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The Sport of Kings

The King Tip – Saturday 31 August

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CAULFIELD

RACE 7

#13

PIPPIE

$3.00

(LADBROKES BOOSTED)

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Jockey: Ben Melham

Trainers: John & Chris Meagher

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Gr1 Winx Stakes: Field, Odds, Race Preview, Tips

2019 Winx Stakes 

Winx Silks

Winx Stakes Race Details

Date: August 24, 2019
Time: 3:45PM
Racecourse: Randwick Racecourse
Race Distance: 1400m
Conditions: WFA
Prize Money: $500,000

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WINX STAKES BEST BET
1.Avilius $3.60

BET NOW

 

WINX STAKES BEST ROUGHIE
8.Unforgotten $13.00

BET NOW

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Resuming after a five months break. Finished off last campaign began awkwardly; 5 of 8 at Rosehill in the G3 Sky High Stks in Mar over 2000m, on rain affected going; 4.5 len behind Red Cardinal carrying 55kg at $5.00. Previous preparation first-up won by 1.3 len Canterbury 5yo+ (Bm76) in Nov last year over 1100m defeating Star Crossed with 58.5kg at $7.00. Simply not good enough for these.

 

Resuming after a five months break. Finished off last campaign winning won by 1.8 len this track G1 Australian Oaks in Apr over 2400m defeating Scarlet Dream with 56kg at $2.00. First up last campaign eased at start and overraced near 600m; 2 of 10 at Flemington in the G3 The Vanity in Feb over 1400m, 1 len behind Amphitrite carrying 57.5kg at $7.00. Biggest test to date. Can she match it with the big boys? I think so.
Winx Silks

Winx Stakes Selections

  1. (1) Avilius $3.60
  2. (8) Unforgotten $13
  3. (10) Verry Elleegant $4.20
  4. (9) Youngstar $34
  5. (2) Happy Clapper $4.50
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Avilius
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Winx Stakes Information

The Winx Stakes is a Group 1 race run under Weight For Age conditions for open class horses at Randwick conducted by the Australian Turf Club.
The Winx Stakes is run over 1400m. Its main home was always Warwick Farm but the last few runnings and occasionally in the past it has been at Randwick.
It was first run in 1923 and was won by Sunburst.
The Winx Stakes has been run basically at 1400m since its inception bar for a brief period in the 1930s.
It was previously known as the Warwick Stakes when it was a Group 2 race all the way until 2018 when it was upgraded to a Group 1 and renamed after the champion mare.
Winx winning in 2016 was her tenth win in a row as part of her amazing sequence and then her 18th in 2017. The 26th in a row was also her third consecutive win in the race.
Pablo’s Pulse won the race in 1987 at 500-1.

The 2007 race was not held due to the Equine Influenza break out.
Many a horse’s Cox Plate campaign has begun in this race and naturally, that is true of the last three.
The 2017 edition was remarkable after Winx was fractious, banged against the barriers just before the jump and missed the start by four lengths. She took a time to wind up but just got up.
The 2019 Winx Stakes will be run for prizemoney of $500,000.
Notable winners of the Winx Stakes include Winx (2016/2017/2018), Racing To Win (2008), Court’s In Session (2006), Private Steer (2004), Lonhro (2001/2003), Defier (2002), Sunline (1999), Filante (1996/1997), Shaftesbury Avenue (1992), Super Impose (1990/1991), Kingston Town (1980/1981/1982), Sky High (1961/1962), Tulloch (1957), San Domenico (1950/1951), Bernborough (1946), Flight (1944), Chatham (1933/1934), Amounis (1930) and Limerick (1927/1928/1929).
The 2018 Winx Stakes was won by Winx with Invictus Prince 2nd and D’Argento 3rd.

How to bet on the Winx Stakes?

