Betting on the Caulfield Cup is always popular, so it is important to have a good understanding of odds when it gets close to race day. The odds on offer for a horse race are a numerical representation given to the probability of success for each individual horse. It is essential to make all bets in relation to the odds on the table, which can differ from bookmaker to bookmaker.
For example, a horse with short odds will be expected to have a good chance of winning the race, and will therefore offer a relatively small payout if successful. While it can change from event to event, short odds are generally thought to be smaller than $3.00. In contrast, long odds are used to represent those horses expected to have a limited chance of success. In exchange for a long odds bet however, punters will be offered a higher payout if successful.
Research the Horses
Taking a good bet is often the art of conducting research into each horse and finding those cases where the odds on offer do not match your own expectations. A horse does not know what price the market is paying, so it can be possible finding an outsider with a fair chance of success. As the 2014 Caulfield Cup gets closer and the final field is made known, online bookmakers will publish the odds available.
The two types of odds available for the Caulfield Cup
Tote Odds – These type of odds are based on the TABs tote pool, which generally fluctuates until race time. Tote odds will often pay more than fixed odds, especially for outsiders. The tote is split into three different regions: Vic Tab, NSW Tab and Tattsbet.
Fixed Odds – Fixed odds are placed at the price on offer at the time a bet is made. Fixed odds can be useful for favourites or in any situation where a horses odd’s are shortening or likely to shorten as a race gets closer.
LONGEST PRICED WINNERS IN THE CAULFIELD CUP:
1884 Blink Bonny – 50-1
1902 Lieutenant Bill – 40-1
1936 Northwind – 66-1
1943 Saint Warden – 100-1
1988 Imposera – 50-1
1998 Taufan’s Melody – 66-1
SHORTEST PRICED FAVORITES IN THE CAULFIELD CUP:
ran 6th: 8-11 Tobin Bronze
first : 4-6 Tulloch
first : 5-4 Manfred
first : 7-4 Eurythmic
first : 7-4 Rising Fast
ran 3rd: 7-4 Comic Court
ran 3rd: 7-4 Sir Simpe
ran 8th: 7-4 Pink Un