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The 2011 Caulfield Cup Odds

August 17, 2011, Posted in Upcoming horse race events

The Caulfield Cup is one of the richest horse racing events for thoroughbreds in Australia. It is even considered to be one of the richest horse racing events in the entire world with a $2.5 million prize money. This race has a distance of 2,400 meters otherwise known as a metric mile and a half handicap, and it is held every year at the Caulfield Racecourse by the Melbourne Racing Club. This race event is similar to the Melbourne Cup, wherein both of them are handicap race events. This means that horses that race in the Caulfield Cup could also compete for the Melbourne Cup, which is held every first Tuesday in the month of November. Horses that compete in the Caulfield Cup and perform well are officially considered for the Melbourne Cup. The Caulfield Cup is open to three year old horses and above.

Caulfield Race Events

July 29, 2011, Posted in Upcoming horse race events

Punters favoring the Caulfield race meetings are going to be busy this weekend. The Bletchingly Stakes is the main course of the Caulfield races and many runners are sure to enter this race. Punters and horse race enthusiasts from across the country are sure to come and watch or place bets on the competing horses on this Group 3 weight-for-age horse racing event.

Centrebet $200 New Member Bonus

June 22, 2011, Posted in Uncategorized

Among all the online betting sites familiar to Australians, Centrebet is the one they trust the most. Centrebet is popular among Australians because it provides … more

Bookmakers

Australian Bookmakers

Anyone who has a passion for horse-racing knows that this event won't be complete without the bookmakers. Bookmakers are part and parcel with horse-racing and Australian bookmakers have been in the business of taking bets ever since horse-racing started in this great nation.

Ever since horse-racing have emerged in Australia bookmakers have been part of the whole package. During the early years of Australian horse-racing, the only legal form of gambling was on course bookmakers.

The Job of a Bookmaker

What the bookmaker does is to lure punters to bet on any race by providing them the odds or chances of winning on every horse in the race. Gamblers, with the information they acquired from the bookmakers, will then place their bets on the horse of their choice. Most of the time, a bookmaker aims to frame a market in his favour so that he wouldn't end up penniless. What bookmakers do is they “lay off” their bets which means they bet on a horse with another bookmaker so they minimize their liability to win. It's a lot like working with insurance companies. Insurance companies have their clients' insurance policies be “re-insured” to other insurance companies. So that if the client experiences a loss and his claim is quite expensive then his principal insurance company wouldn't lose all of their money tying to pay off their client's claim because other insurance companies are shelling out their “share” of the claim. Bookmakers practice the same thing.

Legit and Illegal Bookmakers

Bookmakers need to be registered with the government for them to be legit. Punters sometimes would bet with illegal bookmakers also known as SP bookmakers, which means Starting Price. These illegal bookmakers would provide punters the official starting odds for a horse but because these were often not known after the race is done SP bookmakers would set up a day when all the punters would go to them to settle their bets and for the winners to get their payouts.

In the years from 1950, Australia was having a hard time curbing the activity of illegal bookmakers. Matters worsened when radio stations started covering race events since illegal bookmakers had an easier time monitoring the races. In a move to fix this, the Australian government introduced the totalisator which is their means to combat loss of taxation and licensing revenue. The impact on the turnover was immediate, and it was one of the many challenges modern bookmakers have to face.

Renowned Bookmakers

In Australia, the Waterhouse family has been in the business of bookmaking for so long that every bookmaker knows them and every punter associates them with bookmaking. They have four generations of bookmakers with Tom Waterhouse at the head of the current Waterhouse bookmaking company and generally have generous Melbourne Cup betting odds.

Betting can be one of the most fascinating of sports

There can be nothing more exciting and adrenaline pumping then to watch horse racing. Imagine the horses racing against neck to neck and you shouting your guts out at the horse that you have bet on. And, if your horse wins then you are going to win plentiful of money for yourself.

The right bookmakers can certainly help you to make a whole lot of money for yourself. The more you bet judiciously and yet taking a calculated risk, the more money will come your way. That is the law of nature. Therefore, bet fearlessly after doing your groundwork and research thoroughly and you will be able to come out a winner at the afternoon spent at the horse race tracks.

There can be nothing more fascinating than to see the horses pounding the ground and racing ahead and the jockeys astride them. Go ahead and speculate about who is going to be the winner and you will be able to bet right. Win the game of horse and man and you will come out with a feeling of having spent the afternoon well. Since times immemorial people have been fascinated by the thought of having the right kind of entertainment and one that will help them make money as well. Horse racing goes on to have both of this in equal measures.

You will love the results when you return home with pocket filled with dollars. If your looking to place a bet on either sports or racing you should consider betting with bookmakers or an online bookmaker. They offer both phone and internet betting and great sign up bonuses.

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