Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup has become a part of Australian tradition, the annual race which will be the richest thoroughbred race in the world along with the most prestigious is held for the first Tuesday of November every year on the distance of 3200 meters. The event draws international competitors and celebrities that want to be a part of the "Race that stops a nation." One of the biggest aspects of the race is the 'punt', a.k.a your bet.
80% of Australians bet about the Melbourne Cup every year and it's really just as much a part of the tradition as wearing hats, sboarena fascinators and suits. Unlike other designs of gambling for example pokies, racing betting takes an intensive understanding of horse racing if you are going to put a winning bet. The form of each horse is of particular interest on the serious 'punter', in fact it is obvious why the Melbourne Cup accommodation/seating sells out so quickly every year because crowds gather to find out the healthiness of each horse. Winning the cup brings fame and fortune to the lucky jockey, a a part of the $5.5 Million prize money and going down inside annuals of history alongside his predecessors it is the goal of each and every jockey to win the race.
Your odds of backing the correct horse?
If you want to take the simplest look at your chance, you've got a 1 in 24 potential for winning if you placed a bet on only 1 horse, the harder horses you bet about the better your odds. Choosing 1 horse provides a 4.16% potential for winning your bet, that could not seem like a fantastic figure but if you compare it to the lottery it really works out pretty well.
In general men and women bet for the horse that they can feel is the strongest or they have heard one of the most about alternatively they will often bet for the horse with all the funniest name that is a common 'punt' for those less experienced with Horse Racing. There are many different methods for placing bet trifecta's etc and much more information for the different betting types is found on our sports betting page. The most important thing to be aware of though is that in the event you can't afford to lose a bet don't install it there is nothing ever a sure thing inside the Melbourne Cup, or any other horse race, you've got a better chance of losing than winning even if you have insider tips etc.
How expensive is bet annually on Melbourne Cup Day?
Each year throughout the Melbourne Cup [], over $140 million is bet for the race, a great deal of this goes into bookie pockets however some people also come up with a fortune.
