What are the Most Important Factors to Consider when Betting On Racing In Australia?
Betting on racing is one of the favourite pastimes in Australia. The internet has made it easy and user-friendly for all. However, when starting, it is crucial to understand the different types of racing available to bet on and, more importantly, to bet with a licensed and reputable bookmaker.
Large crowds go to Australia’s race tracks for the big race days, where fashion and racing meet. Below are some of the basics for online racing betting on racing in Australia.
What Types of Races Can You Bet on
There are three main types of races in Australia that punters can bet on:
Horse Racing is known as “the sport of kings” and is the oldest and most popular type of racing in Australia. There are horse racing tracks spread all across Australia, with racing held every day of the year except Christmas Day. Most racing is conducted throughout the day with a handful of tracks with lights installed to generate a greater TV audience.
Harness Racing is a form of horse racing where the horses run with a particular technique, either a “trot” or “pace”. It is easily identifiable as the horses don’t have jockeys but pull a cart behind them with a “driver” holding the reins and steering. Harness racing is conducted worldwide, with Australian bettors able to wager regularly on meetings in the United States, Canada, Sweden and France. As well as “local meetings” in Australia and New Zealand.
Harness racing may not be as lucrative as thoroughbred racing. Still, it occupies a niche in the racing market and is a trendy racing style for spectators and bettors. Meetings are spread day and night, with the critical meetings with the more prominent races tending to fit into a night time slot.
Greyhound Racing is the “fastest sport on four legs”, and betting on greyhound racing is one of Australia’s favourite pastimes. With race meetings often in the morning, afternoon and evening, there is no shortage of betting opportunities for novices and professionals alike.
How To Place A Bet in Australia
Betting has always been a favourite pastime of Australians, and while Aussies still love a bet, the betting method has changed considerably over time. Originally, bets on racing could only be placed on the track, which led to illegal off-track bookmakers holding bets for those who couldn’t get to the track. Wanting to cash in on the betting trade, the government established the TAB, where bets could be placed legally, and tax revenue could be generated. The TAB held a virtual monopoly for off-course betting within Australia until the 1990s when modern technology revolutionised the betting world.
How to bet online
The emergence of the internet and technological advancements in the late 1990s led to an explosion in new betting companies and made it easier to bet on racing and sports. After signing up with an online bookmaker and verifying their identity, generally taking less than 2 minutes, customers will be betting in no time.
Bets can be placed 24/7 on sports and racing from all over the world. There has never been a better time in racing and sports gambling.
Whom to bet with
The convenience of online betting has seen such growth in the industry. However, with so many new operators in the market, punters needed to be betting with a licensed bookmaker guaranteed by a reputable authority.
Palmerbet is a third-generation bookmaking family owned locally and operates under the regulation of Racing NSW. They are financially guaranteed by the NSW Bookmakers Co-Operative and licensed by the NSW government. When you bet with Palmerbet, you are betting with an established and trusted bookmaker and bets can be placed with Palmerbet via the telephone or their website at Palmerbet.com.
They offer various betting markets, including exotics, and you can bet on racing either pre-post or on the day. In addition, the Palmerbet Blog is an excellent source for free expert racing tips, betting previews and up-to-date betting odds, and all-important Racing Betting Odds.
Visit their website at Palmerbet.com or download the Palmerbet app via the app store. You will be betting in no time!