Looking to bet on the Winx Stakes? Online bookmakers such as Ladbrokes offer a quick and easy online betting service. Once you have signed up simply navigate your way to the correct market and click on the odds of the horse you wish to bet on. You can then enter the amount you wish to bet and all you will need to do is confirm your bet. It’s that easy!

When is the Winx Stakes?

The Winx Stakes 2019 will be run on Saturday, August 24 at Randwick Racecourse. The scheduled start time for the race is 3:45PM.

What time is the Winx Stakes 2019?

The Winx Stakes 2019 will be run at 3:45PM on Saturday, August 24 at Randwick Racecourse.

Where is the Winx Stakes 2019?

The Winx Stakes 2019 will take place at Randwick Racecourse on Saturday, August 24.

How to live stream the 2019 Winx Stakes

Have you backed our Best Bet ‘Avilius’ and want to know how you can watch the 2019 Winx Stakes?

The Winx Stakes is scheduled to be run on August 24, 2019 so sign up to any of the compatible online bookmakers below and stream the race for free!

View the table below to work out which online bookmaker will live stream the Winx Stakes.

Bookmaker VIC NSW QLD SA WA TAS NT Sign Up
$500* Bonus Bet Yes Yes Yes Yes Yes Yes Yes Live Steam!
$500* Bonus Bet Yes Yes Yes Yes Yes Yes Yes Live Steam!
$200* Bonus Bet Yes No No Yes No No No Live Steam!

Previous Winners

Date Horse Jockey WT Trainer BP
WINX (AUS) 7M
STREET CRY (IRE) – VEGAS SHOWGIRL (NZ) AL AKBAR (AUS)
J BOWMAN 57.0 CHRIS WALLER 5
WINX (AUS) 6M
STREET CRY (IRE) – VEGAS SHOWGIRL (NZ) AL AKBAR (AUS)
J BOWMAN 57.0 CHRIS WALLER 2
WINX (AUS) 5M
STREET CRY (IRE) – VEGAS SHOWGIRL (NZ) AL AKBAR (AUS)
J BOWMAN 57.0 CHRIS WALLER 4
ROYAL DESCENT (AUS) 6M
REDOUTE’S CHOICE (AUS) – MULAN PRINCESS (NZ) KAAPSTAD (NZ)
J BOWMAN 57.0 CHRIS WALLER 3
TIGER TEES (NZ) 7G
DUBAWI (IRE) – PARFORE (NZ) GOLD BROSE (AUS)
G SCHOFIELD 59.0 JOSEPH PRIDE 7
VEYRON (NZ) 8G
THORN PARK (AUS) – OVER THE LIMIT (NZ) CENTRO (NZ)
C REITH 59.0 LINDA LAING 2
PINWHEEL (AUS) 7G
LONHRO (AUS) – QUILT (AUS) DANEHILL (USA)
K MCEVOY 59.0 PETER SNOWDEN 11
PINWHEEL (AUS) 6G
LONHRO (AUS) – QUILT (AUS) DANEHILL (USA)
K MCEVOY 59.0 PETER SNOWDEN 10
METAL BENDER (NZ) 5G
DANASINGA (AUS) – JACQWIN (AUS) BLUEBIRD (USA)
TIM CLARK 59.0 CHRIS WALLER 4
TRUSTING (AUS) 3C
TALE OF THE CAT (USA) – LEGIBLE (NZ) ZABEEL (NZ)
C MUNCE 50.5 JASON COYLE 9
RACING TO WIN (AUS) 6G
ENCOSTA DE LAGO (AUS) – SURREALIST (AUS) KENNY’S BEST PAL (AUS)
J BOWMAN 59.0 JOHN O’SHEA 4
COURT’S IN SESSION (AUS) 7G
BUREAUCRACY (NZ) – MARKATIE COURT (AUS) SEVENTH HUSSAR (AUS)
D BEASLEY 58.0 G H WALTER 5
SIR DEX (AUS) 5G
DEXTER (GB) – AMWAJ (AUS) MARSCAY (AUS)
Z PURTON 58.0 GREGORY HICKMAN 1
PRIVATE STEER (AUS) 5M
DANEHILL DANCER (IRE) – LISHEENOWEN (AUS) SEMIPALATINSK (USA)
G BOSS 55.5 JOHN O’SHEA 2
LONHRO (AUS) 5H
OCTAGONAL (NZ) – SHADEA (NZ) STRAIGHT STRIKE (USA)
D BEADMAN 58.0 JOHN HAWKES 3
DEFIER (AUS) 5G
DEHERE (USA) – LILANDE (AUS) MARSCAY (AUS)
C MUNCE 58.0 G H WALTER 2
LONHRO (AUS) 3C
OCTAGONAL (NZ) – SHADEA (NZ) STRAIGHT STRIKE (USA)
D MCLELLAN 49.5 JOHN HAWKES 11
AL MANSOUR (AUS) 6G
AT TALAQ (USA) – CLASSIC VICTORY (AUS) BLETCHINGLY (AUS)
D BEADMAN 58.0 JOHN SIZE 2

