Online betting Singapore has become a popular way to earn profit while having fun. It gives people the opportunity to bet on something they are passionate about. If you are a horse racing fan, you can try gambling this upcoming 2023 Melbourne Cup.
What is Melbourne Cup?
The Melbourne Cup is among the most prominent horse races in Australia. It is the ultimate test of stamina and staying power, where horses contend to finish the distance of 3,200 metres. This competitive horse racing tournament is considered the world’s richest handicap contest, offering significant prizes to the winners.
This coming November 3 at Flemington Racecourse, Australia, the Melbourne Cup will attract 750 million horse racing fans and bettors. If you want to partake in horse race betting, here are things you should know:
History of Melbourne Cup
The Melbourne Cup’s history is rich with remarkable events. In 1861, Archer, a 16.6-hand bay stallion, clinched the inaugural Melbourne Cup. This legendary victory resulted from skilful training headed by Etienne de Mestre and John Cutts—the most renowned and respected trainers during that time. Their triumph earned them 710 gold sovereigns and a prestigious gold watch.
Fast forward to 1983, Vintage Crop became the first Irish horse to win the tournament and also the first winning horse trained in the Northern Hemisphere. This helped him solidify his performance and become more competitive in his following races.
Makybe Diva, a British-bread Thoroughbred, made history by becoming the only horse to champion the race in three consecutive years—2003, 2004, and 2005. She is the only mare to make it to the list of Melbourne Cup winners and one of five Melbourne Cup winners with more than one victory at the competition.
How much is the prize money?
In 2019, the prize money increased to AU$ 8 million. However, because of the COVID-19 pandemic, the prize money will remain at AU$ 8 million in 2023. The winner will receive AU$ 4.4 million and trophies, while the second placer will get AU$ 1.1 million.
Horse Qualifications and Criteria
Most jockeys and trainers know that qualifying for the Melbourne Cup is difficult. With its significant prize money, many great horses want to compete. From 300 to 400 nominees, only 24 horses will be participating in the final match.
The qualification system is based on a handicap system. Handicapping is a measure designed to give every horse an equal chance of winning. Those horses with greater ability can carry more weight than those with poor ability.
The handicap mark is known as the horse’s official rating. It determines how much weight a horse carries in a race. As horses progress, their handicap mark rises, allowing them to compete in different race classes.
When it comes to age, only those horses aged three and over can participate in the 2023 Melbourne Cup. If horses can show enough stamina and carry handicap weights, they can compete in the tournament.
Factors to Consider When Selecting a Winning Horse
In betting, knowledge is your best ally. Studying horses and jockeys can help you make informed betting decisions and improve your winnings. Here are factors you should consider when choosing a winning horse:
Track Record
Track record gives you a hint of what the horse is capable of. Typically, a good sign of a winning horse is its constant performance. It means that a horse should have a place in the first three placements of its recent tournaments.
Horse Form
When choosing a winning horse, you need to pay attention to the horse’s daily racing form. A horse’s form represents how fit and capable a horse performs. These records can give you a complete picture of a horse’s ability and winning chances.
Track and Weather Conditions
Different horse breeds perform betting in specific track conditions. Some excel on firm grounds, while others are comfortable in soft and heavy conditions. For example, firm tracks favour horses with speed and agility, while heavy tracks favour horses with greater stamina. Jockeys also adjust their strategies based on the track condition.
In the upcoming 2023 Melbourne Cup, it’s important to note that the Flemington track is currently rated as a “soft 5”. You might use this information to make informed gambling strategies and improve profitability.
Trainer
Another factor you should consider is the trainer. The trainer’s abilities and expertise are crucial in producing top-notch racehorses in the field. When looking for the best trainers, looking at their recent statistics and performance is a good idea.
Singapore Horse Racing Odds
Bookmakers usually provide odds to help punters in determining potential winners. Horses with lower odds are usually considered favourites, while those with higher odds are underdogs. Although betting odds are unpredictable, they can give you valuable insights to help you decide where to put your bets.
Understanding Horse Race Betting Terminologies
The 2023 Melbourne Cup is open for rookie bettors worldwide. If you are new to horse race betting, you need to familiarise yourself with these basic betting terminologies:
Bookmaker – A person or company that facilitates horse race betting activities
Dividend – the amount of profit paid to a winning bettor
Favourite – the horse that is likely to win the tournament based on bookmakers
Form – record of horse’s significant events, especially its performance in previous races
Length – a measurement used to describe the market of victory in a racing match
Stayer – a horse that can show excellent performance at long-distance races
Who is the favourite to win the 2023 Melbourne Cup?
While there can still be twists in the final lineup, Vauban is set to be the favourite for the 2023 Melbourne Cup. This stallion is known for its success in jump racing, earning his title in the 2022 Cheltenham Festival’s Triumph Hurdle.
Where Can You Bet for the 2023 Melbourne Cup?
Betting on the 2023 Melbourne Cup will open vast opportunities for you. This event allows you to experience the thrill of earning money while cheering for your favourite horse.
If you are looking for reputable betting sites, you can consider 88ProAsia. We offer an unmatched gambling experience for those who want to wager on horse races. You can get a welcome bonus and other incentives once you sign up on our platform. Register here to get started.
