Australian Cycling Betting Sites
Cycling is more popular in some countries than in others. However, anyone can bet on cycling events with an online betting site. Bettors that live in countries where cycling is popular might have a bit of an advantage because they know more about the cyclists and how they perform. Of course, even if you don’t live in a country where cycling is popular, it is easy enough to do some research on the sport over the internet and familiarise yourself with the cyclists and their performance. One of the most popular cycling events to bet on in the world is the Tour de France and many Australians enjoy betting on this race. Another two popular cycling events that punters enjoy betting on are the Giro d’Italia and the Vuelta a Espana.
There are many different kinds of cycling bets but for those punters who only place bets occasionally it is usually better to stick to simple bets. The simplest bet of all is placing abet on who will win a particular race. This is a good bet for the beginner because they will probably only know the famous riders who are likely to win. Cycling odds are listed in many different formats that include moneyline, fractional odds and decimal format. The customers of a bookmaker will usually determine which format will be used. For example, if the customers are American, then moneyline will be used. If the customers are Australian, then they will use the decimal format.
Fractional odds are a common in straight up bets when a bookmaker is accepting cycling bets on who will win a particular race. For example a bookmaker might be accepting 4/1 bets on a particular cyclist, this means that for every $1.00 a person bets on the cyclist they would be paid $4.00 if the cyclist wins.
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Types of Cycling Bets
As discussed, the odds for Cycling betting might also be listed as moneyline format. A moneyline odds bet listed as +500 means that the punter will receive $5.00 for every $1.00 he bet. The greater the chances of a cyclist winning a race, the lower the odds will be. The best odds are always on long shot riders and this encourages bettors to place cycling bets on riders that probably won’t win.
Decimal odds require that the punter subtracts 1 from the odds that are listed. For example if a cyclist was listed at 4.00 this means that for every $1.00 a punter bet, they would receive $3.00.
Other Cycling betting includes from what country the winner will be, or who will win a particular stage of a race. These cycling bets are usually taken by punters with more knowledge gathered from reading sports betting guides.
Cycling Betting Strategy and Tips
When betting on cycling, it is always important to shop around for the best odds. On this site we have reviewed and rated all the best bookmaker for you, so you don’t have to. All you have to do is read the reviews and make your decision. Also remember that doing some research into Cycling betting will also help you to make cycling bets that you are more likely to win.