 

 

The 🤴King🤴Tip🤴 Monday 22 July

Goulburn

Race 2

#4

Il Professionale

$2.90

1934903

Jockey: Michael Cahill

Trainer: Keith Dryden

21/07/19 Singapore Horse Racing Tips & Best Bets – Singapore Derby Day

GET THE BEST ODDS ON SINGAPORE HORSE RACING

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Singapore & Malaysian residents can now get better odds and great new products by joining BET ONLINE. If you live in Singapore or Malaysia & are sick of the rubbish dividends offered on the local tote which are far inferior to fixed-odds prices available at BET ONLINE, then JOIN HERE…..You’ll get a 50% 1st Deposit Bonus up to $1,000, a $25 risk-free bet on any horse race + up to a 7% rebate on all your losing bets! JOIN NOW
Kranji – Singapore
Race 1. Prince Pegasus
Race 2. On Line
Race 3. 15 Atlantic Fox
Race 4. King Zoustar
Race 5. Hooga Net
Race 6. Threeandfourpence
Race 7. 12 Lord Of Cloud
Race 8. 11 Yabadabadoo
Race 9. 16 What’s New
Race 10. Absolvido
Best Bet: Race 6-Threeandfourpence
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2019 Haskell Invitational Preview, Selections & Who to Bet!

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The $1 million, G1 TVG.com Haskell Invitational Stakes on Saturday at Monmouth Park is traditionally the marquee event at the Jersey Shore racetrack. The Haskell also signals the start of the “second season” of major stakes races in the 3-year-old male division that are usually very important in determining the year-end championship when the Triple Crown series fails to produce a dominant horse.

z190504_eclipsesportswire_Dan Heary_02209.jpgThis is definitely one of those years, and the 52nd Haskell shapes up to be a competitive race with several compelling storylines, the most prominent among them involving disqualified Kentucky Derby first-place finisher Maximum Security.

The 1 1/8-mile (1800m) Haskell is also a crucial race on the Road to the Breeders’ Cup World Championships.

The winning horse on Saturday receives a fees-paid, automatic berth to the November 0cc5af6cf6dd49338e00395931d12ec6.jpg2nd Breeders’ Cup Classic at Santa Anita Park as the Haskell is part of the “Win and You’re In” Challenge.

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2019 HASKELL INVITATIONAL FIELD

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1King for a Day (5-2)

