Advantages of placing a Melbourne Cup futures bet
The saying goes “early bird catches the worm” and that’s the punters theory when betting on futures. Getting in early has always been a positive in all aspects of betting because that’s when the best value is offered.
Why are the odds better? Due to the race being days, weeks or months away, the odds haven’t been affected by recent form, nor can the price be affected by the money bet into the market.
Most Melbourne Cup favourite’s pay in the range of $5-$8 but you
can get almost double that for most of the well-favoured runners in the months leading up to the race, with the markets constantly changing.
It also gives punters the opportunity to secure big overs on a runner that isn’t well liked in the market. Punters might have an inkling, inside knowledge or just plain luck and their runner at massive odds could get into the field with a chance of winning.
If your desired runner isn’t listed at any of our recommended bookmakers, simply make contact with them and they will get a quote for your runner.
Sportsbet are usually one of the first bookmakers to release a Melbourne Cup market. The Australian licensed bookmaker has an extensive all-in market available all throughout the year and they offer more than competitive prices.
Their outstanding promotional department makes betting on horse racing very rewarding and they offer some of the best deals come Melbourne Cup time – including fixed quinella and refund specials.
They have applications for iPhone, Android and tablet devices and if you sign up now they are giving away a $501 free bet.
Bet365 offer a wide range of racing futures bets, including the 2015 Melbourne Cup. With great futures prices and an easy-to-use website, Bet365 are one of the world’s best bookmaking firms and if you sign up now, you get $200 in free bets.
Their mobile app is state of the art and it makes placing any type of bet easier. They also offer promotions for bettors who use the application with an initial sign-up bonus of $200.
WilliamHill is one of the oldest bookmaking websites in the world and since their inclusion into the Australian market, they have had significant success.
Due to their world presence, WilliamHill offer futures racing markets on all the world-leading races, including the spring carnival races such as the Melbourne Cup. The prices available are good for both favourite’s and outsiders, so get in now for a $700 free bet offer and find your horse for the big race in November.
Luxbet is an Australian-owned bookmaker backed by betting giant Tabcorp which allows them to have an online presence and not just their tote product.
The team at Luxbet offer $750 in free bets and they provide a good Melbourne Cup futures market, complete with competitive prices for favourite’s, mid-range and outsiders.
The disadvantages of futures betting
We have highlighted the reasons why futures betting can be rewarding, but there can be some negatives as well.
When you place a futures bet, your money is tied up in that market for a long period of time, therefore, don’t expect a quick payout when placing a futures bet. Betting into a futures market can be good for a big payout off a small investment, which appeals to the smaller bankrolls, but the larger players tend to want a quicker payout.
Odds can change, sometimes in your favour, but sometimes not. If you back a horse at $31 and it starts the race at $51, then you’re flat out of luck. It’s tough to predict what a horse will pay on the day of the race, so be wary of the factors that adjusts a horse starting price.
It seems obvious, but you can’t play multiples or exotic futures bets. All futures bets are either for the win or at an each way basis. Due to an unknown pool size, you can’t take bets such as quinella or trifecta in the futures market.