Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup may be section of Australian tradition, the annual race which may be the richest thoroughbred race in the world and also the most prestigious is held for the first Tuesday of November annually 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 elements of the race could be the 'punt', a.k.a your bet.
80% of Australians bet for the Melbourne Cup annually and it's really as much section of the tradition as wearing hats, fascinators and suits. Unlike other designs of gambling for example pokies, racing betting takes an in depth knowledge of horse racing if you are planning to place a winning bet. The form of each horse is of particular interest towards the serious 'punter', and it's also obvious why the Melbourne Cup accommodation/seating sells out so quickly each and every year because the crowds gather to determine 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 all night down inside the annuals of history alongside his predecessors it could be the goal of every jockey to win the race.
Your probability of backing the correct horse?
If you want to take the easiest view of your chance, you have a 1 in 24 possibility of winning should you placed a bet on just one horse, the more horses you bet on the better your odds. Choosing 1 horse offers a 4.16% potential for winning your bet, which could not resemble a wonderful figure but if you compare it on the lottery it really works out practically.
In general individuals will bet on the horse that they feel may be the strongest or that they have heard one of the most about alternatively they will often bet around the horse using the funniest name that is a common 'punt' for all those less experienced in Horse Racing. There are many different strategies to placing bet trifecta's etc plus much more information for the different betting types is 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 place it there's nothing ever a sure thing inside the Melbourne Cup, or any other horse race, sboarena you have a better probability of 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 around the race, plenty of this goes into bookie pockets however some people also make a fortune.
