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Kingsford Smith Cup Betting Markets: Exploring Different Types of Bets

Kingsford Smith Cup Betting Markets: Exploring Different Types of Bets

The Kingsford Smith Cup is the second leg of the Winter Sprint Triple Crown and is run over 1300m as part of the Brisbane Winter Racing Carnival. The race will be run on Saturday 27th May at Eagle Farm racecourse with total prize money of $1,000,000.

The race has been a tough one for punters in recent years with only two favourites winning since the race was upgraded to Group 1 status in 2006. The race provides some great value betting opportunities due to its open nature with value to be had by astute bettors.

Below are the most popular bet types for the race.

Win Bet

This is the simplest and oldest form of horse race form betting. You do the form, pick out a Kingsford Smith runner and place a winning bet on them and if they win, so do you! It’s that simple. The 2022 Kingsford Smith Cup was won by APACHE CHASE at odds of $12. Meaning that a winning bet of $1 returned $12.

Place Bet

Similar to a winning bet but with more options to win. In races of 8 starters, place bets are paid out on the top 3 placings while fields of 7 or less pay out on the first 2 past the post. The payouts aren’t as large as winning bets, but the frequency of payouts is greater. APACHE CHASE paid $3.90 a place last year. A $1 bet would have returned $3.90.

Quinella

This is a bet placed on who will finish in the top 2 of a particular race, in any order. Payout figures are larger than that of a winning bet as it is more difficult to find the top 2 finishes in a race. The 2022 Kingsford Smith Quinella (APACHE CHASE and PAULELE) paid $47. A $1 bet would have returned $47.

First Four Bet

A First 4 consists of selecting four runners to place first, second, third and then fourth in the correct order in the Kingsford Smith. While it is hard to pick the first 4 in the race, the rewards are big. The 2022 Kingsford Smith Cup First 4 paid well over $10,000. A first four bet provides the opportunity to get a large payout from a small outlay and is well worth considering in the competitive Group 1 races.

Multi bet

A Multi bet combines a series of single bets into one wager. “Multis” as they are commonly referred to have operated under a number of different titles in the past such as “accumulator” “all up” or “parlay”. Put simply it is combining a number of bets into asingle bet with odds multiplied for each selection.

Same Race Multis (SRM) is fast becoming a popular way to bet on horse racing. An SRM on the Kingsford Smith Cup is sure to return big odds with bets on horses to “finish in top 3” into another horse “to win” into another to “finish in top 4” a possible combination.

Multis are an excellent way to boost your payouts for a small outlay and are a good-value betting strategy.

Conclusion

With so many different types available for the Kingsford Smith Cup it is important to bet with a bookmaker who has a great product offering and fantastic odds. The Palmer family have three generations of bookmaking experience and Palmerbet is financially guaranteed by the NSW Bookmakers Co-Operative and licensed by the NSW government. When you bet with Palmerbet you are getting a great combination of modern technology and old-fashioned service.

The Palmerbet Blog has racing predictions as well as updated betting markets, breaking news and information on a variety of upcoming events. It is a great source for free Kingsford racing betting tipsand up-to-date Kingsford racing betting odds as well as the all-important tips.

Visit Palmerbet.com for all your needs. You will be pleased you did!

 

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