InRunning Betting on the Melbourne Cup
InRunning Betting are bets made after the horserace has commenced. It is becoming very popular and was first available during the 2007 Melbourne Cup horserace. InRunning betting is a form of
live betting - where punters bet on AFL during the game and place live bets on cricket.
How does Melbourne Cup InRunning Betting work?
As detailed in the below pictures, in running betting odds change from those offered by bookmakers before the race once the race has commenced. The horserace odds change as the race caller makes announcements as to the positions of the horses who are leading the Melbourne Cup.
In this picture, the inrunning betting odds change in favour of the eventual winner Efficient (who had pre-race odds of 28:1) as it passes Master O’Reilly.
Why InRunning Betting works?
In Running betting allows punters to reduce their loss by betting more as the likelihood of another horse winning becomes more likely.
InRunning Betting Odds
As the 2007 Melbourne Cup horses raced towards the finish line, the inrunning betting odds increase for Master O’Reilly (to 30 to 1) and dramatically reduce for Efficient (to 3.2 to 1).
Horseracing betting enthusiasts can place a bet on the horses as they are running through the entire race, providing the opportunity for skill based punters who are knowledgable about horseracing to place in-running bets.
The Popularity of InRunning Betting
This thrilling form of horseracing betting is very popular in the United Kingdom and almost 1 in 4 bets placed on horses are a form on live and inrunning bets!
What is In Play Betting? Other forms of live bets for sports like Soccer, Cricket and Rugby is becoming very popular in Australia. See
http://www.inplaybetting.com.au for more details
