I went in today to put a few $(literally) on a few horses including Incentivise etc to win Caulfield/ Melbourne Cup. What I donít understand and this has been going on for decades is the reduced odds of a horse to win both cups. It is almost 30-40% reduction in total odds for a single horse to win both cups.
If I backed horse A into A, B, C and D to win the second leg, I get lower price for A but not higher price for B,C and D if A wins. Considering Etheral and Doiremus were our last 2 dual cup winners in the last 30 years, it is a rort.
Where is Peter Mair to chase it up for us.
Yes we have been through this in detail a few times.
It is a rip off of the highest order.
The bookies argue "Ųh but horse A would be reduced odds for the Melbourne Cup if it wins the Caulfield Cup".
But the bit they are leaving out are all the bets taken for horse B to win both Cups at a reduced percentage, horse C to win both Cups at a reduced percentage, etc.
To be honest I don't know why the marketing department of one of the big players don't just give the correct odds and advertise as such. Surely that sort of promotion wouldn't cost any more than "pay down to 5th place" and "Odds Boost" and all those other promos.