The Melbourne Cup 2020: Top Tips On Betting One of the most-awaited events in the world of horse racing is the upcoming Melbourne Cup 2020. This race will take place on Tuesday November 3, 2020, at the Flemington Racecourse, in Melbourne, Australia. The event is hugely popular not only to horse racing enthusiasts but also with the wider Australian public. Many Australian dress up for the occasion even if they are going to Flemington Racecourse and hold parties the length and breath of the country. It is literally the ‘race that stops a nation.’ Naturally, much of the appeal is about trying to pick the winner and placing a bet. Before jumping in on your Betway mobile app, you would surely want to get the top tips for betting on The Melbourne Cup 2020. These tips will help you improve your skills overall as an online sports bettor. Follow the experts There are many racing enthusiasts both amateur and professional that spend hours studying the form for races each day. These experts in the world of horse racing not only try to predict the winner of the race, but also the finishing order of the placed horses and they then look for which horses represent value in the betting market judged on their predictions. Backed by their extensive knowledge and years of experience in the world of horse racing, these experts are able to take into account multiple factors in producing their predictions. Everything from the past form of the horses, to the breeding lines and statistical records of the trainers and jockeys. Many of these experts and enthusiasts are active on social media and in many cases share and discuss their predictions openly on forums such as Twitter. If you are an occasional bettor and would like to place a wager on a race like the Melbourne Cup where most of the horses and jockeys competing are unfamiliar to you it can be helpful to search for some of these experts to steer you in the right direction. As the Melbourne Cup 2020 is still over six months away there is very little worthwhile information circulating at this stage but it is a good idea to keep an eye on the latest news about the race from time to time. Once the final line up has been revealed the internet will be a frenzy of tips, offers and predictions for the big race. If you have been dipping in and out of news about the race in advance of this you will have a fair idea of which are the more trusted sources and better judges of Australian racing. Learn the factors affecting the race odds As with all sports, there are a number of factors that are affecting the overall odds of any horse race, especially one that is as high profile and prestigious as The Melbourne Cup 2020. Even with the benefit of the stats in your Betway mobile app there are lots of factors to be aware of that influence the prices of the horses. So, what are the most important factors in a horse race that you need to educate yourself about? The most recent form of the horses is the number one factor to take into account. The second most important factor is the jockey. The best jockeys tend to win the biggest races because they get on the best horses. Depending on how deep you wish to go into the subject other factors that have varying levels of significance on the outcome of races are the trainers’ current form and record in the particular race, the breeding of the horse, the weights the horses are carrying, the going conditions, stall or barrier positions. All of these factors and more are taken into account when bookmakers come up with their odds for a race. The bookmakers then adjust their odds for each horse depending on the volume of bets they take for each runner. In theory when all possible factors are taken into account including where the money is going the favourite is the most likely horse to win the race. In horse racing in general only around 40% of favourites win races so simply backing the favourite in every race will not show you a profit. What you are looking to find is a horse that has a realistic chance on form to win the race but it’s odds are bigger than you would expect. This is called value betting. You are unlikely to realise a strike rate of 40% but if the odds of the horses are sufficiently big enough this approach can show a profit over time. Many of the serious racing enthusiasts and professional bettors take this approach so following their predictions is a good place to start.
