November 3rd, 2015 at 02:38pm
As Melbourne Cup day attracts a large number of people who have a bet on this day and not on any other day, the following information may be of use to some people.
Which prize amount on the TV did I win?
There are so many different prize amounts listed in the media because different states have different TABs, and they work with each other in some states to pool the prizes and not in other states. As a general rule, the TAB odds are valid for the following states:
Supertab (also listed as S-TAB and similar abbreviations): Victoria, ACT, Western Australia
NSW TAB: New South Wales
UBET (formerly known as TattsBet and still listed as such in some places): Queensland, South Australia, Northern Territory, Tasmania.
To add confusion to the mix, UBET/TattsBet offers betting services to people outside its four TAB states. If you’re using a Tatts or UBET account but don’t live in one of those states, then their odds are irrelevant to you as you are using their bookmaker service and will need to consult UBET for the relevant odds.
If you are not betting through a TAB but through an online bookmaker, then you will need to consult them for details of your odds. Most online bookmakers offer a number of odds, some are “fixed” which means they don’t change from the time you place the bet, and others will be tied to one or more of the TAB odds. Take note of the type of odds you are choosing when you place your bet, and you’ll be in a good position to know what you won if your horse or horses finish in a winning position.
Which television coverage should I watch?
As noted earlier today, both Channel Seven and Racing.com (channels 78, 68, 522 on Foxtel, and online) have full coverage of the race. If you have the choice, I recommend the Racing.com coverage on the basis that they are spending less time playing with silly camera angles on cars which make it difficult to see the horses, and are not adding unnecessary audio from the side of the track of horse hoofs pounding on the ground, and so the commentary is clearer, which makes it easier for you to follow your horses.
What are all of these types of bets?
This varies from betting agency to betting agency, but in general:
Win: Prize paid if the horse wins the race
Place: Prize paid if the horse finishes in the first three
Quinella: Pays if the two horses finish first and second
Exacta: Pays if the two horses finish first and second. You must nominate which horse will run first and which will run second.
Trifecta: Pays if the three selected horses finish first, second, and third. You must nominate which horse will finish in which position.
Other bet types have various names with various outlets, and the rules vary slightly between betting outlet, so if in doubt you should consult your betting agency for further information.
Entry Filed under: Melbourne Cup