Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup may be part of Australian tradition, the annual race which is the richest thoroughbred race in the world and also the most prestigious is held around the first Tuesday of November every year over a distance of 3200 meters. The event draws international competitors and celebrities that wish to be 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 on the Melbourne Cup each and sboarena every year and it's just as much section of the tradition as wearing hats, fascinators and suits. Unlike other styles of gambling including pokies, racing betting takes an in depth understanding of horse racing if you are going to put a winning bet. The form of each horse is of particular interest for the serious 'punter', which is obvious why the Melbourne Cup accommodation/seating sells out so quickly annually because the crowds gather to see the condition of each horse. Winning the cup brings fame and fortune towards the lucky jockey, a section of the $5.5 Million prize money all night down within the annuals of history alongside his predecessors it will be the goal of each jockey to win the race.
Your likelihood of backing the proper horse?
If you want to take most effective look at the time, you do have a 1 in 24 possibility of winning should you placed a bet on just one horse, the harder horses you bet around the raise your odds. Choosing 1 horse gives a 4.16% probability of winning your bet, that could not resemble an amazing figure but in case you compare it to the lottery it truely does work out virtually.
In general men and women bet about the horse which they feel will be the strongest or that they have heard essentially the most about alternatively they will often bet for the horse using the funniest name the common 'punt' for the people less familiar with Horse Racing. There are many different ways of placing a bet trifecta's etc plus more information for the different betting types is found on our sports betting page. The most important thing to keep in mind though is that in case you can't afford to lose a bet don't install it nothing is ever a sure thing inside the Melbourne Cup, or any other horse race, you've got a better chance of losing than winning even in the event you have insider tips etc.
How much will bet annually on Melbourne Cup Day?
Each year through the Melbourne Cup [], over $140 million is bet for the race, a great deal of this goes into bookie pockets but some people also produce a fortune.
