TAB Melbourne Cup

When you bet using the TAB Melbourne Cup, it means that you are betting with other people who have placed bets in the same race and same betting option. TABs show betting odds depending on the probability that the race horse will win the 2011 Melbourne Cup. The more popular thoroughbreds are given shorter odds while the new ones are given longer odds.

Once the 2011 Melbourne Cup is done, it takes a commission from the betting pool which ranges from 14 percent to 25 percent depending on the type of bet placed. The remaining amount will be distributed to the winners according to their betting options. Of course, choosing a race horse with a shorter betting odd gives you a smaller amount of money while betting and winning with a dark horse gives you better dividends for you only have a small group of punters to share the prize with.

Several TAB betting options are available for the 2011 Melbourne Cup Odds through the Internet, the telephone, the smart phones and even on-course TAB Melbourne Cup outlets. The minimum TAB Tote Odds bet is $0.50 while the minimum TAB Fixed Odds bet is $1. Tab agencies require a $1 minimum bet if it is operator-assisted while operator-assisted telephone betting requires a fixed $10 bet.