Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup has been a part of Australian tradition, the annual race which may be the richest thoroughbred race in the world along with the most prestigious is held about the first Tuesday of November each year over the distance of 3200 meters. The event draws international competitors and celebrities that wish to be section of the "Race that stops a nation." One of the biggest elements of the race is the 'punt', a.k.a your bet.
80% of Australians bet about the Melbourne Cup each year and it's really the maximum amount of section of the tradition as wearing hats, fascinators and suits. Unlike other designs of gambling such as pokies, racing betting takes a close familiarity with horse racing if you are going to place a winning bet. The form of each horse is of particular interest towards the serious 'punter', in fact it is no wonder that the Melbourne Cup accommodation/seating sells out so quickly each and every year as the crowds gather to see the condition of each horse. Winning the cup brings fame and fortune for the lucky jockey, a section of the $5.5 Million prize money and going down inside the annuals of history alongside his predecessors it is the goal of each and every jockey to win the race.
Your chances of backing the proper horse?
If you want to take the best look at your opportunity, you have a 1 in 24 possibility of winning should you placed a bet on merely one horse, greater horses you bet on the boost your odds. Choosing 1 horse gives a 4.16% potential for winning your bet, that may not resemble a fantastic figure but in the event you compare it on the lottery it really works out pretty well.
In general people will bet for the horse that they can feel is the strongest or that they have heard one of the most about alternatively they may bet on the horse while using funniest name the common 'punt' for the people less proficient in Horse Racing. There are many different means of placing a bet trifecta's etc plus much more information about the different betting types can be found on our sports betting page. The most important thing to bear in mind though is that should you can't afford to lose a bet don't stick it there is nothing ever a sure thing within the Melbourne Cup, or some other horse race, you have a better possibility of losing than winning even in the event you have insider tips etc.
How expensive is bet annually on Melbourne Cup Day?
Each year during the Melbourne Cup [], sboarena over $140 million is bet around the race, lots of this goes into bookie pockets but some people also come up with a fortune.