Jockey: John Velazquez

Trainer: Todd Pletcher

Owner: Red Oak Stable

Career record: 5 starts – 3 wins – 0 seconds – 1 third

Career earnings: $210,550

Earnings per start: $42,110

Top Equibase Speed Figure: 107

Pedigree: Uncle Mo – Ubetwereven, by French Deputy

Colour: Bay

Running style: Press the pace

Notable achievements and interesting facts: This patiently-managed, well-bred colt is a leading win contender in the Haskell based on his perfect 2-for-2 record so far this year as a 3-year-old and, more importantly, his one-length win over Maximum Security in the June 16 TVG.com Pegasus Stakes. In that 1 1/16-mile race at Monmouth, King for a Day kept the pressure on Maximum Security throughout and out finished his opponent in the final sixteenth of a mile. He’s lightly raced, winning one of three starts as a juvenile in 2018 and returning with an impressive 2 ½-length score in the May 18 Sir Barton Stakes at Pimlico. And, he’s trained by multiple Eclipse Award winner Todd Pletcher, who has won the Haskell three previous times – with Bluegrass Cat in 2006, Any Given Saturday in 2007, and Verrazano in 2013. Look for Hall of Fame jockey John Velazquez to position King for a Day just off the early pacesetters and have him primed to strike at the top of the stretch. Velazquez’s two Haskell wins came aboard Bluegrass Cat and Verrazano for Pletcher. King for a Day is a half-brother (same dam [mother], different sire [father]) to the dam of Mind Control, a Grade 1 winner as a juvenile and a leading 3-year-old sprinter this year.

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2. Joevia (10-1)

Jockey: Jose Lezcano

Trainer: Gregory Sacco

Owners: Michael Fazio and Jeff Fazio

Career record: 6 starts – 2 wins – 2 seconds – 1 third

Career earnings: $281,600

Earnings per start: $46,933

Top Equibase Speed Figure: 102

Pedigree: Shanghai Bobby – Peace Process, by War Front

Colour: Dark bay or brown

Running style: Pacesetter/press the pace

Notable achievements and interesting facts: This locally-based horse outran his 21.60-1 odds in the June 8 Belmont Stakes Presented by NYRA Bets, finishing third after setting a contested pace. He held on well until deep stretch at “Big Sandy” in his first race under jockey Jose Lezcano, who retains the mount in the Haskell. Prior to that, he scored by 2 ¾ lengths in the 1 1/16-mile Long Branch Stakes at Monmouth Park in May, defeating three horses on a sloppy track. He’s posted two consecutive triple-digit Equibase Speed Figures, has trained well at Monmouth since the Belmont Stakes, and could very well be a late-developing type with a legitimate upset chance in Saturday’s $1 million race. Lezcano will have to reserve some of Joevia’s early speed to capitalize on that chance, however, as the early pace figures to be heavily contested among Maximum Security, Mucho Gusto, Bethlehem Road, and possibly King for a Day.

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3. Spun to Run (15-1)

Jockey: Paco Lopez

Trainer: Juan Guerrero

Owner: Robert Donaldson

Career record: 6 starts – 2 wins – 1 second – 2 thirds

Career earnings: $82,620

Earnings per start: $13,770

Top Equibase Speed Figure: 99

Pedigree: Hard Spun – Yawkey Way, by Grand Slam

Colour: Bay

Running style: Press the pace/stalker

Notable achievements and interesting facts: This colt has only finished out of the money once in six career starts – his debut last fall – but will be facing a major class hike in Saturday’s Haskell. Spun to Run enters off of his first two career wins, both coming at Parx Racing by a combined margin of 10 ½ lengths earlier this year. In those starts – both route races – he took over early and was never threatened as the odds-on favourite. He also raced competitively at Aqueduct last winter, nearly defeating subsequent Gotham Stakes winner Haikal in a six-furlong race. On the negative side, he’ll be racing Saturday after a nearly four-month break, and he will find it harder to stalk the pace of Maximum Security and Joevia with Mucho Gusto and King for a Day hovering nearby through the backstretch. He’ll be one of the longest shots in a compact Haskell field, if not the longest, and filling out the superfecta would appear to be his ceiling if he can hang on long enough. Picking up Monmouth-based jockey Paco Lopez is a plus, however. Lopez ranks second in earnings and third in wins during the current Monmouth meet through July 15 and was second in both categories in 2018.

