Melbourne Cup Betting – Some Rules to keep in mind

The sports betting is all about 'Odds makers' or the 'Odds Compilers' and winning some money. Dealing in Horse racing events is quite exciting and thrilling experience which all the players enjoy. Usually, online betting is made via Sports books or Sports books and Bookmakers entities that take bets. If depends on your which horse you bet on and the result of horse races.

For placing bets, you need to work with bookies or you can use a sports book. It can be done physically or via Internet. Some bookies allow the placement of bets via phone also. To be specific, placing the bet threw sports book and threw odds maker are way too different approaches, simply accepts sports bets and the odds maker sets the betting odds.

As per the preference of the players, bets are being places and it can be single or multiple in nature. In this blog we are listing some common bets used in Melbourne Cup Betting event.

• Straight bet or Single or Win bet – Being most common of all Melbourne cup odds, here you are required to bet on a winner at given Melbourne Cup odds. If your horse wins, you get the winning money.

• Place – In this type of Melbourne cup bet, you get the gamble money if the horse selected by you finishes either first or second.
• Show – In this bet, you collect the winning money if your selected horse finishes first, second or third.
• Combination Bet – You get the money, if Combination of two to four horses wins in your chosen order.
• Quiniela or Reverse Forecast (UK) – In this type of bet, the person place bet on two horses to finish first and second in either order only then the winning money is delivered to that person.
• Perfecta or Exacta or Straight Forecast (UK) – The winning money is delivered only when two horses finish the line in the same chosen as bet placed by player.
• Jackpot - Pick six winners in six races to share in a Jackpot prize. The rules and prizes will vary from race track to race track.
  

However, winning and loosing in this online sports betting depends majorly on prior experience plus some amount of luck factor.