Racing Odds

Racing odds are offered by both online bookmakers and bookies at the races so depending on whether you are betting from home or onsite, the odds you select may be different. Generally, online odds are a much better way to bet as you can research the best odds before you place any bets.

The odds are determined by the bookmakers who base their numbers on the race’s favourite horse, the amount of bets placed on each horse and their independent evaluation on each horse’s chances of winning the race. Consequently, the odds on a race can change during the day as more people place bets on one specific horse and the bookmakers wants more money placed on other horses to balance out their books.

A horse’s previous race form and the performances of all the runners in the key lead-up races are a great indication as to how each horse will perform. Also, the trends and statistics of the race’s previous winners will be analysed. For example, if all the previous winners were male, the odds of all the mares competing in the race will be extremely high as their chances of winning will be low.

In Australia, Canada and Europe, decimal odds are used and are a reflection of the payout on a successful bet and also factor in the return of the stake. For example, if one was to look at the Melbourne Cup racing odds, the racehorse Efficient may be priced at 6.50 to win the race. This means that for every $1 the punter wagers, he will receive $6.50 in return. So if he was to wager $200 on Efficient winning, his payout would be ($200 x 6.50) = $1300. This includes his original $200 wagered so the bonus amount is $1100.

Odds are often described as either long or short. If the horse has long odds, the payout is normally quite large however it is unlikely that the horse will win the race e.g. 50/1. If a horse has short odds, they would be classed as one of the favourites and have a greater chance of winning, therefore the bookmakers will shorten the odds as it is most likely that more people will bet on this particular horse and therefore there will be less of a payout e.g. 2/1.

Lastly a tip for all novices, it is better to place bets on the favourite horse earlier on and later for the remaining horses. The odds for the favourite will get shorter the closer to the game/race, making the payout smaller. The opposite will happen for the other horses; the odds will get longer and as result, the payout will increase.

To find more information to compare betting odds for horse racing please visit our partner site.

Spring Racing

Ladbrokes Cox Plate 2021 Nomin...

2021 Caulfield Cup Nominations...

2021 Caulfield Cup Nominations Attract 170 Entries

Nominations for the Caulfield Cup 2021 closed today, Tuesday August 3, with...

2021 Melbourne Cup Nominations...

2021 Melbourne Cup Nominations Draw 174 Stayers

Early entries for the Spring Cups were taken today, Tuesday August 3, with the...

Sandown Guineas 2020 Field �...

Sandown Guineas 2020 Field & Betting Update: Aysar Odds-On To Win

The punters only have eyes for one horse in the 2020 Sandown Guineas this...

2020 Zipping Classic Field �...

2020 Zipping Classic Field & Odds Update: Avilius Firming Favourite

Despite a last start failure in the Melbourne Cup the Godolphin-raced Avilius...

Horse Racing Today

2021 Caloundra Cup Day Abandon...

America’s Breeders’...

America’s Breeders’ Cup Calls WJ Healy 2021 Winner Away Game

The Ciaron Maher & David Eustace-trained Away Game was back in winning...

2021 Tattersall’s Tiara ...

2021 Tattersall’s Tiara Results: Tofane and Williams Win Again

The decision by star hoop Craig Williams to remain in Queensland aboard the...

Incentivise New Melbourne Cup ...

Incentivise New Melbourne Cup Favourite After 12 Length Tatt’s Cup Win

In his last run for trainer Steve Tregea, outstanding stayer Incentivise shot...

2021 Tattersall’s Tiara ...

2021 Tattersall’s Tiara Day: Eagle Farm Scratchings & Track Report

The action of the Queensland Winter Racing Carnival and Group 1 racing for the...

Race Results

America’s Breeders’ Cup Calls WJ Healy 2021 Winner Away Game

2021 Tattersall’s Tiara Results: Tofane and Williams Win Again

Incentivise New Melbourne Cup Favourite After 12 Length Tatt’s Cup Win

2021 Stradbroke Handicap Results: Tofane Upsets Vega One, Signore Fox Third

2021 J.J. Atkins Results: Converge Scores Third Win for Gai Waterhouse

Race Previews

Ladbrokes Cox Plate 2021 Nominations Feature 153 Entries

2021 Caulfield Cup Nominations Attract 170 Entries

Sunday’s Updated 2021 Winx Guineas Field & Odds

Stockman Odds-On In Updated 2021 Caloundra Cup Field & Betting

Grafton Cup 2021 Field & Betting: Punters After Purrfect Deal

Fields & Form

Ladbrokes Cox Plate 2021 Nominations Feature 153 Entries

2021 Caulfield Cup Nominations Attract 170 Entries

2021 Melbourne Cup Nominations Draw 174 Stayers

Sunday’s Updated 2021 Winx Guineas Field & Odds

Stockman Odds-On In Updated 2021 Caloundra Cup Field & Betting