If you are searching for getting the updated information and data on Melbourne horse racing tips, then you have landed on the right article. In this article, we have mentioned a few tips that you should follow in order to win betting on horses.

You must have value:

It means you must have a betting value that will let you know how much profit you will get in the long term. For example, you are buying £20 notes only for £15. Now the question is how you come to know when you have value. In this article, we let you know how professional bettors do it. There are three most common steps:

Step 1: Winning probability:

First of all, you should estimate the winning probability of every horse available in the race. The second option is if you do have not enough time to consider betting on the horse.

Step 2: Value price:

You have to convert the probability of winning into a price. It can be considered the true price or value price.

Step 3: Compare the value to odds:

Now the last step is that you have to compare the true value that you have calculated with the available odds. It is advisable to only bet the horse or horses race when the price you have calculated is smaller than the price offered on the horse betting.

How much can I win?

Let’s understand it by taking an example of professional Melbourne racing tips. For instance, you have made a bet at 9/1, now the chances are you will get 10% of the profit from this bet, but if you bet at 14/1, then there are chances of getting 50% profit on your turnover. It is just like you are buying £20 notes only for £13.33. Likewise, if the same horse is betted at 6/1, then there are chances you will possibly lose 30%. It is just like you are getting £20 notes by paying £26.

How to estimate the winning chance of the horse:

It is advisable to bet 9/1 chances at 14/1, although it requires you to have the balls, bank, and emotional stability that can give you support to withstand nine losers for every winner.

Thus, these are some of the best and professional horse racing tips in Melbourne that will allow you to win betting on horses.