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4. Bethlehem Road (20-1)

Jockey: Luis Rodriguez Castro

Trainer: Dee Curry

Owners: Don Ameche III, Griffin Investments, and Randall Reed

Career record: 4 starts – 3 wins – 0 seconds – 0 thirds

Career earnings: $124,300

Earnings per start: $31,075

Top Equibase Speed Figure: 100

Pedigree: Quality Road – Alydarla, by Henny Hughes

Colour: Bay

Running style: Pacesetter

Notable achievements and interesting facts: After posting three consecutive front-running, open-length wins to begin his career at Parx Racing, including a stakes victory, Bethlehem Road moved up in class and shipped to Thistledown in Cleveland to start in the Ohio Derby on June 22. In that race, he was bumped twice, at the start and on the first turn, but recovered to stalk the pace before tiring badly in early stretch, finishing fourth of six behind OwendaleMath Wizard, and Long Range Toddy. This gelding should be part of the early pace in the Haskell, but he’s facing a tall task going up against Maximum Security, Mucho Gusto, King for a Day, and Joevia, as each of those horses also has speed plus a sizeable class advantage.

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5. Mucho Gusto (2-1)

Jockey: Joe Talamo

Trainer: Bob Baffert

Owner: Michael Lund Petersen

Career record: 7 starts – 5 wins – 1 second – 1 third

Career earnings: $430,800

Earnings per start: $61,543

Top Equibase Speed Figure: 106

Pedigree: Mucho Macho Man – Itsagiantcauseway, by Giant’s Causeway

Colour: Chestnut

Running style: Press the pace

Notable achievements and interesting facts: During the run-up to the Triple Crown races earlier this year, Mucho Gusto was a second-stringer in Bob Baffert’s loaded barn behind Game WinnerRoadster, and Improbable, despite winning a graded stakes as a juvenile and then another one in February. Now, he sits alongside the recently resurgent Game Winner in Baffert’s first string, and is a leading win candidate in Saturday’s Haskell based on his late spring-early summer form. He heads to the Jersey Shore on a two-race winning streak, taking the Lazaro Barrera Stakes at Santa Anita Park on May 18 and then defeating Roadster by 2 ¼ lengths in the 1 1/16-mile Affirmed Stakes at Santa Anita on June 16. Although he did fade to third in his only prior start at 1 1/8 miles – the Sunland Derby back in March – this colt is bred to easily handle the Haskell’s distance and has a good pace-pressing running style that should set him up perfectly behind what figures to be some honest early fractions set by Maximum Security and company. And last but certainly not least, he’s trained by the all-time leading Haskell winner in Bob Baffert, who has eight career victories: Point Given (2001); War Emblem (2002); Roman Ruler (2005); Lookin At Lucky (2010); Coil (2011); Paynter (2012); Bayern (2014); and American Pharoah (2015). Baffert has also finished second in the Haskell four times and third once.

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6. Everfast (10-1)

