Now that betfair (September 2016) has done away with the Australian Wallet, all Betfair account holders can now bet on the Australian events. That also includes sports held in Australia.
The first thing you need to be aware of is that there are two types of horse racing in Australia. Being Gallops (Thoroughbred, with jockeys on their backs) and Harness (trots, with drivers sitting in sulkies.)
Galloper.
Harness Racing
1. Gallops (Thoroughbred)
This is the most popular form of racing and mainly happens during the day, there is night racing, but mainly in the summer months.
Racing is mainly on the turf, and 99.5% of all races are over the flat, jumps racing is only in Winter and only usually one or two races on the card.
Jumps racing is only in Victoria and South Australia.
There are over 370 race tracks in Australia, however many are only used once a year, and Betfair certainly does not bet on all tracks.
Saturday racing in Australia is the biggest race day, and the markets are getting good in the metro city tracks, like Sydney (NSW), Melbourne (VIC), and to lesser extent Brisbane (QLD), Adelaide (SA)and Perth (WA). Saturday markets form earlier than any other day on Betfair.
After Saturday and Public Holidays, Wednesday is the next biggest race day.
Melbourne Cup day (1st Tuesday in November) is the biggest race day of all with over 20 meetings held around Australia on the day. It is a Public holiday in Melbourne on Melbourne Cup day, for the race, I think it is the only place in the world that has a holiday because of a horse race.
See more on the Race that stops a Nation (or two if you count New Zealand) Click here
This is the 2015 Melbourne Cup, first woman to win it "Michelle Paine"
2015 Prize Money was $6,200,000.00 (£3,800,000.00)
Melbourne Cup first run in 1861
There is now in-play betting on Australian Flat races, but NOT Jumps races.
All races are started from starting stalls (barriers) they are not walk up starts.
2. Harness (trots, pacer)
This form of racing is nowhere near as popular as gallops.
There are actually two types of gait, under this type of racing. There is the Trotter, which is a horse that races without hopples on its legs and is called a square gaitor in the US, this is there horse moves it's legs in diagonal pairs. This type of horse is often more likely to break stride and gallop (losing it's position in the race.)
Trot races are alot fewer that pacers, they do however both race in the same meeting, however very rarely against each other. You need a very good trotter to beat a pacer.
Pacer, is a horse where both legs on the same side (left or right) move in tandem, and the horse generally has hopples on their legs, to keep them pacing. These horses are less prone to breaking.
Majority of this type of racing is in the evening under lights. Certainly the bigger meetings are mostly evening races.
There are two types of races, apart from the trotters and pacers. And that is the way the race is started.
The most common is Mobile start, this is where the horses start behind a moving barrier either in one line or two lines, so they hit the start line at pace (see Pic below.)
And then there is standing start, where they start the race from a still stance, there are rubber bands stretched across the track infront of the horses, and released to set them on there way. This type of start can cause horses to break and hamper there winning chances. These type of start allows you to start horses further back than others (handicap them).
You will see in standing starts next to the horse name 10m, or 100m this means it is giving horses in the race 10 metre or 100 metre head start.
Betfair covers alot of harness racing, however except for the main tracks on a Friday or Saturday night the market liquidly is poor. And it is usually the favourite that has liquidly.
Australian Betfair Commission
The Australian arm of Betfair is 100% owned by the Crown betting company. That however is not the reason that there is a different and higher commission charged on winning bets.
This is brought about by the fact that the racing associations around Australia, own the copyright of the product that Betfair is using, namely the racing.
Each state in Australia has a Racing, Harness and Greyhound association all independant of each other.
So these rights to use the product are charged to Betfair who in turn get it back from you and me.
Below is the commission charged by each association on your winning bets.
It ranges from 6% upto 8%.
This is part of how the Australian racing is funded to the high degree it is, corporate bookies also have to pay these fees. Racing in Australia is a very big employer, so it is only fair that people put back in so the industry can remain viable for all.
Top Pick Ratings
Covers all Australian and New Zealand Horse, Harness and Greyhound Meetings.
As I write this sports on Betfair in Australian events is still only 5%
Weights and Distance.
In Australia the weights and distance are in metrics, so jockeys are in Kilos, and the race distances are in metres.
The Melbourne Cup is run over 3,200 metres (2 miles), Australia has very few races of 3,200m or over.
Most of the racing is 1,600 metres (1 mile) or less, so sprint racing really.
Weights
Lenght
Racing Times and Race Numbers.
The thing you will notice in Australia that the races go by race number and not time.
The reason for this is that we have up to 5 different time zones, so we can not use time.
Here is an example, Sydney Race 2: 2.30pm, If you are Queensland the race in summer would start 1.30pm, in South Australia the race starts at 2.00pm in Perth the race starts at 11.30am, in Darwin the race starts at 12.00 noon. So you see five different time.
You are lucky that on Betfair it will be in your time (unless you are using a VPN, then it would be the time where your VPN is located).
Racing in Australia starts around 12.00 noon Australian eastern time, (Sydney, Melbourne time).
Generally if you are in the UK, the racing 2.00am -3.00 am, and finishing with West Australian racing at 10.30am. Night racing finishes are 12.00 noon, or on GMT add 1 hour.
Each state in Australia originally had their own State owned TAB.
The started in 1961 in Victoria, and spread from there, these TABs replaced (or tried) to SP bookies, that were illegal and in most pubs around Australia.
Then in 1994 the privatisation started first with the Victorian one (state governments saw these as a great cash grab to sell off).
TAB's in Queensland, South Australia, Northern Territory and Tasmania were re-branded as UBET in 2015
West Australian Tabtouch as I write this is still state owned but there are serious undertones to sell this off, a price tag of over One Billion dollars is expected.
Presently Victoria and West Australia are pooling the funds in "Supertab" so the pools for the races are now very good.
TAB's were once floating prices, so the prices changed as the bets were placed and the percentage of bets on a horse determined the final price, that was not known until the race had started.
However now there is the option in a lot of races now to take fixed prices, like you would with bookies.
TAB's are very popular with exotic betting, Quinella (first two across the line), Trifecta (first three across the line in correct order) and Top 4. These pools can be very large. In Greyhounds the trifecta pool is usually the largest.
TAB's market is usually at 115% in the win place.
Unlike bookies, TAB will not ban you.
If you want to find out how the Biggest Bettors in the World do it, you can download this 51 page PDF, for FREE.
On of the featured punters spend over One Billion in a year on the TAB's and they paid him to Bet!!
Media for Australia Racing.
Radio: Listen to the races in Australia online Click Here