A classic sporting discipline, horse racing is great for betting on a wide variety of bets, testing strategies, spreads and systems. Horseracing parlay betting is also popular with Australian punters because it can often be a combination of several events with high odds, which, when won, gives a very large profit. Let’s take a look at some popular horse racing parlay betting strategies.
Popular Parlay Betting Strategies in Horse Racing
As with single bets, there are a large number of parlay bets on horse racing that have been successfully utilised by punters from Australia. Let’s take a look at a few of the most popular ones.
Datching
“Datching” involves betting on several horses at inflated odds to increase the chances of winning. Experienced punters use odds higher than 4.00 to maximise the profitability of this strategy.
In order to find events for parlays with the most inflated odds, it is recommended to use valuyscanners. Special applications, bots or online programmes on websites search for valueweights (including indicating their percentage of overvalue relative to the average). You can combine several such events into an parlay and achieve huge winnings even with a small bet. By making a series of such bets, you significantly increase your chances of success. If at least one of these series of bets wins, you will have paid off many attempts at once.
Trixie
The Trixie strategy aims to maximise profits by selecting several favourites in a race. The basic idea is to form a betting system that includes one triple and three doubles, which cover the cost of the attempts with the sum of the winnings. You can choose different numbers of favourites, but professionals usually settle on three. Here are the steps in applying this strategy
- Pick three favourites who have performed well in previous races, for example, select horses with odds of 2.00 or higher;
- Create four betting combinations, three double and one triple, for example, if the horses are labelled A, B, and C, the combinations would look like this: (A + B), (B + C), (A + C) and (A + B + C);
- Place a bet and wait for the event to complete.
If two double parlays go in, you will already make some profit. And if you win a triple parlay bet, by multiplying the odds, each of which is higher than 2.00, you will get a big profit
Suppose you bet AU$10 on each combination with odds of around 2.70 on all three horses. If at least two combinations go through, your bet will cover the costs and make a small profit. If the larger combinations win, you will receive payouts on all of your coupon bets, making a significant profit.
The Trixie strategy is effective for those who know how to analyse the favourites and are ready to take calculated risks. Unlike the “Datching” strategy, the emphasis here is not only on mathematics, but also on competent analysis of the events themselves.
Parlay Bets by Martingale System
Martingale is a betting management strategy that involves doubling the amount bet after each loss. This way, in case of a win, the losses from previous unsuccessful attempts are covered. This strategy can be used very effectively in parlay betting on horse racing. This is due to the following features of this type of betting:
- For a profitable application of the Martingale strategy, odds of 2 or higher are enough, and in parlay betting on horse races such a figure can be achieved by betting on clear favourites with a margin of error (for example, that the champion horse will not take a place lower than the third);
- Popular betting sites allow you to wager small amounts on horse racing, such as AU$1, which allows you to have a good margin of moves for betting with the Martingale strategy;
- In horse racing, there are often clear favourites, but due to the nature of the sport, their odds still won’t be too low.
However, as in other disciplines, the Martingale strategy should be tested carefully. You can always run into a long series of losses. Therefore, be sure to set a limit on the maximum amount of lost funds.
How to Place Parlay Bets on Horse Racing in Australia
The process of making parlay bets on horse racing is no different from the standard one. You can do it at the racetrack, at a land-based betting shop or at an online betting resource (on the website or in the mobile app on your smartphone). At land-based outlets, an parlay bet is made at the cashier’s desk. If you play online, the step-by-step process looks like this:
- Choose the right betting site with a horse racing betting line that accepts punters from Australia;
- Authorise with your login and password in your profile (it is recommended to go through the verification procedure at once to unblock the possibility of withdrawing money to your details);
- Make a deposit using a payment method that is convenient for you;.
- Activate the welcome bonus or other promotions if they are offered for horse racing betting;
- In the sections with a selection of sports to bet on, select horse racing, then go to the specific tournament and select the race of interest, click on one particular outcome with the specified odds, but do not confirm the bet;
- Go to another race, there also select one of the outcomes with a suitable odds, and click on it to have it added to the same coupon;
- You can confirm the bet, or do as many or as few more repetitions of these actions as you like, so that each new event is added to the existing coupon and their odds are multiplied;
- When you think you have enough events, click “Confirm bet” to place an parlay bet.
Read also about MyBet.
According to the results of all races from the coupon, if all events win, you can withdraw your winnings in a convenient way. If at least one event in the set loses, the whole coupon loses.
Use parlay bets to win big. Good luck and many victories!
Conclusion
Parlay betting is a great tool for getting big wins in horse racing betting. Apply popular strategies to further increase your chances of success. Sign up at trusted betting sites that accept players from Australia, activate welcome bonuses and win! Big winnings await!