Jockey: Julien Leparoux

Trainer: Dale Romans

Owner: Calumet Farm

Career record: 12 starts – 1 win – 2 seconds – 1 third

Career earnings: $499,805

Earnings per start: $41,650

Top Equibase Speed Figure: 105

Pedigree: Take Charge Indy – Awesome Surprise, by Awesome Again

Colour: Bay

Running style: Closer

Notable achievements and interesting facts: Twice during the Triple Crown season, this deep closer has beefed up the exotic payouts in graded stakes by grinding on late in the stretch to finish second. He triggered a $1,101.70 exacta in Grade 2 Fasig-Tipton Holy Bull Stakes back in January by nabbing second behind fellow longshot Harvey Wallbanger, and surprised many public handicappers and bettors alike by edging Owendale for runner-up honours behind War of Will in the Preakness Stakes. In his four other graded stakes this year, Everfast has finished no better than fifth, and that includes a seventh-place effort in the Belmont Stakes, his most recent race. Supporters of this colt – who has not won a race since his career debut at Ellis Park last summer – will point out that he was only beaten by three lengths in the Belmont and he did earn a 100 Equibase Speed Figure in that 1 ½-mile classic. Furthermore, there should be a fast enough pace in Saturday’s Haskell to set up his late run as he’s really only the true closer in the field. He’s worthy of consideration in exactas and trifectas with the hopes of boosting those payouts, just as he’s done before, but his chances of reaching the Haskell winner’s circle are remote. Trainer Dale Romans finished second behind American Pharoah in the 2015 Haskell with Keen Ice, one race before that colt upset the Triple Crown winner and eventual Horse of the Year in the Travers Stakes, and he nearly won the Haskell in 2011 with Preakness winner Shackleford, who lost to Coil by a neck. Last year’s Haskell runner-up Bravazo was owned by Brad Kelley’s Calumet Farm.

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7. Maximum Security (8-5)

Jockey: Luis Saez

Trainer: Jason Servis

Owners: Gary and Mary West

Career record: 6 starts – 4 wins – 1 second – 0 thirds

Career earnings: $679,400

Earnings per start: $113,233

Top Equibase Speed Figure: 111

Pedigree: New Year’s Day – Lil Indy, by Anasheed

Colour: Bay

Running style: Pacesetter

Notable achievements and interesting facts: A second shot at redemption is on hand for this ultra-fast, talented colt who was at the centre of a national controversy after he was disqualified from first and placed 17th in the May 4 Kentucky Derby. Maximum Security’s first chance to move past the Derby DQ hangover came in the June 16 TVG.com Pegasus Stakes at Monmouth, where he was sent off as the overwhelming 1-20 favourite against what looked like a mediocre field. But he stumbled out of the gate in that race and thereafter received constant pressure by an improving horse in King for a Day, who wore him down late in the stretch to win by a length. That was the first time in Maximum Security’s career in which he did not cross the finish line first, and just how well he’ll respond in the Haskell is easily the most anticipated question surrounding Saturday’s race. In the Derby and in his prior wins, Maximum Security showed that he does not necessarily need a clear early lead to win, but he certainly prefers to be forwardly placed. In addition to King for a Day, the Haskell field includes speed horses Joevia and Bethlehem Road as well as California invader Mucho Gusto, who also likes to set or press the pace. The expected company upfront should make it tougher for Maximum Security to do what he does best, especially breaking from the outside post, but he’s still the fastest horse in the Haskell field and figures to stay in contention all the way to the finish line. Luis Saez finished second in last year’s Haskell aboard Bravazo. Gary and Mary West campaigned 2016 Haskell runner-up American Freedom and 2014 runner-up Power Broker, and Jason Servis trained third-place finisher Sunny Ridge in 2016.

 

 

 

SELECTIONS

1.KING FOR A DAY***

7.MAXIMUM SECURITY

6.EVERFAST

5.MUCHO GUSTO

 

BEST BET

1. KING FOR A DAY A WIN BET SPECIAL AT 5/2 ($3.50)

 

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WATCH: One of the worst “hook” jobs you’ll ever see by a jockey in racing

 

'I could have won, but my jockey kept pulling me back: Something fishy went on in that race!'

Matched Betting Australia: Make $80+ risk-free money today – Cranbourne & Warwick Farm

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                   ‼️ARB ALERT‼️

Make a minimum of $80 risk-free money by ‘match betting’ on today’s horse racing action from Warwick Farm & Cranbourne by using Lay Back Bets Oz’s one-stop website which includes Full Detailed Explanation Guide’s, live up to date Sign Up Bonuses, Daily Special Offers, Forums and Chat Rooms.

The Ladbrokes +30% on Fixed Odds bonus offer is running on 8 races. Warwick Farm Races 1 – 4 & Cranbourne Races 1 – 4. You should be able to lock in a minimum profit of $10 per race!

