Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup has become a part of Australian tradition, the annual race which is the richest thoroughbred race in the world plus 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 need to be a part of the "Race that stops a nation." One of the biggest elements of the race may be the 'punt', a.k.a your bet.
80% of Australians bet on the Melbourne Cup each and every year and it is as much part of the tradition as wearing hats, fascinators and suits. Unlike other forms of gambling like pokies, racing betting takes an in depth familiarity with horse racing if you are going to place a winning bet. The form of each horse is of particular interest for the serious 'punter', in fact it is obvious why the Melbourne Cup accommodation/seating sells out so quickly every year because the crowds gather to find out the health of each horse. Winning the cup brings fame and fortune to the lucky jockey, a portion of the $5.5 Million prize money and sbobet going down inside annuals of history alongside his predecessors it could be the goal of the jockey to win the race.
Your probability of backing the right horse?
If you want to take the easiest view of the time, there is a one out of 24 possibility of winning if you placed a bet on only 1 horse, the more horses you bet for the improve your odds. Choosing 1 horse provides 4.16% probability of winning your bet, that will not appear to be a fantastic figure but in case you compare it to the lottery it works out pretty much.
In general men and women bet on the horse they feel could be the strongest or they have heard the most about alternatively they could bet for the horse while using funniest name the industry common 'punt' for the people less familiar with Horse Racing. There are many different means of placing bet trifecta's etc and much more information for the different betting types is available 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 in the Melbourne Cup, or another horse race, you do have a better potential for losing than winning even should you have insider tips etc.
How much is bet annually on Melbourne Cup Day?
Each year during the Melbourne Cup [], over $140 million is bet on the race, lots of this goes into bookie pockets but a majority of people also create a fortune.
