This week the racing betting odds are favouring those who understand the ancient horseracing style called  Steeplechase.

The 2010 Steeplechase Carnival held in Warrnambool in Victoria will host the $140,000 Flying Horse Bar & Brewery Grand Annual Steeplechase  which is run over 5,500m.

Sportbets.com.au has all the steeplechase betting odds live on the website. We think the best Steeplechase bet is the First Four due to the nature of the jumps. Watch the video on how to place a bet on the first four here.