Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup has been a part of Australian tradition, the annual race which will be the richest thoroughbred race on earth and also the most prestigious is held on the first Tuesday of November each year over a 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 elements of the race is the 'punt', a.k.a your bet.
80% of Australians bet around the Melbourne Cup each year and it is just as much part of the tradition as wearing hats, fascinators and suits. Unlike other kinds of gambling including pokies, racing betting takes an intensive knowledge of horse racing if you are intending to put a winning bet. The form of each horse is of particular interest to the serious 'punter', and it's also obvious why the Melbourne Cup accommodation/seating sells out so quickly every year because the crowds gather to determine the healthiness of each horse. Winning the cup brings fame and fortune for the lucky jockey, a portion of the $5.5 Million prize money all night down inside annuals of history alongside his predecessors it could be the goal of each and every jockey to win the race.
Your likelihood of backing the correct horse?
If you want to take most effective take a look at the time, you have a 1 in 24 potential for winning if you placed a bet on merely one horse, greater horses you bet for the better your odds. Choosing 1 horse offers a 4.16% chance of winning your bet, which could not seem like a fantastic figure but in case you compare it on the lottery it functions out virtually.
In general men and sboarena women bet about the horse which they feel may be the strongest or that they have heard probably the most about alternatively they could bet on the horse while using funniest name that is a common 'punt' for the people less experienced in Horse Racing. There are many different strategies to placing a bet trifecta's etc and more information on the different betting types are available on our sports betting page. The most important thing to bear in mind though is that in case you can't afford to lose a bet don't stick it there's nothing ever a sure thing inside Melbourne Cup, or some other horse race, you do have a better potential for losing than winning even if you have insider tips etc.
How expensive is bet annually on Melbourne Cup Day?
Each year through the Melbourne Cup [], over $140 million is bet about the race, plenty of this goes into bookie pockets but a majority of people also make a fortune.
