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 on the planet plus the most prestigious is held around the first Tuesday of November each and every year over the distance of 3200 meters. The event draws international competitors and celebrities that need to be a part of the "Race that stops a nation." One of the biggest aspects of the race could be the 'punt', a.k.a your bet.
80% of Australians bet about the Melbourne Cup each and every year and it is just as much a part of the tradition as wearing hats, fascinators and suits. Unlike other forms of gambling like pokies, racing betting takes a detailed understanding of horse racing if you are intending to position a winning bet. The form of each horse is of particular interest on the serious 'punter', which is no wonder that the Melbourne Cup accommodation/seating sells out so quickly each year because crowds gather to ascertain the healthiness of each horse. Winning the cup brings fame and fortune towards the lucky jockey, a a part of the $5.5 Million prize money on and sboarena on down inside annuals of history alongside his predecessors it is the goal of every jockey to win the race.
Your chances of backing the proper horse?
If you want to take most effective take a look at your chance, you've got a one in 24 potential for winning if you placed a bet on merely one horse, the harder horses you bet around the improve your odds. Choosing 1 horse provides 4.16% chance of winning your bet, that may not look like a wonderful figure but in case you compare it towards the lottery it functions out pretty well.
In general people will bet about the horse that they can feel may be the strongest or which they have heard essentially the most about alternatively they might bet around the horse with all the funniest name that is a common 'punt' for all those less familiar with Horse Racing. There are many different ways of placing bet trifecta's etc and much more information around the different betting types can be found 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 install it there is nothing ever a sure thing within the Melbourne Cup, or another horse race, you do have a better probability of losing than winning even in the event 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 create a fortune.
