Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup has been portion of Australian tradition, the annual race which is the richest thoroughbred race on earth along with the most prestigious is held on the first Tuesday of November each and every year more than 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 areas of the race may be the 'punt', a.k.a your bet.
80% of Australians bet for the Melbourne Cup every year and it's really the maximum amount of part of the tradition as wearing hats, sboarena fascinators and suits. Unlike other kinds of gambling like pokies, racing betting takes an intensive expertise in horse racing if you are going to position a winning bet. The form of each horse is of particular interest to the serious 'punter', which is obvious why the Melbourne Cup accommodation/seating sells out so quickly each and every year as the crowds gather to determine the condition of each horse. Winning the cup brings fame and fortune towards the lucky jockey, a part of the $5.5 Million prize money on and on down within the annuals of history alongside his predecessors it is the goal of every jockey to win the race.
Your odds of backing the correct horse?
If you want to take the easiest view of your opportunity, you do have a 1 in 24 chance of winning in case you placed a bet on only one horse, the harder horses you bet around the raise your odds. Choosing 1 horse provides a 4.16% probability of winning your bet, that will not look like a wonderful figure but if you compare it to the lottery it functions out virtually.
In general men and women bet on the horse that they feel may be the strongest or they have heard essentially the most about alternatively they may bet about the horse with the funniest name the industry common 'punt' for all those less familiar with Horse Racing. There are many different methods for locating a bet trifecta's etc plus more information about the different betting types is found on our sports betting page. The most important thing to make note of though is that in case you can't afford to lose a bet don't stick it absolutely nothing is ever a sure thing in the Melbourne Cup, or any other horse race, you do have a better probability of losing than winning even should you have insider tips etc.
How much is bet annually on Melbourne Cup Day?
Each year throughout the Melbourne Cup [], over $140 million is bet for the race, a lot of this goes into bookie pockets but a majority of people also make a fortune.
