remember you may need to put down a larger stake depending on the bet you have selected. Next, select ‘place bet’ and watch the action unfold.
Can I have multiple betting accounts?
By all means, you can. Sometimes you will have to swap accounts to get the best value on your bet, so it is always worth having a little bit of money in your commonly used accounts.
Should I always bet on the favourite?
Some punters do prefer this tactic because favourites are just that for a reason. However, especially with jump racing, different variants can alter the course of the race, and adequate research must be done before placing any bet.
