Racing to Riches: Strategies and Tips for Successful Cox Plate Betting in New Zealand

Run annually in late October, the Cox Plate is a highlight on not just the Australian race calendar but on the New Zealand one too. However, New Zealanders who can’t make their way to the Moonee Valley Racing Club at Moonee Valley Racecourse in Melbourne, Australia, where the race is held can still get in on the horse betting action online. There are a huge number of trusted and licensed online and mobile betting sites that make backing a winner quick and simple.

If you’re a Kiwi looking for the best strategies and tips to win big on the W. S. Cox Plate, keep reading. We’ve got everything you need.

Know The Race

Before you place your bets, you need to know more about the race itself. Every horse race is different, and some horses perform better on different tracks or under different conditions.

The Cox Plate is a Group 1 Thoroughbred horse race that accepts runners over the age of three and accordingly to specific weight conditions. The race is run over 2040 metres. You need to check which horses are running, their experience on this sort of distance, and their weights.

Check Form

Studying form means assessing a horse’s past performances in similar races. All expert bettors will always study the horse’s form first, as past performances are excellent indicators of future results. A horse that’s run the Cox Plate before and done very well is far more likely to do well again if they are still at their peak.

Look At The Favourites

The Cox Plate betting favourites are going to be the horses that the bookies think will win, and there’s a good reason for this. Favourites are picked based on form and due to the general consensus of experts that they have an excellent chance of being first across the post. Although you may not win as much when betting on a favourite as you would if you backed an underdog, they are more of a sure thing. This means you stand more chance of claiming a payout.

Watch The Weather

Weather plays a huge role in the results of a horse race. As the date of the race draws near, be sure to watch the weather report and see what’s predicted. Horses that are young may spook far more easily than seasoned racers who have competed in many events. You don’t want to blow your bankroll on a horse that’s skittish.

Stay Up To Date With The News

Jockeys and trainers also play a major role in the performance of a horse. In the weeks before the Cox Plate, watch the news to see if there’s anything about these major role-players. A sick or injured jockey or a trainer that’s been absent for a bit can affect a horse, and the race results.

Shop for the Best Odds and Bonuses

Getting the best odds on the Cox Plate may require some research. Check out leading bookmakers online like Ladbrokes, Palmerbet, and Picklebet first. Not only do these sites have great odds, but they are also safe, trusted, and licensed.

For Kiwis looking to get in on the action of Australia’s Cox Plate, there are plenty of opportunities. Use these tips and strategies, and you could walk away with a bulging wallet.