The Cox Plate, along with the Melbourne Cup and the Caulfield Cup, is one of the Big Three of Australian Thoroughbred flats racing.
It is the premier Victorian race run under weight-for-age conditions.
It is officially known as the W. S. Cox Plate, in honour of William Samuel Cox, the founder of the Moonee Valley Racing Club, and the race has been run since 1922.
The list of winners of the race is a Who’s Who of Australian racing, too many to list, but all have been overshadowed by Winx. As of the 2018 running of the Cox Plate, she has won four consecutive and as best we know, might be back for a fifth try.
The race attracts punters of all stripes, from the casual, who only come out for the big races, to the experts, who appreciate the challenge of picking a winner in what is often considered the premier weight-for-age race in the country.
Betting on the Cox Plate is similar to betting on any horse race.
The horse with the best chance of winning carries the lowest quote, offering the punter the best chance of a winning wager, but carrying a commensurately lower dividend.
Online betting on the Cox Plate offers a good value for those who cannot attend the race or do not want to stop in one of the bookie shops to place a wager.
The simplest way to go about placing an online bet is to find a bookmaker that offers the option of a dividend based on the best price offered by the Tote agencies, which is something offered by many of the bookmakers.
Fixed Odds and Tips
Fixed odds betting attracts the lion’s share of the money, but some of the more dedicated racing punters will make that punt, and then add on some of the other bet types as a separate punt.
One idea is to back a favourite for enough money to cover smaller wagers placed on the longer odds propositions. Some punters will devise combinations with the favourite and another to finish first and second. From there, the options escalate, as do the odds and payouts for a correct wager.
Markets that are more exotic range from top 5 and top 10, where all that is necessary, if “all” provides an apt description, is to pick the first five or 10 to cross the line, in any order.
The Cox Plate has big prizemoney and attracts a share of top international horses, so it is not unusual to see markets for first Australian trained, or first international trained horse home.
Punters can also bet on which barrier will produce the winner or the number of lengths of the winning margin.
The Cox Plate is a tough race to tip, or was, until Winx came along. Still, with all the interest in the race, the bookmakers often offer additional promotions that do such things as boost the fixed odds on a selected runner and it is quite common to see offers to pay winning bets based on the top fluctuation.