Introduction to Queen Elizabeth Stakes Betting
The Queen Elizabeth Stakes is a Group 1 2000 metre Weight For Age race that is run at Randwick Racecourse during “The Championships”, a two-day feature of the Sydney Autumn Carnival. Run under Weight-For-Age (WFA) conditions and with a total prize money of $5 million the Queen Elizabeth Stakes attracts a field of the best horses in Australia and from overseas.
The 2023 Queen Elizabeth Stakes will be run on Saturday 8th April.
The History and Legacy of the Queen Elizabeth Stakes race
First run in 1851, the Queen Elizabeth Stakes has a rich history. Initially run over 4800 metres (3 miles), the length of the race has consistently decreased, ending at the current distance of 2000 metres in 1986. The race was renamed the Queen Elizabeth Stakes after the 1954 visit to the track of Queen Elizabeth and Prince Phillip.
There is a long list of superstar Queen Elizabeth Stakes winners, with legendary names like Archer, Phar Lap, and Tulloch etched into racing history. Winx, arguably the greatest of them all, won the Queen Elizabeth Stakes in 2017, 2018 and 2019. The 2019 race was the superstar’s last race, and she did not let her thousands of fans down, winning by 1.5 lengths at the short price of $1.06.
UK horse Addeybb trained by William Haggas and ridden by Tom Marquand won the race in 2020 and 2021 defeating Australasian superstar Verry Elleegant on both occasions. The battle between the two horses down the home straight made the hairs on the back of the neck stand up and was outstanding theatre.
In 2022 veteran jockey Nash Rawiller took his mount the $41 outsider Think It Over to the outside in the home straight and caused an upset victory, defeating the well backed Zaaki. It was just another chapter in the folklore of the race.
Understanding the basics of Queen Elizabeth Stakes Betting
As in all betting, it is crucial to do the form heading into the Queen Elizabeth Stakes. The WFA conditions mean that the best horses are favoured in the race and punters have enjoyed a great deal of success in recent years with Reliable Man ($12 in 2013) the only horse to win at a double figure price recently.
The Group 1 Doncaster Handicap held at Randwick a week earlier is a fantastic lead up race for the Queen Elizabeth Stakes, while horses that run in the Group 1 Ranvet Stakes, AJC Derby, and Rosehill Guineas have all fared well in recent years.
Understanding the different types of Queen Elizabeth Stakes bets and how they work
There are a variety of bet types available on the Queen Elizabeth Stakes with the most popular ones listed below:
Win – This is the simplest form of betting. You do the form, pick out a horse to win the Queen Elizabeth Stakes and place a bet on them. If they win, so do you!
Place – Similar to a win bet but with more options to win. In races of 8 starters place bets are paid out on the top 3 placings while fields of 7 or less pay out on the first 2 past the post. The payouts aren’t as large as winning bets, but the frequency of payouts is greater.
Quinella – This is a bet placed on who will finish in the top 2 in the Queen Elizabeth Stakes of a particular race, in any order. Payout figures are larger than that of a win bet as it is more difficult to find the top 2 finishers in a race.
Trifecta – Is similar to a quinella but this time it is a bet on the horses to finish in the top 3 in the Queen Elizabeth Stakes. Obviously harder to pick but the payout tends to be much higher.
Multi Bets – With so many great races on during The Championships a multi bet can be very profitable. Bettors choose horses to win in different races throughout the day, with the odds multiplying with every win. “Multis” provide an opportunity for a substantial collect for a small outlay.
Managing risk and bankroll when Queen Elizabeth Stakes betting
The key to being a successful horse racing bettor is bankroll management. Don’t bet everything on one race such as the Queen Elizabeth Stakes but spread your risk. Experts recommend that you bet no more than 5% of your betting bank on any one race. That should absorb some bad beats and unlucky photo finishes!
Best Queen Elizabeth Stakes betting sites and their offerings
With so many online bookmakers in the market, it is crucial to bet with a bookie you can trust. Palmerbet is a third-generation bookmaker who offer a number of betting markets on the Queen Elizabeth Stakes including exotics and great odds across the board. Palmerbet give you the opportunity to bet either pre-post or on the day.
Licensed in Australia and guaranteed by the NSW bookmakers co-operative, Palmerbet have all your punting needs covered. Their blog is a great source for free expert horse racing tips, betting previews and up to date betting odds as well as the all-important Queen Elizabeth Stakes Betting Odds.
Visit Palmerbet.com or download the Palmerbet app via the app store.