Anyone who is interested in horse racing would know what a grand and prestigious event the Melbourne Cup is. The Melbourne Cup is the most reputable and talked about thoroughbred horse racing event in Australia. It’s a 3,200m race, and horses that run in the race are at least three years old. The Melbourne Cup is organized by the Victoria Racing Club in Melbourne.

For all the punters, especially the new ones, who are interested in placing wagers on the upcoming season, it’s extremely necessary to familiarize yourself with the basic rules and regulations of this horse racing series. If you’re new to online betting, then there are a couple of things that you need to know before you start placing bets on the horses. In this article, we’ll share a few tips that will make your overall punting experience truly remarkable.

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Here are a few tips that would help a beginner online punter to place bets on the Melbourne Cup.

1 - Choose Between Flats & Jumps

Horseracing in Australia has two major components – flats and jumps. As it turns out, there are a few factors that affect the chances of you winning a bet. You must understand all those factors in order to become a pro at horserace betting. The best piece of advice for a beginner punter would be to choose between flat and jump horse racing based on your interest. Improve your betting skills and then start betting on the other type of horse racing.

2 - There’s Nothing More Important Than An Expert Trainer

Someone who has the basic knowledge about horse racing would tell you that following a successful horse trainer is really important. It turns out there are a few horse trainers that always dominate a race, like Darren Weir. The tip here is to follow the reputation of the trainer, not the horse. If you follow the trainers you would be able to identify the horse that has more chances of winning the Melbourne Cup.

3 - Avoid Multiple Betting

We know it can be very tempting to place multiple bets, but your inexperience does not warrant you to take that kind of risk. In the beginning, just stick to placing single bets because you have more chances of winning that way.

4 - Managing Your Money Is Very Important

There’s no need to remind you that as a beginner, you need to place small bets. However, a time will come when you’ll be in a position to place bigger bets. And that’s when you would have to manage your betting bank account. Managing your money in the account will keep you from placing bets involving more money than you can afford.

For a beginner punter, there’s a lot more than these four tips that can help you with placing realistic bets on the Melbourne Cup this year. But these important and useful bets are more than enough for you to get started. As you improve in the betting game, you’ll learn a dozen new tips that will help you place riskier and bigger bets.