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HOW TO DO IT

Firstly Create a Ladbrokes account here & get your 1st deposit matched up to $260.

1. Open Ladbrokes and Betfair above races

2. Compare odds to find Ladbrokes odds higher than Betfair Lay odds for a specific selection

3. Use the Lay Back calculator to calculate lay stake ()

4. Place your back bet then your lay bet

5. Lock in the profits!

 

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It sounds simple!

It is simple.

It’s called Matched Betting & while it hasn’t yet taken off in Australia, it’s a multi-million dollar industry in Europe.

Lay Back Bets Oz’s author created Matched betting in the UK and now he’s adapted the method’s and guides specifically for Australian punters.

 

 

UK RISK-FREE MONEY MAKING CRAZE HITS AUSTRALIA: Matched Betting

Matched Betting Introduction

This guide will start you off with the basics of Matched Betting. The more you learn, the more money you will make, so sit back, don’t rush and go through it in detail. Over the long term, it really will be worth putting the effort in to reap the rewards later on. ‘
If you stick with this and properly learn how it’s done there is no doubt that you can easily make at least $1000 over the coming weeks and over the next 12 months $10000 profit is a more than a reasonable figure.
Think about what you can do with an extra $10k in your back pocket!
Although matched betting has been around for decades, matched betting has not been very prominent in Australia.
Compared to the UK where matched betting is huge, Australian matched betting is far behind and FAR fewer people know about it.
If you are reading this then you are one of the few people who know of matched betting here in Australia.
This is a good thing because it means the offers are much, much better and therefore the profits are much greater than that of the UK. START MATCHED BETTING TODAY & EARN RISK-FREE, TAX-FREE INCOME!
Matched Betting definition: a simple technique that allows people to profit from bookmakers bonus bets and promotional offers.

START MATCHED BETTING NOW

 

What you’ll need:

  • Time and willingness to sit down and learn
  • A computer or laptop with an internet connection. Phones or tablets also work
  • Some cash to get started. We would recommend a minimum of $200 in the beginning but the more money you use, the faster you can make more money
  • To live in Australia and be over the age of 18

01 How betting works

If you bet on something you are basically saying you think a certain outcome will happen. However, there are always two sides to every bet, cause in order to place your bet you need to find someone else who thinks the opposite will happen.

For example:
’I bet that I can drink my beer in less than 15 seconds’
‘No way! I bet you can’t drink that in less than 15 seconds’

One person is betting on one outcome and the other person is betting on the opposite outcome. It wouldn’t be a bet if the two people didn’t think different outcomes would occur.

In matched betting these two conflicting sides are called backing and laying.

Backing is betting that something WILL happen – “I bet that I CAN drink my beer in less than 15 seconds”. Laying is betting something WILL NOT happen – “No way! I bet you CAN’T drink that in under 15 seconds”

Backing or placing a back bet- Predicting that something WILL happen

Laying or placing a lay bet- Predicting that something WILL NOT happen

These two terms are the core of matched betting.

 

START MATCHED BETTING NOW

02 Backing and Laying

When you place a bet with a bookmaker, you are betting something WILL happen and therefore every time you place a bet with a bookmaker you are backing an outcome.

But remember, for a bet to be formed there needs to be an opposite bet placed. This is how bookmakers work. They will match your back bet with the opposite bet at odds that they choose to offer. So the bookmakers place the lay bets.

For example:
You go onto the bookies’ website and bet $10 on Octagonal to win race 1 at Randwick this Saturday.

So you are backing Octagonal to win.

When you place this back bet, the bookmaker is essentially laying Octagonal to form a bet with you.

So the bookmaker is betting against you that Octagonal will not win the race. The bookie doesn’t physically place a lay bet, they just accept your money and agree to pay you out at the specified odds if Octagonal wins which is essentially what a lay bet is.

If Tough Larry wins, then you will win the bet and make some money. If Tough Larry does not win, then the bookmaker will keep the money you used to place your bet with.

