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Behind all the energy and excitement of betting on the races, there’s a simple system that’s easy to learn once you understand a few basics. Punting in Australia has a rich history and a strong cultural tradition behind it. Whether it’s a weekend trip to the local races or a casual flutter on the Melbourne Cup, betting on horses can be fun when you know what you’re doing. This guide breaks down what you need to know before placing a bet, how to read the form, and how to understand what’s happening on race day.

What do you need to know about betting on the races?

Betting on horse racing is more than just choosing a horse with a lucky-sounding name and placing a large sum of money on them to win; it requires a more calculated approach. There are tools, guides, and small bits of know-how that can make the whole experience smoother and a lot more enjoyable. Here’s what you need to know: