When betting on horse races, you need to understand the odds. If you bet on a place, you will win less than if you bet on a win. But if you bet on a horse that wins, you will win more than if you bet on a place. There are some tips you can follow to win more money betting on horse races. Stakes racesStakes races in horse racing are highly competitive events with large purses. They are often the first step in a horse's career and can make or break it. Many stakes races are handicapped and conditioned, and they are also reserved for specific breeds and classes of horses. Stakes races are highly competitive events for thoroughbreds. Prize money for these events varies, and can range from $75k to millions of dollars. The Breeders' Cup, for example, has a prize purse of $20 million. Each of the races is handicapped and conditioned, and the winner is crowned the champion. In addition to stakes races, there are allowance races. These races allow horses to carry lighter weights than the stakes races. They are also a stepping stone for horses moving up the class ladder. Some horses will win several allowance races before moving up to a stakes race. Allowance races are also good opportunities for trainers to test new horses. If a horse doesn't do well, it can be dropped to a lower weight division for a stakes race. Melbourne CupIn recent years, the Melbourne Cup horse race has suffered a decline in public acceptance and has lost some of its luster. A recent poll by Animals journal cited animal welfare concerns as a possible cause for this decrease. However, other factors, such as the growing awareness of the ills of gambling, could also have contributed to the decline. In addition, the race has been associated with many deaths, which has sparked a backlash. In response, Racing Victoria promised to improve safety. This has resulted in the #nuptothecup campaign that has been running for over ten years. To enter the Melbourne Cup, you can either visit your local TAB to place a bet or place an online wager with one of the leading online bookmakers. You will have a choice of betting on horses' odds and their trainers' form guides. This can help you make an informed decision and avoid losing money. Breeders CupThe Breeders' Cup is the world's premier thoroughbred horse race. It takes place at Churchill Downs in Louisville, Kentucky. Since 1984, the race has produced some of the most thrilling finishes in horse racing history. Many champions have become legendary and fans have been left with memories they'll cherish forever. The Breeders' Cup is the culmination of a horse's career, and for many, winning it ensures year-end awards. The win can also raise a horse's value during breeding season. Breeders' Cup races feature multiple distances and age divisions. Some races are held on grass. The Breeders' Cup was introduced in 1984. The races were originally designed as a celebration of the end of the racing season and a showcase for talent. They started as a one-day event, but were expanded to two days in 2007. The series now includes fourteen individual races, which draw runners from around the globe.