All bookmakers do is lay peoples bets.

They take money off people and form a bet by matching the opposing view.

 

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03 How odds work

Chances are you’ve already placed a bet before so you have an idea of how odds work, but for those of you that have not, then don’t worry we will guide you through them.

In the example above you made a back bet of $10 on Octagonal to win Randwick race 1 and the bookmaker layed your bet with the opposite viewpoint of Octagoal not to win which formed a bet.

However, the odds of Octagonal actually winning the race were 5.00. Meaning for every $1 you bet on Octagonal you will win back $5 if he does in fact win.

So you initially bet $10 at odds of 5.00 meaning that if he did win then you would be returned $50.

STAKE X ODDS = RETURN
$10 X 5.00 = $50

Return is how much the bookmaker has to pay out if the backers bet wins and is made up of two things; the initial stake you place plus the winnings in relation to the odds. So you placed $10 at odds of 5.00, your return is made up of $10 that you initially staked and then the $40 winnings.

RETURN = STAKE + PROFIT
$50 = $10 + $40

These odds are calculated by the bookmakers for the probability that they think something is going to happen.

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04 Liability

The bookies’ view:
If you now look at the Octagonal bet from the opposite viewpoint; that of the bookies, you will notice it is a little different this way round. The bookie is taking $10 off you initially, which will be the bookies return if Tough Larry doesn’t win. If Tough Larry does win, the bookies will have to pay out $50 to you. This $50 will be compiled of the initial $10 that you staked, and then $40 that the bookie has to pay out of their own pocket due to the odds. The bookie will, therefore, lose $40 and this is called the bookies’ liability.

(STAKE X ODDS) – STAKE = LIABILITY
($10 X 5.00) – $10 = $40

Liability is the amount the bookie is liable (responsible) to pay out if a bet you placed with them wins. Therefore the bookies’ liability of this bet is $40.

You could look at it this way:
When making a back bet a stake is placed and when a placing a lay bet a liability is placed.

BACK = STAKE
LAY= LIABILITY

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05 The Betting Exchange

So you now know that there are two sides to every bet, a backer and a layer, with the bookies always acting as the layer. And you’re probably thinking, why do I need to know this?! Well, imagine if you could act as the bookie and lay bets…

Betting exchanges do just that.

Betfair exchange is the only exchange currently up and running in Australia. The exchange allows people to bet against each other, eliminating the need for a bookmaker to be involved in the bets. Betting exchanges are a little bit different than conventional bookies as you can place back bets and also lay bets.

They look a bit more completed but they are really quite simple.

So for example, if you don’t think Melbourne Storm will win the league this season, you can go to Betfair Exchange and place a lay bet on Melbourne Storm.

Your money will be matched with someone else who has backed Melbourne Storm to win the season and this forms a bet.

No bookie is involved and there is only a bet between you and another random person who has an opposite view to yourself. It’s kind of like making a bet with your friend, but only with a stranger that Betfair Exchange matches you up with.

But how does Betfair make money if they don’t directly get involved in any bets themselves? Betfair works off a commission basis. Every time you win a bet on Betfair a percentage commission is taken from your winnings.

This can range from 5%-10% depending on the state and racing code of the event you are betting on.

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Ben Currie’s DQ/fine reduced after QRIC Internal Review

An internal review of five prohibited substance charges for disqualified Toowoomba trainer Ben Currie has confirmed the Queensland Racing Integrity Commission Stewards’ original guilty decision, but has reduced the penalty from three years disqualification to two years and three months and reduced his $45,000 fine to $10,000.

The internal review decision has reduced Mr Currie’s current cumulative disqualification period to six years and three months and a fine of $10,000 i.e. two years and three months after being found guilty of five prohibited substance charges, two and six months after he was found guilty of two charges of improper action following an investigation into text messages relating to the intention to use an electronic apparatus capable of affecting the performance of two horses and 18 months for 12 breaches of the rules of racing.

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