Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup continues to be a part of Australian tradition, the annual race which may be the richest thoroughbred race on the globe along with the most prestigious is held about the first Tuesday of November every year more than a distance of 3200 meters. The event draws international competitors and celebrities that want to be section of the "Race that stops a nation." One of the biggest elements of the race could be the 'punt', a.k.a your bet.
80% of Australians bet for sboarena the Melbourne Cup annually and it's just as much part of the tradition as wearing hats, fascinators and suits. Unlike other styles of gambling for example pokies, racing betting takes a close understanding of horse racing if you are planning to position a winning bet. The form of each horse is of particular interest for the serious 'punter', in fact it is no wonder that the Melbourne Cup accommodation/seating sells out so quickly annually since the crowds gather to ascertain the healthiness of each horse. Winning the cup brings fame and fortune to the lucky jockey, a portion of the $5.5 Million prize money all night down inside the annuals of history alongside his predecessors it is the goal of the jockey to win the race.
Your likelihood of backing the proper horse?
If you want to take most effective look at your chance, you do have a one in 24 chance of winning if you placed a bet on just one horse, the harder horses you bet around the better your odds. Choosing 1 horse provides a 4.16% chance of winning your bet, which could not appear to be a fantastic figure but if you compare it to the lottery it works out practically.
In general people will bet around the horse which they feel will be the strongest or that they have heard the most about alternatively they might bet on the horse using the funniest name the common 'punt' for anyone less familiar with Horse Racing. There are many different strategies to putting a bet trifecta's etc plus much more information about the different betting types are available on our sports betting page. The most important thing to keep in mind though is that in the event you can't afford to lose a bet don't stick it absolutely nothing is ever a sure thing inside the Melbourne Cup, or other horse race, you do have a better possibility of losing than winning even if you have insider tips etc.
How much is bet annually on Melbourne Cup Day?
Each year in the Melbourne Cup [], over $140 million is bet about the race, a lot of this goes into bookie pockets but a majority of people also make a fortune.
