Horse racing is an exciting and fast-paced sport that can be incredibly profitable for those who understand the nuances of the game. One of the most important aspects of horse racing is racing classifications. These classifications can help you determine the level of competition a horse is racing against and the potential rewards of a win or placing in a race. One of the most common racing classifications is BM70, which stands for ‘Benchmark 70’. In this article, we will explore what BM70 means in horse racing and how it can affect your decisions when looking for a horse to bet on.
What is Benchmarking in Horse Racing?
Benchmarking is a system used by Racing Australia to grade the level of competition in a race and to determine the amount of prize money offered for each race. Races are divided into different benchmark levels ranging from BM60 to BM100, with BM70 being the fourth highest level of competition. When a race is classified as BM70, it means that the average rating of horses in the race is 70. This is determined by taking the average of the top three horses in the race.
What is the Prize Money for BM70 Races?
The prize money for BM70 races is determined by the total prize money pool for the race. The minimum prize money for a BM70 race is $35,000, but it can be as high as $100,000 depending on the size of the race and the total prize money pool.
What Type of Horses Compete in BM70 Races?
BM70 races typically feature horses that are more experienced and better performers than those in lower benchmark races. These horses have typically raced at least three times before and have achieved some success in their races. It is not uncommon to see horses in BM70 races that have won a Group 1 or Group 2 race in the past.
What are the Benefits of Betting on BM70 Races?
Betting on BM70 races can be a great way to make a profit. These races are typically more competitive than lower benchmark races, which means that the odds offered are often more attractive. Additionally, the higher prize money on offer means that there is more potential for a bigger return on investment for those who back the right horse.
What are the Downsides of Betting on BM70 Races?
Betting on BM70 races can also be risky, as the level of competition is much higher than in lower benchmark races. This means that the chances of backing a horse that will finish in the top three are reduced, and the chances of the horse winning are even lower. Additionally, the higher prize money means that the competition for betting is often tougher, with more experienced and well-informed punters competing for the same prize money.
What Should You Look for When Betting on BM70 Races?
When betting on BM70 races, it’s important to look at the form of the horses competing in the race. You should also consider the jockey and trainer of the horse, as well as the conditions of the track. Additionally, it’s important to take into account the odds offered for each horse and the size of the prize money pool.
What is the Best Way to Bet on BM70 Races?
The best way to bet on BM70 races is to do your research and make informed decisions. Look at the form of the horses in the race, the track conditions, the jockey and trainer, and the odds offered for each horse. Additionally, it’s important to be aware of the size of the prize money pool and how much money you can potentially win.
What Other Racing Classifications Should You Be Aware Of?
In addition to BM70, there are a number of other racing classifications that you should be aware of. These include:
- BM60: The lowest level of competition, with an average rating of 60.
- BM65: Slightly higher level of competition with an average rating of 65.
- BM75: Higher level of competition with an average rating of 75.
- BM80: Highest level of competition, with an average rating of 80.
Conclusion
BM70 is a racing classification used by Racing Australia to determine the level of competition in a race and the amount of prize money offered. Races classified as BM70 typically feature more experienced and better performing horses than lower benchmark races and offer higher prize money pools. When betting on BM70 races, it’s important to do your research and make informed decisions based on the form of the horses, the track conditions, the jockey and trainer, and the odds offered for each horse. Additionally, it’s important to be aware of other racing classifications such as BM60, BM65, BM75, and BM80.